Hydraulic Fracturing Market
Global Hydraulic Fracturing Market Size, Share & Trends Analysis Report by Application (Conventional Hydraulic Fracturing, Tight Gas Hydraulic Fracturing, Shale Gas Hydraulic Fracturing, Tight Oil Hydraulic Fracturing, Coal Bed Hydraulic Fracturing, and Others), by Technology (Sliding Surface, Plug & Perf, and Others), by Material (Proppant and Others), and by Shale Type (Bakken Shale, Antrim Shale, Woodford Shale, Marcellus Shale, Haynesville Shale, Fayetteville Shale, Eagle Ford Shale, Barnett Shale, and Others) Forecast Period (2022-2028) Update Available - Forecast 2024-2030
The global hydraulic fracturing market is anticipated to grow at a CAGR of 7.6% during the forecast period. The global hydraulic fracturing market is growing at a modest rate due to the rise in the adoption of hydraulic fracturing in the oil & gas market for shale exploration and production. Significant investment from government and private players is expected to boost the global hydraulic fracturing market. For instance, in August 2021, NexTier Oilfield Solutions announced the acquisition of Alamo Pressure Pumping, LLC. With this acquisition, NexTier Oilfield Solutions will operate the third-largest base of active hydraulic horsepower across the US and the largest base of next-generation equipment in the Permian Basin. Additionally, R&D investment and research programs are guiding the market to explore shale gas through safe technology without harming the environment. However, the requirement for a huge amount of water and chemicals in the global hydraulic fracturing market is restraining the market growth. Stringent government regulations & policies may also affect the market growth. Concerns for water contamination, seismic wave formation, and sliding crude oil prices are expected to affect market growth. However, huge demand in the Asia-Pacific region and the adoption of waterless fracturing foams are expected to boost the market.
Impact of COVID-19 Pandemic on Global Hydraulic Fracturing Market
The COVID-19 pandemic negatively impacted the global hydraulic fracturing market. During COVID-19, as of May 2020, 212 countries had been impacted by the pandemic, and the governments of these countries had ordered nationwide lockdowns which disrupted the supply chain operation of several industries. As a result, there was a considerable decline in transportation and related activities which in turn impacted the demand for oil and gas. According to the International Energy Agency (IEA) report, in March 2020, the geopolitical events increased the supply of low-priced oil to the global market while simultaneously the demand declined due to the outbreak of the pandemic. These in turn affected the demand for oil and natural gas, as well as for hydraulic fracturing services and products. However, as the COVID-19 situation normalizes, the global Hydraulic Fracturing market started to recover as industrial operations were normalized after the recovery.
Segmental Outlook
The global hydraulic fracturing market is segmented based on application, technology, material, and shale type. Based on the application, the market is segmented into conventional hydraulic fracturing, tight gas hydraulic fracturing, shale gas hydraulic fracturing, tight oil hydraulic fracturing, coal bed hydraulic fracturing, and others. Based on the technology, the market is sub-segmented into a sliding surface, plug & perf, and others. Based on material, the market is segmented into proppant (sand, ceramic, resin-coated sand), and others. And, based on the shale type, the market is segmented into bakken shale, antrim shale, woodford shale, marcellus shale, haynesville shale, fayetteville shale, eagle ford shale, barnett shale, and others.
Global Hydraulic Fracturing Market Share by Technology, 2021 (%)
Plug & Perf is Expected to Hold a Prominent Share in the Global Hydraulic Fracturing Market
Based on the technology, the plug & perf segment is expected to grow at a significant rate during the forecast period. This is attributed to the fact that it delivers higher performance in production and supports lowering production costs. Additionally, It is the most preferred and common fracturing technology owing to its ease of operation and competitive cost as well as can be used in both vertical and horizontal wells.
Regional Outlook
The global hydraulic fracturing market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Asia-Pacific is anticipated to grow during the forecast period due to the growing demand for hydraulic fracturing for shale production.
Global Hydraulic Fracturing Market Growth by Region, 2022-2028
North America Region Holds a Prominent Share in the Global Hydraulic Fracturing Market.
The North American region holds a prominent share in the hydraulic fracturing market. The major factor driving the growth of the market in the region due to rising shale gas production and technological advancement. Additionally, North America has abundant shale reserves that are commercially viable as a result hydraulic fracturing market is widely adopted for shale gas formation.
