Fracking Chemicals Market Size, Share, Trends, Industry Analysis Report: By Product, Well Type, Application, and Region

Description

List of Tables

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
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of the Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM1504

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Fracking Chemicals Market Insights

4.1. Fracking Chemicals Market - Market Snapshot
4.2. Fracking Chemicals Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Advancements in Hydraulic Fracturing Technologies
  - 4.2.1.2. Growing Energy Demands Regularly
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Regulatory and Environmental Concerns
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry Among Existing Firms (High)
4.4. PESTEL Analysis
4.5. Fracking Chemicals Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Fracking Chemicals Market, by Product

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
5.3. Oil-BasedFluids
- 5.3.1. Global Fracking Chemicals Market, by Oil-BasedFluids, by Region, 2020-2034 (USD Billion)
5.4. Water-Based Fluids
- 5.4.1. Global Fracking Chemicals Market, by Water-Based Fluids, by Region, 2020-2034 (USD Billion)
5.5. Foam-Based Fluids
- 5.5.1. Global Fracking Chemicals Market, by Foam-Based Fluids, by Region, 2020-2034 (USD Billion)
5.6. Synthetic-Based Fluids
- 5.6.1. Global Fracking Chemicals Market, by Synthetic-Based Fluid, by Region, 2020-2034 (USD Billion)

6. Global Fracking Chemicals Market, by Well Type

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
6.3. Vertical Well
- 6.3.1. Global Fracking Chemicals Market, by Vertical Well, by Region, 2020-2034 (USD Billion)
6.4. Horizontal Well
- 6.4.1. Global Fracking Chemicals Market, Horizontal Well, by Region, 2020-2034 (USD Billion)

7. Global Fracking Chemicals Market, by Application

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
7.3. Breakers
- 7.3.1. Global Fracking Chemicals Market, by Breakers, by Region, 2020-2034 (USD Billion)
7.4. Cross-Linkers
- 7.4.1. Global Fracking Chemicals Market, by Cross-Linkers, by Region, 2020-2034 (USD Billion)
7.5. Clay Control Agents
- 7.5.1. Global Fracking Chemicals Market, by Clay Control Agents, by Region, 2020-2034 (USD Billion)
7.6. Friction Reducer
- 7.6.1. Global Fracking Chemicals Market, by Friction Reducer, by Region, 2020-2034 (USD Billion)
7.7. Gelling Agent
- 7.7.1. Global Fracking Chemicals Market, by Gelling Agent, by Region, 2020-2034 (USD Billion)
7.8. Others
- 7.8.1. Global Fracking Chemicals Market, by Others, by Region, 2020-2034 (USD Billion)

