A15600 | Pages: NA | Jul 2022 | 360 Views | | |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Drag Reducing Agents Market
Request Now !Drag reducing agents are high-molecular-weight substances that are injected into a pipeline to reduce turbulence and thereby boost the pipeline's capacity and efficiency. Turbulence in pipelines is caused by friction or interaction between the moving fluid and the pipe wall. Reduced drag agents limit the amount of interaction and contact between the wall and the fluid. In the oil sector, drag-reducing chemicals are commonly used. Drag reduction chemicals are prone to breakdown due to their high molecular weight. Many end-user sectors, including chemicals and petrochemicals, oil and gas, agriculture, electricity and energy, and others, utilize drag reduction compounds.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available for Years | 2020-2030 |
Base Year Considered | 2020 |
Forecast Period | 2021-2030 |
Forecast Unit | Value (USD) |
Segments Covered | Product Type, Application, End-User Industry and Region |
COVID-19 Impact analysis
Top Impacting Factors
The market for drag reduction agents is expected to expand at a rapid pace. Drag-reducing agents are becoming more popular in the medical field. They are used to treat tumor cells that have spread. This keeps prospective cancer cells from settling and deprives them of nourishment. The increase in demand for crude oil as a result of the expansion of end-use industries such as energy generation, oil and gas and petrochemicals are driving the drag reducing agents market. This is boosting the demand for these agents in the transportation, extraction and refining of crude oil. Companies in the drag reducing agents market are increasingly focused on biomaterials that can operate as drag reducing agents, such as plant polysaccharides. Plant polysaccharides are more resistant to the mechanical degradation that drag-reducing compounds go through. Polysaccharides derived from the aloe vera plant and okra have been discovered to have more mechanical resistance than many manufactured drag reducing agents.
Market Trends
Key Benefits of the Report
Key Market Segments
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Key Market Players
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