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GLOBAL FRACKING FLUID AND CHEMICALS MARKET FORECAST 2018-2026

Global Fracking fluid and chemicals market is estimated to grow with approx.11.56% CAGR during the year 2017-2025. The base year considered for the study in 2016 and the forecast period is between 2017-2025. Global fracking fluid and chemicals market are primarily driven by following factors: The important driver increasing the growth of the Global Fracking Fluid and Chemicals Market is the rising consumption of natural gas. Natural gas is usually consumed in the residential and commercial areas, majorly for heating.

GLOBAL FRACKING FLUID AND CHEMICALS MARKET FORECAST 2018-2026

Fracking Fluid and Chemicals Market by Fluid Type (Gel Based Fluid, Foam Based Fluid, Water Based Fluid) by Well Type (Horizontal Well, Vertical Well) by Function Type (Gelling Agent, Friction Reducer, Surfactant, Biocide, Corrosion Inhibitor, Iron Control Agent, Ph Adjusting Agent, Breaker, Cross-Linkers, Acid, Clay Stabilizers, Scale Inhibitors) by Geography

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Global Fracking fluid and chemicals market is estimated to grow with approx.11.72% CAGR during the year 2018-2026. The base year considered for the study in 2017 and the forecast period is 2018-2026. Global fracking fluid and chemicals market is primarily driven by the following factors:

  • Increase in the use of natural gas as a transportation fuel
  • Inclination to lessen the dependence on foreign oil
  • Rising consumption of natural gas
  • Revival of unconventional resources

The important driver increasing growth in the global fracking fluid and chemicals market is the rising consumption of natural gas. Natural gas is usually consumed in the residential and commercial areas, majorly for heating; and in the industrial field ex: fertilizer manufacturers use natural gas as a raw material. The power sector is by far a major natural gas user accounting for about 40% of the world’s gas demand. Natural gas can meet the globally escalating power demand, and it creates less CO2 as compared to coal. Industries consume approximately 24% of world’ gas consumption while the residential/commercials applications consume around 22%.

There are several types of water-based fracking fluids available in the market such as slick water and uncrosslinked polymers, cross-linked polymers, and alternatives. Other two types of water-based fracking fluids include viscosified water-based and nonviscosified water-based fluids. The nonviscous slickwater fluids are pumped at extremely high rates, exceeding 60 bpm, for developing narrow fractures by just using small amounts of proppant. The key growth drivers for this market include the exploding demand for electricity and fuels, varying tendency of well drilling to horizontal drilling, significant hydraulic fracturing demand, and accelerated economic growth in the emerging markets.

Slowdown in deepwater drilling, contamination related issues and water availability and fracturing leading to several environmental hazards are the major factors hindering the fracking fluid and chemicals market. As the federal regulations are tightened around deepwater drilling, and the permitting process takes a longer time to achieve, oil and gas operators are likely to move towards onshore drilling or increase the production from the unconventional energy source. The permitting process for the latest deepwater drilling remains stagnant. Fracking process requires huge quantity of water which may cause water scarcity in the surrounding areas. Transportation of water from different regions at the fracking site results in the reduction of the water levels. Fracking can cause a threat to local water resources;mainly in regions where the water level is scarce. Also, since the cost to bring in water from distant places is much higher, companies prefer to use water from nearby regions to the well. This overburdens the treatment facilities of local water and highly impacts the local water channels. Hydraulic fracturing also results in contaminating groundwater.

