9:07 AM Eco-Friendly Fracking Chemicals Market Size to experience an impressive growth of 7.6% during 2020-25 |
| The eco-friendly fracking chemicals market is projected to grow at a promising CAGR of 7.6% over the next five years to reach US$ 9,948 million in 2025. Increasing awareness regarding the use of environmental-friendly fracking chemicals, recuperating crude oil prices along with an increasing share of hydraulically fractured oil & gas production, and huge reserves of shale gas are the key factors, propelling the demand for eco-friendly fracking chemicals.
Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/814/eco-friendly-fracking-chemicals-market.html Or Read the summary of the report here: https://www.stratviewresearch.com/814/eco-friendly-fracking-chemicals-market.html Eco Friendly Fracking Chemicals Market Insights: By Type: The eco-friendly fracking chemicals market is segmented based on the type of chemicals as gelling agent, crosslinker, surfactant, friction reducer, and others. Gelling agent dominated the market because of the use of a large amount of gelling agent in linear gel and crosslinked gel fracking fluids. Furthermore, there is a sheer interest in the use of the eco-friendly gelling agents in the industry. Guar gum is biodegradable and an environmentally friendly gelling agent. Friction reducer is the fastest-growing segment, owing to its use in slickwater fracking fluid. By Fluid Type: Based on the fluid type, the eco-friendly fracking chemicals market is segmented as slickwater, linear gel, and crosslinked gel fracking fluid. Slickwater is expected to remain the largest as well as the fastest-growing segment during the forecast period. Various benefits offered by slickwater fracking fluids, such as better production results at a reduced cost, make it the dominant segment. By Region: In terms of regions, North America is expected to maintain its unassailable dominance in the global market during the forecast period, driven by the most number of hydraulically fractured wells in the region coupled with the presence of major eco-friendly fracking chemicals manufacturers, increasing awareness regarding the use of environmentally friendly fracking chemicals, and a large amount of technically recoverable shale oil and gas reserves in the region. The USA is not only the largest market in North America but also in the world. Over the same period, Asia-Pacific is projected to grow at the highest rate, driven by increasing investments in the exploration and production of oil and natural gas in China and rising concern for protecting the environment from the harmful effects of fracking chemicals. China owns the highest technically recoverable shale gas reserves (31.6 trillion cubic meters). Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/814/eco-friendly-fracking-chemicals-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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