Top Insights On Fracking Fluid Market - Forecast and Analysis 2020-2024



The global fracking fluid market is expected to grow at a CAGR of 8.26% during the forecast period. Based on the application, the global fracking fluid market has been segmented into onshore and offshore. 

Onshore unconventional oil and gas drilling activities have always benefited from technological improvements that support well optimization and enhance production from a reservoir. The US, Canada, China, and Argentina are the major adopters of unconventional oil and gas drilling due to the vast availability of unconventional oil and gas resources in these countries and because of the need to meet growing energy demand with domestic production. 

The increase in energy demand across the world and the recovery in crude oil prices are supporting unconventional E&P activities. Onshore E&P activities are carried out at a lower cost when compared to offshore projects, which explains their rising adoption. Though uncertainty over crude oil prices is a challenge that affects the growth of both conventional and unconventional oil and gas projects, the increase in shale oil and gas production activities as an alternative to conventional drilling will have a positive impact on hydraulic fracturing processes. This trend is expected to drive the onshore segment of the global fracking fluid market during the forecast period. 

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