Global Fracking Chemicals and Fluids Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

"Global Fracking Chemicals and Fluids Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global fracking chemicals and fluids market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global fracking chemicals and fluids market report has been segmented on the basis of product, well type, function, and region.

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Introduction: 

Fracking chemicals and fluids are chemicals used in hydraulic fracturing. Hydraulic fracturing is a breaking process of underground rock carried out by injecting fluid along with sand and additives at high pressure to extract natural gas and oil. In hydraulic fracturing, fluids and chemical additives are used for preventing corrosion, preventing scale deposition, stabilizing product, dissolving minerals, and maintaining the viscosity of the fluid.

Market Dynamics:

Growing demand for crude oil in developing and developed economies is a major factor expected to drive revenue growth of global fracking chemicals and fluids market over the forecast period. Moreover, the ability of fracking chemicals and fluids to increase productivity is another factor expected to drive revenue growth of target market over the next 10 years.

However, growing concerns regarding contamination of water due to fracturing operation is a major factor expected to restrain revenue growth of fracking chemicals and fluids market over the forecast period.

Well Type Insights:

On the basis of well type, the horizontal wells segment is expected to account for major revenue share in the global fracking chemicals and fluids market. Horizontally drilled wells give access to isolated gas and oil accumulations within a large field and allow the extraction of natural gas in large quantities.

Function Insights:

On the basis of function, the cross-linker segment is expected to account major revenue share in the global market. Rising demand for solutions that increases the production rate of oil in high temperature and pressure conditions. To increase the production rate cross-linkers and breakers are used to keep the fracking fluid stable in terms of viscosity and gelling ability.

Regional Insights:

North America market is expected to account for major revenue share in the global market and is expected to maintain its dominance over the forecast period. Growing drilling and exploration sector in the region is expected drive revenue growth of North America fracking chemicals and fluids market over the forecast period. Increasing number of oil & gas exploration activities in the US is expected to support revenue growth of fracking chemicals and fluids market in the region. North America accounts for the major revenue share contribution of the global fracking chemicals and fluids market, followed by markets in Europe, Asia Pacific, Latin America, and the Middle East & Africa respectively. The fracking chemicals and fluids market in Middle East & Africa is expected to grow at a higher growth rate over the forecast period owing to increasing oil extraction in the region.

Market segmentation and key players operating in the global fracking chemicals and fluids market:

By product:

• Water based fluids
• Oil based fluids
• Foam based fluids
• Synthetic based fluids

By well type:

• Horizontal well
• Vertical well

By function:

• Friction reducer
• Clay control agent
• Gelling agent
• Cross-linkers
• Breakers
• Others (Biocide, Scale Inhibitor, Corrosion inhibitor, and Iron control)

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa