Fracking Chemicals and Fluids Market to be Negatively Affected by Growing Environmental Concerns about Fracking
A new market research report by Transparency Market Research on the global fracking chemicals and fluids market offers a comprehensive overview of the market and analyzes the key factors impacting its growth. The report, titled “Fracking Chemicals and Fluids Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” assesses the size and valuation of the global fracking chemicals and fluids market during the period between 2013 and 2019. Current trends that are anticipated to define the future outlook of the market have been discussed in the report. The report also analyzes the effect of Porter’s five forces on the growth of the market. Profiles of some of the key players in the market have been included in the report.
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Fracking chemicals and fluids refer to a range of chemicals and solutions that are used during the process of hydraulic fracturing of rock using a pressurized fluid. Fracking chemicals and fluids are used according to the type of drilling technique. In hydraulic fracturing, various types of fracking fluids are used. These include foam-based, water-based, and gel/oil-based fluids. Fracking chemicals contain certain solutions such as scale inhibitors, corrosion inhibitors, friction reducers, and surfactants.
The global fracking chemicals and fluids market has witnessed noticeable growth due to the increased adoption of horizontal drilling. Horizontal drilling is cost-effective compared to vertical drilling across unconventional reserves. Shale gas extraction requires a significant amount of horizontal drilling in order to cover a large surface area. All these factors have boosted the demand from the global fracking chemicals and fluids market. However, the growing concerns regarding the adverse environmental impacts of fracking are expected to hinder the growth of the market during the forecast horizon.
The report studies the global fracking chemicals and fluids market across four key regions: Europe, Asia Pacific, North America, and Rest of the World. North America has been the largest consumer for fracking chemicals and fluids market due to the implementation of advanced drilling technology and increased recovery of oil and gas from unconventional resources. During the forecast horizon, Asia Pacific is expected to register significant growth due to a rise in industrial activities in the region.
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Describing the competitive landscape, the report profiles some of the key players in the global fracking chemicals and fluids market such as Albermarle, AkzoNobel, Ashland, Calfrac Well Services, Baker Huges, Dow Chemical Company, Chevron Phillips Chemical Company, DuPont, Trican Well Services, FTS International, and Solvay. The report further provides insightful information about the key players including company overview, financial overview, product portfolio, and recent developments. Through a SWOT analysis, the report analyzes various growth opportunities for the market players.
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