Drag Reducing Agent Market: Growth Forecast from 2025 to 2035
Overview:
The drag reducing agent market is poised for consistent expansion over the coming years. Starting from a market size of USD 749.5 million in 2025, projections indicate a rise to USD 1.3 billion by 2035, reflecting a compound annual growth rate (CAGR) of 5.63% from 2025 to 2035. This growth is underpinned by increasing operational efficiencies in fluid transportation across various industries.
Key market drivers include the escalating demand for energy and the imperative to optimize pipeline transport. Drag reducing agents (DRAs) are crucial in minimizing turbulence and pressure drop within pipelines, facilitating higher throughput and reduced energy expenditure, appealing particularly to the oil and gas sector.
Technological advancements in polymer chemistry are leading to more effective and environmentally benign DRA formulations. These innovations enhance pipeline performance and reduce environmental footprints, aligning with sustainability objectives.
Regionally, North America holds a substantial market share in DRA consumption, propelled by its extensive network of pipelines and significant oil and gas activities. Simultaneously, the Asia Pacific region is anticipated to witness the most rapid growth due to increasing infrastructural investments and industrial expansion.
The competitive landscape includes major players focused on product innovation and strategic collaborations to enhance their market presence. Continuous research and development efforts are also critical for sustaining a competitive advantage.
The market’s growth will be further augmented by stringent environmental regulations that encourage the adoption of DRAs to reduce energy consumption and emissions. These factors collectively contribute to the positive trajectory of the drag reducing agent market.
Year On Year Growth Chart
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| Report Attribute | Details |
|---|---|
| Market Size in 2025 | USD 749.5 million |
| Revenue Forecast for 2035 | USD 1.3 billion |
| Growth Rate (CAGR) | 5.63% from 2025 to 2035 |
| Base Year for Estimation | 2024 |
| Historical Data | 2020 – 2024 |
| Forecast Period | 2025 – 2035 |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2025 to 2035 |
| Report Coverage | Revenue forecast, company market share, competitive landscape, growth factors, and trends |
| Covered Segments | Product Type, Application, End Use and Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, MEA |
| Country Scope | U.S., Canada, Mexico, U.K., Germany, Italy, Poland, China, India, Japan, Australia, South Korea, Brazil, UAE, KSA, South Africa |
| Key Companies Analyzed | Baker Hughes, Flowchem, Innospec, Lubrizol Specialty Products Inc., NuGenTec, Sino Oil King Shine Chemical, PetroChina |
| Customization Options | Free report customization (up to 8 analysts working days) with purchase. Changes to country, regional, and segment scope |
| Pricing and Purchase Options | Customizable purchase options for tailored research needs |
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Key Companies Market Share
Report Coverage & Deliverables
- Market Trends And Dynamics
- Competitve Benchmarking
- Historical data and forecasts
- Value/Volume analysis
- Company revenue shares and key strategies
- Regional opportunities
This is an indicative segmentation. Please request a sample report to see detail segmentation of this market.
Detailed Market Segmentation
- By Product Type
- Oil-Based DRA
- Water-Based DRA
- Others
- By Application
- Crude Oil Pipelines
- Refined Products Pipelines
- Others
- By End-Use
- Oil & Gas
- Chemical
- Others
- By Region
- North America (U.S., Canada, Mexico)
- Europe (U.K., Germany, France, Italy, Poland)
- Asia-Pacific (China, India, Japan, Australia, South Korea)
- Latin America (Brazil, Argentina)
- Middle East & Africa (MEA) (UAE, Saudi Arabia, South Africa)
Table of Content
- Executive Snapshot
- Market Overview
- Key Market Trends
- Key Success Factors
- Market Demand Analysis 2020 to 2024 and Forecast, 2025 to 2035
- Market – Pricing Analysis
- Market Demand (in Value in USD million/billion) Analysis 2020 to 2024 and Forecast, 2025 to 2035
- Market Background
- Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Product Type
- Oil-Based DRA
- Water-Based DRA
- Others
- Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Application
- Crude Oil Pipelines
- Refined Products Pipelines
- Others
- Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By End-use
- Oil & Gas
- Chemical
- Others
- Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Region
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Western Europe
- Eastern Europe
- Central Asia
- Russia & Belarus
- Balkan & Baltic Countries
- Middle East and Africa
- North America Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- Latin America Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- East Asia Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- South Asia & Pacific Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- Western Europe Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- Eastern Europe Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- Central Asia Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- Russia & Belarus Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- Balkan Countries Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- Baltic Countries Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- Middle East & Africa Market Analysis 2020 to 2024 and Forecast 2025 to 2035
- Region wise Market Analysis 2025 & 2035
- Market Structure Analysis
- Competition Analysis
- Baker Hughes
- Flowchem
- Innospec
- Lubrizol Specialty Products Inc.
- NuGenTec
- Sino Oil King Shine Chemical
- PetroChina
- Assumptions and Acronyms Used
- Research Methodology