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The Global Hydraulic Fracturing Fluid End Market size is estimated to be USD 500.9 million in 2020 and is anticipated to reach USD 812.7 million by 2028. Global hydraulic fracturing fluid end market is projected to grow with a CAGR of 6.2% in terms of value from 2021 to 2028.
Hydraulic Fracturing is a process that is used to pumping a fluid combination and sand particles to make a fracture into the rocks to free up the oil and gas reserve for the next step. In major cases, hydraulic fracturing has the combination of 98% to 99.5% and rest 0.5% to 2.0% are chemical constituents. The chemical constituents include friction reducers, scaling and anti-algae compounds including anti rock formation protectors.
Hydraulic fracturing is the unconventional way to extract oil & gas especially in North America. It uses a fleet of pumps (a fleet consists of 18-20 pumps) to insert fracturing fluids in high pressure into the well. Fluid end is one of the two parts of this pump. Fluid ends are generally manufactured from stainless steel and carbon steel. Stainless steel fluid ends offer four times higher life than carbon steel (150-450 hours) depending on the chemical and proppant used and the harsh environment.
Market Segmentation:
By Material:
By Horse Power
By End User
By Region:
North America Hydraulic Fracturing Fluid End Market
Europe Hydraulic Fracturing Fluid End Market
Asia Pacific Hydraulic Fracturing Fluid End Market
Middle East & Africa Hydraulic Fracturing Fluid End Market
South America Hydraulic Fracturing Fluid End Market
Major Companies: Dragon Products Ltd., Forum Energy Technologies Inc., Gardener Denver Inc., Halliburton Company, Kerr Pumps, ST9 Gas Oil, TechnipFMC plc, The Weir Group PLC, VP Sales & Manufacturing, VULCAN Industrial Holdings, and others.
Years Covered in the Study:
Historic Year: 2017-2018
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2028
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