Fracking Fluids and Chemicals Market
Fracking Fluids and Chemicals Market By Function Type (Biocides, Corrosion Inhibitors, Friction Reducers, Gelling Agents, Scale Dissolvers, Cross-Linkers), By Type (Water-based, Oil-based, Foam-based), By Region - Forecast to 2020 to 2030
Analysis of Fracking Fluids and Chemicals market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Fracking Fluids and Chemicals Market: About the Report
The fracking fluids and chemicals market is set to exhibit growth at a positive rate, especially as countries around the world continue witnessing surging energy demand. Increasing number of exploration activities undertaken worldwide also is prognosticated to offer lucrative prospects.
Fact.MR identifies the rising demand for natural gas as a chief driving factor. As behemoths in the energy sector increasingly rely on hydraulic fracking for oil and gas extraction, the demand for fracking fluids and chemicals is likely to rise.
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Global Fracking Fluids and Chemicals Market Overview
Fracking fluids and chemicals find applications in hydraulic fracturing. These fluids and chemical additives help in preventing corrosion, dissolving minerals, stabilizing the product, preventing scale deposition, and maintaining viscosity of fluid among others in order to offer access cleaner energy through hydraulic fracturing process.
Fracking fluids and chemicals thus play a crucial role in improving yield and quality of the final product. The global fracking fluids and chemicals market is driven by consistent rise in oil exploration activities across the world.
Also, the adoption of natural gas by countries is anticipated to create attractive opportunities for the players in the market. Several countries across Europe, including Germany, Netherlands, and France have called for European Union (EU) legislation to improve funding on low-carbon technologies. Various policies are underway to support renewable power.
Driven by these factors, global fracking fluids and chemicals market is projected to exhibit growth at a CAGR of more than 10% over the forecast period 2020 to 2030, according to a recent report published by Fact.MR.
However, stringent environmental regulations and government restrictions towards fracking fluids and chemicals can act as market deterrents in the near future.
Increase in Horizontal Drilling Of Wells to Fuel Demand
Rising demand for energy is generating need for more exploration which is directly impacting the demand for fracking fluids and chemicals in a positive way.
Consequently, horizontal drilling of wells for oil extraction is seeing an increased demand over the past decade. This has led to an increase in the horizontal fracking activity. This trend is expected to continue over the forecast period, boosting the fracking fluids and chemicals market growth.
Horizontal fracking activity needs large amount of fracking fluids and chemicals compared to vertical fracking. Furthermore, horizontal drilling has a much lesser impact on environment compared to vertical drilling.
Also, companies are able to extract large amount of oil from one horizontal well instead of drilling more than a dozen vertical wells. This helps in saving cost and time for the oil and gas companies. These factors are likely to offer lucrative growth prospects for the market.
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Rising Energy Demand to Stimulate Market Growth
Demand for energy is on the rise with each passing day across the globe. Countries around the world are investing more in industries to give boost to their economies by increasing production. According to the International Energy Agency (IEA), a total of US$ 259 Bn was invested in energy efficiency across transport, industry, and building sectors in 2019.
Despite a lackluster period due to ongoing COVID-19 crisis, this trend is likely to pick up in the coming years. Besides this, surging population and subsequently rising energy demand are expected to propel growth of fracking fluid and chemicals market in the next decade.
Environmental Concerns May Hamper Market Growth
Rising concerns regarding impacts of fracking activities on the environment might act as a market restraint in the near future.
Fracking activity can lead to contamination of surface and ground water in the nearby region of the wells. Also, the supply of water to the area might get affected as fracking activity requires large amount of water.
These concerns have led to the introduction and implementation of stringent regulations to ensure environmental safety and need for alternatives. Thus, anticipated to hamper the market growth in the next decade.
