Drag Reducing Agent Market Size

Drag Reducing Agent Market size is poised to reach USD 20 billion by the end of 2035, growing at a CAGR of 8% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of drag reducing agent was over USD 10 billion. The growth of the DRA market is estimated to be influenced by factors such as fluctuations in oil and gas prices, advancements in DRA technology, increased focus on sustainability, and regulatory changes. The demand for DRAs is expected to continue to grow in tandem with the expansion of pipeline infrastructure and the need for more efficient fluid transportation.

DRAs are chemicals or additives used in pipelines for the transportation of crude oil, natural gas, and other fluids. They are designed to reduce the frictional resistance between the fluid and the pipeline's inner surface. By doing so, DRAs help increase the flow rate and reduce energy consumption in pipeline operations. The main drivers for the DRA market included the growth of the oil and gas industry, increased pipeline transportation, and the need to improve the efficiency of fluid transportation systems.