Global Fracking Water Treatment Market to 2027: Schlumberger, Halliburton, Veolia Water Technologies, DuPont and Ecological Systems dominate
Dublin, 09 May 2022-(BUSINESS WIRE)–The “Blaken Water Treatment Market – Growth, Trends, Impact of COVID-19, Forecast (2022 – 2027)” report has been added to ResearchAndMarkets.com an offer.
The fracking water treatment market is expected to grow at a CAGR of over 3% during the forecast period.
The main factor driving market growth is its extensive use in the oil and gas industry for water recycling to achieve economic and environmental efficiency. Moreover, stringent international regulations regarding wastewater treatment are expected to drive the market into consideration. The outbreak of COVID-19 is expected to dampen market growth during the forecast period.
the main points
The treatment and recycling segment is expected to dominate the global fracking water treatment market due to various stringent regulations related to the oil and gas industry.
The North American region is expected to be the largest market for the fracking water treatment market due to the high daily demand for crude oil coupled with the increasing number of drilling projects in the region.
Major market trends
High demand from the processing and recycling sector
The treatment and recycling department has been introduced as an important offering recently with the increased interest in water treatment and the increase in water demand due to water shortage in an all-round way.
Wastewater from fracking jobs requires treatment for its further use. In addition, the expanding importance of water conditions and the dry season leads to the need to establish equipment for wastewater reuse and aid in the development of the fracking water treatment market worldwide.
Global interest in crude oil (including biofuels) is increasing daily and is expected to exceed 100 million barrels per day mark in 2020. Additionally, more drilling must be done per unit of oil as hydrocarbon discoveries become less profitable over time.
All the above mentioned factors are expected to drive the fracturing water treatment market during the forecast time frame.
North America dominates the fracking water treatment market
The North America region holds a prominent share in the fracking water treatment market globally and is expected to dominate the market during the forecast period.
The United States and Canada are the major markets for fracking water treatment in North America which cannot be inferred from the increase in drilling projects in the region. Moreover, the US shale gas boom is a focal point that is expected to drive the North American fracking water treatment business.
In 2020, the United States is expected to produce about 6.7 million barrels of crude oil per day, and therefore demand for fracking water treatment is expected to rise in the region.
Hence, higher demand for crude oil along with government support is expected to drive the studied market in the region during the forecast period.
The fracking water treatment market has been boosted. Some of the players in the market are Schlumberger Limited, Halliburton, Veolia Water Technologies, DuPont and Ecologix Environmental Systems, LLC.
Agua Dulce Technologies, LLC
Aquatic International LLC
Ecologix Environmental Systems, LLC
Veolia Water Technologies
For more information on this report, visit https://www.researchandmarkets.com/r/s7z9ei
View the source version on businesswire.com: https://www.businesswire.com/news/home/20220509005424/ar/
Laura Wood, Senior Director of Press
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