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Global Hydraulic Fracturing Services Industry Report: Country Overview; Value Chain Analysis; Production Process; Trade Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis; Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Hydraulic Fracturing Services Industry Report by Regional Category Spend, Price Analysis, Key Demand, Price Indicators, and Best Buying Practices


The global Hydraulic Fracturing Services market reached a value of about USD 34.1 billion in 2021. The industry is projected to grow at a CAGR of around 5.5% in the forecast period of 2022-2027 to reach a value of USD 47.01 billion by 2027.

The hydraulic fracturing services industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. Owing to the developments in technology with the presentation of improved techniques, are expected to propel the market during the forecast period. North America is the highest category spender by region that is driving the demand for the hydraulic fracturing services industry.

Industry Definition and Segmentation

Hydraulic fracturing is a well stimulation methodology in which rock layer developments are cracked by using a pressurised liquid for trouble-free withdrawal of oil and gas assets. The rising demand for oil and gas in emerging countries together with growing efforts to lessen the manufacturing cost of oil and gas will heighten the market progression. The global hydraulic fracturing services industry report comprises segments based on technology (plug and perforation and slide sleeving), type (shale gas, tight gases, tight oil, and CBM) and region (the United States and Australia).

The North American (the US) Region is Driving the Growth of the Industry

The North American region is one of the prominent producers of crude oil and natural gas across the globe. The hydraulic fracturing market is projected to be powered by new well drilling and increasing production of the well base in the region. The market is mostly driven by growing drilling activities, new offshore ventures, and the restoration of matured fields in the United States. The rising shale oil and gas production from the North Dakota basin, Montana’s Bakken formations, and Permian Basin, and the increasing shale advancements are accountable for the shale to surge in the United States, making it the biggest oil-manufacturing country globally. Moreover, the major surge in activity is likely to come from Canada’s primary crude oil and gas manufacturing region, Alberta, in the future years.

The increasing demand for oil and gas from developing economies and the efforts to decrease the investment in the manufacturing of oil and gas is leading to the development of the market. In addition, the necessity for drilling, completion, fracturing, and workover services accounts for the primary share in the international market. This aspect is because of the rising demand for improved technology, devices, and equipment design to boost the exploration and fabrication activities in onshore and offshore fields. Exploration works in high-level potential conventional and unconventional hydrocarbon stocks in several structures are likely to expand the industry’s progress. Unpredictability in oil prices, decrease in the cost of oilfield services, and growth in the production capacity are the prominent pillars that mainly add to the development of this market.

On the other hand, strict policies, rules, and safety standards introduced by the national governments and regulatory ministries including the Environmental Protection Agency (EPA) and Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH), have posed constraints for the further growth of the market.

Best Procurement Practices

The global hydraulic fracturing services industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by hydraulic fracturing services providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.

Category Management Studies

Hydraulic fracturing also known as ‘fracking’, is a procedure used for developing oil and gas wells that involves injecting high-pressure fluid into a bed of rock structure through the well. The hydraulic fracture process involves infusing fuel into a wellbore to develop the right amount of pressure to create and expand the size, extent, and connectivity of the existing cracks in the hard rock formations. The fluid used to infuse into the well comprise a mixture of water, chemicals, and small particles of sand or ceramic materials. Furthermore, although the water and chemical fluid crack and open the rock bed with its high intensity of pressure, the solid particles, called proppant, remain in place and keep the ruptures open to accelerate a better flow of liquids or gases out of the well.

Rising Exploration and Production of Unconventional Gas is Anticipated to Further Drive Hydraulic Fracturing Services Market

Unconventional gas assets offer enough volume of energy stocks that could help fulfil the increasing demand for energy and high capability in the exploration and production of shale and tight gas. The worldwide viewpoint for energy is on the verge of a transformation due to the exploration of unconventional gases such as shale, tight gas, coal bed, and methane gas, among others. Moreover, the high level of demand for traditional fuels owing to rapid urbanisation, industrialisation, and enormous economic development is set to stifle the demand and supply proportion. The United States is substantially investing in discovering a significant volume of unconventional hydrocarbons by utilising fracturing methodology.

