Market Forecast By Basis Fluids (Water-Based, Foam-Based, Gelled Oil-Based), By Well Type (Horizontal, Vertical), By Function Type (Acid, Surfactant, Biocide, Gelling Agent, Cross linker, Breaker, Scale Inhibitor, Corrosion Inhibitor) And Competitive Landscape
Product Code: ETC4484089 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
South Africa Fracking Fluid & Chemicals Market report thoroughly covers the market by Well Type, Basis Fluids, and Function Type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
South Africa fracking fluid and chemicals market is poised for significant growth in the coming years. Increased energy demand and advancements in extraction technologies are driving this expansion. With growth, the market is also facing challenges that hinder the market growth.
According to 6Wresearch, South Africa Fracking Fluid & Chemicals Market size is expected to grow at a CAGR of 5.8% during 2025-2031. One of the major drivers of this market is the technological advancements in hydraulic fracturing techniques. With new technologies, such as horizontal drilling and multi-stage hydraulic fracturing, companies are able to extract more shale gas from a single site. This has led to an increase in production efficiency and a decrease in operational costs, making it more economically viable for companies to invest in fracking activities.
Moreover, the government of South Africa has also been supportive of fracking operations, as it sees the potential for job creation and economic growth in the country. In 2015, the Department of Mineral Resources released regulations for shale gas exploration and production, providing a framework for companies to carry out fracking activities.
However, along with these drivers, there are also several challenges that may hinder the growth of the South Africa fracking fluid and chemicals market. One such challenge is the environmental concerns surrounding hydraulic fracturing. The extraction of shale gas involves injecting large amounts of water, sand, and chemicals into rock formations deep underground, which can potentially contaminate groundwater sources if not properly managed.
The fracking industry in South Africa is expanding rapidly, with major players such as Halliburton Energy Services Inc., Baker Hughes Company, and Schlumberger Limited leading the market. These companies provide a wide range of fracking fluid and chemical products and services to meet the growing demand for hydraulic fracturing in the country. Other key players in the market include Weatherford International, FTS International, and Calfrac Well Services Ltd.
The South African government has been actively promoting the development of the fracking industry in recent years. In 2013, they lifted a moratorium on fracking and released a set of regulations for hydraulic fracturing. These regulations are aimed at ensuring the safe and responsible extraction of shale gas, while also protecting the environment and local communities. The government has also introduced tax incentives for companies involved in the fracking industry, further encouraging its growth.
The future of the fracking fluid and chemicals market in South Africa looks promising, with increasing investments in shale gas exploration and production. The country has significant shale gas reserves that can potentially meet its energy needs for decades to come. As the demand for natural gas continues to rise, the market for fracking fluid and chemicals is expected to grow significantly in the coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, the water-based segment is currently experiencing the highest growth in the South Africa Fracking Fluid and Chemicals market. This can be attributed to various factors such as cost-effectiveness, availability of resources, and environmental concerns.
One of the key factors driving this market is the growing demand for horizontal drilling. In recent years, there has been a shift towards using horizontal wells due to their higher extraction rates compared to traditional vertical wells. Horizontal drilling allows for better access to shale formations, resulting in increased production levels.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Africa Fracking Fluid & Chemicals Market Overview |
3.1 South Africa Country Macro Economic Indicators |
3.2 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, 2021 & 2031F |
3.3 South Africa Fracking Fluid & Chemicals Market - Industry Life Cycle |
3.4 South Africa Fracking Fluid & Chemicals Market - Porter's Five Forces |
3.5 South Africa Fracking Fluid & Chemicals Market Revenues & Volume Share, By Basis Fluids, 2021 & 2031F |
3.6 South Africa Fracking Fluid & Chemicals Market Revenues & Volume Share, By Well Type, 2021 & 2031F |
3.7 South Africa Fracking Fluid & Chemicals Market Revenues & Volume Share, By Function Type, 2021 & 2031F |
4 South Africa Fracking Fluid & Chemicals Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Africa Fracking Fluid & Chemicals Market Trends |
6 South Africa Fracking Fluid & Chemicals Market, By Types |
6.1 South Africa Fracking Fluid & Chemicals Market, By Basis Fluids |
6.1.1 Overview and Analysis |
6.1.2 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Basis Fluids, 2021-2031F |
6.1.3 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Water-Based, 2021-2031F |
6.1.4 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Foam-Based, 2021-2031F |
6.1.5 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Gelled Oil-Based, 2021-2031F |
6.2 South Africa Fracking Fluid & Chemicals Market, By Well Type |
6.2.1 Overview and Analysis |
6.2.2 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Horizontal, 2021-2031F |
6.2.3 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Vertical, 2021-2031F |
6.3 South Africa Fracking Fluid & Chemicals Market, By Function Type |
6.3.1 Overview and Analysis |
6.3.2 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Acid, 2021-2031F |
6.3.3 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Surfactant, 2021-2031F |
6.3.4 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Biocide, 2021-2031F |
6.3.5 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Gelling Agent, 2021-2031F |
6.3.6 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Cross linker, 2021-2031F |
6.3.7 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Breaker, 2021-2031F |
6.3.8 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Corrosion Inhibitor, 2021-2031F |
6.3.9 South Africa Fracking Fluid & Chemicals Market Revenues & Volume, By Corrosion Inhibitor, 2021-2031F |
7 South Africa Fracking Fluid & Chemicals Market Import-Export Trade Statistics |
7.1 South Africa Fracking Fluid & Chemicals Market Export to Major Countries |
7.2 South Africa Fracking Fluid & Chemicals Market Imports from Major Countries |
8 South Africa Fracking Fluid & Chemicals Market Key Performance Indicators |
9 South Africa Fracking Fluid & Chemicals Market - Opportunity Assessment |
9.1 South Africa Fracking Fluid & Chemicals Market Opportunity Assessment, By Basis Fluids, 2021 & 2031F |
9.2 South Africa Fracking Fluid & Chemicals Market Opportunity Assessment, By Well Type, 2021 & 2031F |
9.3 South Africa Fracking Fluid & Chemicals Market Opportunity Assessment, By Function Type, 2021 & 2031F |
10 South Africa Fracking Fluid & Chemicals Market - Competitive Landscape |
10.1 South Africa Fracking Fluid & Chemicals Market Revenue Share, By Companies, 2024 |
10.2 South Africa Fracking Fluid & Chemicals Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |