DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/hnpgsz/middle_east) has announced the addition of the "Middle East Hydraulic Fracturing Fluids Market Demand To 2020 - Market Trends & Forecasts, Fluids Market By Type, Market By Composition, Competitive Landscape, Key Company Information" report to their offering.
Middle East fracturing fluids market is all set to reach $0.74 billion by 2020, up from $0.305 billion in 2013
Major reasons behind the rise could be increased shale activity in the region and increased number of wells. Same as in the case with hydraulic fracturing and many other oil and gas markets. North America leads the fracturing fluids market too, followed by Asia-Pacific, Latin America, Europe, the Middle East and Africa. The dominance is majorly because of increasing shale and exploration activity in the U.S.
The world is changing from vertical drilling to horizontal drilling as the unconventional areas are being explored. The recent innovations in fracking market are driving the fluids market up. Fracking in recent years has been beefing up the generating horsepower to accommodate horizontal wells rather than vertical ones, and refining of the fluids used to conserve water and create better, longer lasting fractures in the target formation.
This report contains comprehensive analysis of fracturing fluids market. It also has region wise market data for fracturing fluids and fluid types. Key company information and competitive landscape are also included in the report.
Key Topics Covered:
- Overview and Description
- Oil and Gas Market Outlook
- Oil and Gas Prices Outlook
- Drivers and Constraints
- Middle East Hydraulic Fracturing Fluids Market:
- Major Oil and Gas Companies
- Financial Deals Landscape
- BP Plc
- Baker Hughes
- Cudd Energy Services
- Royal Dutch Shell Plc
- Statoil ASA
- Weatherford International
For more information visit http://www.researchandmarkets.com/research/hnpgsz/middle_east