Hydraulic FracturingCompanies (2024 - 2029)

Hydraulic Fracturing Market Companies Summary

The hydraulic fracturing market, which was significantly impacted by the COVID-19 pandemic, is predicted to grow in the coming years. Technological advancements and the introduction of better techniques are expected to drive this growth, despite the volatility in crude oil prices potentially restraining the market. The shale oil and gas sector, which uses various hydraulic fracturing techniques, was among the most affected during the pandemic. The market is moderately fragmented with several key players. These firms are contributing to the growth of the market, with the foam-based segment expected to witness significant growth due to its increasing usage and rising exploration and development in global oil and gas operations. The advancement in hydraulic fracturing techniques and the increasing viability of vertical integration are expected to act as opportunities for these businesses. With a significant number of oil and gas upstream projects requiring hydraulic fracturing, North America is expected to dominate the market.