Fracking Chemicals Fluids Market Size, Share, Opportunities, And Trends By Fluid Type (Water Based, Foam Based, Gelled Oil-Based, Slick Water-Based, Synthetic Based, Others), By Product Type (Borate Cross-Linked Fluids, Organometallic Cross-Linked Fluids, Aluminium Phosphate Ester Oil Gels), By Function (Surfactant, Scale Inhibitor, Friction Reducer, Corrosion Inhibitor, Biocide, Crosslinker, Gelling Agent, Others), By Application (Oil and Gas, Oil Well, Shale Gas Well, Horizontal Well, Mining, Others), And By Geography - Forecasts From 2025 To 2030
- Published : Nov 2024
- Report Code : KSI061617153
- Pages : 145
The fracking chemicals fluids market is expected to grow at a CAGR of 6.81%, reaching a market size of US$58.253 billion in 2030 from US$41.897 billion in 2025.
The fracking chemicals fluids market is a specialized sector within the oil and gas industry, mainly focused on fracking or hydraulic fracturing chemical additives production and application. Hydraulic fracturing is a production technique for natural gas and oil from deep underground formations by injecting high-pressure fluid into rocks to create fractures. This method has gained wide momentum because it has proved effective for accessing unconventional resources, particularly from shale formations.
The fracking fluids comprise as much as 90% water and 9.5% sand or proppants, leaving only a percentage of chemical additives at 0.5%. These chemicals fulfill several important functions, such as property enhancements of the fluid, prevention of corrosion, control of the pH level, and decreased friction while pumping. Some common additives are biocides to inhibit bacterial growth, friction reducers to increase fluid flow, and stabilizers to prevent clay swelling in the wellbore. The actual composition of fracking fluids is highly customized depending on various geological characteristics of the target formation and operation requirements.
What are the fracking chemicals fluids market drivers?
- Rising demand for fracking chemicals
The market for fracking chemicals depends on several variables, such as global demand for energy, regulatory policies, and technological progress. Recently, greater attention has been given to developing more eco-friendly and less harmful chemical formulations in light of increased concerns over environmental implications. For instance, companies now use food-grade additives due to pressure from the public over the safety of regular fracking chemicals.
Regarding low water consumption and the carrying capacity of proppants, foam-based fracturing fluids are relatively new alternatives to water-based fluids. However, these alternatives also pose the challenge of maintaining stability within harsh reservoir conditions. Studies in nanotechnology and special surfactants are in progress to enhance performances and safety standards, which influences the market dynamics.
Segment analysis of the fracking chemicals fluids market:
- The North American region will dominate the fracking chemicals fluids market during the forecast period.
The North American fracking chemicals fluids market is experiencing significant growth, driven primarily by the region's abundant shale gas and tight oil reserves.
The U.S. is expected to lead the North American market share with other states like Texas, New Mexico, and North Dakota, which are pivotal in expanding crude oil reserves through advanced fracking techniques. Substantial discovery and extension of proved reserves by the U.S. Energy Information Administration also contribute to market growth. The same is true for the Canadian market, as its contribution is also positively recorded with an increase in fracking activities in the Western Canadian Sedimentary Basin.
In addition, the industry is expanding with technological evolution. More operators are incorporating waterless fracking and eco-friendly chemicals into their work to drive recovery rates while taking care of the environment. The application of super-advanced fracking chemicals will rise to a certain extent by 2024, enabling companies to drive efficiency and minimize their operation costs.
- The fracking chemicals fluids market by function is segmented into surfactant, scale inhibitor, friction reducer, corrosion Inhibitor, biocide, crosslinker, gelling agent, and others.
Fracking chemical fluids are broadly applied to surfactants, scale inhibitors, friction reducers, and biocides. With the growing economies of Asia and Africa, the demand for fracking chemical fluids, such as corrosion inhibitors, crosslinkers, and gelling agents, is also growing.
Major restraints in the fracking chemicals fluids market:
One of the significant restraints influencing the market for fracking chemicals fluids is the rising levels of regulation surveillance concerning hydraulic fracturing operations. Additionally, with increased re-evaluations of ground contamination by fracking chemicals and the possibility of triggering seismic activities, state and federal governments have placed additional regulatory measures on fracking operations. In many cases, such measures include stricter environmental assessments, increased transparency over chemical uses, and more critical inspection of water sources. Compliance with these regulations may result in increased operational expenses, delaying project approval, and reducing drilling activities. Public opposition to fracking based on environmental advocacy groups may result in time delays in allowing permits and higher litigation cases. This will further restrain market growth.
