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North America Fracking Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

  • ID: 5120426
  • Report
  • April 2022
  • Region: North America
  • 95 Pages
  • Mordor Intelligence


  • Dow Chemical Company
  • DuPont de Nemours, Inc.
  • Flotek Industries Inc.
  • Halliburton Company
  • SNF Group

The North America fracking chemicals market is expected to grow at a CAGR of approximately 4.5% during the forecast period. The COVID-19 pandemic had a severe impact on the fracking industry as the oil and gas upstream operations got a sudden halt due to low demand for oil and gas and, consequently, low commodity prices. As an example, in the United States, the price of WTI (West Texas Intermediate) crude reached the lowest level to USD14 per barrel from USD63 at the beginning of the year. The cost of the fracking process is exorbitantly high, thus was not affordable to do in such a scenario even if they got a few of the projects. Factors such as high active rig count, longer lateral lengths, increased number of frac stages per well, and the amount of fracking fluid used per frac stage are expected to drive the market. However, the market is expected to face hurdles due to volatile crude oil prices, and environmental impacts of hydraulic fracturing.

Key Highlights

  • The horizontal or directional segment is expected to grow at the fastest rate during the forecast period due to increased number of horizontally drilled wells in the region.
  • The new alternative fracking technologies, such as waterless fracking, the introduction of green chemicals, propane gel, and other technologies, are expected to create tremendous growth opportunities in the future.
  • The United States is expected to dominate the market during the forecast period due to the high share of unconventional oil and gas production in the petroleum production of the various oil and gas basins present in the country.

Key Market Trends

Horizontal or Directional segment Expected to Dominate the Market

  • Horizontal drilling is a technique in which drilling is done at atleast 80 degrees angular direction to the vertical wellbore. The technique involves hydraulic fracturing to extract oil or gas deposits, a process in which fracking fluid is injected at high pressure towards the the difficult rock formations. The process is generally carried out in the case of unconventional petroleum resources.
  • The process suddenly became a widely used technique, particularly after the U.S shale gas boom, where hydraulic fracturing was an indispensable part of gas extraction from such tight unconventional resources. The shale gas production in the United States reached 26,139 billion cubic feet in 2020, an increase of around 70% in the last five years.
  • Furthermore, in 2020, the oil and gas producers in New Mexico added more proved reserves, with a capacity of 1.8 Tcf, from the development in the Bone Spring/Wolfcamp shale play in the Delaware Basin in the eastern subdivision of the state. The upcoming production in the reserve during the forecast period, is expected to have a direct overwhelming impact on the market.
  • The average new well productivity in the Permian Basin (the tight oil play)was around 900 barrels of oil equivalent(boe) per day in 2020. According to Rystad Energy, this number will increase to 1000 boe per day by 2022. Due to the technical expertise gained by the regional producers in the combination of horizontal drilling and hydraulic fracturing.
  • Such developments are expected to give a boost to the horizontal well drilling type during the forecast period.

United States Expected to Dominate the Market

  • The United States has witnessed a huge demand for crude oil and LNG in the last ten years, which has directly influenced the petroleum production in the country.
  • In the United States, the tight oil production forms a significant share in the overall crude production in the year 2020, specifically from the prominent unconventional oil and gas plays like Eagle Ford, Spraberry, Bakken, Wolfcamp, Woodford, etc. The tight oil plays in the Permian basin had the largest share in the production, which was around 1322 million barrels (around 59%) in the year 2020, followed by the Williston basin.
  • Furthermore, the United States government invested around USD20 billion annually to the value of new oil and gas projects in the last two decades, which increased the companies’ expected profits during the shale booms in the Bakken Formation, Haynesville Shale and Appalachian, Eagle Ford, and Permian Basins. Such initiatives on the part of the government are expected to attract more private investments in the production portfolio.
  • The Offshore Mad Dog Phase 2 project, located in 4,500 feet of water about 190 miles south of New Orleans, Gulf of Mexico, is also expected to drive the market. It includes a new semi-submersible floating production platform with the capacity to produce up to 140,000 gross barrels of crude oil per day from 14 production wells and inject up to 140,000 barrels of water per day using a LoSal system to enhance oil recovery. The production is expected to get started in 2022, by British Petroluem as the operator.
  • Owing to such developments, the country is expected to have the lion's share in the coming years.

Competitive Landscape

The North America fracking chemicals market is moderately fragmented. Some of the key players are Halliburton Company, BASF SE, Dow Chemical Company, CES Energy Solutions Corp, and Solvay SA among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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Note: Product cover images may vary from those shown


  • Dow Chemical Company
  • DuPont de Nemours, Inc.
  • Flotek Industries Inc.
  • Halliburton Company
  • SNF Group

1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
4.1 Introduction
4.2 Market Size and Demand Forecast, in USD billion, till 2027
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5.1 Fluid Type
5.1.1 Water-Based
5.1.2 Foam-Based
5.1.3 Others
5.2 Well Type
5.2.1 Vertical
5.2.2 Horizontal & Directional
5.3 Geography
5.3.1 United States
5.3.2 Canada
5.3.3 Rest of North America
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Dow Chemical Company
6.3.2 Parchem Fine & Specialty Chemicals Inc.
6.3.3 Halliburton Company
6.3.4 Solvay SA
6.3.5 SNF Group
6.3.6 DuPont de Nemours, Inc.
6.3.7 BASF SE
6.3.8 Flotek Industries Inc.
6.3.9 CES Energy Solutions Corp.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Dow Chemical Company
  • Parchem Fine & Specialty Chemicals Inc.
  • Halliburton Company
  • Solvay SA
  • SNF Group
  • DuPont de Nemours, Inc.
  • Flotek Industries Inc.
  • CES Energy Solutions Corp.
Note: Product cover images may vary from those shown