Fracking Fluid End Market Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation by Type of Material, User Segment, Horsepower of Frac Pumps, and Country

  • Fracking Fluid End Market is expected to grow at a CAGR of 6% during the forecast period. The Fracking Fluid End Market is expected to reach US$ 900.20 Mn. in 2030 from US$ 598.68 Mn. in 2023.

  • Format : PDF | Report ID : SMR_540

Fracking Fluid End Market Overview:

 

Frac pumps are used to transport the fracking fluid into the wellbore in hydraulic fracturing, a technique for producing oil and natural gas. Each frac fleet uses several frac pumps. In most frac fleets, 18-20 frac pumps are deployed. The power end and the fluid end are the two primary components of these pumps.

 

These fluid ends, which are responsible for injecting high-pressure fluid into the well, are an essential component of frac pumps and the pressure pumping market. The usage of recycled water, sophisticated chemicals, slickwater and the quality of frac sandblasted through it all reduce the longevity of a fluid end.  Carbon steel fluid ends have a life of 250-450 hours on average, whereas stainless steel fluid ends launched in 2012 have a life of three to four times that of carbon steel. As a result, despite accounting for only 30% of the entire pump cost, manufacturers' fluid ends market presents lucrative potential.

 

Fracking Fluid End Market is studied by segments like Type (especially iron, titanium, copper, cobalt, nickel, and others), End-User industries (construction & building, electronics, paints marine, & coatings, automotive, consumer goods, and others) and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market.

 

For the forecast period of 2022 to 2027, the report provides a complete analysis that reflects today's Fracking Fluid End Market realities and future market prospects. To provide a comprehensive perspective of the market, the research segments and analyses it in great detail. The key data and observations offered in the study can help market participants and investors identify low-hanging fruit in the market and build growth strategies.

 

The Fracking Fluid End Market is expected to grow at a CAGR of 6% during the forecast period. The Fracking Fluid End Market is expected to reach US$ 860.5 Mn. in 2029 from US$ 500.8 Mn. in 2022.

 

Fracking Fluid End Market

 

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COVID-19 Impact on the Global Fracking Fluid End Market:

 

The start of the COVID-19 pandemic has had an impact on economies all over the world. Government-imposed restrictions have had a direct or indirect impact on industries in every area. This has resulted in significant changes in company activities such as supply chain operations, production, and vendor operations, to name a few. Oil production and drilling activities were halted due to the limits imposed by lockdowns, which has had an impact on the fracking fluid and chemicals market.

 

Meanwhile, China is facing international condemnation after being accused for the outbreak of the epidemic. Changing political and economic relations with China are projected to have an impact on the global fracking fluid end market.

 

Fracking Fluid End Market Dynamics:

 

In 2019, the US market for fracking fluid end was 1,467.0 kilotons, and it is predicted to grow significantly during the forecast period. Because of the region's developing industrialization, the energy demand is increasing. This element is projected to boost the region's market.

 

Proppant, water, and chemical additives are commonly used in fracturing fluids. Other compressed gases, for example, carbon dioxide and nitrogen and gels, are added to the mixture according to the needs.

 

Depending on the grain strength and permeability required, various proppants such as silica, bauxite, resin-coated sand, and ceramics are added.

 

The chemicals used in fracking differ based on the water quality, healthy conditions, and the type of fracturing sought. Water-based, oil-based, synthetic-based, or foam-based mixtures can all be used. The fluids are fed rapidly into the wells to create massive cracks that allow the drill to pass through easily. pH, viscosity, and rheological variables are essential aspects of fracking fluids.

 

Most Fracking Fluid End Companies are spending on research and development and working to develop environmentally safe fracking chemicals. This sector is anticipated to rise in the future, owing to new product developments like, Non-toxic drilling fluids, which is an alternative to toxic oil based fluid/foam, which becomes hard to remove from the drill hole.

