Fracking Chemicals Market Size, Share, Trends, Industry Analysis Report: By Product, Well Type (Vertical Well and Horizontal Well), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2

The global fracking chemicals market size is expected to reach USD 70.69 billion by 2034, according to a new study by Polaris Market Research. The report “Fracking Chemicals Market Size, Share, Trends, Industry Analysis Report: By Product, Well Type (Horizontal Well and Vertical Well), Application, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Fracking involves injecting specialized fluids, such as sand, water, and chemicals, into fissures at extremely high pressures to fracture rock layers and extract oil and natural gas. Fracking chemicals are added to the fracking fluid to reduce friction, prevent corrosion, and improve extraction efficiency. Commonly used fracking chemicals include friction reducers, biocides, acids, ethylene glycol, sodium and potassium carbonate, citric acid, glutaraldehyde, and isopropanol.

Propant solutions are transported to the intended formation with the help of fracking chemicals and fluids, which also increase gel strength, lower friction, and preserve fluid viscosity at high temperatures. Many firms are spending money on research and development (R&D) projects to create ecologically friendly chemicals and fluids as environmental concerns increase. The demand for fracking chemicals and fluids is rising globally as a result of hydraulic fracturing's ability to extract previously unreachable oil and gas deposits.

The changing trend towards horizontal drilling due to its systematic approach to extracting unconventional shale reserves using hydraulic fracturing technology is also driving the expansion of the fracking chemicals market. In addition, the ongoing advancement of unconventional oil and gas sources to secure energy and reduce reliance on foreign oil imports in various nations is also driving the expansion of the market.

The fracking chemicals market is moderately competitive. As businesses strive to establish market expertise and enhance their reputation as reliable suppliers of essential fracking chemicals and fluids, brand reputation and thought leadership become crucial.

Key Highlights of Fracking Chemicals Market

Based on product, the water-based fluids segment led the market with a 70% revenue share in 2024. The cost-effectiveness, environmental friendliness, and convenience of handling water-based fluids drive their dominance.

By well type, the horizontal well segment dominated the market with an 85.1% revenue share in 2024, as horizontal wells have significantly higher production rates compared to vertical wells.

North America led the market with a 60.8% revenue share in 2024, driven by the region’s abundant shale formations, advanced drilling methods, and robust infrastructure.

The Asia Pacific fracking chemicals market is expected to register a CAGR of 3.1% during the forecast period. Rising energy consumption, urbanization, and industrialization are driving the regional market growth.

BASF SE, Akzo Nobel N.V., Halliburton Co., Chevron Phillips Chemical Company, Baker Hughes Incorporated, The DOW Chemical Company, Calfrac Well Services Ltd., E.I. Dupont De Nemours & Co., Albermarle Corporation, and Schlumberger Ltd. are some of the leading players in the market.

Polaris Market Research has segmented the fracking chemicals market report on the basis of product , well-type, application , and region:

Fracking Chemicals Market Segmentation

By Product Outlook (Revenue – USD Billion, 2020–2034)

Oil Based Fluids

Water Based Fluids

Foam Based Fluids

Synthetic Based Fluids

By Well Type Outlook (Revenue – USD Billion, 2020–2034)

Vertical Well

Horizontal Well

By Application Outlook (Revenue – USD Billion, 2020–2034)

Breakers

Cross-Linkers

Clay Control Agent

Friction Reducer

Gelling Agent

Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

North America

• US
• Canada

• Germany
• France
• UK
• Italy
• Spain
• Netherlands
• Russia
• Rest of Europe

• China
• Japan
• India
• Malaysia
• South Korea
• Indonesia
• Australia
• Rest of Asia Pacific

• Saudi Arabia
• UAE
• Israel
• South Africa
• Rest of the Middle East & Africa

• Mexico
• Brazil
• Argentina
• Rest of Latin America