Fracking Fluids Market Size

Fracking Fluids Market – U.S. Industry Key Trends, Competitive Scenario, Current and Future Players 2022

Summary

Hydraulic fracturing, the process for fracturing underground rock formations with a mixture of pressurized water, propping agents (proppants) and chemical additives to release petroleum or natural gas for extraction, has changed the global energy landscape for the world, and in particular, the U.S. Due to the downturn in the energy sector, gas and oil production from hydraulic fracturing has slowed down considerably. Though the Gulf Coast/Southwest region used REDACTED of the fracking fluid in the U.S. in 2017, by 2022 usage of fracking fluids in the region is expected to fall to REDACTED of the total usage at CAGR of REDACTED from 2017 to 2022. The Gulf Coast/Southwest region is still the most lucrative area for fracking fluid since the publication of the last report. The region held REDACTED of the revenues produced in the fracking fluid industry in 2017 but by 2022, its revenues will follow to REDACTED of the total market.

Since the publication of the last report, the use of the chemical additives fell while the total amount of carrier fluid in the mixture increased. BCC Research attributes the increase of carrier fluid in the hydraulic mixture due to an increase in the availability of recycled water. Total revenues for the chemical additives have decreased while that of the carrier fluid have increased dramatically.

Overall, the industry is expected to continue its contraction from 2014 to 2017, however, new growth is expected to occur from 2017 through 2022 as the energy sector begins to recover.

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Scope of Report

This study provides a comprehensive overview of the fracking fluids market in the U.S., including the hydraulic fracturing technologies most widely used, the amount and type of production, and presents market forecasts over the five-year period from 2017 to 2022 for each major component and the specific additives in use.

The research covers the market drivers propelling the growth of the fracking fluid industry, the industry structure, trends, and the company profiles of the major production operators and fracking fluid suppliers for the U.S. domestic market. Extensive analysis of the production of each type of hydraulic fracturing technology supports the estimated production growth rates for the specific fracking fluids presented.

BCC Research separates the market analysis into five distinct sections.

The first section presents an overview of energy production from shale resources in the U.S. This section covers the production capacity of each fuel, gas, natural gas, and natural gas liquids across the domestic shale formations.

The second section provides a top-level view of the fracturing technologies that have the greatest influence over the usage of fracking fluids in the market. This section identifies the major hydraulic fracturing techniques most frequently used and presents their baseline fuel production level and production estimates over the five-year period of this report.

The third section offers the capstone presentation of the relevant fracking fluids in the U.S. market and their revenues in millions of dollars and production in millions of pounds. The report displays sales values from 2016 and estimates of sales from 2017 to 2022.

In the fourth section, BCC Research presents a diagram of the industry and analyzes the industry structure, market drivers and trends. The analysis covers the forces positioned to inhibit the growth of hydraulic fracturing in the U.S., including the sustainability, environmental and health concerns.

The fifth and final section includes an extensive list of the major players in the industry, separated into three groups: the production site operators, the fracking fluid suppliers and the regulatory agencies by state.

Reasons for Doing This Study

For the first time in U.S. history, projections of oil and gas production place the U.S. as the largest oil producer in 2017 and a net exporter of natural gas in the early 2020s.1 The uptick in production sees the highest growth rate of oil from the Bakken Shale under the states of North Dakota and Wyoming, and gas from the Marcellus Shale under the states of Pennsylvania, West Virginia, Ohio, Virginia and New York.

Fracking fluids mainly consist of a major solvent such as water, a proppant (typically sand), and a number of various additives which include gelling agents, iron controls, breaker fluids, corrosion inhibitors, friction reducers, surfactants, biocides, crosslinkers, acids, solvents, scale inhibitors, clay stabilizers and pH adjusters that all contribute to the efficiency of the fracking process. The fracking fluids are forced down a well with high pressure and aid in breaking through the porous rock formations that hold trapped oil and gas, facilitating their release and capture. Given the important role that the fracking fluids play in the hydraulic fracturing process, this study will provide an overview of the widely used hydraulic fracturing technologies in the U.S. This report will also present an assessment of the various components of fracking fluids, estimates their production over the coming years, and captures the industry structure consisting of the market drivers and major players in energy production, and the chemical suppliers with the most influence in the fracking fluid industry.

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Since protests against the use of hydraulic fracturing have increased over the years, the need to study the market forces and growth detractors of fracking fluids in the market has consequently increased in urgency. Furthermore, the development of new technology that seeks to reuse fracking fluids to reduce the environmental footprint of the process adds to the support of this study since it will analyze each of the market components.

In summary, this study of the U.S. fracking fluid market will provide:
– A critical review of one of the primary driving forces of domestic energy production for years to come.
– A closer look at the additive constituents that display the greatest opportunity for chemical suppliers.
– An analysis of the fracking fluids industry drivers and trends with the most considerable influence over domestic energy production.

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