Hydraulic fracturing or as fracking is a process of oil and gas well development which mainly involves inserting water, sand, and chemicals under high pressure into a bedrock formation via the well. The process aims to create new fractures in the rock and increase the size, extent, and connectivity of existing fractures. It is defined as a well-stimulation technique which is commonly used in low-permeability rocks such as tight sandstone, shale, and some coal beds to boost the flow of oil and gas to a well from petroleum-bearing rock formations.
MARKET DYNAMICS
The hydraulic fracturing market has witnessed a significant growth owing to rising investment for production and exploration of renewable resources with the high depletion of natural deposits. Growing focus over industrialization coupled with growing focus towards infrastructure development and commercialization of the hydraulic fracturing are another factors which are expected to boost utilization. However, strict environmental regulations is projected to hamper the hydraulic fracturing market growth over the projected period. Moreover, the primary trend followed in the hydraulic fracturing market is development of non-water hydraulic fracturing fluids which is expected to propel the market growth.
MARKET SCOPE
The "Global Hydraulic Fracturing Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the hydraulic fracturing market with detailed market segmentation by material, application and technology and geography. The global hydraulic fracturing market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading hydraulic fracturing market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global hydraulic fracturing market is segmented on the basis of material, application and technology industry. On the basis of material, the hydraulic fracturing market is segmented into proppant and others. The hydraulic fracturing market on the basis of the application is classified into shale gas, tight gas, tight oil, CBM and others. The hydraulic fracturing market on the basis of the technology industry is classified into plug and perf and sliding sleeve.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global hydraulic fracturing market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The hydraulic fracturing market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the hydraulic fracturing market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the hydraulic fracturing market in these regions.
MARKET PLAYERS
The reports cover key developments in the hydraulic fracturing market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from hydraulic fracturing market are anticipated to lucrative growth opportunities in the future with the rising demand for Hydraulic fracturing in the global market. Below mentioned is the list of few companies engaged in the Hydraulic fracturing market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the hydraulic fracturing market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Baker Hughes Inc.
- C&J Energy Services Inc.
- Calfrac Well Services Ltd
- Cudd Energy Services (CES)
- FTS International
- Halliburton
- Schlumberger
- Superior Well Services Inc.
- Tacrom Services S.R.L.
- Trican Well Service Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.