Market Players Outlook
The major companies serving the global hydraulic fracturing market include Baker Hughes Inc., C&J Energy Services Inc., Cudd Energy Services, Halliburton, and Patterson-UTI Energy, Inc., among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships, geographical expansion, and collaborations to stay competitive in the market. For instance, in October 2020, Halliburton announced to launch SmartFleet, an intelligent automated fracturing system. SmartFleet assists operators to control real-time fracturing while pumping by providing subsurface fracture measurements, live 3D visualization, and real-time fracture commands.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global hydraulic fracturing market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1.Report Summary
- Current Industry Analysis and Growth Potential Outlook
- Impact of COVID-19 on the Global Hydraulic Fracturing Market
- Recovery Scenario of Global Hydraulic Fracturing Market
1.1.Research Methods and Tools
1.2.Market Breakdown
1.2.1.By Segments
1.2.2.By Region
2.Market Overview and Insights
2.1.Scope of the Report
2.2.Analyst Insight & Current Market Trends
2.2.1.Key Findings
2.2.2.Recommendations
2.2.3.Conclusion
3.Competitive Landscape
3.1.Key Company Analysis
3.1.1.Overview
3.1.2.Financial Analysis
3.1.3.SWOT Analysis
3.1.4.Recent Developments
3.2.Key Strategy Analysis
3.3.Impact of COVID-19 on Key Players
4.Market Segmentation
4.1.Global Hydraulic Fracturing Market by Application
4.1.1.Conventional Hydraulic Fracturing
4.1.2.Tight Gas Hydraulic Fracturing
4.1.3.Shale Gas Hydraulic Fracturing
4.1.4.Tight Oil Hydraulic Fracturing
4.1.5.Coal Bed Hydraulic Fracturing
4.1.6.Others
4.2.Global Hydraulic Fracturing Market by Technology
4.2.1.Sliding Surface
4.2.2.Plug & Perf
4.2.3.Others
4.3.Global Hydraulic Fracturing Market by Material
4.3.1.Proppant
4.3.1.1.Sand
4.3.1.2.Ceramic
4.3.1.3.Resin Coated Sand
4.3.2.Others
4.4.Global Hydraulic Fracturing Market by Shale Type
4.4.1.Bakken Shale
4.4.2.Antrim Shale
4.4.3.Woodford Shale
4.4.4.Marcellus Shale
4.4.5.Haynesville Shale
4.4.6.Fayetteville Shale
4.4.7.Eagle ford Shale
4.4.8.Barnett Shale
4.4.9.Others
5.Regional Analysis
5.1.North America
5.1.1.United States
5.1.2.Canada
5.2.Europe
5.2.1.UK
5.2.2.Germany
5.2.3.Italy
5.2.4.Spain
5.2.5.France
5.2.6.Rest of Europe
5.3.Asia-Pacific
5.3.1.China
5.3.2.India
5.3.3.Japan
5.3.4.South Korea
5.3.5.Rest of Asia-Pacific
5.4.Rest of the World
6.Company Profiles
6.1.Baker Hughes Inc.
6.2.BP PLC
6.3.C&J Energy Services Inc.
6.4.Calfrac Well Services Ltd.
6.5.Cudd Energy Services.
6.6.EXXONMOBIL
6.7.Halliburton
6.8.Nabors Industries Ltd.
6.9.Patterson-Uti Energy, Inc.
6.10.Petrobras
6.11.Royal Dutch Shell PLC
6.12.RPC, INC.
6.13.Schlumberger Ltd.
6.14.Equinor Asa
6.15.Superior Well Services Inc.
6.16.Tacrom Services S.R.L.
6.17.Trican Well Service Ltd.
6.18.UOS Drilling S.A.
