London, 13 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Fracking Chemicals and Fluids Market in the US 2014-2018.
Fracking chemicals are generally used in wells for shale gas and oil recovery, with a typical fracture treatment requiring between 3 and 12 chemical additives. Demand from the oil and gas market in the Americas is set to spur market growth at an 8.7 percent CAGR over the projected period.
About the Report
The latest report by TechNavio focuses on the growing shale oil and gas market, which is expanding rapidly with the large-scale participation of international and regional vendors. Most of the vendors are investing in shale oil and gas sources to increase production and meet global demand.
The report also highlights the development of new and modified fracking chemicals and fluid components. The increase in domestic energy production and environmental and health concerns about hydraulic fracturing technology has forced a more detailed examination of the market prospects for fracking chemicals in the US.
“With ever-increasing health and environmental concerns, companies in the US are looking forward to develop fracking chemicals that are financially and environmentally more sustainable,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Growing Shale Oil and Gas Market in the Americas
- For a full detailed list, view our report.
Market Challenges:
- Proper Management of Flowback Fluids
- For a full detailed list, view our report.
Market Trends:
- Development of New Fracking Chemical and Fluid Components
- For a full detailed list, view our report.
Key Vendors:
- Baker Hughes Inc.
- Halliburton
- Pioneer Energy Services Corp.
- Schlumberger Ltd.
Other Prominent Vendors:
- BASF
- Calfrac Well Services
- Dow Chemical
- DuPont
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
