Fracking Water Treatment Market Size

Fracking Water Treatment Market size was valued at USD 432.3 million in 2023 and is anticipated to reach USD 845.97 million by 2036, registering around 5.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of fracking water treatment is assessed at USD 450.63 million. The growth of the market can be attributed to the increasing usage of hydraulic fracking in the oil and gas industry, stringent international norms associated with wastewater treatment, and rising demand for crude oil and natural gas around the world. According to the International Energy Agency, the total oil demand rose up to 4,456 million tons in 2019, up from 4,428 million tons in 2018. long with these, growing focus of people towards natural gas vehicles and escalating environmental concerns regarding emissions are also expected to boost the growth of the market in the upcoming years. Furthermore, rise in demand for sophisticated techniques to recycle water as a result of the escalating importance of water worldwide is also projected to be a crucial factor expanding the market growth in the near future.