Fracking Water Treatment Market size was valued at USD 455.21 million in 2024 and is likely to cross USD 890.8 million by 2037, expanding at more than 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of fracking water treatment is estimated at USD 475.72 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.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?