MarketInsightsReports has published a report entitled Global Fracking Fluid & Chemicals Market Research Report 2019 that is a detailed observation of several aspects, including the rate of growth, technological advances and various strategies implemented by the main current market players. The report is based on a collective analysis of data, which is obtained through primary and secondary research. It provides a systematic approach to the current and prospective scenario of this market.
The Fracking Fluid & Chemicals Market is expected to reach USD 57.59 billion by 2025, with CAGR around 9%.
The demand for fuel is increasing multifold due to high consumption from domestic as well as industrial front.
High growth is expected in the horizontal wells drilled per year due to E&P activities for unconventional oil & gas, as these reserves are recovered more economically by horizontal drilling.
Fracking chemicals are used in vertical and horizontal drilling operations. The horizontal well segment had a market share of 75.6% in 2016.
Water based fluids is expected to be the fastest growing segment in the product category over the forecast period with an estimated CAGR of 10.9% from 2017 to 2025. Water based fluids are utilized to drill approximately 80% of the wells.
The industry in Asia Pacific is projected to witness substantial growth over the forecast period owing to various infrastructural and technological developments across major economies. In terms of revenue, the regional market is expected to grow at a CAGR of 13.8% from 2017 to 2025.
The key players of the Fracking Fluid & Chemicals Market are : AKZONOBEL, ASHLAND, BAKER HUGHES, HALLIBURTON, SCHLUMBERGER, BASF, CALFRAC WELL SERVICES, CHEVRON PHILLIPS CHEMICAL, CLARIANT INTERNATIONAL, DUPONT, ALBEMARLE, FTS INTERNATIONAL and others.
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This report segments Fracking Fluid & Chemicals Market on the basis of Types are:
Sticky Synovial Fluid
On The basis Of Application, Fracking Fluid & Chemicals Market is Segmented into:
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To conclude, this market report covers all the necessary financial, economic and social factors relevant to the industry enhancing the reader with the information required to make an informed decision.
REGIONAL ANALYSIS FOR Fracking Fluid & Chemicals MARKET: For comprehensive understanding of Fracking Fluid & Chemicals market dynamics, the market is analyzed across key geographies namely:
Middle East & Africa
The Fracking Fluid & Chemicals report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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