Fracking Chemicals Market Analysis and Forecast to 2024 by Recent Trends, Developments in Manufacturing Technology and Regional Growth Overview

(The Express Wire via Comtex)

The Connected Fracking Chemicals Market 2019 research report offers the comprehensive analysis of the Fracking Chemicals Market size, covering an inside and out judgment of the Fracking Chemicals Market state and the dynamic scene globally. This report separates the ability of Connected Fracking Chemicals Market in the existing and moreover the future forecasts from several edges in detail. The vital goal of this is to dissect the worldwide and key locales Market potential and preferred standpoint, opportunity and test, limitations and dangers.

Global “Fracking Chemicals Market” is an overview of the global market is provided with prime focus on factors boosting and hampering market. This will help investors get a clear understanding on which aspects to focus on and how to economically support the market globally. The impact of prevailing regulatory scenario on both regional and worldwide Fracking Chemicals market is provided detail in this report.

Market Overview:

  • The market for fracking chemicals is expected to grow at a CAGR of 6.02 % during the forecast period of 2019 2024. Major factors driving the market studied are the growing demand for longer lateral lengths and stabilizing rate of drilled but uncompleted (DUC) well inventory. However, environmental risks such as a large amount of fresh water usage, and chemical spills at the surface are hindering the fracking activity and in turn, is expected to hinder the growth of the market studied.
  • - Water-based fracking fluids dominated the demand for fracking chemicals. Fracking using water-based fluid results in complex structure and often connect to primary fractures, which enhances the permeability around the wellbore substantially.
  • - Alternative fracking technologies such as waterless fracking, usage of green chemicals, propane gel, and other technologies, are expected to create substantial growth opportunities in the future.
  • - North America dominated the market across the globe with the largest consumption from the US and Canada.greater than

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

  • The Dow Chemical Company
  • Parchem Fine and Specialty Chemicals, Inc.
  • BASF SE
  • Flotek Industries Inc,
  • Solvay SA
  • Stepan Company
  • M
  • I SWACO
  • Ashland Inc.
  • CES Energy Solutions Corp

Scope of the Report:

  • This report studies the global Fracking Chemicals market size, industry status and forecast, competition landscape and growth opportunity.

Market Dynamics:

  • Drivers: (Developing regions and growing markets)
  • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
  • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

The report provides key statistics on the market status of the Fracking Chemicals Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Fracking Chemicals .

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Key questions answered in the report include:

  • What will the market size and the growth rate be in 2024?
  • What are the key factors driving the global Fracking Chemicals market?
  • What are the key market trends impacting the growth of the global Fracking Chemicals market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Fracking Chemicals market?
  • What are the market opportunities and threats faced by the vendors in the global Fracking Chemicals market?
  • Trending factors influencing the market shares of the relevant regions.
  • What are the key outcomes of the five forces analysis of the global Fracking Chemicals market?

Key Market Trends:

Increasing Demand from Horizontal and Directional Wells

- The combination of hydraulic fracturing and horizontal drilling have opened up new areas for oil and gas development across the world, with particular focus on natural gas reservoirs, such as shale and tight sands.
- Horizontal drilling has a lesser impact on the environment compared to vertical drilling. Instead of drilling a dozen or more vertical wells, oil and gas companies are able to extract same volumes of oil and gas through a horizontal well.
- The horizontal and directional wells account for the largest share in the fracking fluids market, majorly due to the increasing number of horizontally drilled wells in the countries, such as the United States, Canada, China, and Russia.
- The US shale boom has fueled the growth in the number of horizontal wells drilled. In 2017, the total number of horizontally drilled wells reached 126,653, representing an increase of 8.2% from the 2016 levels. Adding to this, horizontal and directional drilled wells accounted for around 94% of the United States’ drilling activity in 2018.
- In the case of Canada, vertical well drilling activity has declined since 2006 in favor of horizontal drilling, which helped to increase the access to oil and natural gas in tighter rock formations. As of 2018, more than 50% of Western Canada’s well is drilled horizontally.
- Though North America accounts for the largest share of the horizontal and directional well drilled for fracking, countries such as Argentina, Saudi Arabia, and China are gradually ramping up its fracking activities to tap their unconventional reserve and increase domestic oil and gas production.

North America Region to Dominate the Market

- North America region had traditionally dominated the demand for fracking chemicals and is expected to be the leader in the coming years.
- Demand for fracking chemicals in the US, the largest market, has been favored by the low breakeven price and technological advancement in hydraulic fracturing. The country has witnessed a shift from vertical to horizontal drilling, with longer lateral lengths and increased number of frac stages per well, coupled with increased fracking fluid consumption per foot. In 2017, the horizontal well count in the United States reached 126,653, representing an increase of around 8.2% over the previous year’s horizontal well count. Continuing with this trend, the share of horizontally drilled wells in the country reached 87% by the end of 2018.
- Western Canada accounts for about 95% of the nation’s total production. In the coming years, till 2035, conventional production is expected to remain flat rising to 1.33 million b/d from 1.32 million b/d in 2017. Horizontal well drilling activity has been dominating since 2010, and it accounts for the vast majority of drilling activity in the Western Canada Sedimentary Basin (WCSB). The liquid-rich Montney and Duvernay formation are expected to contribute to the major demand for fracking chemicals, as the formation is likely to contribute about half a million of production by 2026.
- As a result, the increasing focus on unconventional reserves to meet the growing demand for oil and gas is expected to drive the fracking market and in turn demand for fracking chemicals.

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Study objectives of Fracking Chemicals Market Report:

  • To provide a detailed analysis of the market structure along with the forecast of various segments and sub-segments of the Fracking Chemicals market
  • To provide insights into factors influencing and affecting market growth
  • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
  • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
  • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
  • To provide economic factors, technology trends, and market trends that influence the global Fracking Chemicals market

Detailed TOC of Fracking Chemicals Market Report 2019-2024:

1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
1.4 Study Deliverables
1.5 Research Phases

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET OVERVIEW
4.1 INTRODUCTION
4.2 Evolution of Oil and Gas Industry's Approach to Fracking Fluid
4.3 Market Size and Demand Forecast in USD billion, till 2024
4.4 Recent Trends and Developments
4.5 Government Policies and Regulations
4.6 Market Dynamics
4.6.1 Drivers
4.6.2 Restraints
4.6.3 Industry Supply-Chain Analysis
4.6.4 Porters 5 Force Analysis
4.6.4.1 Bargaining Power of Suppliers
4.6.4.2 Bargaining Power of Consumers
4.6.4.3 Threat of New Entrants
4.6.4.4 Threat of Substitute Products and Services
4.6.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Fluid Type
5.1.1 Water-based Fluid
5.1.2 Foam-based Fluid
5.1.3 Other Fluid Types
5.2 Well Type
5.2.1 Vertical
5.2.2 Horizontal and Directional Wells
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Rest of the World
5.3.2.1 Argentina
5.3.2.2 Saudi Arabia
5.3.2.3 China
5.3.2.4 Oman
5.3.2.5 Russia
5.3.2.6 Australia
5.3.2.7 Other Countries

6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 The Dow Chemical Company
6.3.2 Parchem Fine and Specialty Chemicals, Inc.
6.3.3 BASF SE
6.3.4 Flotek Industries Inc,
6.3.5 Solvay SA
6.3.6 Stepan Company
6.3.7 M-I SWACO
6.3.8 Ashland Inc.
6.3.9 CES Energy Solutions Corp

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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