The fracking chemicals fluids market is segmented and analyzed as follows:
- By Fluid Type
- Water Based
- Foam Based
- Gelled Oil-Based
- Slick Water-Based
- Synthetic Based
- Others
- By Product Type
- Borate Cross-Linked Fluids
- Organometallic Cross-Linked Fluids
- Aluminium Phosphate Ester Oil Gels
- By Function
- Surfactant
- Scale Inhibitor
- Friction Reducer
- Corrosion Inhibitor
- Biocide
- Crosslinker
- Gelling Agent
- Others
- By Application
- Oil and Gas
- Oil Well
- Shale Gas Well
- Horizontal Well
- Mining
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- UAE
- Rest of the Middle East and Africa
- Asia Pacific
- China
- India
- Japan
- South Korea
- Taiwan
- Thailand
- Indonesia
- Rest of Asia-Pacific
- North America
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key benefits for the stakeholders
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Process
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View
4. MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Growing Demand for Fracking Chemicals Fluid from Oil and Gas Industry
4.1.2. Other Drivers
4.2. Market Restraints
4.2.1. Stringent Environmental and Governmental Regulations towards Fracking Fluids
4.2.2. Threats from Substitutes
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. FRACKING CHEMICALS FLUIDS MARKET BY FLUID TYPE
5.1. Introduction
5.2. Water Based
5.3. Foam Based
5.4. Gelled Oil-Based
5.5. Slick Water-Based
5.6. Synthetic Based
5.7. Others
6. FRACKING CHEMICALS FLUIDS MARKET BY PRODUCT TYPE
6.1. IntroductionConventional Linear Gels
6.2. Borate Cross-Linked Fluids
6.3. Organometallic Cross-Linked Fluids
6.4. Aluminium Phosphate Ester Oil Gels
7. FRACKING CHEMICALS FLUIDS MARKET BY FUNCTION
7.1. Introduction
7.2. Surfactant
7.3. Scale Inhibitor
7.4. Friction Reducer
7.5. Corrosion Inhibitor
7.6. Biocide
7.7. Crosslinker
7.8. Gelling Agent
7.9. Others
8. FRACKING CHEMICALS FLUIDS MARKET BY APPLICATION
8.1. Introduction
8.2. Oil and Gas
8.3. Oil Well
8.4. Shale Gas Well
8.5. Horizontal Well
8.6. Mining
8.7. Others
9. FRACKING CHEMICALS FLUIDS MARKET BY GEOGRAPHY
9.1. Global Overview
9.2. North America
9.2.1. United States
9.2.2. Canada
9.2.3. Mexico
9.3. South America
9.3.1. Brazil
9.3.2. Argentina
9.3.3. Rest of South America
9.4. Europe
9.4.1. United Kingdom
9.4.2. Germany
9.4.3. France
9.4.4. Italy
9.4.5. Spain
9.4.6. Rest of Europe
9.5. Middle East and Africa
9.5.1. Saudi Arabia
9.5.2. United Arab Emirates
9.5.3. Rest of the Middle East and Africa
9.6. Asia-Pacific
9.6.1. China
9.6.2. India
9.6.3. Japan
9.6.4. South Korea
9.6.5. Taiwan
9.6.6. Thailand
9.6.7. Indonesia
9.6.8. Rest of Asia-Pacific
10. COMPETITIVE ENVIRONMENT AND ANALYSIS
10.1. Major Players and Strategy Analysis
10.2. Market Share Analysis
10.3. Mergers, Acquisitions, Agreements, and Collaborations
10.4. Competitive Dashboard
11. COMPANY PROFILES
11.1. BASF SE
11.2. Baker Hughes, a GE Company LLC
11.3. Schlumberger Limited
11.4. Halliburton
11.5. DuPont
11.6. Ashland
11.7. Calfrac Well Services Ltd.
11.8. Clariant
11.9. Weatherford
BASF SE
Baker Hughes, a GE Company LLC
Schlumberger Limited
Halliburton
DuPont
Ashland
Calfrac Well Services Ltd.
Clariant
Weatherford
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