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Regional Outlook of Fracking Fluid and Chemicals Market
North America is the most lucrative region for fracking fluid and chemicals market. Its dominance is anticipated to continue over the forecast period. This can be attributed to the drilling industry which is highly developed in the region, and thus the requirement of fracking chemicals in the region is high.
Asia Pacific is expected to exhibit significant growth in the next decade owing to rise in consumption of energy. Growth in the region is led by China, which has the most number of shale reservoirs after the U.S. and Canada.
Europe too is expected to emerge as a lucrative market in the near future owing to rising oilfield productions led by deep water discoveries in the North Sea. The region is expected to provide potential opportunities to the fracking fluid and chemical companies over the forecast period as development of offshore and unconventional reservoirs is picking pace in the region.
Fracking Fluid and Chemicals Market Insights by Function Type
Fracking fluid and chemical market is segmented on the basis of function type as biocides, corrosion inhibitors, friction reducers, gelling agent, scale dissolver, cross-linkers and others.
Among these, gelling agent segment is expected to be the most lucrative segment over the forecast period.
Fracking Fluid and Chemicals Market Insights by Fluid Type
Fracking fluid and chemical market is segmented on the basis of fluid type as water based, oil based, foam based, and others.
Among these, water based fluid is more commonly used hence it holds the major market share. Water based fluids have various applications and advantages such as its cost effectiveness and ability to be pumped at higher rate.
Fracking Fluid and Chemicals Market: Competitive Landscape
Presence of a large number of players make global fracking fluids and chemicals market highly competitive.
Companies in the market are adopting strategies such as partnerships, collaborations, and joint ventures in order to increase penetration worldwide and expand customer base. Also, these strategic collaborations help players address the changing technological requirements.
For instance, Aker Solutions, an oil services company from Norway signed agreement to acquire Reinertsen, an oil services provider recently. Moreover, , Established players including Halliburton Company, and Cargill Inc., have initiated the production of bio-based drill muds in order to expand their product portfolio
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.
The Analyst’s Quote
“Global fracking fluid and chemical market is projected to grow at CAGR of more than 10% over the forecast period 2020 to 2030. The growth can be attributed to increased popularity of horizontal and directional drilling. However, companies need to take cognizance of environmental concerns arising as a result of fracking activities and find alternatives to cope up with this problem in order to achieve consistent market growth.”
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.
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By Function Type :
- Biocides
- Corrosion Inhibitors
- Friction Reducers
- Gelling Agents
- Scale Dissolvers
- Cross-Linkers
- Others
-
By Fluid Type :
- Water-based
- Oil-based
- Foam-based
- Others
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By Region :
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Production Outlook, by Region
- 4. Price Trend Analysis, 2020 to 2030
- 5. Global Market Analysis and Forecast, by Function Type, 2020 to 2030
- 5.1. Biocides
- 5.2. Corrosion Inhibitors
- 5.3. Friction Reducers
- 5.4. Gelling Agents
- 5.5. Scale Dissolver
- 5.6. Cross-linkers
- 5.7. Others
- 6. Global Market Analysis and Forecast, by Fluid Type, 2020 to 2030
- 6.1. Water Based
- 6.2. Oil Based
- 6.3. Foam Based
- 6.4. Others
- 6.5. Other Fluid Types
- 7. Global Market Analysis and Forecast, by Region, 2020 to 2030
- 7.1. North America
- 7.2. Europe
- 7.3. Asia Pacific
- 7.4. Middle East & Africa
- 7.5. Latin America
- 8. North America Market Analysis and Forecast, 2020 to 2030
- 9. Europe Market Analysis and Forecast, 2020 to 2030
- 10. Asia Pacific Market Analysis and Forecast, 2020 to 2030
- 11. Latin America Market Analysis and Forecast, 2020 to 2030
- 12. Middle East & Africa Market Analysis and Forecast, 2020 to 2030
- 13. Competition Landscape
- 13.1. Baker Hughes
- 13.2. Schlumberger
- 13.3. Ashland
- 13.4. Weatherford International and Halliburton
- 13.5. BASF
- 13.6. Chevron Phillips Chemical
- 13.7. Albemarle
- 13.8. Clariant
- 13.9. AkzoNobel
- 13.10. Calfrac Well Services
- 13.11. FTS International
- 13.12. Dow Chemical Company
- 13.13. EOG Resources
- 13.14. Dupont
- 13.15. Pioneer Natural Resources
- 14. Assumptions & Acronyms Used
- 15. Research Methodology
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List Of Table
Table 1 Global Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 2 Global Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 3 Global Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 4 Global Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 5 Global Market Volume (Tons) Forecast, by Region, 2020 to 2030
Table 6 Global Market Value (Mn) Forecast, by Region, 2020 to 2030