 

The global fracking fluid and chemicals market segments include function type, fluid type and well type

Function type includes:

  • Gelling Agent
  • Friction Reducer
  • Surfactant
  • Biocide
  • Corrosion
  • Iron Control
  • pH Adjusting Agent
  • Breaker
  • Crosslinkers
  • Acid
  • Clay stabilizers
  • Scale inhibitors

Fluid type is segmented into:

  • Gel-Based
  • Foam Based
  • Water Based

Well type is segmented into:

  • Horizontal
  • Vertical

Geographically, the global fracking fluid and chemicals market has been segmented into four major regions, which include:

  • Fracking Fluid & Chemicals North America – U.S. & Canada
  • Asia Pacific – China, India, Japan, South Korea, Australia and RoAPAC
  • Europe – UK, France, Germany, Italy, Spain and RoE
  • Rest of World

 

North America dominates the global fracking fluid & chemical market due to the energy shift towards transitional fuel in the region and the need to fill the gap between supply and demand of oil and gas reserves. The market growth is further enhanced by the overall growth in fracking actions for oil & gas reserves. These actions consume massive quantities of fracking fluids due to which this market continues to grow.

The Asia Pacific is expected to be the fastest growing region in the world. Increasing demand for clean energy and the fluctuating natural gas prices and supply are the main drivers of the fracking fluids & chemicals market in the Asia Pacific.

The Fracking fluid and chemicals market is segmented based on function type which are sub-divided into gelling agent, friction reducer, surfactant, biocide, corrosion, iron control, pH adjusting agent, breaker, crosslinkers, acid, clay stabilizers, and scale inhibitors. The market is also segmented on the basis of fluid types which are sub-divided into gel based, foam based and water-based, while the well type segment can be classified on the basis of horizontal and vertical wells.

The major market players in the global fracking fluid and chemicals market are:

  • The Dow Chemical Company
  • Schlumberger Limited
  • Baker Hughes
  • Halliburton Energy Services Inc
  • Weatherford International Ltd
  • Others

Company profiles covers analysis of important players

These companies are using organic and inorganic strategies for growth. For instance, Weatherford International plc and Nabors Industries Ltd. announced in Feb 2017 that they had signed a non-binding Memorandum of Understanding (MOU) to form an alliance that is focused on delivering enhanced drilling solutions to the oil and gas land market in over 48 states of the United States. In October 2016, GE entered into an agreement to merge its oil-and-gas business with Baker Hughes Inc. to create a new entity.

Key findings of the global fracking fluid and chemicals market:

