Fracking Fluid and Chemicals Market

Fracking Fluid and Chemicals Market (Fluid Type - Slick Water-based Fluids, Foam-based Fluids, Gelled Oil-based Fluids, and Other Base Fluids; Well Type - Horizontal Wells, and Vertical Wells; Function Type - Gelling Agent, Friction Reducer, Surfactant, Scale Inhibitor, Clay Stabilizer, and Other Function Types): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : August, 2019

  • Rep Id : CM074

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on fracking fluid and chemicals market provides an in-depth analysis of segments and sub-segments in the global as well as regional fracking fluid and chemicals market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fracking fluid and chemicals market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global fracking fluid and chemicals market. According to the report, the global fracking fluid and chemicals market are projected to grow at a CAGR of 4.2% over the forecast period of 2019-2025.

 

Market Insight

Fracking fluid is a type of chemical mixture, which is used to increase the amount of hydrocarbon extracted during the extraction activities. Further, it has several applications in the petroleum extraction industry such as it helps to retard the corrosion rate of the well. In Addition, it is used as a surfactant, pH adjusting agent, iron controlling agent, gelling agent, clay inhibitors and other activities. The continuous growing demand for the different types of petroleum-based products for industrial and domestic applications is helping to grow the demand for fracking fluid and chemical-based products.

 

The growing demand for electricity and fuels for industrial and domestic consumption is expected to propel the demand for fracking fluid and chemicals market. Further, increasing the consumption of natural gas that is usually consumed in the residential and commercial areas are driving the growth of fracking fluid and chemicals market. Additionally, the growing investment in research & development activities for eco-friendly fluids and chemicals provides a growing demand for the market. The countries are large concerns about the safe energy resources that are anticipated to drive the demand of the market. The availability of substitutes is affecting the growth of the market. Moreover, the countries are largely focusing to be self-sufficient for energy requirements. The Asia Pacific countries growingly focus to achieve self-sufficiency for the fuel requirement is estimated to provide a growth opportunity to this market.

 

North America is the largest revenue-making region for fracking fluid and chemicals market, owing to the presence of a large number of the petroleum refining and exploration companies in this region. Further, stable economic growth, growing oil & gas exploration activities and favorable government policies are contributing to the growth of the market in this region. The Asia-Pacific is expected to grow with a healthy CAGR for fracking fluid and chemicals market during the forecast period, owing to the government initiatives to explore and extract the petroleum reserve available inside the country.

 

Segment Covered

The report on global fracking fluid and chemicals market cover segments such as fluid type, well type, and function type. On the basis of fluid type, the sub-markets include slick water-based fluids, foam-based fluids, gelled oil-based fluids, and other base fluids. On the basis of well type, the sub-markets include horizontal wells, and vertical wells. On the basis of function type, the sub-markets include gelling agent, friction reducer, surfactant, scale inhibitor, clay stabilizer, and other function types.

 

Companies Profiled:

The report provides profiles of the companies in the market such as FTS International, Albemarle Corporation, E. I. du Pont de Nemours and Company, Clariant International Ltd, Chevron Phillips Chemical, Calfrac Well Services Ltd., BASF SE, Schlumberger Limited, Halliburton Company, and Baker Hughes, a GE company.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of fracking fluid and chemicals market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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