According to the latest report by IMARC Group: the global hydraulic fracturing market size reached US$ 41.3 Billion in 2021.
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Global Hydraulic Fracturing Market
Research Report 2022-2027
Author: Elena Anderson
© 2022 IMARC All Rights Reserved
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Report Description and Highlights
Global Hydraulic Fracturing Market Outlook 2022-2027:
The latest report by IMARC Group, titled "Hydraulic Fracturing Market: Global Industry Trends,
Share, Size, Growth, Opportunity and Forecast 2022-2027," finds that the global hydraulic fracturing
market size reached US$ 41.3 Billion in 2021.
Hydraulic fracturing, also known as fracking, is a well-drilling technique employed to extract
petroleum (oil) or natural gas trapped deep underground in sedimentary rock formations. It involves
creating new fractures or cracks in low-permeability rocks by injecting water, chemicals, and sand at
high pressure into oil- or gas-bearing rock formations of the well to enhance the oil and gas flow. It
can also increase the size, e