Market Size of Europe Hydraulic Fracturing Fluids Industry
| Study Period | 2019-2027 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2020 |
| CAGR | 0.66 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Hydraulic Fracturing Fluids Market Analysis
The European hydraulic fracturing fluids market is expected to record a CAGR of more than 0.66% during the forecast period.
The market was negatively impacted by COVID-19 in 2020. Presently, the market has reached pre-pandemic levels.
- Over the long term, the increasing demand for oil and gas and the countries trying to reduce their dependence on imports have been boosting the growth in the sector.
- On the other hand, the impact of hydraulic fracturing on the environment and technological constraints have impeded the growth in the industry. Many countries, including the Netherlands and Ireland, have banned the process of hydraulic fracturing, which also caused concerns in the hydraulic fracturing market.
- The pipeline being built through the Baltic Sea is expected to add to the demand for Russian gas. An increase in demand may lead companies to invest in unconventional resources, which can become an opportunity for companies in the oil and gas industry.
- Russia is expected to dominate the market over the forecast period due to the presence of economically feasible shale reserves in the country.
