Market Size of Fracking Chemicals Fluid Industry
| 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 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 | |||||
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| Mining | |||||
| Others |
| Geography | |||||||
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Fracking Chemicals Fluid Market Size Summary
The fracking chemicals fluid market is poised for significant growth, driven primarily by the increasing demand from the oil and gas industry. This demand is particularly fueled by the need for enhanced extraction techniques in shale gas wells, which presents numerous opportunities for market expansion. However, the market's growth is challenged by stringent environmental regulations and the lingering impacts of the COVID-19 pandemic. Despite these challenges, the application of fracking chemicals fluid in the oil and gas sector is expected to dominate, as these fluids play a crucial role in preventing well corrosion, lubricating the extraction process, and preventing clogs and bacterial growth.
North America is anticipated to lead the fracking chemicals fluid market, with the United States and Canada at the forefront due to their substantial oil and shale gas production activities. The region's dominance is supported by the presence of major producers and the ongoing increase in exploration and production activities. The International Energy Agency's projections of rising oil and gas production further bolster this outlook, with the United States expected to become a net oil exporter. The market's fragmented nature sees a few key players, such as BASF SE, Baker Hughes, Schlumberger Limited, Dow, and Halliburton, maintaining significant influence over the market dynamics.
Fracking Chemicals Fluid Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand of Fracking Chemicals Fluid from Oil and Gas Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Stringent Environmental and Governmental Regulations towards Fracking Fluids
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1.2.2 Impact of COVID - 19
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Fluid Type
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2.1.1 Water Based
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2.1.2 Foam Based
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2.1.3 Gelled Oil-Based
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2.1.4 Slick Water-Based
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2.1.5 Synthetic Based
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2.1.6 Others
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2.2 Product Type
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2.2.1 Conventional Linear Gels
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2.2.2 Borate Cross-Linked Fluids
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2.2.3 Organometallic Cross-Linked Fluids
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2.2.4 Aluminium Phosphate Ester Oil Gels
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2.3 Function
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2.3.1 Surfactant
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2.3.2 Scale Inhibitor
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2.3.3 Friction Reducer
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2.3.4 Corrosion Inhibitor
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2.3.5 Biocide
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2.3.6 Crosslinker
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2.3.7 Gelling Agent
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2.3.8 Others
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2.4 Application
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2.4.1 Oil and Gas
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2.4.1.1 Oil Well
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2.4.1.2 Shale Gas Well
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2.4.1.3 Horizontal Well
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2.4.2 Mining
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2.4.3 Others
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2.5 Geography
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2.5.1 Asia-Pacific
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2.5.1.1 China
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2.5.1.2 India
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2.5.1.3 Japan
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2.5.1.4 South Korea
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2.5.1.5 Rest of Asia-Pacific
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2.5.2 North America
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2.5.2.1 United States
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2.5.2.2 Canada
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2.5.2.3 Mexico
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2.5.3 Europe
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2.5.3.1 Germany
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2.5.3.2 United Kingdom
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2.5.3.3 France
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2.5.3.4 Italy
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2.5.3.5 Rest of Europe
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2.5.4 South America
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2.5.4.1 Brazil
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2.5.4.2 Argentina
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2.5.4.3 Rest of South America
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2.5.5 Middle-East and Africa
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2.5.5.1 Saudi Arabia
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2.5.5.2 South Africa
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2.5.5.3 Rest of Middle-East and Africa
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Fracking Chemicals Fluid Market Size 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.
