Fracking Chemicals Market Size Estimated To Reach USD 65 Billion By 2026 | Top Key Players - Calfrac Well Services Ltd., Albermarle Corporation, Akzo Nobel N.V.

Global Fracking Chemicals Market is anticipated to reach over USD 65 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the horizontal well segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

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A significant growth in urbanization, population increase, and industrialization along with government initiatives and funding is expected to support the growth of fracking chemicals market. Other driving factors include growing demand for natural gas as a fuel and favorable regulatory policies. Increasing demand from developing nations, development of environment-friendly fracking chemicals, and technological advancements are expected provide numerous growth opportunities to fracking chemicals market players during the forecast period.

Fracking Chemicals Market by Fluid Type
• Foam-Based Fluids
• Water-Based Fluids
• Oil-Based Fluids
• Others

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North America generated the highest revenue in the fracking chemicals market in 2017, and is expected to lead the global market throughout the forecast period. The high economic growth in the region, growth in drilling and exploration industries, and growing energy demand are factors expected to drive the fracking chemicals market growth. Increasing disposable incomes, growing urbanization, and increasing industrialization in countries of North America are further expected to support fracking chemicals market growth. Rising shale gas explorations, and rising demand for natural gas as fuel in the region are expected to further provide growth opportunities during the forecast period.

Fracking Chemicals Market Top Key Player:

Halliburton Co.,
E.I. Dupont De Nemours & Co.,
BASF SE,
Chevron Phillips Chemical Company,
Baker Hughes Incorporated,
The DOW Chemical Company,
Calfrac Well Services Ltd.,
Albermarle Corporation,
Akzo Nobel N.V.,
Schlumberger Ltd.

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About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

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Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.