The Fracking Chemicals And Fluids Global Market Report 2023, provides comprehensive information on the fracking chemicals and fluids market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global fracking chemicals and fluids market is expected to grow from $38.44 billion in 2022 to $42.93 billion in 2023 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The fracking chemicals and fluids market is expected to reach $6.18 billion in 2027 at a CAGR of 10.1%.
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Product innovations are a key trend gaining popularity in the fracking chemicals and fluids market. Major companies operating in the fracking chemicals and fluids market are adopting new innovative products to sustain their position in the market. For instance, in May 2022, SPM Oil & Gas Inc., a US-based engineered mechanical and rotating equipment provider, launched SPM Simplified Frac Iron System to improve the hydraulic fracturing process. It is uniquely designed to strengthen the disjointed process inherent in conventional ground iron and increase frac site operational efficiency. It replaces the multiple tie-in lines with a single large-bore inlet that connects to the zipper manifold, which creates fewer turns and connections.
The fracking chemicals and fluids market is segmented:
1) By Product: Water Based Fluids, Oil Based Fluids, Synthetic Based Fluids, Foam Based Fluids
2) By Well: Horizontal Well, Vertical Well, Directional Well
3) By Function: Friction Reducer, Biocides, Clay Control Agent, Gelling Agent, Cross-Linkers, Breakers, Buffers, Surfactants, Other Functions
North America was the largest region in the fracking chemicals and fluids market in 2022.
The table of contents in TBRC’s fracking chemicals and fluids market report includes:
1. Executive Summary
2. Fracking Chemicals And Fluids Market Characteristics
3. Fracking Chemicals And Fluids Market Trends And Strategies
4. Fracking Chemicals And Fluids Market – Macro Economic Scenario
5. Global Fracking Chemicals And Fluids Market Size and Growth
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32. Global Fracking Chemicals And Fluids Market Competitive Benchmarking
33. Global Fracking Chemicals And Fluids Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Fracking Chemicals And Fluids Market
35. Fracking Chemicals And Fluids Market Future Outlook and Potential Analysis
36. Appendix
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