Transparency
Market Research Reports included a detailed market survey and analysis trends
on “Fracking Chemicals and Fluids
Market”. This report also includes more info about basic overview of
the industry including definitions, applications and global market industry
structure.
Fracking
chemicals and fluids are a range of chemicals and solutions which are used in
the hydraulic fracturing of rock by a pressurized fluid. They are classified on
the basis of horizontal and vertical products. Various types of fluids are used
in the process such as water-based, foam-based, and gelled oil based products.
In terms of chemicals, certain solutions such as corrosion inhibitors, scale
inhibitors, surfactants and friction reducers are applied in the process of
fracking. The market has been witnessing a positive growth, due to the
continued development of unconventional sources of oil and gas, coupled with
the growing demand for energy security in many countries.
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The
market for fracking fluids and chemicals has been experiencing noticeable
growth on account of the changing trends in drilling from vertical to
horizontal as more unconventional reserves are being tapped. Resources such as
shale gas require significant amount of horizontal drilling to cover a large
surface area, increasing the rate of production of gas which in turn is
expected to boost the demand for fracking fluids in horizontal drilling
applications. However, fracking has been facing a lot of oppositions due to
environmental hazards caused by fracturing which in turned is expected to
hamper the growth of the market. Focus on conducting extensive R&D
activities to manufacture improved chemicals and fluids which are eco-friendly
in nature are expected to provide new opportunities for the growth of the
market.
North
America was the largest consumer for the fracking chemicals and fluids market
mainly due to advanced technology available to drill and recover gas and oil
from unconventional resources. Other regions such as Asia Pacific are expected
to witness significant growth owing to growing number of industrial activities
in the region.
AkzoNobel,
Albermarle, Ashland, Baker Huges, Calfrac Well Services, , Chevron Phillips
Chemical Company, Dow Chemical Company, DuPont, FTS International, Trican Well
Services, Solvay are some of the major manufacturers of fracking fluids and
chemicals dominating the market.
This
research report analyzes this market depending on its market segments, major
geographies, and current market trends. Geographies analyzed under this
research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This
report is a complete study of current trends in the market, industry growth
drivers, and restraints. It provides market projections for the coming years.
It includes analysis of recent developments in technology, Porter’s five force
model analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing market
players and new entrants along with detailed value chain analysis.
More Reports on Chemicals and Materials Market:
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