Press release
Eco-Friendly Fracking Chemicals Market is Forecasted to Reach USD 9,948 Million in 2025, Says Stratview Research
Stratview Research
Stratview Research, a global market research firm has launched a report on the global Eco-Friendly Fracking Chemicals Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report: https://www.stratviewresearch.com/Request-Sample/814/eco-friendly-fracking-chemicals-market.html#form
Report Highlights: `
Market Size in 2025: USD 9,948 million
Growth (CAGR): 7.6% during 2020-2025
Forecast Period: 2020-2025
Trend Period: 2014-2018
Base Year: 2019
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Eco-Friendly Fracking Chemicals Market:
The global Eco-Friendly Fracking Chemicals Market is segmented by chemical type, fluid type, well type and region
Based on chemical type: The eco-friendly fracking chemicals market is segmented based on the type of chemicals as gelling agent, crosslinker, surfactant, friction reducer, and others. Gelling agent dominated the market because of the use of a large amount of gelling agent in linear gel and crosslinked gel fracking fluids. Furthermore, there is a sheer interest in the use of the eco-friendly gelling agents in the industry. Guar gum is biodegradable and an environmentally friendly gelling agent. Friction reducer is the fastest-growing segment, owing to its use in slickwater fracking fluid.
Based on the fluid type: The eco-friendly fracking chemicals market is segmented as slickwater, linear gel, and crosslinked gel fracking fluid. Slickwater is expected to remain the largest as well as the fastest-growing segment during the forecast period. Various benefits offered by slickwater fracking fluids, such as better production results at a reduced cost, make it the dominant segment.
Based on the well type: The eco-friendly fracking chemicals market is segmented as horizontal well and vertical well. Horizontally drilled well dominated the market in 2019 and is anticipated to maintain its dominance over the next five years as well. For the past few years, the share of the hydraulically fractured horizontal wells has constantly been increasing because of their various benefits including an efficient extraction of oil and natural gas and reduced surface impact as several wells can be drilled from one location.
To know the most attractive segments, click here for a free sample of the report: https://www.stratviewresearch.com/Request-Sample/814/eco-friendly-fracking-chemicals-market.html#form
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests North America is expected to maintain its dominance in the global market during the forecast period. This growth outlook is majorly attributed to the following-
• Driven by the highest number of hydraulically fractured wells in the region coupled with the presence of major eco-friendly fracking chemical manufacturers
• Increasing awareness regarding the use of environmentally friendly fracking chemicals, and a large amount of technically recoverable shale oil and gas reserves in the region.
• The USA is not only the largest market in North America but also in the world.
During the same period, Asia-Pacific is projected to grow at the highest rate, driven by increasing investments in the exploration and production of oil and natural gas in China and rising concern for protecting the environment from the harmful effects of fracking chemicals. China owns the highest technically recoverable shale gas reserves (31.6 trillion cubic meters).
Eco-Friendly Fracking Chemicals Market Drivers:
The growth of the Eco-Friendly Fracking Chemicals Market is driven by several factors.
• Increasing awareness regarding the use of environmental-friendly fracking chemicals,
• Recuperating crude oil prices along with an increasing share of hydraulically fractured oil & gas production,
• Huge reserves of shale gas.
Top 10 Companies in the Eco-Friendly Fracking Chemicals Market:
Stratview Research has identified the following companies as the top market players:
• Halliburton Company
• Schlumberger Limited
• Bakers Hughes
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Eco-Friendly Fracking Chemicals Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
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• Composite Frac Plugs & Frac Balls Market: https://www.stratviewresearch.com/365/Composite-Frac-Plugs-and-Frac-Balls-Market.html
• Dissolvable Frac Plugs Market: https://www.stratviewresearch.com/491/dissolvable-frac-plugs-market.html
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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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