The hydraulic fracking technique for extracting hydrocarbons for fuel and other purposes requires a considerable amount of ground and surface water resources. Dissolved solids (salts), hazardous metals, radionuclides, chemical additives, and hydrocarbons are all present in large quantities in the water withdrawn in the process. The treatment of wastewater produced by hydraulic fracking is referred to as fracking water treatment. Fracking water treatment is used in many applications such as treatment and recycle and deep well injection.
COVID-19 Impact analysis
- The fracking water treatment market was negatively affected due to the outbreak of COVID-19 pandemic.
- The water treatment industries for treatment and recycle, deep well injection and others were shut down during the COVID-19 pandemic this decreases the demand for fracking water treatment.
- The COVID-19 pandemic has caused the imposition of lockdown due to which the production of fracking water treatment decreased and the global supply chain was affected.
- The fracking water treatment market faced downfall of revenue due to the COVID-19 pandemic.
Top Impacting Factors
The natural gas market is expected to develop over the forecast period, boosting the growth of the fracking water treatment industry in the future years. Shale gas in the United States will also be a growth driver for the market.
The demand for water waste recycling techniques and equipment has increased as a result of the increased demand for water. The market will grow as consumers become more aware of the benefits of wastewater treatment and reuse for secondary applications. As treated water is employed as a potential supply for fracking, the demand for fracking water treatment will rise. Increased drilling activity throughout the world will fuel the growth of the fracking water treatment market over the forecast period. Increased regulatory involvement to minimize wastewater volume has also influenced large enterprises to invest in waste water treatment, since this will provide further growth prospects for the fracking water treatment market throughout the forecast period. Concerns about the environment and the high cost of fracking treatment act as a barrier to expansion in the fracturing water treatment market throughout the predicted period.
Market Trends
- Due to strong expansion in the next years and increased drilling activity to produce unconventional gas in the region, North America is dominating the worldwide fracking water treatment market.
- These global demands are enhancing the fracking business and laying the groundwork for breakthrough water recycling solutions. Depending on the site, the average natural gas reserve requires about five liters of water for drilling and fracking. Furthermore, according to the International Energy Agency (IEA), the amount of water utilized in natural gas production would increase by 86 percent by 2035.
- The centralized approach to treating wastewater, which allows treatment for the complete life cycle of wells, is another possibility in the worldwide fracking water treatment market. This saves gallons of water and is gaining traction in the North American sector that caters to the shale oil and gas industry.
- Market players are adopting many strategies such as acquisition, mergers, contract, new product launch, agreement and partnership to expand their business.
Key Benefits of the Report
- This study presents the analytical depiction of the fracking water treatment industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the fracking water treatment market share.
- The current market is quantitatively analyzed to highlight the fracking water treatment market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed fracking water treatment market analysis based on competitive intensity and how the competition will take shape in coming years
Fracking Water Treatment Market, by Application Report Highlights
| Aspects | Details |
 By Application |
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 By Region |
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 Key Market Players | DuPont de Nemours, Inc., Aquatech International LLC, Schlumberger Limited, Filtra Systems, Ecologix Environmental Systems, LLC, Agua Dulce Technologies, LLC, Veolia Water Technologies, Halliburton Co., Industrie De Nora S.p.A., Oasys Water |
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