Key Players in the Market: Clariant (Switzerland), Chevron Phillips Chemical (U.S.), Baker Hughes (U.S.), Trican Well Services (Canada), BASF (Germany), Calfrac Well Services (Canada), FTS International (U.S.), Dow Chemical (U.S.), DuPont (U.S.).
(PRWEB) November 09, 2014
The report "Fracking Chemicals Market by Fluid & Well Type, and Chemicals - Global Trends & Forecasts to 2018", defines and segments the fracking fluid and chemicals market with an analysis and forecast of the volumes and revenue. The fracking fluids market revenue will grow to $20.4 Billion by 2018, with a CAGR of 9.6% to 2018.
Browse 79 market data tables and 39 figures spread through 209 pages and in-depth TOC on “Fracking Chemicals and Fluid Market".
The fracking fluids and chemicals are either manufactured by the hydraulic fracturing service provider themselves (vertical integration) or sourced from a chemical manufacturer. Hence, the market for fracking fluids and chemicals is fragmented with a number of players in the market. The chemicals used in the fracking process are for specific purposes and are categorized under purpose or functional group. The chemicals under each functional group can be substituted with other chemicals with similar properties. These chemicals and fluids are easily available and can be sourced locally, but the chemical companies have created specific divisions for oil and gas to provide these chemicals with enhanced properties resulting in better formation conditions and increased recovery of oil and gas.
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Potential increase in the recoverable resources and production is the most important driver for the fracking market. This technique is used in recovery of both oil and natural gas but is predominantly used in the recovery of unconventional gas. Now-a-days natural gas is called transitional fuel for being the chain between conventional resources and renewable energy. This proves to be an advantage to the international natural gas market and hence to the hydraulic fracturing market.
In the fracking market, the industry comprises several global and regional players which are engaged in either fracking, or providing fluids and chemicals for fracking. This report segments the fracking fluid market by fluid type, well type and geography in terms of revenue generated and fracking chemicals by functional group and geography in terms of volume and revenue. A country level breakup for both fracking fluid and fracking chemicals has been provided.
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