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Hydraulic Fracturing Market Size | Share and Dynamics | Forecast To 2024

by rahulkumar38471 · January 9, 2019


Global Hydraulic Fracturing Market is anticipated to reach USD 81.10 billion by 2024. Hydraulic fracturing is a technique widely used for the extraction of natural gas and crude oil. The method of hydraulic fracturing primarily involves injection of water along with the chemical additives and propping agents at a very high temperature and pressure to create a network of fractures to improve the rock permeability.


The factors that propel the growth of the hydraulic fracturing market include increase in the rate of production, the surge in demand for energy Cam Talbot Womens Jersey , and the increase in inclination toward production and rising demand for oil & gas, increased shale oil & gas revolution, the increased government spending, and favorable government rules and regulations.


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On the other hand, there are factors that may hamper the growth of the market including high operational expenses. Hydraulic fracturing industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.


Hydraulic fracturing industry may be explored by technology Milan Lucic Womens Jersey , material type, well type, application, and geography. The market may be explored by technology as the sliding sleeve and plug & Perf. The ment led the market of hydraulic fracturing in 2015 and is anticipated to maintain its dominance by 2024. The key factor that may be attributed to the growth of the market includes ease of accessibility.