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.
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.
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
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.
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.