Hydraulic Fracturing Market Regional Analysis:
North American Market Insights
The hydraulic fracturing market in the North America is anticipated to hold the largest with a share of about 35% by the end of 2035. The growth of the market can be attributed majorly to the increasing reserves in the region. Currently, the country's reserves increased to 8.2 billion metric tonnes, up from 3.7 billion tonnes at the start of the decade. Furthermore, the growing installment of advanced machinery for oil extraction is also expected to drive market growth in the region.
APAC Market Insights
The Asia Pacific hydraulic fracturing market is estimated to register a share of about 28% in the near future. The growth of the market can be attributed majorly to the growing trade of oil and gas from the region. By the end of 2023, China is anticipated to import the highest amount of crude oil owing to increasing transportation, after the relaxation of the COVID-19 restrictions. Petrol and jet fuel would contribute to roughly 50% and 30% of overall growth in liquid fuel demand, respectively.