6.19.Weatherford International PLC
1.GLOBAL ELECTROCARDIOGRAPH ECG MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
2.GLOBAL CONVENTIONAL HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3.GLOBAL TIGHT GAS HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4.GLOBAL SHALE GAS HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5.GLOBAL TIGHT OIL HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6.GLOBAL COAL BED HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7.GLOBAL OTHER HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8.GLOBAL HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
9.GLOBAL SLIDING SURFACE HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10.GLOBAL PLUG & PERF HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11.GLOBAL OTHER HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12.GLOBAL HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
13.GLOBAL PROPPANT HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14.GLOBAL OTHER MATERIAL HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15.GLOBAL HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY SHALE TYPE, 2021-2028 ($ MILLION)
16.GLOBAL HYDRAULIC FRACTURING BY BAKKEN SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17.GLOBAL HYDRAULIC FRACTURING BY ANTRIM SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18.GLOBAL HYDRAULIC FRACTURING BY WOODFORD SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19.GLOBAL HYDRAULIC FRACTURING BY MARCELLUS SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20.GLOBAL HYDRAULIC FRACTURING BY HAYNESVILLE SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21.GLOBAL HYDRAULIC FRACTURING BY FAYETTEVILLE SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22.GLOBAL HYDRAULIC FRACTURING BY EAGLE FORD SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
23.GLOBAL HYDRAULIC FRACTURING BY BARNETT SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
24.GLOBAL HYDRAULIC FRACTURING BY OTHER SHALE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
25.GLOBAL HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
26.NORTH AMERICAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27.NORTH AMERICAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
28.NORTH AMERICAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
29.NORTH AMERICAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
30.NORTH AMERICAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY SHALE TYPE, 2021-2028 ($ MILLION)
31.EUROPEAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
32.EUROPEAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
33.EUROPEAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
34.EUROPEAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
35.EUROPEAN HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY SHALE TYPE, 2021-2028 ($ MILLION)
36.ASIA-PACIFIC HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
37.ASIA-PACIFIC HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
38.ASIA-PACIFIC HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
39.ASIA-PACIFIC HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
40.ASIA-PACIFIC HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY SHALE TYPE, 2021-2028 ($ MILLION)
41.REST OF THE WORLD HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
42.REST OF THE WORLD HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
43.REST OF THE WORLD HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY MATERIAL, 2021-2028 ($ MILLION)
44.REST OF THE WORLD HYDRAULIC FRACTURING MARKET RESEARCH AND ANALYSIS BY SHALE TYPE5, 2021-2028 ($ MILLION)
1.IMPACT OF COVID-19 ON GLOBAL HYDRAULIC FRACTURING MARKET, 2021-2028 ($ MILLION)
2.IMPACT OF COVID-19 ON GLOBAL HYDRAULIC FRACTURING MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3.RECOVERY OF GLOBAL HYDRAULIC FRACTURING MARKET, 2022-2028 (%)
4.GLOBAL HYDRAULIC FRACTURING MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
5.GLOBAL CONVENTIONAL HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6.GLOBAL TIGHT GAS HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7.GLOBAL SHALE GAS HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8.GLOBAL TIGHT OIL HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9.GLOBAL COAL BED HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10.GLOBAL OTHER HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11.GLOBAL HYDRAULIC FRACTURING MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
12.GLOBAL SLIDING SURFACE HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13.GLOBAL PLUG & PERF HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14.GLOBAL OTHER TECHNOLOGY HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15.GLOBAL HYDRAULIC FRACTURING MARKET SHARE BY MATERIAL, 2021 VS 2028 (%)
16.GLOBAL PROPPANT HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17.GLOBAL OTHER MATERIAL HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18.GLOBAL HYDRAULIC FRACTURING MARKET SHARE BY SHALE TYPE, 2021 VS 2028 (%)
19.GLOBAL HYDRAULIC FRACTURING BY BAKKEN SHALE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20.GLOBAL HYDRAULIC FRACTURING BY ANTRIM SHALE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21.GLOBAL HYDRAULIC FRACTURING BY WOODFORD SHALE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22.GLOBAL HYDRAULIC FRACTURING BY MARCELLUS SHALE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23.GLOBAL HYDRAULIC FRACTURING BY HAYNESVILLE SHALE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24.GLOBAL HYDRAULIC FRACTURING BY FAYETTEVILLE SHALE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
25.GLOBAL HYDRAULIC FRACTURING BY EAGLE FORD SHALE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
26.GLOBAL HYDRAULIC FRACTURING BY BARNETT SHALE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
27.GLOBAL HYDRAULIC FRACTURING BY OTHER SHALE MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
28.GLOBAL HYDRAULIC FRACTURING MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
29.US HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
30.CANADA HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
31.UK HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
32.FRANCE HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
33.GERMANY HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
34.ITALY HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
35.SPAIN HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
36.REST OF EUROPE HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
37.INDIA HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
38.CHINA HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
39.JAPAN HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
40.SOUTH KOREA HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
41.REST OF ASIA-PACIFIC HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
42.REST OF THE WORLD HYDRAULIC FRACTURING MARKET SIZE, 2021-2028 ($ MILLION)
