Fracking Fluids Market: Market Overview
The overall market is also being propelled by energy shift toward gas as a transitional fuel. The market is further boosted by the development of advanced chemicals for fracking fluids and energy security offered by domestic supply of natural gas worldwide. Use of waterless fracturing-foams would further provide significant growth opportunities to this market in the future.
Fracking Fluids Market: Introduction
Fracking fluid, also known as frac fluid, is a mixture of chemicals which are used in drilling operations to increase the extraction quantity of hydrocarbons. These fluids also help in preventing the corrosion of well. Fracking fluid greases the extraction process and averts clogs & bacterial growth and other such functions.
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Fracking Fluids Market: Segmentation
The report analyses the global fracking fluids market based on fluid type, well type, function type and geography
Based on fluid type, the market is segmented into water based fluids, oil based fluids, synthetic based fluids, and foam based fluids and other base fluids.
Based on well type,
This market is categorized into
Horizontal
Vertical
Based on function type, this market is categorized into gelling agent, friction reducer, surfactant, scale inhibitor, clay stabilizer, acid, cross-linkers, breaker, pH adjusting agent, iron control agent, corrosion inhibitor, biocide and other fracking chemicals.
By geography, the global fracking fluids market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East & Africa.
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Fracking Fluids Market: Major top leading key players
The leading market players of the global fracking fluids market include BASF SE, AkzoNobel N.V., Albemarle Corporation, Ashland Inc., Baker Hughes, Calfrac Well Services Ltd., Chevron Phillips Chemical Company, Clariant International Ltd., DowDuPont, FTS International, Halliburton Co. and Schlumberger Limited among others. Collaborations and geographic expansions are the key growth strategies adopted by the major players to reinforce their positions in the international market.
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