• The US market for fracking fluids should reach $15.1 billion by 2022 from $10.7 billion in 2017 at a compound annual growth rate (CAGR) of 7.0%, from 2017 to 2022. • The US market for carrier fluids is expected to grow from $4.7 billion in 2017 to $6.6 billion in 2022 at a CAGR of 7.2% for the period of 2017-2022. • The US market for proppants is expected to grow from $2.6 billion in 2017 to $3.7 billion in 2022 at a CAGR of 7.2% for the period of 2017-2022.
Chapter 1: Introduction Since 2010, the amount of crude oil production that U.S. drillers obtain from hydraulic fracturing has grown at an annual rate of 11.2%. In 2016, hydraulic fracturing from shale resources accounted for nearly 67% of gas production and 51% of oil production. Despite the slump in global energy prices over the last three years, energy prices have been climbing, thus BCC Research anticipates that there will be ensuing growth in fracking fluid-based production.
Growing environmental and health concerns over hydraulic fracturing technology have compelled the oil and gas operators to seek new fracking fluid components that offer both financial and environmentally sustainable benefits. Thus, the nexus between the growing domestic energy production and increasing concern over the environmental and health concerns of the hydraulic fracturing technology have forced closer scrutiny of the market prospects for fracking fluid in the U.S.
This updated report reflects the slowdown in the energy sector over the past several years and displays a slower growth rate from 2017 to 2022, much less bullish than the previous forecast from 2013 to 2018.
Study Goals and Objectives This report seeks to provide a breakdown of all the fracking fluid components, as well as projections for their markets from 2017 to 2022, using 2016 as the base year.
The primary objectives of the report include: • A summary analysis of energy production from shale resources. • A review of the most widely used hydraulic fracturing techniques. • A breakdown of the key components of fracking fluid. • An estimation of the market projections from 2017 to 2022. • An overview of the market drivers, industry structure and trends. • A listing and review of the major suppliers of fracking fluids and production site operators in shale gas and oil.
Reasons for Doing This Study For the first time in U.S. history, projections of oil and gas production place the U.S. as the largest oil producer in 2017 and a net exporter of natural gas in the early 2020s.1 The uptick in production sees the highest growth rate of oil from the Bakken Shale under the states of North Dakota and Wyoming, and gas from the Marcellus Shale under the states of Pennsylvania, West Virginia, Ohio, Virginia and New York.
Fracking fluids mainly consist of a major solvent such as water, a proppant (typically sand), and a number of various additives which include gelling agents, iron controls, breaker fluids, corrosion inhibitors, friction reducers, surfactants, biocides, crosslinkers, acids, solvents, scale inhibitors, clay stabilizers and pH adjusters that all contribute to the efficiency of the fracking process. The fracking fluids are forced down a well with high pressure and aid in breaking through the porous rock formations that hold trapped oil and gas, facilitating their release and capture.
Given the important role that the fracking fluids play in the hydraulic fracturing process, this study will provide an overview of the widely used hydraulic fracturing technologies in the U.S. This report will also present an assessment of the various components of fracking fluids, estimates their production over the coming years, and captures the industry structure consisting of the market drivers and major players in energy production, and the chemical suppliers with the most influence in the fracking fluid industry.
Since protests against the use of hydraulic fracturing have increased over the years, the need to study the market forces and growth detractors of fracking fluids in the market has consequently increased in urgency. Furthermore, the development of new technology that seeks to reuse fracking fluids to reduce the environmental footprint of the process adds to the support of this study since it will analyze each of the market components.
In summary, this study of the U.S. fracking fluid market will provide: • A critical review of one of the primary driving forces of domestic energy production for years to come. • A closer look at the additive constituents that display the greatest opportunity for chemical suppliers. • An analysis of the fracking fluids industry drivers and trends with the most considerable influence over domestic energy production.
The information can help companies make informed decisions about their commodity chemical purchase habits as well as the decision to switch fuels (gas, oil or coal) for energy production.
