Growth of Fracking Fluid Market to be Impacted by the Increasing Demand for Oil and Gas| Technavio

The market will accelerate at a CAGR of around 8% between 2020-2024

Technavio has announced its latest market research report titled global fracking fluid market 2020-2024 (Graphic: Business Wire)

LONDON--()--The report, global fracking fluid market 2020-2024 has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and application for the forecast period 2020-2024.

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The report on the global fracking fluid market includes:

Global Fracking Fluid Market Analysis and Forecast 2020-2024: Features

  • Competitive landscape
  • Market segmentation
    • Geographic Segmentation
    • Application Segmentation
  • Market drivers
  • Market trends
  • Market challenges
  • Five forces analysis
  • Market landscape
  • Market sizing & forecast

Global Fracking Fluid Market 2020-2024: Competitive landscape

  • Vendors covered
  • Vendor classification
    • Ashland Global Holdings Inc.
    • Baker Hughes Co.
    • BJ Services LLC
    • Chevron Phillips Chemical Co. LLC
    • DuPont de Nemours Inc.
    • Halliburton Co.
    • Schlumberger Ltd.
    • Solvay SA
    • Trican Well Service Ltd.
    • Weatherford International Plc.

Global Fracking Fluid Market Landscape 2020-2024: Geographic landscape

  • Americas - size and forecast 2019-2024
  • APAC - size and forecast 2019-2024
  • EMEA - size and forecast 2019-2024
  • Key leading countries

Global Fracking Fluid Market Landscape 2020-2024: Application

  • Onshore - size and forecast 2019-2024
  • Offshore - size and forecast 2019-2024

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Increasing demand for oil and gas will drive the fracking fluid market

The rising industrialization and urbanization in countries such as China and India and the growing energy consumption are driving the demand for oil and gas. According to IEA, the global energy demand is expected to grow by 25% during 2018-2040. This is propelling oil and gas E&P companies to increase well-drilling activities to explore untapped reservoirs through unconventional E&P techniques such as hydraulic fracturing and horizontal drilling. This will drive the demand for fracturing fluid in these unconventional E&P techniques, which will boost the growth of the fracking fluid market during the forecast period.

Increasing applications of IoT – An emerging trend in the fracking fluid market

The integration of IoT into oil and gas operations is gaining traction in the market because it improves the processing and helps in employing automation. This not only provides an analytical and calculated approach to oil and gas production but also eliminates the uncertainty, non-productive time, and potential risks associated with the extraction process. It also provides real-time pressure data, which plays a significant role in the fracking process to prevent over-fracturing issues. It also supports the efficiency of the tools used in the fracking process.

Other Key Topics Covered in the Report are:

MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024

Get Full Report: https://www.technavio.com/report/fracking-fluid-market-industry-analysis

CUSTOMER LANDSCAPE

DECISION FRAMEWORK

DRIVERS AND CHALLENGES

MARKET TRENDS

  • Increasing applications of IoT
  • Advances in fluid end
  • Rising adoption of green fracking methods

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com

Release Summary

The increasing applications of IoT are anticipated to drive the growth of the fracking fluid market during the forecast period.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com