Global Fracking Fluid and Chemical Market, By Fluid Type (Water-Based, Foam-Based, Gelled Oil-Based, Slick Water-Based, Synthetic based, Others), Well Type (Vertical, Horizontal), By Function Type (Cross-Linkers, Gelling Agent, PH Adjusting Agent, Biocide, Surfactant, Friction Reducer), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Fracking Fluid and Chemical Market
The Global Fracking Fluid and Chemical Market is expected to reach USD 52.22 billion by 2025, from USD 23.49 billion in 2017 growing at a CAGR of 10.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Fracking Fluid and Chemical Market
Fracking fluid and chemical are used in hydraulic fracturing. Hydraulic fracturing is a process of breaking underground rock carried out by inserting fluid with sand and additives by pressure to release natural oil and gas. Fracking fluid and chemical are used in minimizing the pressure loss occurring due to friction. In hydraulic fracturing, fracking fluid and chemical different capacities are used, for example preventing corrosion, dissolving the minerals and keeping up the thickness of liquid. Volatile organic constituents are found to be present in fracturing fluid flow back wastes, which surpass the levels of drinking water models. 1, 2-Dichloroethane, a volatile organic compounds is present in a fracturing fluid flowback wastes. For instance, from Texas, examining of flow back tests has uncovered concentrations of 1, 2-Dichloroethane at 1,580 ppb which is excess of 316 times of EPA’s maximum contaminant level in drinking water. One of the factors which led to drive the fracking fluid and chemical market is continuous product advancement. For instance, Energy Recovery Inc. has launched a VorTeq for hydraulic fracturing industry which will help in reduction of maintenance costs and with increased runtime by redirecting abrasive fluid away from prevailing hydraulic fracturing pumps.
- Increasing demand of fracking fluid and chemical due to the rise in horizontal fracking activity
- Rising demand for energy with respect to growing industrialization and more exploration
- Continuous product advancement consisting non-toxic foams and drilling fluids as an alternative towards toxic oil based fluid (OBF),
- Strict environmental and governmental regulations towards fracking fluids
- Public anxieties with regards to the effects of hydraulic fracturing
Segmentation: Global Fracking Fluid and Chemical Market
By Fluid Type
- Gelled Oil-Based
- Slick Water-Based
- Synthetic based
By Well Type
By Function Type
- Gelling Agent
- PH Adjusting Agent
- Friction Reducer
- Corrosion Inhibitor
- Clay Stabilizer
- Iron Control Agent
- Scale Inhibitor
- North America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East and Africa
Competitive Landscape: Global Fracking Fluid and Chemical Market
The global fracking fluid and chemical market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fracking fluid and chemical for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Fracking Fluid and Chemical Market
The key players operating in the fracking fluid and chemical market are –
- BASF SE
- Baker Hughes Incorporated.
- I. du Pont de Nemours and Company
- Schlumberger Ltd
- Dow Chemical Company
The other players in the market are Halliburton Company, Pioneer Engineering Services, Ashland Inc., Calfrac Well Services Ltd., Chevron Phillips Chemical Company, Albemarle Corporation, FTS International, Weatherford International, Clariant, SNP, Inc among others.
Research Methodology: Global Fracking Fluid and Chemical Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your Inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the fracking fluid and chemical market
- Analyze and forecast the fracking fluid and chemical market on the basis of application and end user
- Trends of key regional and country-level markets for application and end user
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.