DETROIT, Feb. 19, 2020Stratview Research announces the launch of a new report on Eco-Friendly Fracking Chemicals Market by Chemical Type (Gelling Agent, Crosslinker, Surfactant, Friction Reducer, and Others), by Fluid Type (Slickwater, Linear Gel, and Crosslinked Gel), by Well Type (Horizontal Well and Vertical Well), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025.
This 209-page comprehensive report, from Stratview Research, is one of its kind and estimates the current as well as future growth opportunities for the market participants until 2025. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.
Eco-Friendly Fracking Chemicals Market: Research Highlights
The market for eco-friendly fracking chemicals is in the growth phase and is expected to gain momentum in the coming years to come. The prime factor contributing to the growth of this market is the harmful environmental impact of the traditionally used fracking chemicals. The toxic fracking chemicals lead to soil and water contamination, which not only pollutes the nearby drinking water resources but also affects agricultural production. Eco-friendly fracking chemicals are a good alternative to these harmful chemicals.
As per a recent study by Stratview Research, the eco-friendly fracking chemicals market is projected to grow at a promising CAGR of 7.6% over the next five years to reach US$ 9,948 million in 2025. Increasing awareness regarding the use of environmental-friendly fracking chemicals, recuperating crude oil prices along with increasing share of hydraulically fractured oil & gas production, and huge reserves of shale gas are the key factors, propelling the demand for eco-friendly fracking chemicals.
The market is segmented based on the type of chemicals as gelling agent, crosslinker, surfactant, friction reducer, and others. Gelling agent dominates the market because of the use of a large amount of gelling agent in linear gel and crosslinked gel fracking fluids. Furthermore, there is a sheer interest in the use of eco-friendly gelling agents in the industry. Guar gum is biodegradable and an environmentally friendly gelling agent. Friction reducer is the fastest-growing segment, owing to its use in slickwater fracking fluid.
Based on the fluid type, slickwater is expected to remain the largest as well as the fastest-growing segment during the forecast period. Various benefits offered by slickwater fracking fluids, such as better production results at a reduced cost, make it the dominant segment.
Based on the well type, horizontally drilled well dominated the market in 2019 and is anticipated to maintain its dominance over the next five years as well. For the past few years, the share of hydraulically fractured horizontal wells has constantly been increasing because of their various benefits including an efficient extraction of oil and natural gas and reduced surface impact as several wells can be drilled from one location.
In terms of regions, North America is expected to maintain its unassailable dominance in the global market during the forecast period, driven by the most number of hydraulically fractured wells in the region coupled with the presence of major eco-friendly fracking chemicals manufacturers, increasing awareness regarding the use of environmentally friendly fracking chemicals, and a large amount of technically recoverable shale oil and gas reserves in the region.
Over the same period, Asia-Pacific is projected to grow at the highest rate, driven by increasing investments in the exploration and production of oil and natural gas in China and rising concern for protecting the environment from the harmful effects of fracking chemicals. China owns the highest technically recoverable shale gas reserves (31.6 trillion cubic meters).
The supply chain of this market comprises raw material suppliers, eco-friendly fracking chemical suppliers, fracturing service providers, and operators. Major players in the market, such as Halliburton Company, Schlumberger Limited, and Bakers Hughes, provide both, environmentally friendly fracking fluids as well as chemicals.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
Market structure: Overview, industry life cycle analysis, supply chain analysis.
Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
Market trend and forecast analysis.
Market segment trend and forecast.
Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
Attractive market segments and associated growth opportunities.
Strategic growth opportunities for the existing and new players.
Key success factors
This report studies the eco-friendly fracking chemicals market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
Eco-friendly Fracking Chemicals Market, By Chemicals Type
Gelling Agent (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Crosslinker (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Surfactant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Friction Reducer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Eco-friendly Fracking Chemicals Market, By Fluid Type
Slickwater (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Linear Gel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Crosslinked Gel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Eco-friendly Fracking Chemicals Market, By Well Type
Horizontal Well (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Vertical Well (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Eco-friendly Fracking Chemicals Market, By Region
North America (Country Analysis: The USA and Canada)
Europe (Country Analysis: Russia, Norway, and Rest of Europe)
Asia-Pacific (Country Analysis: China, Australia, and Rest of Asia-Pacific)
Rest of the World (Sub-Region Analysis: The Middle East, Latin America, and Others)
Our related premium market reports in the oil & gas industry are: Composite Frac Plugs and Balls Market by Product Type (Frac Plugs and Frac Balls), by Resin Type (Epoxy Composites, Phenolic Composites, and Other Composites), by Manufacturing Process Type (Injection Molding, Filament Winding, and Compression Molding), by Sales Channel Type (Direct Sales and Distributor Sales), and by Region (North America, Europe, Asia-Pacific, and Rest of the World); Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024.
Dissolvable Frac Plugs Marketby Material Type (Magnesium Alloys and Poly Glycolic Acid), by Well Type (Horizontal Well and Vertical Well), by Sales Channel Type (Direct Sales and Distributor Sales), and by Region (Americas, Asia-Pacific, and Rest of the World); Size, Share, Trend, Forecast, & Competitive Analysis: 2019-2024.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.