Press release
Fracking Fluid and Chemical Market 2018-2025 Industry Analysis by Top Leaders - BASF SE, Baker Hughes Incorporated, I. du Pont de Nemours and Company, Schlumberger Ltd, Dow Chemical Company, Ashland Inc., Calfrac Well Services Ltd
Fracking Fluid and Chemical Market
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The key players operating in the fracking fluid and chemical market are –
• BASF SE
• Baker Hughes Incorporated.
• du Pont de Nemours and Company
• Schlumberger Ltd
• Dow Chemical Company
• 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.
Competitive Landscape:
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.
Market Analysis:
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.
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
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.
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Report Segmentation:
By Fluid Type
• Water-Based
• Foam-Based
• Gelled Oil-Based
• Slick Water-Based
• Synthetic based
• Others
By Well Type
• Vertical
• Horizontal
By Function Type
• Cross-Linkers
• Gelling Agent
• PH Adjusting Agent
• Biocide
• Surfactant
• Friction Reducer
• Corrosion Inhibitor
• Breaker
• Clay Stabilizer
• Acid
• Iron Control Agent
• Scale Inhibitor
• Others
By Geography
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• UK
• Italy
• Spain
• Switzerland
• Netherlands
• Turkey
• Belgium
• Russia
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• South Korea
• Australia
• Singapore
• Thailand
• Malaysia
• Indonesia
• Philippines
• Rest of Asia Pacific
• South America
• Brazil
• Rest of South America
• Middle East & Africa
• South Africa
• Rest of Middle East and Africa
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Market Drivers:
• 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)
Market Restraint:
• Strict environmental and governmental regulations towards fracking fluids
• Public anxieties with regards to the effects of hydraulic fracturing
Global Fracking Fluid and Chemical Market Report Synopsis
1. To analyze the market size of the market and infer the key trends from it.
2. Industry Chain Suppliers of Global Fracking Fluid and Chemical Market with Contact Information
3. The key findings and recommendations highlight crucial progressive industry trends in the Global Fracking Fluid and Chemical Market, thereby allowing players to develop effective long term strategies
4. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Global Fracking Fluid and Chemical Market
5. Comprehensive quantitative analysis of the industry is provided for the period of 2018-2025 to assist stakeholders to capitalize on the prevailing market opportunities.
Key Questions Answered In This Report
1. What will the market size be in 2025 and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
6. What are the market opportunities and threats faced by the key vendors?
Download Detailed TOC @ https://databridgemarketresearch.com/toc/?dbmr=global-fracking-fluid-and-chemical-market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
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Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
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