Scope of Report This study provides a comprehensive overview of the fracking fluids market in the U.S., including the hydraulic fracturing technologies most widely used, the amount and type of production, and presents market forecasts over the five-year period from 2017 to 2022 for each major component and the specific additives in use.
The research covers the market drivers propelling the growth of the fracking fluid industry, the industry structure, trends, and the company profiles of the major production operators and fracking fluid suppliers for the U.S. domestic market. Extensive analysis of the production of each type of hydraulic fracturing technology supports the estimated production growth rates for the specific fracking fluids presented.
BCC Research separates the market analysis into five distinct sections. The first section presents an overview of energy production from shale resources in the U.S. This section covers the production capacity of each fuel, gas, natural gas, and natural gas liquids across the domestic shale formations.
The second section provides a top-level view of the fracturing technologies that have the greatest influence over the usage of fracking fluids in the market. This section identifies the major hydraulic fracturing techniques most frequently used and presents their baseline fuel production level and production estimates over the five-year period of this report.
The third section offers the capstone presentation of the relevant fracking fluids in the U.S. market and their revenues in millions of dollars and production in millions of pounds. The report displays sales values from 2016 and estimates of sales from 2017 to 2022.
In the fourth section, BCC Research presents a diagram of the industry and analyzes the industry structure, market drivers and trends. The analysis covers the forces positioned to inhibit the growth of hydraulic fracturing in the U.S., including the sustainability, environmental and health concerns.
The fifth and final section includes an extensive list of the major players in the industry, separated into three groups: the production site operators, the fracking fluid suppliers and the regulatory agencies by state.
Intended Audience Overall, this study applies to the energy production and chemical manufacturing industry sectors. The most relevant target audience within these sectors includes executives in the oil, gas and chemical engineering and supply sectors, directors, strategic planners, and sales and marketing managers.
The data contained herein seeks to provide actionable information for the following groups: • Investors, commodity-based traders, institutional traders, hedge funds. • Manufacturers of production and monitoring equipment, chemical producers, distributors and retailers, mining operators. • Research institutions, universities, government laboratories, market libraries. • Government regulating agencies, state planning agencies. • Companies that provide technical or marketing services to production site operators. • Companies that are planning to enter the hydraulic fracturing market.
Information Sources The study actively employed both primary and secondary research methodologies to acquire data and generate the rigorous analysis needed for this report. Primary sources of information included interviews with industry executives, engineers, managers, consultants, marketing groups, non-profit industry watchdog groups and regulatory agencies.
Secondary sources for information included: • Energy Information Administration (EIA). • U.S. Patent and Trade Mark Office. • Company websites. • Company annual reports. • S&P Industry Survey. • Dun & Bradstreet Business Directory.
Data obtained from both primary and secondary sources were applied to develop the market and financial analysis. The author’s own insights and rigorous use of numerical and statistical tools were employed to generate the forecasts and comprehensive analysis of the fracking fluids market segmented by fuel production type and region.
Geographic Breakdown In this report, the geographic regions of the U.S. considered for market analysis include, and only include the: • Northeast Region. • Gulf Coast/Southwest Region. • Mid-Continent Region. • Rocky Mountain Region. • West Coast Region. • Other Region (Florida, Georgia and Alaska).
U.S. Market for Fracking Fluids, by Type Carrier Fluids Proppants Chemical Additives - Gelling Agents - Iron Control Fluids - Breaker Fluids - Corrosion Inhibitors - pH Adjusters - Biocides - Friction Reducers - Surfactants - Crosslinking Agents - Acids - Solvents - Scale Inhibitors - Clay Stabilizers
U.S. Market for Fracking Fluids, by Region Northeast Gulf Coast/Southwest Mid-Continent Rocky Mountain West Coast
U.S. Market for Fracking Fluids, by Type of Reservoir Gas Reservoir Oil Reservoir
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