The key zones in the industry are the United States and Australia.

Key Industry Players Mentioned in the Hydraulic Fracturing Services Industry Report

  • Schlumberger Limited
  • Halliburton Company
  • Baker Hughes Company
  • Weatherford International Plc
  • Superior Energy Services, Inc.

Market Landscape

The hydraulic fracturing services global market is greatly fragmented and has observed a high level of competitiveness amongst various regions and international players. The leading companies existing in the market introduce new and innovative products to offer efficient extraction services and enhance the image of the brand. Likewise, the implementation of research and development activities is enabling manufacturers to create useful solutions that eradicate complications during the exploration of oil and gas reserves and expedite the process.

Key Initiatives by Companies

  • In January 2022, a Texas A&M University research officer introduced a novel 3D printing-based methodology to precisely reproduce the hydraulic fracturing or fracking oil and mining procedure of natural gas.
  • In July 2021, Halliburton Company launched its Express Fibre optic solution that delivers precise, explicit sub-surface dimensions. The Express Fibre is one of the most cost-effective fibre optic results for regular overlap well examining and has a lesser impact on current functions.

1.    Executive Summary
2.    Hydraulic Fracturing Services Market Snapshot

    2.1.    Hydraulic Fracturing Services Market Outlook
    2.2.    Hydraulic Fracturing Services Industry Analysis by Technology
        2.2.1.    Plug & Perforation
        2.2.2.    Slide Sleeving
    2.3.    Hydraulic Fracturing Services Industry Analysis by Type
        2.3.1.    Shale Gas
        2.3.2.    Tight Gases
        2.3.3.    Tight Oil
        2.3.4.    CBM
    2.4.    Country Overview
        2.4.1.    US
        2.4.2.    Australia
3.    Impact of Recent Events 
4.    Hydraulic Fracturing Services Value Chain Analysis 
5.    Hydraulic Fracturing Services Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Hydraulic Fracturing Services Cost Structure
9.    Hydraulic Fracturing Services Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Hydraulic Fracturing Services Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    Swot Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New Entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Industry Best Practices
    13.1.    Sourcing Strategy
    13.2.    Procurement Model
    13.3.    Contract Structure
    13.4.    Negotiation Levers
    13.5.    Pricing Model
    13.6.    Key Factors Influencing the Quotation 
14.    Key Supplier Analysis
    14.1.    Schlumberger Limited
    14.2.    Halliburton Company
    14.3.    Baker Hughes Company
    14.4.    Weatherford International plc
    14.5.    Superior Energy Services,Inc.

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Key Questions Answered in the Report

In 2021, the global attained a volume of around USD 34.1 billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 5.5%.

The increasing demand for oil and gas from the developing economies and the efforts to decrease the investment in the manufacturing of oil and gas is leading to the development of the market.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.

Some of the leading players in the industry are Schlumberger Limited, Halliburton Company, Baker Hughes Company, Weatherford International Plc, and Superior Energy Services, Inc.

Analyst Review

The global Hydraulic Fracturing Services market reached a value of about USD 34.1 billion in 2021 and is projected to grow at a CAGR of around 5.5% in the forecast period of 2022-2027. The North American region is one of the prominent producers of crude oil and natural gas across the globe. The hydraulic fracturing market is projected to be powered by new well drilling and increasing production of the well base in the region. The increasing demand for oil and gas from developing economies and the efforts to decrease the investment in the manufacturing of oil and gas is leading to the development of the market. In addition, the necessity for drilling, completion, fracturing, and workover services accounts for the primary share in the international market. Some of the leading players in the industry are Schlumberger Limited, Halliburton Company, Baker Hughes Company, Weatherford International Plc, and Superior Energy Services, Inc.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and expertise thus, delivering its customers with market insights that are accurate, and actionable, and help them remain ahead of their competition.

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