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Hydraulic Fracturing Fluids Market : Industry Trends, Size, Growth Insight, Share, Competitive Analysis, Statistics, Regional, And Industry Forecast To 2024

Hydraulic Fracturing Fluids

Hydraulic Fracturing Fluids Market offer significant and proficient insights into the current market scenario and the emerging growth dynamics. The report on Hydraulic Fracturing Fluids Market provides the market players as well as the new visitors to show complete view of the market landscape. The comprehensive research will enable the well-established as well as the emerging players to establish their business strategies and achieve their short-term and long-term goals. The report also presents a significant evaluation of the scope of the regions and where the key participants might find potential growth opportunities in future.

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The Hydraulic Fracturing Fluids Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered financial information of last 3 years, key development in past five years.

By making oil production from the shale plays possible, hydraulic fracturing was responsible for drastic changes in the oil & gas industry after 2013. The average wellhead breakeven cost of oil production from shale plays has dropped significantly since 2013, due to technological advances in hydraulic fracturing and structural changes made by operators, such as focusing their drilling operation in the best acreage. The market is restrained by the environmental impact caused by fracturing fluid, such as water, and few companies have invested in their R&D to develop environment friendly fracturing fluid.

Growing Demand for Natural Gas to Drive the Market

Due to concerns regarding air pollution, globally, countries are encouraging the use of natural gas, which is more environmental friendly than other hydrocarbons, such as coal and oil, due to low carbon emission. Due to this trend, demand for natural gas is expected to grow substantially. In 2015, around 30% of total hydraulic fracturing revenue came from shale gas exploration. Tougher environmental standards around the world and closing price gap between coal and natural gas are expected to drive the shale gas production activity. Technological advancements, such as hydraulic fracturing used in conjunction with horizontal drilling, have reduced the cost of oil & gas production from unconventional resources, like shale play, CBM, and tight reservoirs. Expected growth in shale gas consumption and reduced oil & gas production cost from unconventional resources are the major drivers for hydraulic fracturing. Growing hydraulic fracturing activity is expected to drive the demand for hydraulic fracturing fluid during the forecast period.

Technological Advancement in Fracturing Fluid Driving the Market

Environmental impact of hydraulic fracturing, such as water contamination, methane emission, and noise pollution, as well as the necessity of large amount water for hydraulic fracturing jobs are the major restraints for hydraulic fracturing. The environmental impact is mainly caused by harmful hydraulic fracturing fluid. But the technological advancements have led to use of more environmentally friendly fluids. For example, Gasfrac has successfully used gel made up of propane and hydrocarbon instead of water on more than 700 wells in the United States and Canada, which has eliminated the use of water for hydraulic fracturing. This fluid also has lesser impact on the environment, due to the use of relatively benign chemicals, like magnesium oxide and ferric sulfate.

North America to Lead the Market

North America accounts for over 80% of global hydraulic fracturing activity. In 2015, hydraulic fracturing accounted for about half of the crude oil production in the United States. The break-even oil price from shale plays in the United States dropped by more than 50% during 2013-17. Due to low breakeven prices, oil & gas operators are expected to invest heavily in shale oil exploration in the United States, during the forecast period. Canada is the first country after the United States to explore and produce from shale oil reservoirs. As of 2017, shale plays amount to about 8% of Canada’s oil production. Due to large shale reserves, an oil & gas industry that is open to private investors, availability of large quantity of water, and presence of oil transportation infrastructure, Canada has witnessed significant investments in shale oil exploration and production projects. Growing shale oil production activity is expected to drive hydraulic fracturing, and in turn the hydraulic fracturing fluid market.

Shale Gas Production Incentives in China to Drive the Market

China has about 31.6 TCF of technically recoverable shale gas reserves. But production from these reserves is expensive, due to the complicated topography of these shale plays and their remote location, which makes drilling in these areas expensive. In order to attract oil & gas operators, China has incentivized the exploration & production activity these fields. These incentives are expected to drive the shale gas exploration and production activity in the country, which in turn is expected to support the market growth in China.

Key Developments in the Market

• March 2017: Essar Oil announced its decision to submit a proposal for shale gas exploration in Raniganj East block located in West Bengal, India. The company has recently made a discovery of coal-bed methane reserves from the same block.

The major players include – Baker Hughes A GE Company, Halliburton Company, Schlumberger Limited, BASF SE, The Dow Chemical Company, Akzo Noble N.V., amongst others.

Reasons to Purchase this Report

• Current and future hydraulic fracturing fluid market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 months analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report
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Hydraulic Fracturing Fluids Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Hydraulic Fracturing Fluids Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.

The Objectives of this report are:

  • To define, describe, and analyze the Hydraulic Fracturing Fluids market on the basis of product type, application, and region
  • To forecast and analyze the size of the Hydraulic Fracturing Fluids market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
  • To forecast and analyze the Hydraulic Fracturing Fluids market at country-level in each region
  • To strategically analyze each submarket with respect to individual growth trends and its contribution to the Hydraulic Fracturing Fluids market
  • To analyze opportunities in the Hydraulic Fracturing Fluids market for stakeholders by identifying high-growth segments of the market

Key Questions Answered in Hydraulic Fracturing Fluids market report:

  • What will the market size be in 2024 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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Hydraulic Fracturing Fluids Market Report Provides Comprehensive Analysis as Following:

Market segments and sub-segments

Market size & shares

Market trends and dynamics

Market Drivers and Opportunities

Market Analysis and Segmentation

Competitive landscape

Supply and demand

Technological inventions in Hydraulic Fracturing Fluids trade

Marketing Channel Development Trend

Hydraulic Fracturing Fluids Market Positioning

Pricing Strategy

Brand Strategy

Target consumer

Distributors/Traders List enclosed in Positioning Hydraulic Fracturing Fluids Market

Hydraulic Fracturing Fluids Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Hydraulic Fracturing Fluids Market 2019 report presents the descriptive analysis of the Hydraulic Fracturing Fluids Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Hydraulic Fracturing Fluids Market competitors.

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