Fracking Fluids Market Worth $20.4 Billion by 2018 by MarketsandMarkets, January 22, 2014, PRNewswire in The Sacramento Bee
The report “Fracking Chemicals and Fluid Market by Fluid & Well Type, and Chemicals (Acid, Surfactant, Biocide, Gelling Agent, Cross Linker, Breaker, Scale & Corrosion Inhibitor, Clay & Iron Control, Friction Reducer) – Global Trends & Forecasts to 2018”, defines and segments the Fracking Fluid and Chemicals Market with an analysis and forecast of the volumes and revenue. The Fracking Fluids Market revenue will grow to $20.4 billion by 2018, with a CAGR of 9.6% from 2013 to 2018.
Browse 79 market data tables and 39 figures spread through 209 pages and in-depth TOC on “Fracking Chemicals and Fluid Market” http://www.marketsandmarkets.com/Market-Reports/fracking-chemicals-fluid-market-1317.html Early buyers will receive 10% customization on this report.
The fracking (hydraulic fracturing) fluids and chemicals market is mainly driven by the increasing need to fracture the unconventional oil and gas reserves which can decrease the demand supply gap in the growing oil and gas demand to fuel the world. North America is by far the largest market for the Fracking Market mainly due to advanced technology available to drill and recover oil and gas from unconventional resources. The Rest of the World is still in infancy stage, but shows a promising future especially in Asia Pacific.
Fracking is facing a lot of public opposition due to potential environmental hazards caused by fracturing. Water usage, water contamination, and seismic activity are the most important concerns related to fracking. …
The leading players in the market include Baker Hughes (U.S.), Chevron Phillips Chemical (U.S.), Halliburton (U.S.), Schlumberger (U.S.), FTS International (U.S.), BASF (Germany), Dow Chemical (U.S.), DuPont (U.S.), Clariant (Switzerland), Ashland (U.S.), Albemarle (U.S.), Akzo Nobel (The Netherlands), Solvay (Belgium) among several others.
The report covers the Fracking Fluid and Chemicals Market and its trends concerning six regions, namely, North America, Europe, Asia-Pacific, Middle East, Africa, and Latin America; and the major countries in each region such U.S., Canada, Australia, China, Argentina, Brazil, and others.
The Fracking Fluids Market covers the major types of fluid base used such as Water-based, Gelled Oil-based, and Foam-based and also the type of wells such as horizontal and vertical. The fracking chemicals such as Acids, Biocide, Breaker, Clay Stabilizer, Corrosion Inhibitor, Cross-linker, Friction Reducer, Gelling Agent, Iron Control, pH Adjusting Agent, Scale Inhibitors, and Surfactant are included along with their estimated market revenue and consumption trends.
Specialty Oilfield Chemicals Market by Types, Applications, Trends & Global Forecasts (2011 – 2016)
Solvay Pays Up to Get Into Fracking by Quentin Webb, October 7, 2013, The New York Times
The $13 billion Belgian chemicals company is staking $1.3 billion on Chemlogics, an American specialist in compounds for extracting oil and natural gas. The price looks high, but there should be tax savings, a sales increase and a chance to ride the shale revolution.
The acquisition helps Solvay distance itself from competitive, low-margin commodity chemicals. … Making chemicals that coax oil out sideways is the California firm’s forte.
The takeover also fits into a bigger reinvention at Solvay, after the 2009 divestment of its drug unit, and the big takeover in 2011 of France’s Rhodia. Thus far, the transformation has proceeded slowly, and the payback to investors has lagged behind returns of rivals. It has delivered total shareholder returns of 65 percent since the Rhodia deal was announced, while the Euro Stoxx chemical index has returned 97 percent. Solvay’s chief executive, Jean-Pierre Clamadieu, has a goal of generating 3 billion euros in Ebitda by 2016, but that remains a challenge. Finding a new seam of revenue in fracking, however, nudges Solvay a little further in the right direction.