Hydraulic Fracturing & Services Market Key Players 2025 - Weatherford International, United Oilfield Services, Redox Tech, TOPS Well Services, 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.

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Demand for oil and gas from the automobile and the petrochemical sector would be in its peak during the period 2028-2030. However an anticipated 1.6% decline in demand would continue moving forward from 2020 owing to environmental norms and efficiency models among the automobile industry

Hydraulic fracturing’s largest market is North America owing to its vast resources of shale gas deposit. However, estimates and prediction indicates that this market might shift courses in the African and the South American countries to avoid high exploration cost, long lead times and low cost reserves which the mentioned regions are currently shaping their policies to offer.

Market Segment by manufacturers, the report covers the following companies:
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

Drilling Fluid and Type:
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.

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Chemicals Insight
Specialty chemicals used in hydraulic fracturing process are witnessing a surge in demand from since June 2016 owing to increase in production activities post the disappointing year of 2015. Trading activities on Guar gum saw a significant increase in 2017 from the South East Asian market with significant exports to the U.S. and Canada. Europe export volume also showed optimistic recovery with respect to guar gum.

Competitive Insights:
This market has high entry barriers owing to large capital cost. This market is also severely regulated owing to environmental concerns with components used in drilling process. Mergers and acquisitions usually takes place to for technological synergies and not to increase regional presence. Baker Hughes and Halliburton merger was terminated owing to analyst speculation that this would create a higher price for oil field services, therefore indicating that this market is under constant scrutiny.

There are 16 Chapters to deeply display the Hydraulic Fracturing & Services market.

Chapter 1 covers the Hydraulic Fracturing & Services Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2 talks about the top manufacturers and analyses their sales, revenue and pricing decisions for the duration 2018 and 2025;

Chapter 3 displays the competitive nature of the market by discussing the competition among the top manufacturers. It dissects the market using sales, revenue and market share data for 2018 and 2025;

Chapter 4, shows the global market by regions and the proportionate size of each market region based on sales, revenue and market share of Hydraulic Fracturing & Services, for the period 2018- 2025;
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This release was published on openPR.