Increase in Horizontal Drilling Of Wells to Fuel Demand for Oil-based Fracking Fluids – FactMR Study

Fracking Fluids and Chemicals Market – Segmentation

Fact.MR’s research study assesses the global fracking fluids and chemicals market in terms of raw material, form, application, and region. This report presents extensive market dynamics and trends associated with different segments of the market and their influence on the growth prospects of the global fracking fluids and chemicals market.

Function Type

• Biocides
• Corrosion Inhibitors
• Friction Reducers
• Gelling Agents
• Scale Dissolvers
• Cross-Linkers
• Others

Fluid Type

• Water-based
• Oil-based
• Foam-based
• Others

Region

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

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Fracking Fluids and Chemicals Market – Scope Of The Report

A recent study by Fact.MR on the fracking fluids and chemicals market offers a 10-year forecast from 2020 to 2030. The study analyzes crucial trends that are currently determining market growth. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders and emerging players associated with the manufacturing of automotive radiator fan. The study also provides the dynamics that are responsible for influencing future status of the fracking fluids and chemicals market over the forecast period.

A detailed assessment of the fracking fluids and chemicals value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the fracking fluids and chemicals market, along with their product portfolios, enhances the quality of the report.

Fracking Fluids and Chemicals Market: Report Summary

The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the fracking fluids and chemicals market across the globe.

A comprehensive estimate on the fracking fluids and chemicals market has been provided through an optimistic as well as a conservative scenario, taking into account the sales during the forecast period. Price point comparison by region with global average price is also considered in the study.

Fracking Fluids and Chemicals Market: Inspected Assessment on Regional Segments

Key sections have been elaborated in the fracking fluids and chemicals market report, which have helped deliver projections on regional markets. These chapters include regional macros (political, economic and business environment outlook), which are expected to have a momentous influence on the growth of the Fracking fluids and chemicals market during the forecast period.

Country-specific valuation on demand for fracking fluids and chemicals market has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Key Takeaways from Fracking Fluids and Chemicals Market Report

• Global fracking fluid and chemical market is expected to exhibit CAGR of more than 10% by the end of 2030
• Water based fluid type is preferred more than other fluid types available in the market
• Asia Pacific will offer lucrative growth opportunities through the forecast period
• Waterless fracking, usage of green chemicals, propane gel, are some of the alternate fracking technologies that are expected to create substantial growth opportunities in the future
• North America dominates the market across the world. This dominance is expected to continue over the next decade. Demand registered in North America is attributable to the presence of oil and gas extraction reservoirs in the United States and Canada.

“Use of fracking fluids and chemicals as a gelling agent is expected to surge in the near future,”says a Fact.MR analyst.

Fracking Fluids and Chemicals Market: Competitive Landscape

Fracking fluid and chemicals manufacturing companies are investing in research and development activities in order to discover ecofriendly alternatives. Partnerships, collaborations, and joint ventures are some of the strategies adopted by players in the market to increase penetration.

Major players are focusing on expanding their product portfolio to sustain in the market which is highly competitive. They also are integrating their operations so that they can be involved in the entire value chain.

For instance, Chevron Phillips Chemical Company LP introduced feedstock and commenced operations of a new ethane cracker at its Cedar Bayou facility in Baytown, Texas in 2018. At peak production, the unit will produce 1.5 million metric tons/3.3 billion lbs. per year.

Also, DuPont and Dow Chemicals Company, an American multinational chemical firm entered into an agreement, by merging the stocks. This strategy was intended to focus on expansion of agriculture, specialty chemicals and material science businesses through a series of tax efficient deals.

Some of the key fracking fluid & chemicals market players include Baker Hughes, Schlumberger, Ashland, Weatherford International and Halliburton, BASF, Chevron Phillips Chemical, Albemarle, Clariant, AkzoNobel, Calfrac Well Services, FTS International, Dow Chemical Company, EOG Resources, Dupont and Pioneer Natural Resources.