Hydraulic Fracturing Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Well Type (Horizontal and Vertical), Fluid Type (Slick Water-based Fluid, Foam-based Fluid, Gelled Oil-based Fluid, and Other Base Fluids), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

Market Snapshot

Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

North America


7.55 %

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Market Overview

The market for hydraulic fracturing is expected to grow at a CAGR of approximately 7.55% during the forecast period of 2020 – 2025. The increasing unavailability of easy oil, growing demand for longer lateral services, stabilizing rate of drilled but uncompleted (DUC) well inventory are some of the factors driving the hydraulic fracturing market. On the flip side, environmental concerns and lack of capital market & incentives are restraining the market growth. 

  • Horizontal well type is expected to be the fastest growing well type. The majority of the wells active in the Permian Basin are horizontal wells (more than 2,000). As of April 2019, the total number of drilled wells in the Permian basin reached 555, repressing an increase of around 4.7% compared to the previous year value in the same month.
  • The economic viability of using CO2 and nitrogen-based ‘foam’ fluids, capable of providing waterless fracking, presents a growth opportunity for the companies.
  • North America to dominate the market across the globe in the future, with the majority of the demand coming from the United States and Canada.

Scope of the Report

The hydraulic fracturing market report include:

Well Type
Fluid Type
Slick Water-based Fluid
Foam-based Fluid
Gelled Oil-based Fluid
Other Base Fluids
North America
South America
Middle-East and Africa

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Key Market Trends

Horizontal Wells to Register Highest Growth Rate

  • New technique of horizontal drilling and combined it with the pre-existing hydraulic fracturing techniques making it favorable for drilling in shale gas regions.  
  • The United States can be considered as the country, which has benefited the most from the combination of horizontal drilling and hydraulic fracturing. The shift from vertical to horizontal wells is the most important change to occur over the last decade, allowing for greater formation access, while only incrementally increasing the cost of the well.
  • The country’s natural gas production increases since 2005 have mainly been the result of horizontal drilling and hydraulic fracturing techniques, notably in shale, sandstone, carbonate, and other tight geological formations.
  • Since 2010, horizontal good drilling activity has dominated and currently accounts for the vast majority of drilling activity in the Western Canada Sedimentary Basin (WCSB). Therefore, an increase in horizontal well drilling activities propels the demand for the hydraulic fracturing market.

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North America to Dominate the Market

  • North America is one of the major producers of crude oil and natural gas, globally. The hydraulic fracturing market is expected to be driven forward by new well drilling, and by the expanding producing well base.
  • In the United States, the hydraulic fracturing market is primarily driven by increased drilling activities, new offshore projects, and redevelopment of matured fields. Due to the recovering drilling activity, the gas output is expected to reach an average of 47 billion cubic foot per day by 2020. The production from Marcellus/Utica shale and new oil wells is expected to account for most of the growth in gas production.
  • The biggest increase in activity is expected from Canada’s main crude oil and gas producing region, Alberta. Consequently, the hydraulic fracturing market is estimated to grow at a moderate pace in Canada.
  • The rapid growth in the drilling activities and the increase in many horizontal wells in the region are expected to drive the hydraulic fracturing market in the long term.

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Competitive Landscape

The global hydraulic fracturing market is fragmented. The major companies include Schlumberger Limited, Baker Hughes Co., Basic Energy Services, NexTier Oilfield Solutions Inc., and Calfrac Well Services Ltd.

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Table Of Contents


    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions




    1. 4.1 Recent Trends and Developments

    2. 4.2 Government Policies and Regulations

    3. 4.3 Market Size and Demand Forecast, in USD billion, 2018 - 2025

    4. 4.4 Market Dynamics

      1. 4.4.1 Drivers

      2. 4.4.2 Restraints

    5. 4.5 Supply Chain Analysis

    6. 4.6 Porter's Five Forces Analysis

      1. 4.6.1 Bargaining Power of Suppliers

      2. 4.6.2 Bargaining Power of Consumers

      3. 4.6.3 Threat of New Entrants

      4. 4.6.4 Threat of Substitutes Products and Services

      5. 4.6.5 Intensity of Competitive Rivalry


    1. 5.1 Well Type

      1. 5.1.1 Horizontal

      2. 5.1.2 Vertical

    2. 5.2 Fluid Type

      1. 5.2.1 Slick Water-based Fluid

      2. 5.2.2 Foam-based Fluid

      3. 5.2.3 Gelled Oil-based Fluid

      4. 5.2.4 Other Base Fluids

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

      2. 5.3.2 North America

      3. 5.3.3 Europe

      4. 5.3.4 South America

      5. 5.3.5 Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Archer Well Company Inc.

      2. 6.3.2 Baker Hughes a GE Co.,

      3. 6.3.3 Basic Energy Services

      4. 6.3.4 Calfrac Well Services Ltd

      5. 6.3.5 FTS International Services

      6. 6.3.6 Halliburton Company

      7. 6.3.7 NexTier Oilfield Solutions Inc.

      8. 6.3.8 Patterson (Seventy Seven)

      9. 6.3.9 RPC Inc. (Cudd Pumping)

      10. 6.3.10 Schlumberger Limited

      11. 6.3.11 Liberty Oilfield Services

  7. *List Not Exhaustive

** Subject to Availability

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