Market Overview:
The global fracking fluids and chemicals market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth of this market can be attributed to the increasing demand for energy across the globe and the rising popularity of fracking as an effective method for extracting oil and gas reserves from shale formations. The water-based fluids segment is expected to dominate the global fracking fluids and chemicals market in terms of revenue, followed by oil-based fluids, synthetic-based fluids, and foam-based fluids segments. The growth in demand for water-based fracturing fluid can be attributed to its environmental friendliness as it does not contain any toxic or hazardous material that could contaminate groundwater resources. However, high initial cost associated with its deployment may restrain its adoption in some regions over the forecast period. In terms of application, oil exploitation is expected to account for a major share of revenue generated by the global fracking fluids and chemicals market during 2018–2030 owing to increased exploration activities across regions such as North America, Latin America, Europe Asia Pacific & Middle East & Africa (MEA).
Product Definition:
The fluids and chemicals used in the fracking process are important because they help to break up the rock formations and release the gas or oil. Without them, the fracking process would not be effective.
Water Based Fluids:
Water-based fluids (WBF) are a group of drilling muds used in petroleum and natural gas extraction. They are distinct from the other oilfield chemicals as they do not contain any solvents, surfactants or detergents.
Oil Based Fluids:
Oil-based fluids (OBF) are used in the oil & gas industry as drilling lubricants and also for other applications such as well completion, production, stimulation and workover. The global oil-based fluids market is expected to witness significant growth on account of increasing demand from the energy sector along with growing environmental concerns regarding non-disposable drilling fluids. Increasing shale gas exploration activities in China, U.S.
Application Insights:
The oil exploration application segment led the global fracking fluids and chemicals market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to an increase in onshore and offshore drilling activities for discovering new sources of oil and gas across various regions.
The use of chemical-based fracturing fluid additives has enabled drillers to extract higher flow rates of hydrocarbons with lessens exposure to water or shale resources as compared with conventional onshore techniques such as percussive drilling or slickwater hydraulic fracturing. This has resulted in increased adoption across the globe for both onshore and offshore operations coupled with rising demand from emerging economies such as India, China South Korea Vietnam Indonesia etc.
Regional Analysis:
North America dominated the global market in 2017 owing to the high number of hydraulic fracturing projects and shale gas reserves present across this region. The U.S., which is a major contributor to North American shale gas production, has also witnessed an increase in exploration activities over the past few years due to various factors such as low prices of natural gas and oil, growing demand for unconventional fuels, and government support for domestic energy producers. This factor is expected to have a positive impact on industry growth over the forecast period.
Growth Factors:
- Increasing demand for fracking fluids and chemicals from the oil and gas industry as a result of increasing shale gas production in the United States.
- Rising demand for fracking fluids and chemicals in developing countries due to growing energy needs.
- Growing use of fracking fluids and chemicals in unconventional oil and gas extraction processes such as hydraulic fracturing, matrix acidizing, and gravel packing.
- Technological advancements that have led to the development of more efficient, environmentally friendly, and cost-effective fracking fluids and chemicals products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fracking Fluids and Chemicals Market Research Report
By Type
Water Based Fluids, Oil Based Fluids, Synthetic Based Fluids, Foam Based Fluids
By Application
Oil Exploitation, Gas Exploitation
By Companies
Baker Hughes, Halliburton, Schlumberger, DuPont, Pioneer Engineering, BASF, The Dow Chemical, Akzo Nobel, Chevron Phillips Chemical, Albemarle, Clariant, Calfrac Well Services
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Fracking Fluids and Chemicals Market Report Segments:
The global Fracking Fluids and Chemicals market is segmented on the basis of:
Types
Water Based Fluids, Oil Based Fluids, Synthetic Based Fluids, Foam Based Fluids
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil Exploitation, Gas Exploitation
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baker Hughes
- Halliburton
- Schlumberger
- DuPont
- Pioneer Engineering
- BASF
- The Dow Chemical
- Akzo Nobel
- Chevron Phillips Chemical
- Albemarle
- Clariant
- Calfrac Well Services
Highlights of The Fracking Fluids and Chemicals Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Water Based Fluids
- Oil Based Fluids
- Synthetic Based Fluids
- Foam Based Fluids
- By Application:
- Oil Exploitation
- Gas Exploitation
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Fracking Fluids and Chemicals Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Fracking fluids and chemicals are used in the fracking process to break up rock formations to release natural gas. Fracking fluids are made up of water, sand, and chemicals that help fracture the rock. Chemicals used in fracking include hydrofluoric acid, sodium hydroxide, and methane.