  • Rising consumption of natural gas and the revival of unconventional resources is fueling growth in the global fracking fluid and chemicals market.
  • North America accounted for the largest revenue share in 2017.
  • Water-based fluid is dominating the market due to factors like exploding demand for electricity and fuels, varying tendency of well drilling to horizontal drilling, significant hydraulic fracturing demand, and accelerated economic growth in emerging markets
  • Increasing government support
  • Product launch is the key strategy adopted by various market players of the global fracking fluid and chemicals market.
  • Friction reducer is the major segment of the market by function type.
  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • ESTIMATION METHODOLOGY
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
    • KEY FINDINGS
      • NORTH AMERICA DOMINATES THE GLOBAL FRACKING FLUID AND CHEMICALS MARKET
      • INDIA IS THE FASTEST GROWING COUNTRY
      • FRICTION REDUCERS HOLD A MAJOR CHUNK OF THE MARKET BY FUNCTION TYPE
  1. MARKET OVERVIEW
    • MARKET DEFINITION
    • DRIVERS
      • INCREASE IN THE USE OF NATURAL GAS AS A TRANSPORTATION FUEL
      • INCLINATION TO LESSEN THE DEPENDENCE ON FOREIGN OIL
      • RISING CONSUMPTION OF NATURAL GAS
      • REVIVAL OF UNCONVENTIONAL RESOURCES
    • RESTRAINTS
      • SLOWDOWN IN DEEP WATER DRILLING
      • CONTAMINATION RELATED ISSUES AND WATER AVAILABILITY
      • FRACTURING LEADS TO SEVERAL ENVIRONMENTAL HAZARDS
    • OPPORTUNITIES
      • GREEN TECHNOLOGIES ON THE RISE
      • RESEARCH IN VIABLE AND COST EFFECTIVE TECHNOLOGY
      • DEVELOPMENT OF ECO-FRIENDLY CHEMICALS
      • USE OF WATER-FREE FRACTURING FOAM
    • CHALLENGES
      • DIFFERENT GEOGRAPHIES POSE DIFFERENT THREATS
      • HIGH COST
      • RISE OF CLEAN ENERGY WITH DISCOVERY OF SHALE RESERVES
  1. GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FLUID TYPE 2018-2026 ($ MILLION)
    • BY GEL BASED FLUID
    • BY FOAM BASED FLUID
    • BY WATER BASED FLUID
  2. GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY WELL TYPE 2018-2026 ($ MILLION)
    • BY HORIZONTAL WELL
    • BY VERTICAL WELL
  3. GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FUNCTION TYPE 2018-2026 ($ MILLION)
    • BY GELLING AGENT
    • BY FRICTION REDUCER
    • BY SURFACTANT
    • BY BIOCIDE
    • BY CORROSION INHIBITOR
    • BY IRON CONTROL AGENT
    • BY PH ADJUSTING AGENT
    • BY BREAKER
    • BY CROSS-LINKERS
    • BY ACID
    • BY CLAY STABILIZERS
    • BY SCALE INHIBITORS
  4. KEY ANALYTICS
    • PORTER’S 5 FORCE ANALYSIS
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF SUBSTITUTE PRODUCTS
      • INTENSITY OF COMPETITIVE RIVALRY
      • THREAT OF NEW ENTRANTS
    • VALUE CHAIN ANALYSIS
      • CHEMICAL SUPPLIERS
      • MANUFACTURERS AND SUPPLIERS
      • END USERS
    • KEY BUYING CRITERIA
      • ENVIRONMENTAL SAFETY
      • AVAILABILITY
      • APPLICATION
      • PRICE
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  5. GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • UK
      • GERMANY
      • FRANCE
      • SPAIN
      •  ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
  6. COMPETITIVE LANDSCAPE
    • MARKET SHARE ANALYSIS
    • LIST OF TOP WINNING STRATEGIES
    • COMPANY PROFILES
      • THE DOW CHEMICAL COMPANY
      • SCHLUMBERGER LIMITED
      • BAKER HUGHES INCORPORATED
      • HALLIBURTON ENERGY SERVICES INC.
      • ANADARKO PETROLEUM CORPORATION
      • EOG RESOURCES INC.
      • FTS INTERNATIONAL INC.
      • WEATHERFORD INTERNATIONAL LTD.
      • PIONEER NATURAL RESOURCES
      • GLOBAL AM-TX INC.
      • BASF SE
      • MARATHON OIL CORPORATION
      • ECONOMY POLYMERS & CHEMICALS
      • NABORS INDUSTRIES, INC.
      • TRICAN WELL SERVICE LTD
      • REAGENT CHEMICAL AND RESEARCH, INC.
      • PATTERSON-UTI ENERGY INC.
      • EXXON MOBIL CORPORATION
      • CABOT OIL & GAS CORP.
      • DOMINION ENERGY INC.

 

LIST OF TABLES

TABLE 1 GLOBAL FRACKING FLUID AND CHEMICAL MARKET BY REGION 2018-2026 ($ MILLION)

TABLE 2 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FLUID TYPE 2018-2026 ($ MILLION)

TABLE 3 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY GEL BASED FLUID BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 4 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FOAM BASED FLUID BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 5 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY WATER BASED FLUID, BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 6 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY WELL TYPE 2018-2026 ($ MILLION)

TABLE 7 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY HORIZONTAL WELL BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 8 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY VERTICAL WELL BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 9 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FUNCTION TYPE 2018-2026 ($ MILLION)

TABLE 10 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 11 NORTH AMERICA DRIVERS AND RESTRAINTS

TABLE 12 NORTH AMERICA FRACKING FLUID AND CHEMICALS MARKET BY COUNTRIES 2018-2026 ($ MILLION)

TABLE 13 EUROPE DRIVERS AND RESTRAINTS

TABLE 14 EUROPE FRACKING FLUID AND CHEMICAL MARKET BY COUNTRIES 2018-2026 ($ MILLION)

