Hydraulic Fracturing Market Growth Drivers and Challenges:
Growth Drivers
- Rising Investment in the Oil & Gas Sector– In 2023, the global investment in oil and gas extraction and exploration reached an all-time high of USD 528 billion, a 11% rise from the levels of 2015. Oil and gas corporations can extend their fracturing operations to access new deposits and boost production with increasing investment.
- Increasing Global Energy Demand– The International Energy Agency (IEA) estimates that global oil demand will rise by 2.2 million barrels per day (bpd) in 2023, reaching a new high of 102.1 million bpd. As global energy demand rises, there is a need for more oil and gas production to meet rising demand.
- Growing Per Capita Income – The level of living rises in tandem with the increase in per capita income. This frequently translated into increased demand for transportation, power, and water, which in turn increased demand for energy.
Challenges
- Environmental Concerns Associated with Hydraulic Fracturing – The fracturing caused various harms to the environment such as contamination of water, emission of methane, and even put pressure on the land and induce seismicity. All these concerns are imposing huge challenges to market growth.
- Geographical Hindrance to the Procedure
- Substantially High Usage of Water
Hydraulic Fracturing Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
6.7% |
|
Base Year Market Size (2025) |
USD 38.46 billion |
|
Forecast Year Market Size (2035) |
USD 73.56 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of hydraulic fracturing is assessed at USD 40.78 billion.
The global hydraulic fracturing market size was valued at over USD 38.46 billion in 2025 and is expected to expand at a CAGR of over 6.7%, surpassing USD 73.56 billion revenue by 2035.
The North America hydraulic fracturing market will hold over 35% share by 2035, driven by increasing reserves and growing installation of advanced oil extraction machinery.
Key players in the market include Reliance Industries Limited, Schlumberger Limited, Baker Hughes Co., Basic Energy Services, NexTier Oilfield Solutions, Inc., Calfrac Well Services Ltd., ProPetro Holding Corp., Profac Holding Corporation, Halliburton, Nabors Industries Ltd.
