Fracking Fluids And Chemicals Market: Oil and Gas Recovery from Shale in Many Parts of World Are Driving the Growth
The fracking fluid and chemicals are used for hydraulic fracturing after the completion of drilling of oil and gas reserves. The blend of fluids and chemicals is used to fracture the conventional or non-conventional formation of oil and gas reserve to stimulate the production of oil and gas well. The hydraulic fracturing has made it possible to efficiently extract oil and gas from the older oil and gas field with high production rate. Also, hydraulic fracturing can be used to extract oil and gas from the extreme geological formations which were not previously possible. Fracking Fluid & Chemicals Market is expected to reach USD 32.4 Billion by 2020, at a CAGR of 10.1%. The oil and gas recovery from shale in many parts of world are projecd to result in the growth of fracking fluids and chemicals. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=1317 North America is the global leader of the fracking fluids and chemical market and the trend