Fracking Chemicals and Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Fracking Chemicals and Fluids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global fracking chemicals and fluids market size reached US$ 41.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 70.6 Billion by 2028, exhibiting a growth rate (CAGR) of 9% during 2023-2028.

Fracking, also known as hydraulic fracturing, is the process of injecting chemicals and fluids underground to create fissures and extract oil and natural gas. These fluids are commonly known as frac fluids or hydraulic-fracturing fluids and are composed of majorly of frac sand and water, with a small percentage of chemical additives. They are injected into the bedrock formation for creating new fractures in the rock and increasing the size, extent and connectivity of existing fractures. Different chemicals are used to perform various functions in hydraulic fracturing, depending on the required characteristics. Some of these functions include friction reducers, corrosion and scale inhibitors, gelling agents, surfactants, clay stabilizers, and biocides.

Fracking chemicals and fluids assist in carrying proppant solutions to the desired formation, improving gel strength, reducing friction and retaining the viscosity of the fluid at high temperatures. As hydraulic fracturing helps in reaching previously inaccessible oil and gas reserves, there is a rise in the demand for fracking chemicals and fluids across the globe. Moreover, the growing consumption of energy in emerging regions, such as Asia and Africa, is resulting in the escalating demand for natural gas and rising development in offshore activities, which in turn is driving the market growth. Apart from this, owing to the growing environmental concerns, several manufacturers in the industry are investing in research and development (R&D) activities to produce environment-friendly fluids and chemicals.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fracking chemicals and fluids market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, well type and function type.

Breakup by Type:

Water-Based
Foam-Based
Gelled Oil-Based
Others


Breakup by Well Type:

Horizontal Wells
Vertical Wells


Breakup by Function Type:

Gelling Agent
Friction Reducer
Surfactant
Scale Inhibitor
Clay Stabilizer
Acid
Cross-Linkers
Breaker
Ph Adjusting Agent
Iron Control Agent
Corrosion Inhibitor
Biocide
Others


Breakup by Region:

North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the Key Players being Akzo Nobel N.V., Albermarle Corporation, Ashland Inc., Baker Hughes Incorporated, BASF SE, Calfrac Well Services Ltd., Chevron Phillips Chemical Company, Clariant International Ltd., E.I. du Pont de Nemours and Company, FTS International, Halliburton Company, Pioneer Engineering Services, Schlumberger Ltd., The Dow Chemical Company, Weatherford International, etc.

Key Questions Answered in This Report:

How has the global fracking chemicals and fluids market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global fracking chemicals and fluids market?
What is the breakup of the market based on the type?
What is the breakup of the market based on the well type?
What is the breakup of the market based on the function type?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global fracking chemicals and fluids market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Fracking Chemicals and Fluids Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Water-Based
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Foam-Based
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Gelled Oil-Based
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Well Type
7.1 Horizontal Wells
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Vertical Wells
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Function Type
8.1 Gelling Agent
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Friction Reducer
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Surfactant
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Scale Inhibitor
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Clay Stabilizer
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Acid
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Cross-Linkers
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Breaker
8.8.1 Market Trends
8.8.2 Market Forecast
8.9 Ph Adjusting Agent
8.9.1 Market Trends
8.9.2 Market Forecast
8.10 Iron Control Agent
8.10.1 Market Trends
8.10.2 Market Forecast
8.11 Corrosion Inhibitor
8.11.1 Market Trends
8.11.2 Market Forecast
8.12 Biocide
8.12.1 Market Trends
8.12.2 Market Forecast
8.13 Others
8.13.1 Market Trends
8.13.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Indicators
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Akzo Nobel N.V.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Albermarle Corporation
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Ashland Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Baker Hughes Incorporated
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 BASF SE
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 Calfrac Well Services Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Chevron Phillips Chemical Company
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 SWOT Analysis
14.3.8 Clariant International Ltd.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 E.I. du Pont de Nemours and Company
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 FTS International
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Halliburton Company
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis
14.3.12 Pioneer Engineering Services
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.13 Schlumberger Ltd.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
14.3.14 The DOW Chemical Company
14.3.14.1 Company Overview
14.3.14.2 Product Portfolio
14.3.14.3 Financials
14.3.15 Weatherford International
14.3.15.1 Company Overview
14.3.15.2 Product Portfolio

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