TABLE 15 EXTRACTION OF HYDROCARBONS IN THE OFFSHORE PLATFORMS LOCATED WITHIN 12 MILES FROM THE COAST (2015)

TABLE 16 ASIA PACIFIC DRIVERS AND RESTRAINTS

TABLE 17 ASIA PACIFIC FRACKING FLUID AND CHEMICALS MARKET BY COUNTRIES 2018-2026 ($ MILLION)

TABLE 18 OTHER COUNTRIES WITH KNOWN RESERVES OF SHALE GAS (TCF) & TIGHT OIL (BILLION BARRELS)

 

LIST OF FIGURES

TABLE 1 GLOBAL FRACKING FLUID AND CHEMICAL MARKET BY REGION 2018-2026 ($ MILLION)

TABLE 2 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FLUID TYPE 2018-2026 ($ MILLION)

TABLE 3 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY GEL BASED FLUID BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 4 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FOAM BASED FLUID BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 5 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY WATER BASED FLUID, BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 6 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY WELL TYPE 2018-2026 ($ MILLION)

TABLE 7 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY HORIZONTAL WELL BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 8 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY VERTICAL WELL BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 9 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FUNCTION TYPE 2018-2026 ($ MILLION)

TABLE 10 GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)

TABLE 11 NORTH AMERICA DRIVERS AND RESTRAINTS

TABLE 12 NORTH AMERICA FRACKING FLUID AND CHEMICALS MARKET BY COUNTRIES 2018-2026 ($ MILLION)

TABLE 13 EUROPE DRIVERS AND RESTRAINTS

TABLE 14 EUROPE FRACKING FLUID AND CHEMICAL MARKET BY COUNTRIES 2018-2026 ($ MILLION)

TABLE 15 EXTRACTION OF HYDROCARBONS IN THE OFFSHORE PLATFORMS LOCATED WITHIN 12 MILES FROM THE COAST (2015)

TABLE 16 ASIA PACIFIC DRIVERS AND RESTRAINTS

TABLE 17 ASIA PACIFIC FRACKING FLUID AND CHEMICALS MARKET BY COUNTRIES 2018-2026 ($ MILLION)

TABLE 18 OTHER COUNTRIES WITH KNOWN RESERVES OF SHALE GAS (TCF) & TIGHT OIL (BILLION BARRELS)

 

  1. GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FLUID TYPE 2018-2026 ($ MILLION)
    • BY GEL BASED FLUID
    • BY FOAM BASED FLUID
    • BY WATER BASED FLUID
  2. GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY WELL TYPE 2018-2026 ($ MILLION)
    • BY HORIZONTAL WELL
    • BY VERTICAL WELL
  3. GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY FUNCTION TYPE 2018-2026 ($ MILLION)
    • BY GELLING AGENT
    • BY FRICTION REDUCER
    • BY SURFACTANT
    • BY BIOCIDE
    • BY CORROSION INHIBITOR
    • BY IRON CONTROL AGENT
    • BY PH ADJUSTING AGENT
    • BY BREAKER
    • BY CROSS-LINKERS
    • BY ACID
    • BY CLAY STABILIZERS
    • BY SCALE INHIBITORS
  4. KEY ANALYTICS
    • PORTERS 5 FORCE ANALYSIS
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • THREAT OF SUBSTITUTE PRODUCTS
      • INTENSITY OF COMPETITIVE RIVALRY
      • THREAT OF NEW ENTRANTS
    • VALUE CHAIN ANALYSIS
      • CHEMICAL SUPPLIERS
      • MANUFACTURERS AND SUPPLIERS
      • END USERS
    • KEY BUYING CRITERIA
      • ENVIRONMENTAL SAFETY
      • AVAILABILITY
      • APPLICATION
      • PRICE
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  5. GLOBAL FRACKING FLUID AND CHEMICALS MARKET BY GEOGRAPHY 2018-2026 ($ MILLION)
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • UK
      • GERMANY
      • FRANCE
      • SPAIN
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • INDIA
      • CHINA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD

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