Global Fracking Fluid and Chemicals Market - Forecasts from 2019 to 2024
The global fracking fluid and chemicals market is projected to grow at a CAGR of XX.XX% to reach US$XX.XXX billion by 2024, from US$XX.XXX billion in 2018. Fracking Fluid is a chemical mixture used in drilling operations to increase the quantity of hydrocarbons that can be extracted. They are utilized in hydraulic fracturing for the recovery of oil and shale gas. The mixture is complex that varies from well to well. Rising population across the globe is leading to an increased need for oil and gas. According to World Bank Group, the global population has increased from 7.444 billion in 2016 to 7. 53 billion in 2017. This is driving the fracking fluid and chemicals market growth. Growing adoption of unconventional resources of oil and gas such as shale and coalbed methane (CBM) and shifting trend towards horizontal drilling are expected to drive the demand for fracturing fluids in the forecast period. The market is expected to grow at a steady pace owing to the growing oil and gas sector and rising concern among countries regarding safe energy resources.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the fracking fluid and chemicals value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global fracking fluid and chemicals market.
Major industry players profiled as part of the report are General Electric, Schlumberger Limited, Ashland, Halliburton, Clariant and DowDuPont.
The global fracking fluid and chemicals market has been analyzed through following segments:
By Materials Added
Water well production enhancement
Conventional oil and gas production
Coalbed Methane Development
Middle East and Africa
Key insights offered
How are the major drivers and restraints affecting the global fracking fluid and chemicals market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviour
Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
*List is not exhaustive