8. Global Fracking Chemicals Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Fracking Chemicals Market Assessment, By Geography, 2020-2034 (USD Billion)
8.3. Fracking Chemicals Market - North America
- 8.3.1. North America: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
- 8.3.2. North America: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
- 8.3.3. North America: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.3.4. Fracking Chemicals Market - US
  - 8.3.4.1. US: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.3.4.2. US: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.3.4.3. US: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.3.5. Fracking Chemicals Market - Canada
  - 8.3.5.1. Canada: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.3.5.2. Canada: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.3.5.3. Canada: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
8.4. Fracking Chemicals Market - Europe
- 8.4.1. Europe: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
- 8.4.2. Europe: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
- 8.4.3. Europe: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.4.4. Fracking Chemicals Market - UK
  - 8.4.4.1. UK: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.4.4.2. UK: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.4.4.3. UK: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.4.5. Fracking Chemicals Market - France
  - 8.4.5.1. France: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.4.5.2. France: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.4.5.3. France: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.4.6. Fracking Chemicals Market - Germany
  - 8.4.6.1. Germany: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.4.6.2. Germany: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.4.6.3. Germany: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.4.7. Fracking Chemicals Market - Italy
  - 8.4.7.1. Italy: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.4.7.2. Italy: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.4.7.3. Italy: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.4.8. Fracking Chemicals Market - Spain
  - 8.4.8.1. Spain: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.4.8.2. Spain: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.4.8.3. Spain: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.4.9. Fracking Chemicals Market - Netherlands
  - 8.4.9.1. Netherlands: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.4.9.2. Netherlands: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.4.9.3. Netherlands: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.4.10. Fracking Chemicals Market - Russia
  - 8.4.10.1. Russia: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.4.10.2. Russia: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.4.10.3. Russia: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.4.11. Fracking Chemicals Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.4.11.2. Rest of Europe: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.4.11.3. Rest of Europe: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
8.5. Fracking Chemicals Market - Asia Pacific
- 8.5.1. Asia Pacific: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
- 8.5.2. Asia Pacific: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
- 8.5.3. Asia Pacific: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.5.4. Fracking Chemicals Market - China
  - 8.5.4.1. China: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.5.4.2. China: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.5.4.3. China: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.5.5. Fracking Chemicals Market - India
  - 8.5.5.1. India: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.5.5.2. India: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.5.5.3. India: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.5.6. Fracking Chemicals Market - Malaysia
  - 8.5.6.1. Malaysia: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.5.6.2. Malaysia: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.5.6.3. Malaysia: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.5.7. Fracking Chemicals Market - Japan
  - 8.5.7.1. Japan: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.5.7.2. Japan: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.5.7.3. Japan: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.5.8. Fracking Chemicals Market - Indonesia
  - 8.5.8.1. Indonesia: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.5.8.2. Indonesia: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.5.8.3. Indonesia: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.5.9. Fracking Chemicals Market - South Korea
  - 8.5.9.1. South Korea: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.5.9.2. South Korea: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.5.9.3. South Korea: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.5.10. Fracking Chemicals Market - Australia
  - 8.5.10.1. Australia: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.5.10.2. Australia: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.5.10.3. Australia: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.5.11. Fracking Chemicals Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.5.11.2. Rest of Asia Pacific: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.5.11.3. Rest of Asia Pacific: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
8.6. Fracking Chemicals Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
- 8.6.2. Middle East & Africa: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
- 8.6.3. Middle East & Africa: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.6.4. Fracking Chemicals Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.6.4.2. Saudi Arabia: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.6.4.3. Saudi Arabia: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.6.5. Fracking Chemicals Market - UAE
  - 8.6.5.1. UAE: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.6.5.2. UAE: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.6.5.3. UAE: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.6.6. Fracking Chemicals Market - Israel
  - 8.6.6.1. Israel: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.6.6.2. Israel: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.6.6.3. Israel: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.6.7. Fracking Chemicals Market - South Africa
  - 8.6.7.1. South Africa: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.6.7.2. South Africa: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.6.7.3. South Africa: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.6.8. Fracking Chemicals Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.6.8.2. Rest of Middle East & Africa: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.6.8.3. Rest of Middle East & Africa: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
8.7. Fracking Chemicals Market - Latin America
- 8.7.1. Latin America: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
- 8.7.2. Latin America: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
- 8.7.3. Latin America: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.7.4. Fracking Chemicals Market - Mexico
  - 8.7.4.1. Mexico: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.7.4.2. Mexico: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.7.4.3. Mexico: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.7.5. Fracking Chemicals Market - Brazil
  - 8.7.5.1. Brazil: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.7.5.2. Brazil: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.7.5.3. Brazil: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.7.6. Fracking Chemicals Market - Argentina
  - 8.7.6.1. Argentina: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.7.6.2. Argentina: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.7.6.3. Argentina: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)
- 8.7.7. Fracking Chemicals Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Fracking Chemicals Market, by Product, 2020-2034 (USD Billion)
  - 8.7.7.2. Rest of Latin America: Fracking Chemicals Market, by Well Type, 2020-2034 (USD Billion)
  - 8.7.7.3. Rest of Latin America: Fracking Chemicals Market, by Application, 2020-2034 (USD Billion)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. Halliburton Co.
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. ProductBenchmarking
- 10.1.4. Recent Development
10.2. BASF SE
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. ProductBenchmarking
- 10.2.4. Recent Development
10.3. Akzo Nobel N.V.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. ProductBenchmarking
- 10.3.4. Recent Development
10.4. Solvay SA
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. ProductBenchmarking
- 10.4.4. Recent Development
10.5. Chevron Phillips Chemical Company
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. ProductBenchmarking
- 10.5.4. Recent Development
10.6. Baker Hughes Incorporated
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. ProductBenchmarking
- 10.6.4. Recent Development
10.7. The DOW Chemical Company
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. ProductBenchmarking
- 10.7.4. Recent Development
10.8. Calfrac Well Services Ltd.
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. ProductBenchmarking
- 10.8.4. Recent Development
10.9. E.I. Dupont De Nemours & Co.
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. ProductBenchmarking
- 10.9.4. Recent Development
10.10. Albermarle Corporation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. ProductBenchmarking
- 10.10.4. Recent Development
10.11. Schlumberger Ltd.
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. ProductBenchmarking
- 10.11.4. Recent Development