Global Hydraulic Fracturing Market Size Study & Forecast, by Well Type (Horizontal Well, and Vertical Well), by Technology (Plug and Perf, and Sliding Sleeve), by Application (Shale gas, Tight Oil, and Tight gas), and Regional Forecasts 2025-2035

The Global Hydraulic Fracturing Market is valued at approximately USD 55.96 billion in 2024 and is projected to grow at a robust compound annual growth rate (CAGR) of 7.40% during the forecast period of 2025 to 2035. Hydraulic fracturing, commonly referred to as “fracking,” has emerged as a linchpin technology in the upstream segment of the oil and gas industry. By injecting high-pressure fluid mixtures into subterranean rock formations, this method liberates trapped hydrocarbons that traditional drilling techniques struggle to extract. Amid rising global energy demand and a strategic pivot toward energy independence, hydraulic fracturing has been instrumental in revolutionizing hydrocarbon production from tight formations such as shale gas and tight oil reservoirs.

The market growth is fueled by a resurgence in unconventional resource exploration, a rebound in crude oil prices, and increasing investments in upstream infrastructure across both mature and emerging basins. With North America leading the fracking revolution, shale development has not only transformed the region’s energy landscape but also established new benchmarks in cost-efficiency and productivity. Technological advancements—particularly in multi-stage horizontal well completions using plug and perf and sliding sleeve technologies—have further optimized recovery rates, reduced operational downtimes, and minimized environmental footprint, thereby boosting adoption across geographies. Additionally, strategic collaborations between oilfield service providers and E&P companies have unlocked new growth corridors.

Regionally, North America dominates the global market landscape, driven by prolific shale reserves in the United States and Canada, advanced drilling technologies, and well-established infrastructure. The U.S. continues to be the epicenter of hydraulic fracturing activity, particularly within the Permian, Eagle Ford, and Bakken formations. Meanwhile, Asia Pacific is witnessing unprecedented momentum, spurred by rapid industrialization, energy security concerns, and the expansion of shale exploration projects in China and Australia. European countries such as Poland and the UK are cautiously exploring hydraulic fracturing to diversify their energy mix, though regulatory headwinds persist. The Middle East & Africa and Latin America, with untapped unconventional reserves, are positioning themselves as emerging markets with substantial long-term potential.

Major market player included in this report are:
• Baker Hughes Company
• Halliburton Company
• Schlumberger Limited.
• Chevron Phillips Chemical Company
• BASF SE
• Trican Well Service Ltd.
• Aubin Group
• Impact Fluid Solutions
• M&D Industries Of Louisiana, Inc.
• Croda International Plc.
• Weatherford International plc
• Calfrac Well Services Ltd.
• NexTier Oilfield Solutions Inc.
• ProPetro Holding Corp
• FTS International Services, LLC

Global Hydraulic Fracturing Market Report Scope:
• Historical Data – 2023, 2024
• Base Year for Estimation – 2024
• Forecast period – 2025–2035
• Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Well Type:
• Horizontal Well
• Vertical Well

By Technology:
• Plug and Perf
• Sliding Sleeve

By Application:
• Shale Gas
• Tight Oil
• Tight Gas

By Region:

North America
• U.S.
• Canada

Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific

Latin America
• Brazil
• Mexico

Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.

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