Market Overview:
The global eco-friendly fracking chemicals market is estimated to grow from USD 1.5 billion in 2018 to USD 3.8 billion by 2030, at a CAGR of 11.9%. The growth of the market can be attributed to the increasing demand for eco-friendly fracking chemicals from the petroleum and natural gas industry, and rising concerns about environmental pollution caused by conventional fracking chemicals. Based on type, the global eco-friendly fracking chemicals market is segmented into gelling agent, crosslinker, surfactant, friction reducer, and others. The gelling agent segment is projected to lead the global eco-friendly fracking chemicals market during the forecast period owing to its high demand from various end users such as petroleum and natural gas industry and mining sector. Based on application, the global eco-friendly fracking chemicals market is segmented into petroleum and natural gas industry; mining sector; water treatment; oilfield services; chemical manufacturing; construction & infrastructure development; food & beverage processing industries among others.
Product Definition:
Eco-friendly fracking chemicals are those that do not harm the environment. They are used to fracture shale rocks and release natural gas and oil. The importance of eco-friendly fracking chemicals is that they help to protect the environment while also allowing for the extraction of natural resources.
Gelling Agent:
Gelling agents are additives that help the fluid fracking chemicals to gel or clot. The gelling agent market is expected to grow at a significant rate over the forecast period owing to its ability of providing high viscosity and strength properties in low concentration, which helps in increasing the overall productivity of oil & gas wells. Gelling agents also provide stability and thermal stability during transportation, handling, storage as well as during drilling operations.
Crosslinker:
The crosslinker is an additive that helps the polymer to bind with other chemicals. It also improves the chemical’s performance by increasing its viscosity, thermal stability and surface activity. The most commonly used crosslinkers are polyethylene, MEG (Mono-Ethylene Glycol) and PVA (Polyvinyl Acetate).
Application Insights:
Petroleum and natural gas emerged as the leading application segment in 2017, accounting for over 60.0% of the global market revenue share. The segment is expected to continue its dominance over the forecast period owing to increasing demand for petroleum and natural gas across various regions including Asia Pacific, Middle East & Africa, North America and Europe.
The use of eco-friendly fracking chemicals has led to significant cost savings while improving production efficiency in both onshore and offshore oil exploration activities across several industries such as energy generation, manufacturing etc. Petroleum products such as crude oil are extracted from the earth using hydraulic drilling techniques known as hydraulic fracturing or fracking which involves a high pressure water mixture along with additives that help break up rock formations holding onto petroleum deposits thereby making them available for extraction economically viable again.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of shale gas reserves located in countries such as U.S., Canada, and Mexico. The region is expected to maintain its dominance over the forecast period due to increasing shale gas exploration activities coupled with stringent government regulations regarding carbon emissions into atmosphere.
The Asia Pacific is anticipated to witness significant growth over the forecast period owing to rapid development of unconventional energy resources such as tight oil/shale oil and tar sands across China, India, Australia, Indonesia, Malaysia and Thailand among other Asian countries. In addition these factors are expected propel product demand for enhanced oil recovery (EOR) which will drive industry expansion over next eight years from 2018 through 2030 time frame.
Growth Factors:
- Increasing demand for eco-friendly fracking chemicals from the oil and gas industry as a result of stringent environmental regulations
- Rising awareness about the benefits of using eco-friendly fracking chemicals among oil and gas operators
- Proliferation of shale gas exploration and development activities across North America, Europe, Asia Pacific, and Latin America
- Growing investments in research and development (R&D) initiatives for developing novel eco-friendly fracking chemicals
- Emergence of new players in the eco-friendly fracking chemicals market
Scope Of The Report
Report Attributes
Report Details
Report Title
Eco-Friendly Fracking Chemicals Market Research Report
By Type
Gelling Agent, Crosslinker, Surfactant, Friction Reducer, Others
By Application
Petroleum and Natural Gas, Mining, Other
By Companies
Halliburton Company, Schlumberger Limited, Bakers Hughes (GE）
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Eco-Friendly Fracking Chemicals Market Report Segments:
The global Eco-Friendly Fracking Chemicals market is segmented on the basis of:
Types
Gelling Agent, Crosslinker, Surfactant, Friction Reducer, Others
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
Petroleum and Natural Gas, Mining, Other
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:
- Halliburton Company
- Schlumberger Limited
- Bakers Hughes (GE）
Highlights of The Eco-Friendly Fracking 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:
- Gelling Agent
- Crosslinker
- Surfactant
- Friction Reducer
- Others
- By Application:
- Petroleum and Natural Gas
- Mining
- Other
- 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 Eco-Friendly Fracking 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?
