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Hydraulic Fracturing Market By Technology (Plug And Perf, Sliding Sleeves), By Materials (Proppants, Sand, Ceramics, Resin coated Sand And Others), By Application (Conventional, Non-Conventional) - Growth, Future Prospects and Competitive Analysis, 2016 - 2023

This report, titled "Hydraulic Fracturing Market: Growth, Future Prospects, and Competitive Analysis, 2016–2023," offers strategic insights into the trends in the hydraulic fracturing market along with the market size and forecast for the duration of 2013–2023. The said research study incorporates an in-depth analysis of multiple market segments based on technology, materials, application, and geographical distribution.

The global hydraulic fracturing market is becoming increasingly competitive, with a growing number of mergers and collaborations between market players to reach full capabilities and gain an international footprint.

In addition, several players are also focused on developing their niche in the market. This market's rapid growth has also resulted in the creation of additional skilled job opportunities in major hubs across North America, Europe, Latin America, and Asia Pacific.

Based on technology, the global hydraulic fracturing market is categorized into plug-and-perf and sliding-sleeve technologies. On the basis of material, the global hydraulic fracturing market is segmented into proppants and other materials. The proppants segment is further sub-segmented into the sand, ceramics, and resin-coated sand. By application, the global hydraulic fracturing market is segmented into conventional and non-conventional resources.

In addition, oil-producing companies, manufacturing industries, and academic organizations form the major client types for the hydraulic fracturing market. This report presents the market size and forecast for all segments considered for the period 2013-2023, as well as their respective CAGRs for the forecast period 2016-2023.

In terms of geographical distribution, the global hydraulic fracturing industry is studied in five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Market size and forecasts for each regional and country-level market are included in the report for the considered periods.

To further elucidate, the geographical distribution of the global hydraulic fracturing market is described as follows:

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Russia 
  • Germany
  • Rest of Europe
  • Asia-Pacific
  • Australia
  • Japan
  • China
  • Indonesia
  • Asia-Pacific region
  • Middle East and Africa (MEA)
  • GCC
  • the remainder of MEA
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Chile
  • rest of Latin America

Along with the quantitative information sets, this report also provides qualitative information, such as market dynamics and an executive summary of the global hydraulic fracturing market. The report also includes tools to help readers with competitive mappings, such as competition assessment and appealing investment propositions. This study concludes with a company profile section. This section includes major information about the key companies engaged in the development and provision of hydraulic fracturing.

Based on these materials, the global hydraulic fracturing market is segmented as follows:

  • Proppants
  • Sand
  • Ceramics
  • Resin-coated sand
  • Others

The global hydraulic fracturing market is divided into categories on the basis of materials. Among materials, the proppants segment is projected to be the most dominant segment owing to the growing popularity of ceramic proppants in hydraulic fracturing, and other propellants such as sand and resin-coated sand are expected to augment the growth of the segment over the forecast period.

Further, the growing exploration of tight oil and shale gas requires processes such as hydraulic fracturing to make the rock porous in order to extract oil and gas from the shale rock. As a result, demand for hydraulic fracturing is expected to rise in tandem with the expansion of shale gas exploration and production. Other materials such as nitrogen gas, pressurized foams, guar mix, and other fracking fluids are anticipated to drive the demand for hydraulic fracturing during the forecast period (2016–2023).

Based on the application, the global hydraulic fracturing market is segmented as follows:

  • Conventional
  • Non-Conventional

The global hydraulic fracturing market is classified according to application. By application, the non-conventional segments are projected to be the most dominant segment and are expected to witness high growth over the forecast period. Exploration for shale gas, tight oil, and coal bed methane is expected to drive segment growth during the forecast period.

High-proven reserves in the U.S., Canada, China, Argentina, and Algeria are projected to fuel the growth of the segment during the forecast period (2016–2023). However, the increasing adoption of hydraulic fracturing for the exploration and production of conventional wells is expected to drive the growth of the conventional segment during the later stages of the forecast period (2016–2023).

The global hydraulic fracturing market is divided into the following segments based on technology:

  • Plug and Play
  • Sliding Sleeves

The global hydraulic fracturing market is classified according to technology. Among technologies, the plug-and-perf segment is projected to be the most dominant segment owing to the wide adoption of technology in hydraulic fracturing and wellbore completions. The plug-and-play segment is projected to grow at a significant rate over the forecast period. On the other hand, sliding sleeve technology is a new technology designed to speed up the fracking process.

This technology is an open-hole completion technique that allows multiple fractures in a single pumping session. Thus making the hydraulic fracturing process economical and efficient. The technology is expected to gain traction as the exploration and production of shale gas expand in the United States and other countries around the world. The segment is anticipated to gain a significant revenue share by 2023 and is projected to witness high growth during the forecast period (2016–2023).

For the purpose of this study, the global hydraulic fracturing market is categorized into three segments:

  • North America
  • Europe
  • Asia Pacific    
  • Latin America (LATAM)
  • Middle East and Africa (MEA

At present, North America is the most dominant regional market for hydraulic fracturing. Increasing shale gas production on a commercial scale and high shale gas reserves coupled with favorable regulatory policies for hydrocarbon exploration in the U.S. and Canada are anticipated to drive the growth of hydraulic fracturing in the region.

Further, the increasing adoption of hydraulic fracturing techniques, along with the availability of high-quality shale gas reserves in China and Australia, are projected to fuel the demand for hydraulic fracturing in Asia-Pacific. Asia Pacific is anticipated to gain significant market share in the global hydraulic fracturing market by 2023. The increasing adoption of hydraulic fracturing in the exploration and production of conventional oil wells in the Middle East and other regions of the globe is expected to fuel the demand for hydraulic fracturing over the forecast period (2016–2023).

Frequently Asked Questions:

The market for Hydraulic Fracturing Market is expected to reach US$ 102.1 Mn By 2023.

The Hydraulic Fracturing Market is expected to see significant CAGR growth over the coming years, at 9.9%.

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Calfrac Well Services Ltd., Schlumberger Limited, Trican Well Services Ltd, Nabors Industries Ltd are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jan 2017
Category:  Oil & Gas
Report ID:   58301
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
Delivery Time: 24 Hours to 48 Hours   
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