Fracking Fluid & Chemicals Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI1721

Summary Methodology

Fracking Fluid & Chemicals Market size is projected to witness significant growth owing to growth in exploration and development of oil & gas extraction reserves across the world. The need of fuel is significantly rising due to high consumption from local as well as industrial front.

Increase in research & development activities for manufacturing eco-friendly fluids and chemicals is estimated to drive fracking fluid & chemicals market. Rising demand for electricity and fuels is expected to propel the product demand owing to high demand for fuel from industrial and domestic front to cater to growing population worldwide.

Shift in trend towards horizontal drilling will enhance fracking fluid & chemicals market growth. Advance horizontal drilling provides a systemic mechanism to recover the unusual shale reserves with hydraulic fracturing technology. Furthermore, this technology is applying a lot of as compared to vertical drilling.

Fracking fluid & chemicals are a group of water, chemicals and sand. It composition is exceptional to each industry player as they alter the structure according to their needs depending upon the presence of surface water or ground water in the manufacturing plant. Selection of fracking mixture majorly depends on the area and regulations instructed by local as well as state governments. It is used to reduce the pressure loss due to friction, which generates enough pressure drop to well maintain stability of the mixture. Adding additives in hydraulic fracturing deliver various functions including dissolving minerals, preventing scale deposition, maintaining fluid viscosity, corrosion resistance, stabilizing the product and dissolving minerals.

The product is available in three forms including, fluid, well and function type. The fluid segment includes water, foam and gel oil based fluid. The well type segment is divided into vertical well and horizontal type. It is used in different applications which include friction reducer, corrosion inhibitor, surfactant, gelling agent, clay inhibitors, breaker, iron control agent, cross-linkers, pH adjusting agent, acid, clay stabilizers, surfactant, biocide and biocide. Corrosion inhibitor is the fastest growing fracking fluid & chemicals application segment owing to high acceptability of corrosion inhibitors in several end user applications including oil & gas and power generation industry to lower the chances of explosion due to corrosion. However, environmental and industrial hazards by fracturing may restraint the industry growth.

North America holds major share in fracking fluid & chemicals market due to rise in fraction practices in oil & natural extraction from plentiful reserves present in the region. Also, new reserves are explored and much needed technological enhancement is taken up by various key companies in the region to increase their production rates of oil and natural gas wells.

Asia Pacific fracking fluid & chemicals market is anticipated to witness the fastest growth owing to substantial development in technology and rising necessity for energy resources. China is a prominent player in shale gas reserves which requires high usage of fracking fluid & chemicals. Shale gas needs vast amounts of horizontal drilling to shelter a large surface area to obtain high production rates of gas, thus propelling industry demand for horizontal drilling applications. High economic and industrial growth is also fostering the rise in fracking fluid & chemicals market demand in the region.

Emergence of technologies including horizontal drilling and hydraulic fracturing positively impact the high competition in the industry. Major player possessing vast manufacturing facilities coupled with large territorial presence accounts for significant fracking fluid & chemicals market shares. With the development in innovations and technology the industry is expected to observe intense competition.

Some of the key fracking fluid & chemicals market players include Baker Hughes, Schlumberger, Ashland, Weatherford International and Halliburton. Other prominent players are BASF, Chevron Phillips Chemical, Albemarle, Clariant, AkzoNobel, Calfrac Well Services, FTS International, Dow Chemical Company, EOG Resources, Dupont and Pioneer Natural Resources.

Companies are adopting various strategies to capture fracking fluid & chemicals market emerging market including, mergers, acquisitions and new product launch. In 2015, American conglomerate, DuPont and Dow Chemicals Company, an American multinational chemical firm entered into an agreement, by merging the stocks. This strategy focused to expand agriculture, specialty chemicals and material science businesses through a series of tax efficient deal.

What Information does this report contain?

Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

 Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X