Eco-friendly fracking chemicals are those that have lower environmental impacts than traditional fracking chemicals. They may be safer to use, and they may help reduce the amount of water used in fracking.
Some of the major players in the eco-friendly fracking chemicals market are Halliburton Company, Schlumberger Limited, Bakers Hughes (GE）.
The eco-friendly fracking chemicals market is expected to register a CAGR of 11.9%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Eco-Friendly Fracking Chemicals Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Eco-Friendly Fracking Chemicals Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Eco-Friendly Fracking Chemicals Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Eco-Friendly Fracking Chemicals Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Eco-Friendly Fracking Chemicals Market Size & Forecast, 2018-2028
4.5.1 Eco-Friendly Fracking Chemicals Market Size and Y-o-Y Growth
4.5.2 Eco-Friendly Fracking Chemicals Market Absolute $ Opportunity
Chapter 5 Global Eco-Friendly Fracking Chemicals Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Eco-Friendly Fracking Chemicals Market Size Forecast by Type
5.2.1 Gelling Agent
5.2.2 Crosslinker
5.2.3 Surfactant
5.2.4 Friction Reducer
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Eco-Friendly Fracking Chemicals Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Eco-Friendly Fracking Chemicals Market Size Forecast by Applications
6.2.1 Petroleum and Natural Gas
6.2.2 Mining
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Eco-Friendly Fracking Chemicals Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Eco-Friendly Fracking Chemicals Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Eco-Friendly Fracking Chemicals Analysis and Forecast
9.1 Introduction
9.2 North America Eco-Friendly Fracking Chemicals Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Eco-Friendly Fracking Chemicals Market Size Forecast by Type
9.6.1 Gelling Agent
9.6.2 Crosslinker
9.6.3 Surfactant
9.6.4 Friction Reducer
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Eco-Friendly Fracking Chemicals Market Size Forecast by Applications
9.10.1 Petroleum and Natural Gas
9.10.2 Mining
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Eco-Friendly Fracking Chemicals Analysis and Forecast
10.1 Introduction
10.2 Europe Eco-Friendly Fracking Chemicals Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Eco-Friendly Fracking Chemicals Market Size Forecast by Type
10.6.1 Gelling Agent
10.6.2 Crosslinker
10.6.3 Surfactant
10.6.4 Friction Reducer
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Eco-Friendly Fracking Chemicals Market Size Forecast by Applications
10.10.1 Petroleum and Natural Gas
10.10.2 Mining
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Eco-Friendly Fracking Chemicals Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Eco-Friendly Fracking Chemicals Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Eco-Friendly Fracking Chemicals Market Size Forecast by Type
11.6.1 Gelling Agent
11.6.2 Crosslinker
11.6.3 Surfactant
11.6.4 Friction Reducer
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Eco-Friendly Fracking Chemicals Market Size Forecast by Applications
11.10.1 Petroleum and Natural Gas
11.10.2 Mining
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Eco-Friendly Fracking Chemicals Analysis and Forecast
12.1 Introduction
12.2 Latin America Eco-Friendly Fracking Chemicals Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Eco-Friendly Fracking Chemicals Market Size Forecast by Type
12.6.1 Gelling Agent
12.6.2 Crosslinker
12.6.3 Surfactant
12.6.4 Friction Reducer
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Eco-Friendly Fracking Chemicals Market Size Forecast by Applications
12.10.1 Petroleum and Natural Gas
12.10.2 Mining
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Eco-Friendly Fracking Chemicals Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Eco-Friendly Fracking Chemicals Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Eco-Friendly Fracking Chemicals Market Size Forecast by Type
13.6.1 Gelling Agent
13.6.2 Crosslinker
13.6.3 Surfactant
13.6.4 Friction Reducer
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Eco-Friendly Fracking Chemicals Market Size Forecast by Applications
13.10.1 Petroleum and Natural Gas
13.10.2 Mining
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Eco-Friendly Fracking Chemicals Market: Competitive Dashboard
14.2 Global Eco-Friendly Fracking Chemicals Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Halliburton Company
14.3.2 Schlumberger Limited
14.3.3 Bakers Hughes (GE）
