Research and Markets, a leading international market research and market data firm, has released its report on Global Trends and Forecasts for Fracking Chemicals and Fluid Markets. The report estimates that the global fracking fluids market is expected to increase by a compound annual growth rate of 9.6% over the next five years to reach $20 billion by 2018. The consumption of chemicals that are added to the fracking fluids was estimated at 1,700 kilotons in 2012.
The report covers the fracking fluid and chemicals market and its trends concerning six regions: North America, Europe, Asia-Pacific, Middle East, Africa and Latin America; and the major countries in each region such as the United States, Canada, Australia, China, Argentina, Brazil, and others.
North America, the largest market for fracking fluids and chemicals, and the site of the earliest development of fracking technology, is currently the largest consumer of fracking-related fluids and chemicals. Research and Markets’ report projects that the Asia-Pacific region, due to an increasing demand for oil and gas, will become the next high-demand market for fracking fluids and chemicals.
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