Middle East & Africa Hydraulic Fracturing Market
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The Middle East & Africa hydraulic fracturing market size in 2024 was valued at USD 2.1 billion and is estimated to grow at a CAGR of 8.6% from 2025 to 2034. The hydraulic fracturing market is expanding due to increasing energy demand driven by industrial and commercial sector growth.
Declining production from conventional wells and an increasing number of mature fields along with implementation of foreign direct investment provisions and various financial incentives, including tax benefits will contribute to the industry growth. Hydraulic fracturing is a well stimulation technique that creates fractures in rock formations to enable hydrocarbon flow to the surface. The process involves pumping high-pressure fluids containing proppants including ceramic pellets and sand, water, and chemical additives to expand fractures within rock formations.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Middle East & Africa Hydraulic Fracturing Market size in 2024: | USD 2.1 billion |
| Forecast Period: | 2025 to 2034 |
| Forecast Period 2023 - 2032 CAGR: | 8.6 |
| 2023 Value Projection: | USD 5 Billion |
| Historical Data for: | 2021 – 2024 |
| No of Pages: | 95 |
| Tables, Charts & Figures: | 12 |
| Segments Covered: | Technology, Well, Application and Country |
| Growth Drivers: |
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| Pitfalls Challenges: |
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Middle East & Africa hydraulic fracturing industry is set to grow owing to rising energy demand from various industries, driven by rising population and urbanization growth. Rising demand for oil and gas across the emerging nations coupled with of exploration of unconventional oil and gas resources, including shale gas, coal bed methane, and tight oil, wis augmenting the industry outlook.
For instance, in May 2024, ADNOC Drilling entered into a USD 1.7 billion agreement to access unconventional oil and gas resources in UAE. The company formed Turnwell Industries through a partnership with U.S.-based companies SLB and Patterson-UTI Energy. These unconventional sources encompass offshore deposits, oil sands, shale formations, tight reservoirs, and gas hydrates.
Plug and perforation segment is anticipated to grow over USD 3.7 billion by 2034. The technique involves deploying a bridge plug and perforating guns using wireline, which is commonly used in conventional fields and wells with cemented liners. The method's effectiveness in horizontal wells and widespread adoption in cased hole wells contribute to its growing implementation in the industry.
Middle East & Africa hydraulic fracturing market from horizontal segment is anticipated to witness a CAGR of over 9% by 2034. The horizontal hydraulic fracturing market is expected to grow due to its extensive use in extracting unconventional hydrocarbon resources and the increasing number of shale development projects. The method offers higher productivity compared to vertical drilling and enables access to surrounding natural gas deposits further augmenting the business dynamics. Increasing adoption of well stimulation technologies and the need to enhance production from existing wells and government measures to boost domestic production and maintain supply security is complementing the industry outlook
Saudi Arabia hydraulic fracturing market is set to grow over USD 600 million by 2034. Availability of substantial proven reserves across the nation, along with increasing inclination to maximizing production from mature oilfields. Shifting focus on shale oil resources, technological improvements in extraction methods and reservoir management is playing crucial role in optimizing resource utilization. Rising number of low-pressure oil wells that require specialized extraction techniques and increasing energy consumption patterns continues to create sustained demand for oil products across industrial, transportation, and residential sectors.
The discovery of new oil and gas fields, together with R&D investments by major oilfield service companies toward increasing domestic production capacity and reduced dependence on Russian gas will positively influence the business dynamics. For instance, in July 2024, Recent exploration efforts by Saudi Aramco revealed seven new oil and gas discoveries in the Eastern Province. These include fields like Ladam, Al-Farouk, Mazalij, Al-Jahaq, Al-Katuf, Hanifa, and Al-Fadhili, significantly expanding the nation’s hydrocarbon production capabilities.
Major companies in the Middle East & Africa hydraulic fracturing industry are focusing on consolidation and research and development investments as primary growth strategies to maintain competitiveness. However, high capital requirements and fluctuating oil prices present significant challenges for market participants. Moreover, significant contracts by several authorities across the region is creating a favorable environment for companies to capture a larger market share.
Major players operating across the industry include:
Market, By Technology
Market, By Well
Market, By Application
The above information has been provided for the following countries:
The Middle East & Africa hydraulic fracturing industry was valued at USD 2.1 billion in 2024 and is projected to grow at a CAGR of 8.6% from 2025 to 2034, driven by increasing energy demand due to industrial and commercial sector growth.
The plug and perforation segment is expected to surpass USD 3.7 billion by 2034, supported by its effectiveness in horizontal wells and widespread adoption in cased hole wells.
The Saudi Arabia hydraulic fracturing market is projected to exceed USD 600 million by 2034, driven by substantial proven reserves, a focus on maximizing production from mature oilfields, and advancements in shale oil extraction technologies.
Key players in the market include ADNOC, Baker Hughes, Calfrac Well Services, ConocoPhillips, Dubai Petroleum, ExxonMobil, Halliburton, NESR, NOV, SLB, Tacrom Services, TAQA, and TechnipFMC.