LONDON–(BUSINESS WIRE)–Jan 23, 2020–
The report, global fracking fluid market 2020-2024 has been added to Technavio’s catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on geographic regions and application for the forecast period 2020-2024.
Technavio has announced its latest market research report titled global fracking fluid market 2020-2024 (Graphic: Business Wire)
The report on the global fracking fluid market includes:
Global Fracking Fluid Market Analysis and Forecast 2020-2024: Features
- Competitive landscape
- Market segmentation
- Geographic Segmentation
- Application Segmentation
- Market drivers
- Market trends
- Market challenges
- Five forces analysis
- Market landscape
- Market sizing & forecast
Global Fracking Fluid Market 2020-2024: Competitive landscape
- Vendors covered
- Vendor classification
- Ashland Global Holdings Inc.
- Baker Hughes Co.
- BJ Services LLC
- Chevron Phillips Chemical Co. LLC
- DuPont de Nemours Inc.
- Halliburton Co.
- Schlumberger Ltd.
- Solvay SA
- Trican Well Service Ltd.
- Weatherford International Plc.
Global Fracking Fluid Market Landscape 2020-2024: Geographic landscape
- Americas – size and forecast 2019-2024
- APAC – size and forecast 2019-2024
- EMEA – size and forecast 2019-2024
- Key leading countries
Global Fracking Fluid Market Landscape 2020-2024: Application
- Onshore – size and forecast 2019-2024
- Offshore – size and forecast 2019-2024
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Increasing demand for oil and gas will drive the fracking fluid market
The rising industrialization and urbanization in countries such as China and India and the growing energy consumption are driving the demand for oil and gas. According to IEA, the global energy demand is expected to grow by 25% during 2018-2040. This is propelling oil and gas E&P companies to increase well-drilling activities to explore untapped reservoirs through unconventional E&P techniques such as hydraulic fracturing and horizontal drilling. This will drive the demand for fracturing fluid in these unconventional E&P techniques, which will boost the growth of the fracking fluid market during the forecast period.
Increasing applications of IoT – An emerging trend in the fracking fluid market
The integration of IoT into oil and gas operations is gaining traction in the market because it improves the processing and helps in employing automation. This not only provides an analytical and calculated approach to oil and gas production but also eliminates the uncertainty, non-productive time, and potential risks associated with the extraction process. It also provides real-time pressure data, which plays a significant role in the fracking process to prevent over-fracturing issues. It also supports the efficiency of the tools used in the fracking process.
Other Key Topics Covered in the Report are:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
- Increasing applications of IoT
- Advances in fluid end
- Rising adoption of green fracking methods
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INDUSTRY KEYWORD: CHEMICALS/PLASTICS ENERGY MANUFACTURING OIL/GAS
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 01/23/2020 11:30 AM/DISC: 01/23/2020 11:30 AM
Copyright Business Wire 2020.
