Global Fracking Fluids and Chemicals Market
The global Fracking Fluids and Chemicals market was valued at USD 5.91 billion in 2016 and is projected to reach USD 13.70 billion by 2025, growing at a CAGR of 9.8% from 2017 to 2025.
Fracking fluids and chemicals are products that are used in the process of hydraulic fracturing. These chemicals aid in increasing the quantity of hydrocarbons that can be extracted. These products also aid in improving the yield and quality of the final product. The steady rise in oil exploration activities is expected to boost market demand.
1. Market Drivers
1.1 Energy Security Offered By Domestic Supply of Natural Gas
1.2 Increasing Production Rates
2. Market Restraints
2.1 Public concerns regarding ill effects of hydraulic fracturing
2.2 Contamination concerns and water availability
The global Fracking Fluids and Chemicals market is segmented on the fluid type, well type, applicationand region.
1. By Fluid Type:
1.1 Slick water based
1.2 Foam based
1.3 Gelled oil based
2. By Well Type:
3. By Application:
3.1 Friction Reducer
3.2 Gelling Agent
3.3 Scale Inhibitor
3.6 Clay Stabilizer
3.8 Cross Linkers
3.9 Iron Control Agent
3.11 Corrosion Inhibitor
3.12 Iron Control Agent
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Ashland Inc.
2. Akzonobel NV
3. Baker Hughes
4. Halliburton Co.
5. Schlumberger Ltd.
6. BASF SE
7. Calfrac Well Services
8. Chevron Philips Chemical Company
10. EI Du Pont De Nemours
11. FTS International
12. Albemarle Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Fracking Fluids and Chemicals market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. 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.
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