Fracking Fluid and Chemical Market is Growing Rapidly by Top Key Players FTS International, Albemarle Corporation, Chevron Phillips Chemical Company, Calfrac Well Services, Ashland, Halliburton, The Dow Chemical Company, Schlumberger, BASF

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.

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Key Market Competitors:

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.

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.

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Research Methodology:

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.

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

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

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