The global Drag Reduction Agent (DRA) market size was USD 596.20 Million in 2022 and is expected to register a rapid revenue CAGR of 5.8% during the forecast period. Rising adoption of DRA in petrochemical industries is a major factor driving market revenue growth.

The Global Drag Reduction Agent (DRA) Market Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Drag Reduction Agent (DRA) Market market and its key elements. The report is formulated through extensive primary and secondary research and is curated with an intent to offer the readers and businesses a competitive edge over other players in the industry.

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Effect of COVID-19 on the global market for Drag Reduction Agent (DRA) Market

The COVID-19 pandemic had a significant negative influence on the market for Drag Reduction Agent (DRA) Market in 2020, significantly decreasing its CAGR. In 2020, manufacturers and suppliers of Drag Reduction Agent (DRA) Market were significantly impacted by federal and national safety and legal orders. The majority of businesses have been impacted by the COVID-19 pandemic. Mandates for business closures, restricted municipal and state government office activities, and social conventions of distance had an impact on the production of Drag Reduction Agent (DRA) Market in 2020. Additionally, demand for Drag Reduction Agent (DRA) Market decreased across a range of end-use sectors. The pandemic epidemic also resulted in a decline in global investments in the water sector.

Drag Reduction Agent (DRA) Market market : Competitive Landscape

The prominent players operating in the Drag Reduction Agent (DRA) Market market are profiled in-depth in the report and their strategies, collaborations, and product innovations. The analysis of the key players and their strategies to fortify their presence in the market impart a better understanding of the competitive landscape of the Drag Reduction Agent (DRA) Market market .

Baker Hughes Company, Dorf Ketal, Flowchem, Indian Oil Corporation Ltd., Innospec, Jiangyin Huaheng Auxiliary Co., Ltd., Liquid Power Specialty Products Inc., NuGenTec, The Zoranoc Oilfield Chemical, China National Petroleum Corporation, Partow Ideh Pars Co. (P.J.S), The Lubrizol Corporation, and SUPERCHEM Surface Chemistry Co., Ltd

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the Global Drag Reduction Agent (DRA) Market Market Research Report provides forecasts and future market projections, equipping businesses with the necessary tools to plan ahead. The report’s forward-looking approach, backed by data-driven predictions, ensures that companies can navigate the evolving market landscape with confidence. Through a combination of current market analysis and future outlook, the report serves as an invaluable resource for businesses aiming for long-term success.

Based on types, the market is segmented into

Product Outlook (Revenue, USD Million; 2019-2032) High Viscosity Glue Low Viscosity Glue Ingredient Outlook (Revenue, USD Million; 2019-2032) Polymers Solid Particle Suspensions Surfacants Biological Additives Application Outlook (Revenue, USD Million; 2019-2032) Crude Oil Heavy Asphaltic Crude Multiphase Liquid Refined Products Regional Outlook :

The growth of the Drag Reduction Agent (DRA) Market Market on a global scale is influenced by region-specific dynamics. North America and Europe lead with technological innovation and solid regulatory environments, though supply chain challenges and compliance issues are present. In the Asia-Pacific region, especially in China and India, rapid urbanization and heightened consumer demand are fueling expansion. Meanwhile, emerging markets in Latin America, the Middle East, and Africa present growth potential, driven by economic reform and investment, yet face significant obstacles in the form of political instability and underdeveloped infrastructure.

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