Fracking Chemicals and Fluids Market Report 2026

The fracking chemicals and fluids market size has grown rapidly in recent years. It will grow from $51.88 billion in 2025 to $57.12 billion in 2026 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to expansion of shale gas exploration activities, increasing adoption of hydraulic fracturing techniques, rising demand for enhanced oil recovery, availability of diverse chemical additives, growth of unconventional oil and gas drilling.

The fracking chemicals and fluids market size is expected to see rapid growth in the next few years. It will grow to $84.92 billion in 2030 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to increasing investments in unconventional energy resources, rising demand for water-efficient fracturing solutions, expansion of deep and ultra-deep well drilling, growing focus on chemical performance optimization, increasing adoption of advanced fluid engineering. Major trends in the forecast period include increasing use of environment-optimized fracturing fluids, rising adoption of high-performance friction reducers, growing demand for customized chemical formulations, expansion of horizontal and directional drilling activities, enhanced focus on fluid efficiency optimization.

Rising oilfield production is expected to drive the growth of the fracking chemicals and fluids market. Oilfield production involves extracting crude oil and natural gas from underground reservoirs and bringing them to the surface for processing, refinement, and distribution. Fracking chemicals and fluids are critical in this process, enabling the extraction of oil and gas through hydraulic fracturing. For instance, in June 2023, according to the International Energy Agency, global oil demand is projected to reach 105.7 million barrels per day by 2028, representing a cumulative increase of 6% from 2022.

Major companies in the fracking chemicals and fluids market are developing next-generation hydraulic fracturing transmission systems with advanced prognostics, such as fluid life prognostics, to tackle shale oil and gas extraction challenges. Fluid life prognostics involves predicting the remaining usable life of a fluid through analysis and monitoring techniques. For example, in May 2023, Allison Transmission, a US-based vehicle propulsion solutions company, launched Allison FracTran, a hydraulic fracturing transmission featuring eight gear ranges, multiple gear ratios, a 3,300-horsepower rating, and 10,000 lb.-ft. of input torque. It also provides diagnostics for filter and fluid life, a transmission-mounted control module, torsional measurement, and a telematics gateway.

In May 2024, ExxonMobil, a US-based natural gas company, acquired Pioneer Natural Resources for around $60 billion. This acquisition aims to enhance ExxonMobil's upstream portfolio by significantly expanding its presence in the Permian Basin, thus unlocking high-return development opportunities. Additionally, it intends to accelerate environmental goals by moving Pioneer’s net-zero emissions target from 2050 to 2035. Pioneer Natural Resources is a US-based independent oil and gas exploration and production company that specializes in providing fracking chemicals and fluids.

Major companies operating in the fracking chemicals and fluids market are Halliburton Company, Schlumberger Limited, Baker Hughes Company, Dow Inc., BASF SE, Solvay S.A., Arkema S.A., Huntsman Corporation, Clariant AG, The Lubrizol Corporation, Innospec Inc., Ashland Global Holdings Inc., Nalco Champion (Ecolab Inc. Oilfield Services Brand), Croda International Plc, Evonik Industries AG, SNF Group, Chevron Phillips Chemical Company LLC, Albemarle Corporation, Akzo Nobel N.V., Kemira Oyj.

North America was the largest region in the fracking chemicals and fluids market in 2025. The regions covered in the fracking chemicals and fluids market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fracking chemicals and fluids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The fracking chemicals and fluids market consists of sales of surfactant, guar gum, biocides, breakers and glutaraldehyde. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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