Table 7 North America Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 8 North America Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 9 North America Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 10 North America Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 11 North America Market Volume (Tons) Forecast, by Country, 2020 to 2030
Table 12 North America Market Value (Mn) Forecast, by Country, 2020 to 2030
Table 13 U.S. Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 14 U.S. Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 15 U.S. Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 16 U.S. Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 17 Canada Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 18 Canada Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 19 Canada Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 20 Canada Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 21 Europe Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 22 Europe Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 23 Europe Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 24 Europe Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 25 Europe Market Volume (Tons) Forecast, by Country and Sub-region, 2020 to 2030
Table 26 Europe Market Value (Mn) Forecast, by Country and Sub-region, 2020 to 2030
Table 27 Germany Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 28 Germany Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 29 Germany Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 30 Germany Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 31 U.K. Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 32 U.K. Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 33 U.K. Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 34 U.K. Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 35 France Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 36 France Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 37 France Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 38 France Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 39 Italy Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 40 Italy Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 41 Italy Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 42 Italy Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 43 Spain Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 44 Spain Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 45 Spain Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 46 Spain Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 47 Russia & CIS Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 48 Russia & CIS Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 49 Russia & CIS Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 50 Russia & CIS Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 51 Rest of Europe Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 52 Rest of Europe Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 53 Rest of Europe Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 54 Rest of Europe Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 55 Asia Pacific Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 56 Asia Pacific Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 57 Asia Pacific Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 58 Asia Pacific Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 59 Asia Pacific Market Volume (Tons) Forecast, by Country and Sub-region, 2020 to 2030
Table 60 Asia Pacific Market Value (Mn) Forecast, by Country and Sub-region, 2020 to 2030
Table 61 China Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 62 China Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 63 China Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 64 China Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 65 Japan Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 66 Japan Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 67 Japan Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 68 Japan Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 69 India Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 70 India Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 71 India Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 72 India Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 73 ASEAN Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 74 ASEAN Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 75 ASEAN Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 76 ASEAN Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 77 Rest of Asia Pacific Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 78 Rest of Asia Pacific Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 79 Rest of Asia Pacific Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 80 Rest of Asia Pacific Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 81 Latin America Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 82 Latin America Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 83 Latin America Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 84 Latin America Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 85 Latin America Market Volume (Tons) Forecast, by Country and Sub-region, 2020 to 2030
Table 86 Latin America Market Value (Mn) Forecast, by Country and Sub-region, 2020 to 2030
