ASIA PACIFIC FRACKING FLUIDS AND CHEMICALS MARKET FORECAST 2018-2026

ASIA PACIFIC FRACKING FLUIDS AND CHEMICALS MARKET FORECAST 2018-2026

  • August 2018 •
  • 82 pages •
  • Report ID: 5067706
KEY INSIGHTS
The Asia-Pacific fracking fluid and chemicals market is expected to exhibit the fastest growth over the forecast period of 2018-2026 by showcasing the highest CAGR of 17.25%. Rising fuel efficiency standards and a trend to move away from the dependence on foreign oil are the key drivers for this market’s progress.

MARKET INSIGHTS
The import of coal, natural gas, and oil in the Asia-Pacific region has seen an overall rise of up to 214%, 164%, and 62% respectively in the past few years.Similarly, the energy consumption and production too have seen a significant rise since 2015.

All of this can be attributed to the increasing consumption of natural gas as a transportation fuel and the resurgence of unconventional resources as an alternative. However, the high cost of fracking systems and the rise of clean energy owing to the discovery of shale reserves might prove challenging for the market in the near future.

COMPETITIVE INSIGHTS
The prominent companies in the Asia-Pacific region are The Dow Chemical Company Inc, Anadarko Petroleum Corporation, Dominion Energy, Inc, Eog Resources Inc, Pioneer Natural Resources, Global Am-Tx Inc, FTS International Inc., Marathon Oil Corporation, Nabors Industries Inc, Exxon Mobil Corporation and Reagent Chemical And Research, Inc.
Country=APAC Industry=OilAndGas ParentIndustry=HeavyIndustry Date=201808 Topic=Demand Publisher=InkwoodResearch Price=2000