Drag Reducing Agent for Chemical Application Market
Drag Reducing Agent for Chemical Application
Market Scope: Industry Analysis, Market Size,
Growth, Trends Till 2031
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Drag Reducing Agent for Chemical Application Market Size and Growth
The Drag Reducing Agent for Chemical Application market is experiencing significant growth, driven by increasing demand in oil and gas sectors. The global market size is projected to reach approximately $X billion by 2030, reflecting a CAGR of Y%. Key factors include enhanced fluid efficiency and cost reduction in transportation processes.
Companies Covered
(Covid 19 Impact Covered)
◍ LSPI
◍ Flowchem
◍ GE(Baker Hughes)
◍ Innospec
◍ Oil Flux Americas
◍ NuGenTec
◍ Sino Oil King Shine Chemical
◍ DESHI
◍ Qflo
◍ Superchem Technology
◍ The Zoranoc Oilfield Chemical
◍ CNPC
The Drag Reducing Agent market features key players like LSPI, Flowchem, GE (Baker Hughes), and Innospec, which enhance flow efficiency in chemicals. Their innovations improve pipeline performance, driving market growth. Companies such as Oil Flux Americas and NuGenTec contribute through tailored solutions. Revenue figures include:
- GE (Baker Hughes): $23 billion
- Innospec: $1.5 billion
- Flowchem: Estimated at $300 million.
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Market Segmentation
By Application
Chemical Synthesis
Chemical Transmission
Others
By Product
◍ High Viscosity Glue
Low Viscosity Glue
Rubber Latex
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Market Growth
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$ X Billion USD
