Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Fracking Chemicals And Fluids Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Fracking Chemicals And Fluids Industry in 2024 and 2025?
The market size of fracking chemicals and fluids has seen robust growth over the recent past. The market is projected to expand from $47.49 billion in 2024 to $51.88 billion in 2025, with a compound annual growth rate (CAGR) of 9.2%.
What Is the Projected Market Size of the Fracking Chemicals And Fluids Market in 2029?
By 2029, the market size for fracking chemicals and fluids is forecasted to reach $76.69 billion, expanding at a compound annual growth rate (CAGR) of 10.3%.
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What Are the Key Drivers of Fracking Chemicals And Fluids Market Growth?
The key Drivers in the fracking chemicals and fluids market are:
• Increase in oilfield production
• The essential role of fracking chemicals and fluids in oilfield production
• Rising global oil demand
• The application of fracking chemicals and fluids in hydraulic fracturing for oil and gas extraction
What Are the Primary Segmentation Categories in the Fracking Chemicals And Fluids Market?
The fracking chemicals and fluidsmarket covered in this report is segmented –
1) By Product: Water Based Fluids, Oil Based Fluids, Synthetic Based Fluids, Foam Based Fluids
2) By Well: Horizontal Well, Vertical Well, Directional Well
3) By Function: Friction Reducer, Biocides, Clay Control Agent, Gelling Agent, Cross-Linkers, Breakers, Buffers, Surfactants, Other Functions
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What Are the Major Trends Shaping the Fracking Chemicals And Fluids Market in 2025 and Beyond?
The key trends in the fracking chemicals and fluids market are:
• Innovations in product development are shaping the future of the fracking chemicals and fluids market.
• Increasing adoption of novel products by leading companies is an emerging trend.
• Industry players are aiming to enhance operational efficiency in fracking sites using advanced tools.
• Replacing multiple tie-in lines with a single line to reduce connections is a significant upcoming trend.
Who Are the Emerging Players in the Fracking Chemicals And Fluids Market?
The key players in the fracking chemicals and fluids market are:
• BASF SE
• The Dow Chemical Company
• Schlumberger Ltd.
• Baker Hughes Ltd.
• Halliburton Company
• Ecolab Inc.
• DuPont de Nemours Inc.
• Huntsman Corporation
• Albemarle Corporation
• Clariant International Ltd.
• Lubrizol Corporation
• Weatherford International plc
• Kemira Oyj
• Stepan Company
• Croda International plc
• Ashland Global Holdings Inc.
• Innospec Inc.
• ProPetro Holding Corp.
• Calfrac Well Services Ltd.
• SNF Group
• Nine Energy Service Inc.
• TETRA Technologies Inc.
• FTS International Inc.
• Carbo Ceramics Inc.
• Chevron Phillips Chemical Company LLC
• ProChemTech International Inc.
• Pioneer Oil Companies Inc.
• Keane Group Inc.
• C&J Energy Services Inc.
Which Regions Are Leading the Growth in the Global Fracking Chemicals And Fluids Market?
North America was the largest region in the fracking chemicals and fluids market in 2024
