Press release
Global Fracking Fluids and Chemicals Market Analysis: Growth, Trends, and Forecast (CAGR 9.3%) for the Years 2015-2025
Fracking Fluids and Chemicals Market
The Fracking Fluids and Chemicals Market is an ever-growing industry that has become increasingly important in recent years. Fracking, or hydraulic fracturing, involves the injection of fluids and chemicals into subterranean rock formations to release fossil fuels. This process requires special types of fluids and chemicals, which were traditionally sourced from oilfield services companies.
Market Overview:
The global fracking fluids and chemicals market is expected to grow at a CAGR of 9.3% from 2015 to 2025. The increasing demand for energy and the growing shale gas industry are the primary factors driving the market's growth. In addition, the increasing focus on reducing greenhouse gas emissions and increasing energy efficiency is expected to boost the demand for fracking fluids and chemicals in the coming years.
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Global Fracking fluids and chemicals Market: Drivers and Restraints
The changing trend of drilling wells towards horizontal drilling is expected to drive the growth of global market for fracking fluids and chemicals. Over the recent past, there has been a significant increase in horizontal fracking activity. This activity necessitates a relatively larger amount of fracking fluids and chemicals. As such, the demand for fracking fluids and chemical has witnessed a steady growth. The trend is expected to continue over the forecast period.
The increasing demand for energy needs more exploration which in turn results in increasing demand for fracking fluids and chemicals. Backflow of the water or fracking fluid to the surface contaminates the surface and ground water. Thus, strict environmental regulations and alternatives to fracking fluids are major factors that are expected to restrain the growth of fracking fluids and chemicals market during the forecast period.
Global Fracking fluids and chemicals Market: Segmentation
Basis product type
• Water based fluids
• Oil based fluids
• Synthetic based fluids
• Foam based fluids
Basis of function
• Friction reducer
• Biocides
• Clay control agent
• Gelling agent
• Cross-linkers
• Breakers
• Buffers
• Surfactants
• Others
Global Fracking fluids and chemicals Market: Region - wise outlook
The global fracking fluids and chemical market is segmented into seven geographical regions namely North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Asia-Pacific (excluding Japan) and Japan. Increasing oil & gas exploration activity in North America has resulted in the region accounting for a largest share in global fracking fluid and chemical market. Although hydraulic fracturing activity is relatively slower in Asia Pacific region, the region is expected to register a robust growth over the forecast period.
Global Fracking fluids and chemicals Market: Key players
• Baker Hughes Incorporated
• Halliburton Company
• Schlumberger Ltd
• du Pont de Nemours and Company
• Pioneer Engineering Services
• BASF SE
• The Dow Chemical Company
• Akzo Nobel N.V.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, and applications.
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The report covers exhaustive analysis on:
• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
Regional analysis includes
• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographie
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint
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About us:
The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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