Research and Markets: Fracking Fluid & Chemicals Market 2015 by Chemical Function, by Fluid Type, & by Well Type - Global Forecasts to 2020
Research and Markets (http://www.researchandmarkets.com/research/mk8rxr/fracking_fluid)
has announced the addition of the "Fracking
Fluid & Chemicals Market by Chemical Function (Acid, Surfactant,
Biocide, Gelling Agent, Crosslinker, Breaker, Scale & Corrosion
Inhibitor, Clay & Iron Control, And Friction Reducer), by Fluid Type, &
by Well Type - Global Forecasts to 2020" report to their
The global market of hydraulic chemicals is projected to register a CAGR
of 9.5% between 2015 and 2020. Gelling agent is estimated to account for
the largest market size among all the chemical function types and is
estimated to account for a market share of 37% in 2020.
The market for fracking fluids and chemicals is projected to witness a
tremendous growth during the forecast period which will be driven by
exploration and development of reserves for oil and gas extraction
across the globe. The demand for fuel is increasing multifold due to
high consumption from domestic as well as industrial front.
The oil and gas wells are mainly of two types, horizontal and vertical.
High growth is expected in the horizontal wells drilled per year due to
E&P activities for unconventional oil & gas, as these reserves are
recovered more economically by horizontal drilling. Horizontal well
fracturing gives access to the points where the vertical well drilling
cannot be reached. With an increase in the demand for the unconventional
oil & gas, horizontal fracking is invaluable in securing and bringing
these unconventional gases on the surface.
Upcoming opportunities such as development of underground shale reserves
are projected to increase the fracking activities across the globe.
This report also includes market dynamics, such as drivers, restraints,
opportunities, burning issues, and winning imperatives. Major companies
such as, the players involved in this market are specialty chemical
companies, drilling and extraction service providers, namely,
Halliburton (U.S.), Schlumberger (U.S.), Baker Hughes (U.S.), DuPont
(U.S.), AkzoNobel (The Netherlands), BASF (Germany), Ashland (U.S.) and
others have been comprehensively profiled in this report.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Fracking Fluids Market, By Fluid Type
8 Fracking Fluids Market, By Well Type
9 Fracking Chemicals Market, By Function Type
10 Fracking Fluids & Chemicals Market, By Region
11 Competitive Landscape
12 Company Profiles
- Akzonobel N.V.
- Albemarle Corporation
- Ashland Inc.
- Baker Hughes
- Basf SE
- Calfrac Well Services Ltd.
- Chevron Phillips Chemical Company
- Clariant International Ltd.
- E. I. Dupont De Nemours & Co.
- FTS International
- Halliburton Co.
- Schlumberger Limited
For more information visit http://www.researchandmarkets.com/research/mk8rxr/fracking_fluid
View source version on businesswire.com: http://www.businesswire.com/news/home/20151007005590/en/
Copyright Business Wire 2015
Source: Business Wire
(October 7, 2015 - 5:42 AM EDT)
News by QuoteMedia