Market Overview:
The global hydraulic fracturing market reached a value of US$ 41.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 61.5 Billion by 2027, exhibiting at a CAGR of 6.48% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Hydraulic fracturing, or fracking, refers to an oil and gas well drilling process used for extracting petroleum or natural gas and creating new fractures in low-permeability rocks, such as sandstone, shale and coal, for enhancing the oil and gas flow. It involves injecting high-pressure water, sand and chemicals into the bedrock formation of the well. Hydraulic fracturing commonly utilizes plug and perf and sliding sleeve technologies that involves the stimulation of wells with cemented liners and shutting off of flow from one or more reservoir zones to regulate pressure between the extraction zones. The wells are drilled in horizontal and directional sections using proppants, such as sand, ceramic pellets and small incompressible particles. Hydraulic fracturing aids in improving the access to oil and gas resources and minimizing the amount of pollution particles in the air.
Hydraulic Fracturing Market Trends:
A significant increase in the onshore and offshore oil and gas exploration activities is one of the key factors driving the market growth. Hydraulic fracturing is widely used for the redevelopment of oil fields, well base expansion and exploring new offshore projects for the extraction of natural gas and crude oil. Moreover, the rising demand for energy across both developed and emerging nations is providing a thrust to the market growth. Hydraulic fracturing is widely utilized for the exploration of highly impermeable shale reservoirs and optimization of oil production. In line with this, the increasing adoption of plug and perf technology for vertical and horizontal wells is also contributing to the growth of the market. Additionally, the development of foam-based and waterless fracking technologies is acting as another growth-inducing factor. Foam offers high viscosity and low liquid content that aids in minimizing water utilization and reducing the impact on the environment. Other factors, including the development of cost-effective fine mesh frac sand, along with the implementation of favorable policies regarding sustainable development, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydraulic fracturing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on well type, fluid type, technology and application.
Breakup by Well Type:
Breakup by Fluid Type:
- Slick Water-based Fluid
- Foam-based Fluid
- Gelled Oil-based Fluid
- Others
Breakup by Technology:
- Plug and Perf
- Sliding Sleeve
Breakup by Application:
- Shale Gas
- Tight Oil
- Tight Gas
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Afg Holdings Inc., Archer Limited, Baker Hughes Company, Basic Energy Services Inc., Calfrac Well Services Ltd., Fts International Inc., Halliburton Company, Legend Energy Services, Liberty Oilfield Services Inc., Nextier Oilfield Solutions Inc., Nine Energy Services and Patterson-Uti Energy Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Well Type, Fluid Type, Technology, Application, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Afg Holdings Inc., Archer Limited, Baker Hughes Company, Basic Energy Services Inc., Calfrac Well Services Ltd., Fts International Inc., Halliburton Company, Legend Energy Services, Liberty Oilfield Services Inc., Nextier Oilfield Solutions Inc., Nine Energy Services and Patterson-Uti Energy Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global hydraulic fracturing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global hydraulic fracturing market?
- What are the key regional markets?
- What is the breakup of the market based on the well type?
- What is the breakup of the market based on the fluid type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global hydraulic fracturing market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Hydraulic Fracturing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Well Type
6.1 Horizontal
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Vertical
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Fluid Type
7.1 Slick Water-based Fluid
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Foam-based Fluid
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Gelled Oil-based Fluid
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Technology
8.1 Plug and Perf
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Sliding Sleeve
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Shale Gas
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Tight Oil
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Tight Gas
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Afg Holdings Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Archer Limited
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Baker Hughes Company
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Basic Energy Services Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Calfrac Well Services Ltd.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Fts International Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Halliburton Company
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Legend Energy Services
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.9 Liberty Oilfield Services Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Nextier Oilfield Solutions Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Nine Energy Services
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Patterson-Uti Energy Inc.
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Hydraulic Fracturing Market: Major Drivers and Challenges
Figure 2: Global: Hydraulic Fracturing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Hydraulic Fracturing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Hydraulic Fracturing Market: Breakup by Well Type (in %), 2021
Figure 5: Global: Hydraulic Fracturing Market: Breakup by Fluid Type (in %), 2021
Figure 6: Global: Hydraulic Fracturing Market: Breakup by Technology (in %), 2021
Figure 7: Global: Hydraulic Fracturing Market: Breakup by Application (in %), 2021
Figure 8: Global: Hydraulic Fracturing Market: Breakup by Region (in %), 2021
Figure 9: Global: Hydraulic Fracturing (Horizontal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Hydraulic Fracturing (Horizontal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Hydraulic Fracturing (Vertical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Hydraulic Fracturing (Vertical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Hydraulic Fracturing (Slick Water-based Fluid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Hydraulic Fracturing (Slick Water-based Fluid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Hydraulic Fracturing (Foam-based Fluid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Hydraulic Fracturing (Foam-based Fluid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Hydraulic Fracturing (Gelled Oil-based Fluid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Hydraulic Fracturing (Gelled Oil-based Fluid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Hydraulic Fracturing (Other Fluid Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Hydraulic Fracturing (Other Fluid Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Hydraulic Fracturing (Plug and Perf) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Hydraulic Fracturing (Plug and Perf) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Hydraulic Fracturing (Sliding Sleeve) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Hydraulic Fracturing (Sliding Sleeve) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Hydraulic Fracturing (Shale Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Hydraulic Fracturing (Shale Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Hydraulic Fracturing (Tight Oil) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Hydraulic Fracturing (Tight Oil) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Hydraulic Fracturing (Tight Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Hydraulic Fracturing (Tight Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Hydraulic Fracturing Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Hydraulic Fracturing Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Hydraulic Fracturing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Hydraulic Fracturing Industry: SWOT Analysis
Figure 81: Global: Hydraulic Fracturing Industry: Value Chain Analysis
Figure 82: Global: Hydraulic Fracturing Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Hydraulic Fracturing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Hydraulic Fracturing Market Forecast: Breakup by Well Type (in Million US$), 2022-2027
Table 3: Global: Hydraulic Fracturing Market Forecast: Breakup by Fluid Type (in Million US$), 2022-2027
Table 4: Global: Hydraulic Fracturing Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Hydraulic Fracturing Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Hydraulic Fracturing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Hydraulic Fracturing Market: Competitive Structure
Table 8: Global: Hydraulic Fracturing Market: Key Players