Europe Fracking Fluid And Chemicals Market Forecast 2017-2025KEY FINDINGS
The Europe fracking fluids and chemicals market is predicted to exhibit a steady growth of 14.12% for the years 2017-2025. At this rate, the market is presumed to generate $6002 million by the end of the forecast period. Italy is expected to dominate the European regional market throughout the forecast period.
The European fracking fluid and chemicals market is being presented with plenty of growth opportunities with respect to the rise of green technology, increasing research for viable and cost effective technology, increase in the development of eco-friendly chemicals, and the growing use of water-free fracturing foam. The market is mainly segmented based on the type of well, fluid and function. However, issues like the slowdown in deep water drilling, contamination related to fracking and the subsequent natural water scarcity, and the fact that fracking may lead to some serious environmental hazards might restrain the market growth in the near future.
Some of the leading companies for the European fracking fluid and chemicals market are Halliburton Energy Services Inc, Schlumberger Limited, Baker Hughes Incorporated, Weatherford International Ltd, Cabot Oil & Gas Corp, BASF SE, Trican Well Service Ltd, Patterson-UTI Energy, Inc and Exxon Mobil Corporation.