Fracking fluid & chemicals are a group of water, chemicals and sand. It composition is exceptional to each industry player as they alter the structure according to their needs depending upon the presence of surface water or ground water in the manufacturing plant. Selection of fracking mixture majorly depends on the area and regulations instructed by local as well as state governments. It is used to reduce the pressure loss due to friction, which generates enough pressure drop to well maintain stability of the mixture. Adding additives in hydraulic fracturing deliver various functions including dissolving minerals, preventing scale deposition, maintaining fluid viscosity, corrosion resistance, stabilizing the product and dissolving minerals.
Market Analysis and Insights: Global Fracking Fluid and Chemical Market
Due to the COVID-19 pandemic, the global Fracking Fluid and Chemical market size is estimated to be worth US$ 39640 million in 2022 and is forecast to a readjusted size of US$ 65890 million by 2028 with a CAGR of 8.8% during the review period. Fully considering the economic change by this health crisis, Water Based Fluids accounting for % of the Fracking Fluid and Chemical global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Horizontal Well segment is altered to an % CAGR throughout this forecast period.
Increase in research & development activities for manufacturing eco-friendly fluids and chemicals is estimated to drive fracking fluid & chemicals market. Rising demand for electricity and fuels is expected to propel the product demand owing to high demand for fuel from industrial and domestic front to cater to growing population worldwide.
In terms of production side, this report researches the Fracking Fluid and Chemical capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Fracking Fluid and Chemical by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Fracking Fluid and Chemical Scope and Segment
Fracking Fluid and Chemical market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Fracking Fluid and Chemical market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Water Based Fluids
Oil Based Fluids
Synthetic Based Fluids
Foam Based Fluids
Segment by Application
Horizontal Well
Vertical Well
By Company
GE(Baker Hughes)
Schlumberger
Ashland
Weatherford International
Halliburton
BASF
Chevron Phillips Chemical
Albemarle
Clariant
AkzoNobel
Calfrac Well Services
FTS International
Dow Chemical
EOG Resources
Dupont
Pioneer Natural Resources
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E