The rise in demand for energy and decline in oil and gas production from depleting conventional reserves have forced the world to move toward unconventional reserves of oil and gas such as shale oil, shale gas, tight oil, and tight gas. The extraction of hydrocarbons from these sources have increased, due to combination of horizontal drilling and hydraulic fracturing. Hydraulic fracturing or hydraulic fracking is a process wherein fracking fluids are injected at a high pressure into the wellbore to fracture the formation reservoir rocks to help hydrocarbons move freely out of the formation.

Water is the primarily used fracking fluid that contains sand and other proppants suspended in the water with the help of thickening agents. However, factors such as legislations regarding the usage of water as a fracking fluid, sensitivity of the formation to water, and water hampering the gas production from reservoir call for using alternative fluids for hydraulic fracturing. Alternative fluids are not water-based and hence, require less or no water consumption. They also cause less damage to formations that are water-sensitive and hence are becoming popular among the operators.

Based on the base used, the alternative fluids for hydraulic fracturing market can be segmented into foam-based, oil-based, acid-based, alcohol-based, emulsion-based, and other fluids. Foams are being consistently used in the oil & gas industry due to their low liquid content and high viscosity. Foam-based fluids are considered as one of the best alternative fluids for hydraulic fracturing. These fluids are generally beneficial for liquid-rich gas wells. They can be easily used in gas-bearing, water-sensitive reservoirs, wherein water blockage could be a major concern. Oil-based alternative fluids were the first high-viscosity fracturing fluids to be used in hydraulic fracturing. The major advantage of these fluids is their compatibility with almost all types of reservoirs and formations. Acid-based alternative fluids etch channels into rocks, which function as walls for created fractures. These fluids require the reservoir rocks to be partially soluble in acid so that the acid can etch channels into fractured walls. Generally, methanol-based fluid is used as an alcohol-based alternative fluid, due to its various advantages such as bio-degradability and fluid properties. A variety of emulsion-based fluids are being developed and used as fracking fluids today. Other fluids generally include liquid CO2, liquid natural gas, liquid nitrogen, and liquid helium. The market for alternative fluids for hydraulic fracturing can also be segmented on the basis of location into onshore fields and offshore fields.

Based on region, the alternative fluids for hydraulic fracturing market can be segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. North America is expected to dominate the global market during the forecast period, primarily due to ongoing shale activities in the U.S. Asia Pacific is expected to be the rapidly expanding market during the forecast period, due to large-sized, technically recoverable reserves of shale and coal-bed methane in China, India, Australia, and Indonesia. Various policy support for the explorations could boost the investments into the market. The market in the other countries such as Argentina, Russia, Iran, Algeria, and Poland are also likely to witness significant growth during the forecast period, due to increase in the ongoing activities related to unconventional reserves, primarily shale gas.

Some of the key players operating in the alternative fluids for hydraulic fracturing market are Halliburton Co., Chemtotal, Schlumberger Limited, Praxair Technology Inc., Canyon Technical Services Ltd., and Air Products.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Alternative Fluids For Hydraulic Fracturing Market

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