PUBLISHER: The Business Research Company | PRODUCT CODE: 1669648
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669648
Fracking chemicals and fluids are chemical mixtures utilized in hydraulic fracturing operations to enhance the extraction of hydrocarbons from the ground. These chemicals are incorporated into fracking fluids and include substances such as polyacrylamide, hydrochloric acid, biocides, and others.
The primary types of fracking chemicals and fluids products include water-based fluids, oil-based fluids, synthetic-based fluids, and foam-based fluids. Water-based fluids consist mainly of water and may incorporate chemical additives. These fluids play various roles in different wells, such as horizontal wells, vertical wells, and directional wells, serving functions such as friction reduction, biocide application, clay control, gelling, cross-linking, breaking, buffering, surfactancy, and others.
The fracking chemicals and fluids market research report is one of a series of new reports from The Business Research Company that provides fracking chemicals and fluids market statistics, including fracking chemicals and fluids industry global market size, regional shares, competitors with a fracking chemicals and fluids market share, detailed fracking chemicals and fluids market segments, market trends and opportunities, and any further data you may need to thrive in the fracking chemicals and fluids industry. This fracking chemicals and fluids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The fracking chemicals and fluids market size has grown rapidly in recent years. It will grow from $47.49 billion in 2024 to $52.56 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to increased shale exploration, growth in unconventional oil and gas extraction, rising global energy demand, favorable government policies, and fluctuating oil and gas prices
The fracking chemicals and fluids market size is expected to see rapid growth in the next few years. It will grow to $78.44 billion in 2029 at a compound annual growth rate (CAGR) of 10.5%. The growth in the forecast period can be attributed to the expansion of hydraulic fracturing activities, growing demand for energy resources, increased exploration of unconventional reserves, regulatory support for shale gas development, and geopolitical factors influencing energy markets. Major trends in the forecast period include sustainable fracking fluid formulations, recycling and reuse of fracking fluids, development of environmentally friendly fracking chemicals, increased focus on waterless fracking technologies, and adoption of digital technologies for reservoir monitoring.
The anticipated increase in oilfield production is poised to drive the growth of the fracking chemicals and fluids market. Oilfield production involves the extraction of crude oil and natural gas from underground reservoirs for subsequent processing, refinement, and distribution. Hydraulic fracturing relies significantly on fracking chemicals and fluids to extract oil and natural gas from underground reservoirs. According to the International Energy Agency, global oil demand is expected to reach 105.7 million barrels per day (mb/d) by 2028, reflecting a cumulative 6% increase from 2022. The Energy Information Administration (EIA) reported an increase in oilfield production from 11.2 million barrels per day (b/d) in 2020 to 11.6 million barrels per day (b/d) by 2021, highlighting the driving force of rising oilfield production on the fracking chemicals and fluids market.
The rising investment in infrastructure is anticipated to drive the growth of the fracking chemicals and fluids market in the future. Infrastructure encompasses the essential physical and organizational structures and facilities necessary for the operation of a society, economy, or system. Fracking chemicals and fluids are utilized in infrastructure development for resource extraction and geological operations. For example, in July 2024, the Office for National Statistics, a UK-based government agency, reported that total investment in infrastructure increased by 9.6% in 2022 compared to 2021. Therefore, the growing investment in infrastructure is propelling the fracking chemicals and fluids market.
A noteworthy trend gaining popularity in the fracking chemicals and fluids market is product innovation. Major companies operating in this market are embracing new and innovative products to maintain their competitive positions. SPM Oil & Gas Inc., a US-based provider of engineered mechanical and rotating equipment, introduced the SPM Simplified Frac Iron System in May 2022. This system is uniquely designed to enhance the hydraulic fracturing process by streamlining conventional ground iron processes, reducing operational inefficiencies, and replacing multiple tie-in lines with a single large-bore inlet.
Leading companies in the fracking chemicals and fluids market are directing their focus towards developing next-generation hydraulic fracturing transmission systems with advanced prognostics. One such prognostic method is fluid life prognostics, which involves predicting the remaining usable life of a fluid based on various analyses and monitoring techniques. Allison Transmission, a US-based designer and manufacturer of vehicle propulsion solutions, launched the Allison FracTran hydraulic fracturing transmission in May 2023. The FracTran system features advanced diagnostics for filter and fluid life, along with a transmission-mounted control module, torsional measurement diagnostics, and a telematics gateway, addressing the unique challenges of shale oil and gas extraction and providing a competitive edge in the market.
In May 2024, ExxonMobil, a US-based natural gas company, acquired Pioneer Natural Resources for around $60 billion. This acquisition aims to enhance ExxonMobil's upstream portfolio by significantly expanding its presence in the Permian Basin, thus unlocking high-return development opportunities. Additionally, it intends to accelerate environmental goals by moving Pioneer's net-zero emissions target from 2050 to 2035. Pioneer Natural Resources is a US-based independent oil and gas exploration and production company that specializes in providing fracking chemicals and fluids.
Major companies operating in the fracking chemicals and fluids market include BASF SE, The Dow Chemical Company, Schlumberger Ltd., Baker Hughes Ltd., Halliburton Company, Ecolab Inc., DuPont de Nemours Inc., Huntsman Corporation, Albemarle Corporation, Clariant International Ltd., Lubrizol Corporation, Weatherford International plc, Kemira Oyj, Stepan Company, Croda International plc, Ashland Global Holdings Inc., Innospec Inc., ProPetro Holding Corp., Calfrac Well Services Ltd., SNF Group, Nine Energy Service Inc., TETRA Technologies Inc., FTS International Inc., Carbo Ceramics Inc., Chevron Phillips Chemical Company LLC, ProChemTech International Inc., Pioneer Oil Companies Inc., Keane Group Inc., C&J Energy Services Inc.
North America was the largest region in the fracking chemicals and fluids market in 2024. The regions covered in the fracking chemicals and fluids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the fracking chemicals and fluids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The fracking chemicals and fluids market consists of sales of surfactant, guar gum, biocides, breakers and glutaraldehyde. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Fracking Chemicals And Fluids Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on fracking chemicals and fluids market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for fracking chemicals and fluids ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fracking chemicals and fluids market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.