Zion Market Research Global Hydraulic Fracturing Market, 2016–2024 | Page 3

Hydraulic Fracturing Market
market. Key manufacturers of oil & gas are experiencing a decline in the petroleum
production levels owing to depletion of conventional reserves; this has widened the
demand-supply gap. Thus, petroleum extirpation has risen from unconventional reserves by
using horizontal drilling coupled with hydraulic fracturing techniques. Changing preferences
of the manufacturers towards unconventional reserves include coal bed methane; tight gas,
shale, and tight oil are projected to propel the hydraulic fracturing market growth in the near
future.
Global Hydraulic Fracturing Market: Segmentation
The global hydraulic fracturing market is segmented based on the application, technology,
and material. The application segment is categorized into tight gas, tight oil, shale gas,
CBM, and others. Based on technology segment, the market is segregated into the sliding
sleeve and plug & perf. The material segment is fragmented into proppant and others. The
proppant segment is further sub-segmented into resin coated sand, sand, and ceramic.
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Global Hydraulic Fracturing Market: Regional Analysis
North America is the leading region in the global hydraulic fracturing market which is owing
to the dominance of countries such as the U.S. and Canada. Huge investments are done by
developing economies such as Australia, China, and Indonesia through FDI channels and