Market Summary
According to the current analysis of Reports and Data, the global DRA market was valued at USD 930.4 million
in 2018 and is expected to reach USD 2.04 Billion by year 2026, at a CAGR of 10.2%. The study segments the
global DRA market based on product type, product, application, and end-use. The research takes a closer look
at prominent driving factors responsible for this 10.2% CAGR. The study also analyses the market share of
each region, company, and product. The report also presents constraints, opportunities, threats, challenges,
and Investment opportunities prevailing in the market.
DRA market is that it largely depends on other industries like oil & gas fracturing, which is its primary
restraining factor. This implies that as the oil & gas industry fluctuates so will the DRA market. Since numerous
corporations are shifting towards environmental-friendly practices, the oil & gas industry is predicted to fall,
therefore hampering this market.
Further key findings from the report suggest:
•Currently, the market is estimated at USD 930.4 million and is predicted to grow at a CAGR of 10.2%,
forecasting global valuation at 2.04 Billion USD in 2026.
•The major driving forces are the growth in oil & gas expeditions, chemical refinement, and agricultural
activities. All these activities involve the passing of some sort of fluid through a tube which is where DRA’s come
into play. It reduces the friction inside the pipe, allowing efficient flow of fluid through these tubes.