Table 87 Brazil Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 88 Brazil Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 89 Brazil Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 90 Brazil Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 91 Mexico Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 92 Mexico Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 93 Mexico Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 94 Mexico Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 95 Rest of Latin America Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 96 Rest of Latin America Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 97 Rest of Latin America Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 98 Rest of Latin America Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 99 Middle East & Africa Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 100 Middle East & Africa Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 101 Middle East & Africa Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 102 Middle East & Africa Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 103 Middle East & Africa Market Volume (Tons) Forecast, by Country and Sub-region, 2020 to 2030
Table 104 Middle East & Africa Market Value (Mn) Forecast, by Country and Sub-region, 2020 to 2030
Table 105 GCC Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 106 GCC Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 107 GCC Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 108 GCC Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 109 South Africa Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 110 South Africa Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 111 South Africa Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 112 South Africa Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
Table 113 Rest of Middle East & Africa Market Volume (Tons) Forecast, by Function Type, 2020 to 2030
Table 114 Rest of Middle East & Africa Market Value (Mn) Forecast, by Function Type, 2020 to 2030
Table 115 Rest of Middle East & Africa Market Volume (Tons) Forecast, by Fluid Type, 2020 to 2030
Table 116 Rest of Middle East & Africa Market Value (Mn) Forecast, by Fluid Type, 2020 to 2030
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List Of Figures
Figure 1 Global Price Trend, by Region, 2020 to 2030 (US$/Ton)
Figure 2 Global Market Volume Share, by Function Type, 2019, 2025, and 2030
Figure 3 Global Market Attractiveness, by Function Type
Figure 4 Global Market Volume Share, by Fluid Type, 2019, 2025, and 2030
Figure 5 Global Market Attractiveness, by Fluid Type
Figure 6 Global Market Volume Share, by Region, 2019, 2025, and 2030
Figure 7 Global Market Attractiveness, by Region
Figure 8 North America Market Volume Share, by Function Type, 2019, 2025, and 2030
Figure 9 North America Market Attractiveness, by Function Type
Figure 10 North America Market Volume Share, by Fluid Type, 2019, 2025, and 2030
Figure 11 North America Market Attractiveness, by Fluid Type
Figure 12 North America Market Volume Share, by Country, 2019, 2025, and 2030
Figure 13 North America Market Attractiveness, by Country
Figure 14 Europe Market Volume Share, by Function Type, 2019, 2025, and 2030
Figure 15 Europe Market Attractiveness, by Function Type
Figure 16 Europe Market Volume Share, by Fluid Type, 2019, 2025, and 2030
Figure 17 Europe Market Attractiveness, by Fluid Type
Figure 18 Europe Market Volume Share, by Country and Sub-region, 2019, 2025, and 2030
Figure 19 Europe Market Attractiveness, by Country and Sub-region
Figure 20 Asia Pacific Market Volume Share, by Function Type, 2019, 2025, and 2030
Figure 21 Asia Pacific Market Attractiveness, by Function Type
Figure 22 Asia Pacific Market Volume Share, by Fluid Type, 2019, 2025, and 2030
Figure 23 Asia Pacific Market Attractiveness, by Fluid Type
Figure 24 Asia Pacific Market Volume Share, by Country and Sub-region, 2019, 2025, and 2030
Figure 25 Asia Pacific Market Attractiveness, by Country and Sub-region
Figure 26 Latin America Market Volume Share, by Function Type, 2019, 2025, and 2030
Figure 27 Latin America Market Attractiveness, by Function Type
Figure 28 Latin America Market Volume Share, by Fluid Type, 2019, 2025, and 2030
Figure 29 Latin America Market Attractiveness, by Fluid Type
Figure 30 Latin America Market Volume Share, by Country and Sub-region, 2019, 2025, and 2030
Figure 31 Latin America Market Attractiveness, by Country and Sub-region
Figure 32 Middle East & Africa Market Volume Share, by Function Type, 2019, 2025, and 2030
Figure 33 Middle East & Africa Market Attractiveness, by Function Type
Figure 34 Middle East & Africa Market Volume Share, by Fluid Type, 2019, 2025, and 2030
Figure 35 Middle East & Africa Market Attractiveness, by Fluid Type
Figure 36 Middle East & Africa Market Volume Share, by Country and Sub-region, 2019, 2025, and 2030
Figure 37 Middle East & Africa Market Attractiveness, by Country and Sub-region
Figure 38 Global Market Share Analysis, by Company, 2019
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the growth rate of the Fracking Fluids and Chemicals Market?
Global fracking fluids and chemicals market is projected to exhibit growth at a CAGR of more than 10% over the forecast period 2020-2030
Who are the key players in the Fracking Fluids and Chemicals market?
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
Fracking Fluids and Chemicals Market