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The fracking fluid market size has the potential to grow by USD 14.72 billion during 2020-2024, and the market’s growth momentum will accelerate at a CAGR of over 8%.
This report provides a detailed analysis of the market by application (onshore and offshore), geography (Americas, APAC, and EMEA), and key vendors
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The fracking fluid market is fragmented, and the degree of fragmentation will remain the same during the forecast period. The key players in the market are focusing on various growth strategies, including organizational restructuring, to expand their geographical reach and improve their market share. Solvay SA, Trican Well Service Ltd., and Weatherford International Plc. are some of the major market participants. Although the growing demand for oil and gas will offer immense growth opportunities, the environmental concerns associated with the hydraulic fracturing process will challenge the growth of the market participants. To make the most of the possibilities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this fracking fluid market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this fracking fluid market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading fracking fluid companies, including:
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The Americas was the largest fracking fluid market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The abundant availability of unconventional oil and gas reserves has led to the development of shale oil and gas production. This will significantly influence the growth of fracking fluid market size in the region.
Almost 89% of the market’s growth will originate from the Americas during the forecast period. Canada and South America are the key markets for fracking fluids in the region. Market growth in this region will be slower than the growth of the market in APAC.
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This report provides an accurate prediction of the contribution of all the segments to the growth of the fracking fluid market size.
The increase in energy demand across the world and the recovery in crude oil prices are supporting unconventional E&P activities. Onshore E&P activities are carried out at a lower cost, which leads to their rising adoption. The extraction of shale oil and gas require the use of hydraulic fracturing technique, which, in turn, has increased the demand for fracking fluid. Hence, market growth in the onshore the segment will be faster than the growth of the market in the offshore segment.
There is a continuous increase in the demand for oil and gas because of the rising consumption of energy and rapid urbanization. To cater to the growing energy demand, major oil and gas companies have increased their E&P activities. With the increasing use of fuel in developing economies, such as India and China, the demand for natural gas has also increased. Furthermore, oil and gas E&P companies are growing their well drilling activities to explore untapped reservoirs, with the growing demand for energy. Additionally, the increasing demand for oil and gas will redirect companies towards the production from alternative oil and gas production techniques to conventional techniques. This will augment the adoption of unconventional E&P techniques, such as horizontal drilling and hydraulic fracking. As fracking fluid is required in many unconventional E&P activities, the increase in demand for oil and gas E&P activities will influence the growth of the global fracking fluid market during the forecast period.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY APPLICATION
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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