Lewes, Delaware, Jan. 10, 2026 (GLOBE NEWSWIRE) -- The Global Oilfield Chemicals Market Size is projected to grow at a CAGR of 5.31% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 25.18 Billion in 2024 and is expected to reach USD 38.09 Billion by the end of the forecast period. Stay ahead of the curve in the ever-evolving Oilfield Chemicals Market. For more information or to request a sample copy of the report, plea ...

Core Insights - The global hydraulic fracturing market was valued at US$47.9 billion in 2024 and is projected to reach US$69.6 billion by 2030, growing at a CAGR of 6.4% from 2024 to 2030 [2][15]. Market Trends & Drivers - Increasing energy demand, technological advancements, and the shift toward cleaner fuels are primary drivers of the hydraulic fracturing market [5][7]. - The global demand for oil and natural gas is rising due to population growth and industrialization, necessitating hydraulic fracturing to access previously difficult reserves [5][10]. - Innovations in drilling techniques, such as horizontal drilling and multi-stage fracturing, enhance efficiency and cost-effectiveness, leading to increased resource extraction [6][10]. - The demand for natural gas as a cleaner alternative to coal and oil is driving investment in hydraulic fracturing technologies [7][10]. - Government policies aimed at energy independence and reducing foreign oil dependence are promoting domestic energy production through hydraulic fracturing [8][10]. - Environmental and regulatory challenges are fostering innovation, with companies investing in sustainable practices to reduce the environmental impact of fracking operations [9][10]. Market Segmentation - The report covers various segments, including technology (Plug & Perf, Sliding Sleeve), well type (Horizontal, Vertical), and application (Shale Gas, Tight Oil, Tight Gas) [14]. - The Plug & Perf Technology segment is expected to reach US$52.6 billion by 2030, with a CAGR of 7.0%, while the Sliding Sleeve Technology segment is projected to grow at a 4.8% CAGR [17]. Regional Analysis - The U.S. hydraulic fracturing market is valued at US$12.4 billion in 2024, while China's market is forecasted to grow at a 9.6% CAGR to reach US$16.5 billion by 2030 [17]. - Insights into other key regions, including Japan, Canada, Germany, and the Asia-Pacific, are also provided [17]. Competitive Landscape - Major players in the hydraulic fracturing market include Baker Hughes, Calfrac Well Services, FTS International, Halliburton, and Schlumberger, among others [17].