Fracking Fluid and Chemicals Market Analysis Report, 2015 to 2025 - PowerPoint PPT Presentation

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Fracking Fluid and Chemicals Market Analysis Report, 2015 to 2025

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The global fracking fluid and chemicals market is anticipated to witness steady growth over the forecast period. These are utilized in hydraulic fracturing for the recovery of oil and shale gas. – PowerPoint PPT presentation

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Title: Fracking Fluid and Chemicals Market Analysis Report, 2015 to 2025


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Fracking Fluid and Chemicals Market Size, Share,
Growth Rate, Regional Outlook, Trends and
Forecasts to 2025 Hexa Research
Global fracking fluid and chemicals market is
expected to attend consistent growth till 2025
30 October 2018, the global Fracking Fluid and
Chemicals Market is anticipated to witness steady
growth over the forecast period. These are
utilized in hydraulic fracturing for the recovery
of oil and shale gas. This stimulus is typically
carried out once throughout the productive
existence of a well and it helps in eradicating
gas and oil, thus improving well efficiency. This
factor is anticipated to drive the market growth
over the forecast period.
Integral components of fracking chemicals and
fluids differ depending on the type of
fracturing, situations of wells, and condition of
water in the field. A typal fracture treatment
uses around three to 12 chemical additives. This
process is initially employed to extract coalbed
methane (CBM), unconventional liquids, shale gas,
tight gas, and other products which are hard to
convalesce through usual drilling processes.
Growth in adoption of unconventional resources of
gas and oil such as shale and CBM is expected to
drive market over the forecast period. Many
recognized businesses are using hydraulic
fracturing for conventional gas and oil
resources. Growing concern among countries
regarding safe energy resources is anticipated
to further impel market expansion. Requirement of
fuel for industrial and domestic consumption is
expected to further boost market over the
forecast period.
Browse Details of Report _at_ https//www.hexaresearc
h.com/research-report/fracking-fluid-chemicals-mar
ket
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The market has acknowledged backward integration
of companies into manufacturing of fracking
chemicals and fluids. Hydraulic fracturing
enterprises have set up different departments for
the expansion of oilfield chemicals that produce
fluids and chemicals with the required
properties. Demand from areas with potential for
unconventional gas reserve is expected to bode
well for product demand in near future.
Efforts for energy sovereignty are expected to
drive the market over the forecast period.
Various countries are eager to ascertain energy
security. Hence, many government bodies are
adopting wide-ranging alternatives to natural
gas. For example, utilization of natural gas as
fuel source for vehicles. Low price of natural
gas is also expected to drive the demand.
However, widespread opposition owing to harmful
impact of hydraulic fracturing on environment
is anticipated to hinder growth of the global
market. Ecological effects such as climate
change, air pollution, rising risk of
earthquakes, higher water consumption, and water
contamination are some of the biggest challenges
for the market. Various countries have laid down
stern regulations over utilization of
hydraulic fracturing. This factor is also
expected to challenge market expansion to an
extent.
Having said that, the objective of these
countries to accomplish energy security through
domestic gas production is expected bode well for
market growth. Rising concerns regarding the
consumption of water in restricted supply regions
and other environmental hazards can be tackled by
using foam-based fluids. This alternative
utilizes less water and could assist companies in
addressing concerns over ecological effects
of fracturing.
North America, Europe, Africa, Asia Pacific and
Middle East are the major geographic regions in
the market. Augmented fracturing activities to
boost extraction of gas and oil from North
American reserves is poised to drive regional
market. Asia Pacific is projected to register
fastest growth over the forecast period on
account of rapid technological advancements and
high demand for energy resources.
Socioeconomic and industrial growth in emerging
economies is driving the fracking fluids market
in Asia-Pacific, Africa, and Latin America.
Cross-linker, biocide, corrosion inhibitor,
gelling agent, adjusting agent, surfactant,
friction reducer, breaker, clay stabilizer, pH
adjusting agent, and acids and scale inhibitors
are some of the prominent types of liquid bases
used in the industry. Fracking is performed on
the basis of foam-, water-, and gelling oil-based
fluids.
Some of the key players in the global fracking
fluid and chemicals market are Akzo Nobel, FTS
International, Baker Hughes, Calfrac Well
Services, Trican Well Services, Clariant, BASF,
Dow Chemical, Halliburton, Albemarle, Chevron
Phillips Chemical, Weatherford, Solvay and
DuPont. Key companies are Baker Hughes,
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Schlumberger, and Halliburton. All of these
companies are integrating their business
processes to develop fracking fluids and
chemicals. Hands-on knowledge of top players in
hydraulic fracturing gives them the advantage to
produce the most suitable materials.
The market is highly fragmented on account of a
vast number of industry players. However, it is
strengthened by the top three companies capturing
the larger share of the overall market. The
fracking products are processed further by the
hydraulic fracturing service providers themselves
through vertical integration or are resourced
from chemical manufacturers. The market is highly
fragmented on account of a vast number of
industry players.
Browse Related Category Market Reports _at_
https//www.hexaresearch.com/research-category/bul
k-chemicals-industry
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About Us
Hexa Research is a market research and consulting
organization, offering industry reports, custom
research and consulting services to a host of key
industries across the globe. We offer
comprehensive business intelligence in the form
of industry reports which help our clients obtain
clarity about their business environment and
enable them to undertake strategic growth
initiatives.
Contact Us
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018 United States
Phone 1-800-489-3075 Email sales_at_hexaresearch.c
om Website - https//www.hexaresearch.com
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