Hydraulic Fracturing & Services Market Size 2018-2025: Schlumberger, Redox Tech, Halliburton Co, Keane Group

The global hydraulic fracturing market was estimated at USD 26.88 billion in 2017 and is witnessing a positive growth of more than 11.5% during short term period of 2019-2021. This growth will likely show a deceleration post 2022 owing to an expected supply surge which is shaping up in the global market.

Top key vendors in Hydraulic Fracturing & Services Market include are Halliburton Co, Baker Hughes Inc, FTS International Inc, Schlumberger, Superior Well Services, Cudd Energy Services, Canyon Services Group Inc, Trican Well Service, Calfrac Well Services, China National Petroleum Corporation, Weatherford International, United Oilfield Services, Redox Tech, TOPS Well Services, Keane Group.

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IMF predicts, oil and gas exploration would likely suffer a blow during the period 2023-2027 owing to subtle policies being shaped up in oil and gas economic region and the current affair of geo politics. Another factor that would see decline in explorations in the future would be strong growth of the renewable sector. Competitive pricing and efficiency driven technologies in the renewable sector would likely see demand for oil and gas for electricity consumption decline significantly.

Friction reducer and Anti-Bacterial segments are likely going to show the highest growth rate in accordance to this market. The demand for this market is estimated by keeping proper leverage on the availability of the raw materials, its sourcing cost, exploration area & capacity and environmental norms.

Demand for drilling fluid differs from region to region owing to governmental and environmental norms as well as drilling area. Costs of procuring the raw materials have gone down as the supply vertical have shown improvement and an increase of 2.1% since 2017. Demand curve still exhibits a flat line although showing upward trajectory for the end of 2018 and the beginning of 2019.

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Technology Scenario (Revenue, USD Million; 2016–2025)

• Plug & Perf
• Sliding Sleeve

Drilling Fluid Scenario (Revenue, USD Million; 2016–2025)

Acid, Corrosion Inhibitor, Iron Control, Anti-Bacterial Agent, Scale Inhibitor, Friction Reducer, Surfactant, Gelling Agent, Others

By Chemicals (Revenue, USD Million; 2016–2025)

HCL, Ammonium Chloride, Sodium Chloride, Magnesium Peroxide, Tetra methyl Ammonium Chloride, Formic Acid, Others

By Material (Revenue, USD Million; 2016–2025)

Resin Coated, Frac Sand, Proppant, Ceramic, Water, Cement

Key points from TOC

9 Global Hydraulic Fracturing & Services Players/Suppliers Profiles and Sales Data

9.1 Halliburton Co
9.1.1 Company Basic Information, Manufacturing Base and Competitors
9.1.2 Hydraulic Fracturing & Services Product Category, Application and Specification
9.1.2.1 Product A
9.1.2.2 Product B
9.1.3 Halliburton Co Hydraulic Fracturing & Services Sales, Revenue, Price and Gross Margin (2013-2018)
9.1.4 Main Business/Business Overview

9.2 Baker Hughes Inc
9.2.1 Company Basic Information, Manufacturing Base and Competitors
9.2.2 Hydraulic Fracturing & Services Product Category, Application and Specification
9.2.2.1 Product A
9.2.2.2 Product B
9.2.3 Baker Hughes Inc Hydraulic Fracturing & Services Sales, Revenue, Price and Gross Margin (2013-2018)
9.2.4 Main Business/Business Overview

9.3 FTS International Inc
9.3.1 Company Basic Information, Manufacturing Base and Competitors
9.3.2 Hydraulic Fracturing & Services Product Category, Application and Specification
9.3.2.1 Product A
9.3.2.2 Product B
9.3.3 FTS International Inc Hydraulic Fracturing & Services Sales, Revenue, Price and Gross Margin (2013-2018)
9.3.4 Main Business/Business Overview

Continue..

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