According to IMARC Group’s latest report, titled “Hydraulic Fracturing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027. the global hydraulic fracturing market reached a value of US$ 41.3 Billion in 2021. Hydraulic fracturing is a technology that is used to extract natural gas from deep reserves. It is a very effective and well-stimulation method that can drastically increase the production of oil and gases from low permeability formations, such as shale. It is widely preferred as an efficient extraction solution as it is a cost-effective method that provides greater energy security.
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Hydraulic Fracturing Market Trends/Drives:
The global market is majorly driven by significant growth in the oil and gas industry. Moreover, the increasing demand for shale oil extraction with the deployment of hydraulic fracturing to convert kerogen into shale oil is providing an impetus to the market growth. This is supported by the rising preference for unconventional oil production techniques across the globe and the escalating demand for plug and perf technology for drilling unconventional wells. Other factors, including rapid technological advancements and the rising concerns regarding the continual depletion of natural resources, are also providing an impetus to market growth. Looking forward, IMARC Group expects the market to reach US$ 61.5 Billion by 2027, exhibiting at a CAGR of 6.48% during 2022-2027.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report
- Afg Holdings Inc
- Archer Limited
- Baker Hughes Company
- Basic Energy Services Inc.
- Calfrac Well Services Ltd.
- Fts International Inc.
- Halliburton Company
- Legend Energy Services
- Liberty Oilfield Services Inc.
- Nextier Oilfield Solutions Inc.
- Nine Energy Services
- Patterson-Uti Energy Inc.
Key Market Segmentation:
Breakup by Well Type:
Breakup by Fluid Type:
- Slick Water-based Fluid
- Foam-based Fluid
- Gelled Oil-based Fluid
Breakup by Technology:
- Plug and Perf
- Sliding Sleeve
Breakup by Application:
- Shale Gas
- Tight Oil
- Tight Gas
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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