The findings reviewed by GME stated that the Global Fracking Fluids and Chemicals Market will expand with a high CAGR value from 2021 to 2026. The boom in the investments in fracking technologies and the increased number of fractured wells in America is revving up the demand for fracking chemicals.
Browse 159 Market Data Tables and 119 Figures spread through 189 Pages and in-depth TOC on "Global Fracking Fluid and Chemicals Market - Forecast to 2026"
By Function Type (Biocides, Friction Reducers, Gelling Agents, Cross Linkers, Scale Dissolvers, Corrosion Inhibitors, Others), By Fluid Type (Water-Based Oil-Based, Foam Based, Other Fluid Types), By Region (North America, Asia Pacific, Europe, Central & South America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Key Market Insights
· Friction reduction is a function performed by the fracking fluids and would help the market to prosper in the upcoming years.
· Slickwater is a type of water-based fluid that contributes to the rising segment’s demand. Slickwater is being preferred over gel-based fluids.
· Ashland, Baker Huges, Chevron Corp., BASF, ExxonMobil, Weatherford International Clariant, Conoco Phillips Co, Albemarle, AkzoNobel, Schlumberger, Odfjell Drilling, and Halliburton are important players in this market.
Browse the Report @ https://www.globalmarketestimates.com/market-report/global-fracking-fluids-and-chemicals-market-2726
Function Outlook (Revenue, USD Billion, 2021-2026)
· Friction Reducers
· Gelling Agents
· Cross Linkers
· Scale Dissolvers
· Corrosion Inhibitors
Fluid Type Outlook (Revenue, USD Billion, 2021-2026)
· Water-Based Fluid
· Oil-Based Fluid
· Foam Based Fluid
Regional Outlook (Revenue, USD Billion, 2021-2026)
Rest of Europe
Rest of APAC
Central & South America
Rest of CSA
Middle East & Africa
Rest of MEA
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Category Chemicals &
Fracking Fluids and Chemicals Market Insights
The use of fracking fluids is highly appreciated in the American energy sector. The widespread use of
fracking fluid and chemicals finds their high-end applications in the drilling of oil and gas. Modern age
civilization consumptions of oil and gas have been on the rise as their daily needs surpass the supply
of the product. As per the IEA estimates, the supply of oil is bound to rise by 5.9 mb/d. With the rise of
the United States as the global superpower in the exploration of oil and gas, the market’s prospects
will grow to compensate for the rising supply of oil across the globe.
The market in the past years has seen its demand rise due to the technological innovations to make
the process of fracking more productive and through the use of the distinct forms of fracking liquid.
The introduction of horizontal drilling and the mix of water, sand, and other chemicals with fracking
fluids drove the market demand to reach heights in the 2014 period.
The boom in the investments in fracking technologies and the increased number of fractured wells in
America is revving up the demand for fracking chemicals. Hydraulic fracturing remains a dominating
technique in the USA market and almost 59% of the crude oil in the USA is produced by fracking,
affecting positively the market for chemicals exploited in fracking. Hydraulic fracturing in the USA was
responsible for producing 6.44 barrels of crude oil as per the U.S. Energy Information Administration
database for the year 2018.
Other factors that influence the market demand are the oil prices apart from the growing demand for
oil and gas. The engagement of large companies in the fracking industry also adds to large market
demand for chemicals and distinct fluids for fracking. Chevron Corp and Conoco Phillips Co are some of
the eminent players engaged in the fracking of we