Fracking Chemicals Fluid Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fracking Chemicals Fluid Market Analysis
The fracking chemicals fluid market is expected to grow at a CAGR of over 9% during the forecast period. Major factor driving the market studied is growing demand of fracking chemicals fluid from oil and gas industry. On the flip side, stringent environmental and governmental regulations towards fracking fluids and unfavorable conditions arising due to the COVID-19 outbreak are hindering the growth of the market.
- Growing demand of fracking chemicals fluid from shale gas wells is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Fracking chemicals fluid from oil and gas application is expected to dominate the market studied over the forecast period.
- North America region represents the largest market and is also expected to be the fastest growing market over the forecast period owing to the increasing consumption from countries such as United States and Canada.
Fracking Chemicals Fluid Market Trends
This section covers the major market trends shaping the Fracking Chemicals Fluid Market according to our research experts:
Growing Demand of Fracking Chemicals Fluid from Oil and Gas Industry
- Fracking fluid (or frac fluid) is a chemical mixture used in drilling operations to increase the quantity of hydrocarbons that can be extracted.
- The fracturing fluids used for stimulations consist primarily of water and variety of chemical additives such as dilute acids, biocides, breakers, corrosion inhibitors, cross linkers, friction reducers, gels etc,.
- The fracking chemicals fluid prevents corrosion of the well and also lubricates the extraction process, and prevents clogs and bacterial growth, among other functions.
- The increasing unavailability of easy oil, growing demand for longer lateral services, stabilizing rate of drilled but uncompleted (DUC) well inventory increases the hydraulic fracturing which in turn boosts the demand fracking chemicals fluid.
- Hence, owing to the above-mentioned factors, the application of fracking chemicals fluid from oil and gas sector is likely to dominate during the forecast period.
North America Region to Dominate the Market
- North America region is expected to dominate the market for fracking chemicals fluid during the forecast period. The rising demand of fracking chemicals fluid from major oil and shale gas producing countries like United States and Canada is expected to drive the demand for fracking chemicals fluid in this region.
- The largest producers of fracking chemicals fluid are located in North America region. Some of the leading companies in the production of fracking chemicals fluid are BASF SE., Baker Hughes, a GE Company LLC, Schlumberger Limited, Dow, and Halliburton among others.
- The International Energy Agency (IEA) expects a further increase in oil and gas production, with the United States emerging as a net oil exporter by 2027, the first time since 1953.
- North America is one of the largest markets for land drilling, led by the United States mainly due to increased exploration and production activities of its tight oil and shale reserves.
- Canada has been known to have significant conventional gas reserves, and the country was a key supplier of natural gas to the United States for decades until the recent shale boom in the country.
- Owing to the above-mentioned factors, the market for fracking chemicals fluid in the North America region is projected to grow significantly during the study period.
Fracking Chemicals Fluid Industry Overview
The global fracking chemicals fluid market is partially fragmented in nature with only few major players dominating the market. Some of the major companies are BASF SE., Baker Hughes, a GE Company LLC, Schlumberger Limited, Dow, and Halliburton among others.
