Europe Hydraulic Fracturing Fluids Market Size

Statistics for the 2023 & 2024 Europe Hydraulic Fracturing Fluids market size, created by Mordor Intelligence™ Industry Reports. Europe Hydraulic Fracturing Fluids size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Europe Hydraulic Fracturing Fluids Industry

Europe Hydraulic Fracturing Fluids Market Summary
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Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 0.66 %

Major Players

Europe Hydraulic Fracturing Fluids Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Hydraulic Fracturing Fluids Market Analysis

The European hydraulic fracturing fluids market is expected to record a CAGR of more than 0.66% during the forecast period.

The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.

  • Over the long term, the increasing demand for oil and gas and the countries trying to reduce their dependence on imports have been boosting the growth in the sector.
  • On the other hand, the impact of hydraulic fracturing on the environment and technological constraints have impeded the growth in the industry. Many countries, including the Netherlands and Ireland, have banned the process of hydraulic fracturing, which also caused concerns in the hydraulic fracturing market.
  • The pipeline being built through the Baltic Sea is expected to add to the demand for Russian gas. An increase in demand may lead companies to invest in unconventional resources, which can become an opportunity for companies in the oil and gas industry.
  • Russia is expected to dominate the market over the forecast period due to the presence of economically feasible shale reserves in the country.

Europe Hydraulic Fracturing Fluids Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)