 

Fracking Fluid End chemicals are used for various functions, including transporting proppant to the target formation, improving gel strength, lubricating the fractures, and enlarging the fractures. Over the projected period 2022 to 2027, increased demand for fracturing chemicals and fluids from energy-intensive sectors is likely to drive market growth. Fluids are often delivered in one of two ways: high viscosity or high rate. For this, a gelling agent thickens the water, allowing high viscosity fracturing chemicals to be injected, causing the fractures to grow significantly.

 

Fracking Fluid End Market Segmentation:

 

The Fracking Fluid End market is ever-growing and has been segmented into the following types: Type of material, User Segment, and Horsepower of Frac Pumps.

 

Based on Type of Materials, The Fracking Fluid End Market is segmented into Carbon Steel Fluid Ends and Stainless Fluid Ends. According to analysis, the stainless fluid end market is expected to dominate during the forecast period, owing to its supremacy. Stainless Fluid End has corrosion resistance, meaning it can withstand corrosion damage caused by oxidation or any other type of chemical reaction. Higher pumping hours are also another factor why this product in the market is anticipated to dominate.

 

Based on Horsepower of Frac pumps, Fracking Fluid End market is segmented into 2000-2500 horsepower and over 2500 horsepower. Fluid ends compatible with frac pumps with horsepower ranging from 2000 to 2500 hp accounted for a large portion of the market in 2021.

 

During the projected period, the above 2500 horsepower sector is predicted to increase faster, owing to a gradual shift in demand towards higher horsepower pumps to reduce the number of assets on the site while extending the parts life. For example, 11 units of 5,000 horsepower frac pumps can replace 20 units of 2,500 horsepower frac pumps.

 

Fracking Fluid End Market

 

Fracking Fluid End Market Region:

 

North America is expected to continue to hold the largest share in the Fracking Fluid End Market throughout the projected period, owing to the existence of massive technically recoverable shale oil and gas deposits and major fluid end manufacturers in the region. The demand for fluid ends in the area was interrupted in 2019, owing to operators' preference for capital discipline above development. Despite of an increase in oil prices in 2019 (WTI went from $48 to $62 with an average of $57), the number of land rigs in North America decreased by 27%. In the second half of the market, E&P operators in the region began to prioritize cash creation overgrowth, resulting in an accelerated slump.

 

During the forecast period, the Asia Pacific region is expected to grow at a CAGR of 13.8 % in terms of revenue. Growing energy consumption and demand are projected to be significant market expansion drivers. Most oil and gas exploration and production are currently concentrated in China, South Korea, Australia, and India. China and India are the leading producers in the Fracking Fluid End Market, owing to the increasing population.

 

During the forecast period, rising oilfield production in Europe, particularly deepwater discoveries in the North Sea, is expected to drive fracking chemical demand. Shortly, significant oilfield development in unconventional and offshore reserves, as well as a high rate of deployment of the mud-cap drilling technique in the region, are expected to generate new prospects for fracturing chemical firms.

 

During the forecast period, offshore E&P is likely to be driven by developments in offshore operations, such as increased oil production in the Middle East and Africa region. Offshore oil and gas production is expected to be caused by the resurrection of abandoned oil wells in the Persian Gulf.

 

The report's goal is to provide stakeholders in the Fracking Fluid End Market with a detailed market outline. The research discusses the most critical Fracking Fluid End Market trends and how these trends will impact future business investments and marketing strategies throughout the forecast period. By studying market leaders, market followers, and regional players, the report also aids in the understanding of the Fracking Fluid End Market dynamics, economic fundamentals, and competitive structure.

 

The qualitative and quantitative data in the Fracking Fluid End Market research will help determine which market segments, regions, and influencing factors are expected to grow at faster rates, as well as major opportunity areas that will drive the industry and market growth during the projected period.

 

The competitive landscape of essential players in the industry and their recent advances in the Fracking Fluid End Market are also included in the report. The study examines company size, market share, market growth, revenue, production volume, and profitability of the Fracking Fluid End industry's major players.