Some of the major players in the fracking fluids and chemicals market are Baker Hughes, Halliburton, Schlumberger, DuPont, Pioneer Engineering, BASF, The Dow Chemical, Akzo Nobel, Chevron Phillips Chemical, Albemarle, Clariant, Calfrac Well Services.
The fracking fluids and chemicals market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Fracking Fluids and Chemicals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Fracking Fluids and Chemicals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Fracking Fluids and Chemicals Market - Supply Chain
4.5. Global Fracking Fluids and Chemicals Market Forecast
4.5.1. Fracking Fluids and Chemicals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Fracking Fluids and Chemicals Market Size (000 Units) and Y-o-Y Growth
4.5.3. Fracking Fluids and Chemicals Market Absolute $ Opportunity
5. Global Fracking Fluids and Chemicals Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Fracking Fluids and Chemicals Market Size and Volume Forecast by Type
5.3.1. Water Based Fluids
5.3.2. Oil Based Fluids
5.3.3. Synthetic Based Fluids
5.3.4. Foam Based Fluids
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Fracking Fluids and Chemicals Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Fracking Fluids and Chemicals Market Size and Volume Forecast by Application
6.3.1. Oil Exploitation
6.3.2. Gas Exploitation
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Fracking Fluids and Chemicals Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Fracking Fluids and Chemicals Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Fracking Fluids and Chemicals Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Fracking Fluids and Chemicals Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Fracking Fluids and Chemicals Demand Share Forecast, 2019-2026
9. North America Fracking Fluids and Chemicals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Fracking Fluids and Chemicals Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Fracking Fluids and Chemicals Market Size and Volume Forecast by Application
9.4.1. Oil Exploitation
9.4.2. Gas Exploitation
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Fracking Fluids and Chemicals Market Size and Volume Forecast by Type
9.7.1. Water Based Fluids
9.7.2. Oil Based Fluids
9.7.3. Synthetic Based Fluids
9.7.4. Foam Based Fluids
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Fracking Fluids and Chemicals Demand Share Forecast, 2019-2026
10. Latin America Fracking Fluids and Chemicals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Fracking Fluids and Chemicals Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Fracking Fluids and Chemicals Market Size and Volume Forecast by Application
10.4.1. Oil Exploitation
10.4.2. Gas Exploitation
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Fracking Fluids and Chemicals Market Size and Volume Forecast by Type
10.7.1. Water Based Fluids
10.7.2. Oil Based Fluids
10.7.3. Synthetic Based Fluids
10.7.4. Foam Based Fluids
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Fracking Fluids and Chemicals Demand Share Forecast, 2019-2026
11. Europe Fracking Fluids and Chemicals Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Fracking Fluids and Chemicals Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Fracking Fluids and Chemicals Market Size and Volume Forecast by Application
11.4.1. Oil Exploitation
11.4.2. Gas Exploitation
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Fracking Fluids and Chemicals Market Size and Volume Forecast by Type
11.7.1. Water Based Fluids
11.7.2. Oil Based Fluids
11.7.3. Synthetic Based Fluids
11.7.4.Foam Based Fluids
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Fracking Fluids and Chemicals Demand Share, 2019-2026
12. Asia Pacific Fracking Fluids and Chemicals Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Fracking Fluids and Chemicals Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Fracking Fluids and Chemicals Market Size and Volume Forecast by Application
12.4.1. Oil Exploitation
12.4.2. Gas Exploitation
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Fracking Fluids and Chemicals Market Size and Volume Forecast by Type
12.7.1. Water Based Fluids
12.7.2. Oil Based Fluids
12.7.3. Synthetic Based Fluids
12.7.4. Foam Based Fluids
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Fracking Fluids and Chemicals Demand Share, 2019-2026
13. Middle East & Africa Fracking Fluids and Chemicals Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Fracking Fluids and Chemicals Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Fracking Fluids and Chemicals Market Size and Volume Forecast by Application
13.4.1. Oil Exploitation
13.4.2. Gas Exploitation
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Fracking Fluids and Chemicals Market Size and Volume Forecast by Type
13.7.1. Water Based Fluids
13.7.2. Oil Based Fluids
13.7.3. Synthetic Based Fluids
13.7.4. Foam Based Fluids
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Fracking Fluids and Chemicals Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Fracking Fluids and Chemicals Market: Market Share Analysis
14.2. Fracking Fluids and Chemicals Distributors and Customers
14.3. Fracking Fluids and Chemicals Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baker Hughes
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Halliburton
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Schlumberger
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DuPont
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Pioneer Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BASF
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. The Dow Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Akzo Nobel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chevron Phillips Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Albemarle
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Clariant
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Calfrac Well Services
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
