Fracking Chemicals Market Share, Size, Trends, Industry Analysis Report By Well Type (Horizontal Wells, Vertical Wells); By Function (Gelling Agent, Friction Reducer, Clay Control Agent, Cross-Linkers, Corrosion Inhibitor, Surfactant, PH Adjusting Agent); By Fluid Type (Foam-Based Fluids, Water-Based Fluids, Oil-Based Fluids); By Regions, Segments & Forecast, 2018 - 2026

Report Summary

The global fracking chemicals market was valued at USD 25.2 billion in 2017 and is anticipated to grow at a CAGR of more than 11.0% from 2018 to 2026. Fracking, also known as hydraulic fracturing, is a process of injecting water, sand, and chemicals underground at extremely high pressures to crack open rock layers to release the oil or gas trapped inside. Oil and gas companies add chemicals to the water used for fracking to decrease friction and prevent corrosion. Fracking chemicals can be foam-based, water-based, and oil-based among others. Some chemicals used for fracking include Hydrochloric Acid, Ammonium Persulfate, Choline Chloride, Sodium Hydroxide, Ethylene Glycol, and Magnesium Peroxide among others.

North America Fracking Chemicals Market Share By Well Type, 2017 - 2026

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世界范围内对能源和电力需求的不断增长主要推动了压裂化学品市场的增长。水平钻井的发展趋势，以及越来越多地采用天然气作为燃料，导致对压裂化学品的需求增加。随着工业化进程的加快，人口的增长和城市化进程的加快，对能源的需求也随之增加，从而支持了压裂化学品市场的增长。推动水力压裂化学品市场的其他因素包括有利的监管政策和不断增长的政府举措和支持。新兴经济体日益增长的需求、技术进步以及研发投资的大幅增加，预计将在未来几年提供众多增长机会。

Segment Analysis

全球市场是分段压裂化学物质on the basis of well type, fluid type, function, and region. Based on well type, the market is segmented into horizontal wells, and vertical wells. Horizontal wells dominated the global market in 2017 owing to its ability to harness greater amount of energy while offering higher productivity and efficiency.

流体类型为分段泡沫基流体、水基流体、油基流体和其他流体。2017年，由于日益增长的环境问题和高生产率，水基液体在全球市场占据主导地位。

On the basis of function, the market is segmented into Gelling Agent, Friction Reducer, Clay Control Agent, Cross-Linkers, Corrosion Inhibitor, Surfactant, PH Adjusting Agent, and others. In 2017, the gelling agent accounted for the highest market share in the global market.

区域分析

Geographically, the fracking chemicals market is segmented across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific. North America generated the highest revenue in the market in 2017 owing to the presence of established drilling and exploration industry.

竞争格局

The leading players in the fracking chemicals market include Halliburton Co., E.I. Dupont De Nemours & Co., BASF SE, Chevron Phillips Chemical Company, Baker Hughes Incorporated, The DOW Chemical Company, Calfrac Well Services Ltd., Albermarle Corporation, Akzo Nobel N.V., and Schlumberger Ltd. among others. The leading players in the market are introducing new innovative products in the market to cater to the consumers. Global players are entering new markets in developing regions to expand their customer base and strengthen market presence.