Drag Reducing Agent market share to be valued over USD 1513.4 Million by 2025

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Drag Reducing Agent market revenue share is predicted to increase at a CAGR of 9.6 % over the course of the upcoming five years, consequently pulling the overall market value up to 1513.4 Million USD by 2025, from 1048.9 Million USD in 2019.

Drag Reducing Agent Market

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The latest report on Drag Reducing Agent market meticulously analyses crucial aspects including key trends and growth drivers, assisting the businesses, marketers, and stakeholders better understand this domain. Besides, it suggests methods to effectively manage the existing as well as upcoming challenges in this business sphere. Further, the document highlights the consumption and production aspects to project market performance over the assessment period.

Drag Reducing Agent Market Report Coverage
Report Covrage Details
Base Year: 2019
Market Size in 2019: 1048.9 Million (USD)
Forecast Year: 2025
Forecast Value: 1513.4 Million (USD)
CAGR: 9.6%
By Application: Oil & Gas Industry, Chemical Transportation
By Product: High Viscosity Glue, Low Viscosity Glue, Rubber Latex
By Key Players: LiquidPower Specialty Products, DESHI, Innospec, Flowchem, Sino Oil King Shine Chemical, GE(Baker Hughes), Superchem Technology, NuGenTec, Oil Flux Americas, Qflo, The Zoranoc Oilfield Chemical, CNPC

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Executive Summary:

The Drag Reducing Agent market research report provides a complete examination of this industry with regards to key factors driving market growth, as well as the ones hampering it. Moreover, it identifies the key opportunities and makes predictions for the performance of the marketplace during 2019-2025.

Expert analysts cite that the Drag Reducing Agent market is projected to grow at a yearly rate of 9.6% during the forecast period.

The report also includes information about regional markets, competitive landscape and factors affecting the sub-markets. Furthermore, it scrutinizes the effects of the pandemic on market valuation and growth.

Market Overview:

Geographical analysis snapshot

  • The report provides information about economic conditions of the major countries and their impact on overall market growth in the forecast period.
  • Regional market share and consumption growth rate are included in the report as well.

Product terrain overview

  • The report segregates the product gamut of the Drag Reducing Agent industry into High Viscosity Glue, Low Viscosity Glue, Rubber Latex.
  • Market share captured by each product type is given in the report.
  • The document also includes detailed data about pricing, market share of and revenue of each product category.

Application scope rundown

  • The application range of the Drag Reducing Agent market is classified into IIII.
  • Predictions about consumption share and valuation of each application type over the forecast period is cited in the report.
  • Market share secured by each application type is also documented.

Competitive landscape outline

  • Key companies defining the competitive landscape of the Drag Reducing Agent market are LiquidPower Specialty Products, DESHI, Innospec, Flowchem, Sino Oil King Shine Chemical, GE(Baker Hughes), Superchem Technology, NuGenTec, Oil Flux Americas, Qflo, The Zoranoc Oilfield Chemical, CNPC.
  • The report includes exhaustive information about the products offered by these companies, their pricing model, modes of distribution, and areas of operation.
  • Statistical data regarding pricing model, revenue generated, sales, and gross margins of leading companies are hosted in the study.
  • Particulars about mergers, acquisitions, collaborations, investments, partnerships, and entry of new firms are also incorporated in the report.

Frequently Asked Questions (FAQ) :

Drag Reducing Agent market size is expected to grow at a CAGR of 9.6% over the forecast period.
The registered VALUE Million USD for Drag Reducing Agent market was 1048.9 Million USD in 2019.
According to report, Drag Reducing Agent market size is estimated to be pegged at 1513.4 Million USD by 2025.

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