 

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This report aims to provide a comprehensive analysis of the Fracking Fluid End market and highlight the significant trends and growth opportunities. The report offers Porter's Five Force Model for analysis of the Fracking Fluid End, which helps design the business strategies in the market. The study aids in determining the number of rivals, who they are, and the performance of the products in the industry.

 

The report also includes PESTEL Analysis, which aids in developing company strategies. Numerous elements affect growth and profitability. A PESTEL study can assist in determining the significance and strength of these elements.

 

It helps firms decide which characteristics are beneficial and which are not. PESTEL is a word that stands for Political, Economic, Socio-cultural, Technological, Environmental, and Legal. These variables take on added significance for organizations functioning in a global setting.

 

Fracking Fluid End Market Scope:

 

Fracking Fluid End Market 

Market Size in 2023

USD 598.68 Mn.

Market Size in 2030

USD 900.20 Mn.

CAGR (2024-2030)

6%

Historic Data

2018-2022

Base Year

2023

Forecast Period

2024-2030

Segment Scope

By  Material

 

  • Carbon Steel Fluid Ends
  • Stainless Fluid Ends

By User Segment

 

  • OE
  • Aftermarket Segment

By  Category

 

  • Wired
  • Wireless

By Horsepower of the Frac Pumps

 

  • 2000-2500 Horsepower
  • Over 2500 Horsepower

Regional Scope

North America- United States, Canada, and Mexico

Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe

Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC

Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa

South America – Brazil, Argentina, Rest of South America

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fracking Fluids End Market: Key players and their Insights:

The Fracking Fluid End Market has become competitive, with various players in the industry have adopted product launches and business expansion as their developmental strategies to expand their market share, increase profitability, and remain stable in the market. Some of the most prominent and loved players in the Fracking Fluid End industry from all over the world are:

  • Dragon Products Ltd. (Louisiana)
  • Forum Energy Technologies Inc. (Texas, United States)
  • Gardener Denver Inc. (North Carolina, United States)
  • Halliburton Company (Texas, United States)
  • Kerr Pumps (Oklahoma, United States)
  • ST9 Gas + Oil (Magnolia, Texas, United States)
  • TechnipFMC plc (Houston, United States)
  • The Weir Group PLC (Glasgow, United Kingdom)
  • VP Sales & Manufacturing (San Diego, United States)
  • VULCAN Industrial Holdings (Houston, United States)
  • Weatherford International (Texas, United States)
  • Albemarle (Charlotte, United States)
  • FTS International (Houston, United States)
  • DuPont (Delaware, United States)
  • Pioneer Natural Resources (Irving, United States)

 


Frequently Asked Questions

The fracking fluid end market size is expected to witness an impressive growth of US$ 860.5 million in the foreseeable future.

  1. Scope of the Report
  2. Research Methodology
    1. Research Process
    2. Global Fracking Fluid End Market: Target Audience
    3. Global Fracking Fluid End Market: Primary Research (As per Client Requirement)
    4. Global Fracking Fluid End Market: Secondary Research
  3. Executive Summary
  4. Competitive Landscape
    1. Market Share Analysis by Region in 2023 (%)
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East and Africa
      5. South America
    2. Stellar Competition matrix
      1. Global Stellar Competition Matrix
      2. North America Stellar Competition Matrix
      3. Europe Stellar Competition Matrix
      4. Asia Pacific Stellar Competition Matrix
      5. South America Stellar Competition Matrix
      6. Middle East and Africa Stellar Competition Matrix
    3. Key Players Benchmarking: by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
    4. Mergers and Acquisitions in Industry: M&A by Region, Value, and Strategic Intent
    5. Market Dynamics
      1. Market Drivers
      2. Market Restraints
      3. Market Opportunities
      4. Market Challenges
      5. PESTLE Analysis
      6. PORTERS Five Force Analysis
      7. Value Chain Analysis
  5. Global Fracking Fluid End Market Segmentation
    1. Global Fracking Fluid End Market, by Type of Material (2023-2030)
      1. Carbon Steel Fluid Ends
      2. Stainless Fluid Ends
    2. Global Fracking Fluid End Market, by User Segment (2023-2030)
      1. OE
      2. Aftermarket Segment
    3. Global Fracking Fluid End Market, by Horsepower of Frac Pumps (2023-2030)
      1. 2000-2500 Horsepower
      2. Over 2500 Horsepower
    4. Global Fracking Fluid End Market, by Country (2023-2030)
    5. 5.4.1 North America
      1. Europe
      2. Asia-Pacific
      3. Middle East & Africa
      4. South America
  6. North America Fracking Fluid End Market Segmentation
    1. North America Fracking Fluid End Market, by Type of Material (2023-2030)
      1. Carbon Steel Fluid Ends
      2. Stainless Fluid Ends
    2. North America Fracking Fluid End Market, by User Segment (2023-2030)
      1. OE
      2. Aftermarket Segment
    3. North America Fracking Fluid End Market, by Horsepower of Frac Pumps (2023-2030)

