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Technavio’s market research report predicts that the global fracking fluid and chemicals market will grow at a CAGR of almost 10% during the forecast period. One of the primary drivers for the market’s growth is the shift towards horizontal drilling. Horizontal drilling offers a mechanism to retrieve the unconventional shale reserves with hydraulic fracturing technique. Moreover, the horizontal drilling technique utilizes a lot of fracking chemicals and fluids than vertical drilling as it reaches more area. Regions like Germany, France, and Denmark have notable potential for the hydraulic fracturing technique consequently increasing the demand for fracking fluids and chemicals. Therefore, the increased acceptance of the advanced drilling technologies like horizontal drilling for recovering oil and gas is expected to drive the market for the global fracking fluid and chemicals market.
One of the latest trends that will gain traction in the market is the development of new fracking chemicals. R&D activities to manufacture eco-friendly chemicals and fluids is anticipated to drive the market’s growth. Companies are already on the look out to develop economic and environmental friendly fracking chemicals and fluids which will again boost the market’s growth prospects.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by fluid type
PART 07: Market segmentation by functions
PART 08: Geographical segmentation
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Tags: hydraulic fracking, fracking process, safety products, lubricant, chemicals and materials market research, specialty chemicals industry reports,
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