Fracking Chemicals Fluid Market Leaders
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BASF SE
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Baker Hughes, a GE Company LLC
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Schlumberger Limited
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Halliburton
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Dow
*Disclaimer: Major Players sorted in no particular order
Fracking Chemicals Fluid Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Growing Demand of Fracking Chemicals Fluid from Oil and Gas Industry
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Stringent Environmental and Governmental Regulations towards Fracking Fluids
- 4.2.2 Impact of COVID - 19
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Fluid Type
- 5.1.1 Water Based
- 5.1.2 Foam Based
- 5.1.3 Gelled Oil-Based
- 5.1.4 Slick Water-Based
- 5.1.5 Synthetic Based
- 5.1.6 Others
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5.2 Product Type
- 5.2.1 Conventional Linear Gels
- 5.2.2 Borate Cross-Linked Fluids
- 5.2.3 Organometallic Cross-Linked Fluids
- 5.2.4 Aluminium Phosphate Ester Oil Gels
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5.3 Function
- 5.3.1 Surfactant
- 5.3.2 Scale Inhibitor
- 5.3.3 Friction Reducer
- 5.3.4 Corrosion Inhibitor
- 5.3.5 Biocide
- 5.3.6 Crosslinker
- 5.3.7 Gelling Agent
- 5.3.8 Others
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5.4 Application
- 5.4.1 Oil and Gas
- 5.4.1.1 Oil Well
- 5.4.1.2 Shale Gas Well
- 5.4.1.3 Horizontal Well
- 5.4.2 Mining
- 5.4.3 Others
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5.5 Geography
- 5.5.1 Asia-Pacific
- 5.5.1.1 China
- 5.5.1.2 India
- 5.5.1.3 Japan
- 5.5.1.4 South Korea
- 5.5.1.5 Rest of Asia-Pacific
- 5.5.2 North America
- 5.5.2.1 United States
- 5.5.2.2 Canada
- 5.5.2.3 Mexico
- 5.5.3 Europe
- 5.5.3.1 Germany
- 5.5.3.2 United Kingdom
- 5.5.3.3 France
- 5.5.3.4 Italy
- 5.5.3.5 Rest of Europe
- 5.5.4 South America
- 5.5.4.1 Brazil
- 5.5.4.2 Argentina
- 5.5.4.3 Rest of South America
- 5.5.5 Middle-East and Africa
- 5.5.5.1 Saudi Arabia
- 5.5.5.2 South Africa
- 5.5.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Baker Hughes, a GE Company LLC
- 6.4.3 Schlumberger Limited
- 6.4.4 Dow
- 6.4.5 Halliburton
- 6.4.6 DuPont
- 6.4.7 Ashland
- 6.4.8 Calfrac Well Services Ltd.
- 6.4.9 Clariant
- 6.4.10 Weatherford
- 6.4.11 FTS International
- 6.4.12 Albemarle Corporation
- 6.4.13 SNP, Inc
- 6.4.14 Chevron PhillipsChemicalCompay
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Demand of Fracking Chemical Fluids from Shale Gas Wells
- 7.2 Other Opportunities
Fracking Chemicals Fluid Industry Segmentation
The fracking chemicals fluid market report includes:
| Fluid Type | Water Based | |
| Foam Based | ||
| Gelled Oil-Based | ||
| Slick Water-Based | ||
| Synthetic Based | ||
| Others | ||
| Product Type | Conventional Linear Gels | |
| Borate Cross-Linked Fluids | ||
| Organometallic Cross-Linked Fluids | ||
| Aluminium Phosphate Ester Oil Gels | ||
| Function | Surfactant | |
| Scale Inhibitor | ||
| Friction Reducer | ||
| Corrosion Inhibitor | ||
| Biocide | ||
| Crosslinker | ||
| Gelling Agent | ||
| Others | ||
| Application | Oil and Gas | Oil Well |
| Shale Gas Well | ||
| Horizontal Well | ||
| Application | Mining | |
| Others | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Fracking Chemicals Fluid Market Research FAQs
What is the current Fracking Chemicals Fluid Market size?
The Fracking Chemicals Fluid Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)
Who are the key players in Fracking Chemicals Fluid Market?
BASF SE, Baker Hughes, a GE Company LLC, Schlumberger Limited, Halliburton and Dow are the major companies operating in the Fracking Chemicals Fluid Market.
Which is the fastest growing region in Fracking Chemicals Fluid Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Fracking Chemicals Fluid Market?
In 2024, the North America accounts for the largest market share in Fracking Chemicals Fluid Market.
What years does this Fracking Chemicals Fluid Market cover?
The report covers the Fracking Chemicals Fluid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Fracking Chemicals Fluid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Fracking Chemicals Fluid Industry Report
Statistics for the 2024 Fracking Chemicals Fluid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Fracking Chemicals Fluid analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
