NORTH AMERICA FRACKING FLUIDS AND CHEMICALS MARKET FORECAST 2017-2025

NORTH AMERICA FRACKING FLUIDS AND CHEMICALS MARKET FORECAST 2017-2025

  • August 2017 •
  • 84 pages •
  • Report ID: 5067708
KEY FINDINGS
The North America fracking fluid market accounted for the largest share of the global market, generating approximately $16856 million in 2016. The market is all set to rise with a CAGR of 9.95% for 2017-2025 and generate $38717 million by the end of 2025. Canada is anticipated to be a major contributor for the North American region.

MARKET INSIGHTS
In addition to the growing hydraulic fracturing activities, the growing demand to bridge the gap between the supply and demand of natural fuel reserves is mainly responsible for driving the market. The North American market is mainly segmented on the basis of well type, fluid type, and function type. From the function type segment, the friction reducers dominated the North American market by accounting for almost 83% of the market share in 2016. The region is also presumed to have the largest reserve of shale gas in the world, which gives it an added advantage.

COMPETITIVE INSIGHTS
Dominion Energy Inc.Halliburton Energy Services Inc, Baker Hughes Incorporated, FTS International Inc., Weatherford International Ltd, Reagent Chemical And Research Inc, Global Am-Tx, Inc, Trican Well Service Ltd, Pioneer Natural Resources, Patterson-Uti Energy Inc, and others are some of the eminent companies in the North American market.