6.3.1. 2000-2500 Horsepower

6.3.2. Over 2500 Horsepower

    1. North America Fracking Fluid End Market, by Country (2023-2030)
      1. United States
      2. Canada
      3. Mexico
  1. Europe Fracking Fluid End Market Segmentation
    1. Europe Fracking Fluid End Market, by Type of Material (2023-2030)
    2. Europe Fracking Fluid End Market, by User Segment (2023-2030)
    3. Europe Fracking Fluid End Market, by Horsepower of Frac Pumps (2023-2030)
    4. Europe Fracking Fluid End Market, by Country (2023-2030)
  2. Asia Pacific Fracking Fluid End Market Segmentation
    1. Asia Pacific Fracking Fluid End Market, by Type of Material (2023-2030)
    2. Asia Pacific Fracking Fluid End Market, by User Segment (2023-2030)
    3. Asia Pacific Fracking Fluid End Market, by Horsepower of Frac Pumps (2023-2030)
    4. Asia Pacific Fracking Fluid End Market, by Country (2023-2030)
  3. Middle East and Africa Fracking Fluid End Market Segmentation
    1. Middle East and Africa Fracking Fluid End Market, by Type of Material (2023-2030)
    2. Middle East and Africa Fracking Fluid End Market, by User Segment (2023-2030)
    3. Middle East and Africa Fracking Fluid End Market, by Horsepower of Frac Pumps (2023-2030)
    4. Middle East and Africa Fracking Fluid End Market, by Country (2023-2030)
  4. South America Fracking Fluid End Market Segmentation
    1. South America Fracking Fluid End Market, by Type of Material (2023-2030)
    2. South America Fracking Fluid End Market, by User Segment (2023-2030)
    3. South America Fracking Fluid End Market, by Horsepower of Frac Pumps (2023-2030)
    4. South America Fracking Fluid End Market, by Country (2023-2030)
  5. Company Profiles
    1. Key Players
      1. VULCAN Industrial Holdings (Houston, United States)
        1. Company Overview
        2. Product Portfolio
        3. Financial Overview
        4. Business Strategy
        5. Key Developments
      1. Dragon Products Ltd. (Louisiana)
      2. Forum Energy Technologies Inc. (Texas, United States)
      3. Gardener Denver Inc. (North Carolina, United States)
      4. Halliburton Company (Texas, United States)
      5. Kerr Pumps (Oklahoma, United States)
      6. ST9 Gas + Oil (Magnolia, Texas, United States)
      7. TechnipFMC plc (Houston, United States)
      8. The Weir Group PLC (Glasgow, United Kingdom)
      9. VP Sales & Manufacturing (San Diego, United States)
      10. Weatherford International (Texas, United States)
      11. Albemarle (Charlotte, United States)
      12. FTS International (Houston, United States)
      13. DuPont (Delaware, United States)
      14. Pioneer Natural Resources (Irving, United States)
  1. Key Findings
  2. Recommendations

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