Fracking Chemicals Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

1
(No Transcript)
2
Fracking Chemicals Market Research Report
Forecast to 2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
REQUEST SAMPLE
VIEW REPORTS
3
Fracking Chemicals Market - 2023
Global Fracking Chemicals Market
Information By Function (Gelling Agent, Friction
Reducer, Corrosion Inhibitor, Biocide,
Surfactant, Scale Inhibitor, Acid), Fluid Type
(Water Based, Oil Based, Foam Based), And Region
Forecast Till 2023 Market Synopsis Fracking
chemicals are used in drilling operations to
increase the extraction efficiency of
hydrocarbons. These fracking chemicals are added
to water and sand to obtain the desired mixture
of fracking fluid. The composition of the
fracking fluid varies with each industry player
depending on the availability of water in the
manufacturing facility, regulations instructed by
local as well as state governments. The hydraulic
fluid can be water based, oil based, or foam
based. The fracking process increases the flow of
oil and gas to wells by hydraulic fracturing the
rocks by pressurization, which increases the oil
gas extraction per well and reduces the total
number of wells needed to extract resources.
Fracking process also allows commercialization of
low permeability reservoirs in which oil and gas
do not easily flow. Fracking chemicals perform
several functions such as a carrier, solvent,
biocides, scale inhibitor, friction reducer,
additive, corrosion inhibitor, and non-ionic
surfactants. Rising demand for oil gas across
the globe owing to growing fuel energy demand
on account of expanding population are likely to
fuel the market growth over the forecast period.
Additionally, shifting trend towards horizontal
drilling growth owing to its systemic mechanism
to recover the unusual shale reserves with
hydraulic fracturing technology is likely to
impact the fracking chemicals market over the
forecast period positively. Furthermore,
continued development of unconventional sources
of oil and gas to ensure energy security and to
lessen dependence on foreign oil in many
countries are expected to propel the market
growth during the forecast period. However, each
frack contain approximately 80-300 tons of
chemicals, which are selected from the menu of
600 different chemicals, and the composition of
most of the fracking chemicals are protected from
disclosure by various trade secrets exemptions
under state or federal law. Studies by the U.S
Environmental Protection Agency have identified
many fracking chemicals as toxic and possess high
VOC content. Stringent regulations by the US EPA
over the toxicity concerns are likely to restrict
the market growth particularly in North America
and Europe during the forecast period.
4
Fracking Chemicals Market - 2023
Market Segmentation The global fracking
chemicals market is segmented by function, fluid
type, and region. On the basis of the function,
the global fracking chemicals market is segmented
into the gelling agent, friction reducer,
corrosion inhibitor, biocide, surfactant, scale
inhibitor, clay stabilizer, acid, cross-linkers,
breaker, pH adjusting agent, iron control agent,
and others. On the basis of the fluid type, the
global fracking chemical market is segmented into
water based, oil based, and foam based. Regional
Analysis The global fracking chemicals market is
segmented into five regions namely Asia Pacific,
North America, Europe, Latin America, and the
Middle East and Africa. North America is
expected to be the largest market for fracking
chemicals due to strong demand from the
established oilfield industry on account of major
shale gas revolution and growing research and
development activities over the forecast
period. Europe is another major market for
fracking chemicals due to growing offshore
oilfield activities in the North Sea on account
of exploring newer reserves and is expected to
show a considerable growth over the forecast
period. Asia Pacific is expected to be the
fastest growing market for fracking chemical and
is expected to witness a rising demand during the
forecast period. Rapid industrialization
urbanization in emerging economies have rapidly
increased the demand for fuel and energy and
thus, positively impacted the oilfield industry.
Majority of oil gas exploration and production
activities are centered in China, Indonesia,
South Korea, Australia, and India. The Middle
East Africa is expected to witness increasing
demand for fracking chemicals over the forecast
period due to the high concentration of oilfield
reserves and establishes oil gas industries in
the region. Latin America held the least share
of the global fracking chemicals market in 2017
and is likely to show sluggish growth over the
forecast period.
5
Fracking Chemicals Market - 2023
Key Players Some of the major players operating
in the global fracking chemicals market are
AkzoNobel N.V.(Netherlands), Ashland Inc. (U.S.),
Baker Hughes Incorporated (U.S.), Halliburton.
(U.S.), Schlumberger Limited (U.S.), BASF SE
(Germany), Chevron Phillips Chemical Company
(U.S.), Clariant International AG (Switzerland),
DowDuPont Inc. (U.S.), Albemarle Corporation.
(U.S.), FTS International Inc. (U.S.), Calfrac
Well Services Ltd. (Canada), and EOG Resources,
Inc. (U.S.). Intended Audience Fracking chemicals
manufacturers Traders and distributors of
fracking chemicals Research and development
institutes Potential investors Raw material
suppliers Nationalized laboratory
6
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
7
(No Transcript)