Latest Breaking News On - Fracturing market analysis - Page 1 : comparemela.com

Share this article Share this article ResearchAndMarkets.com s offering. The global hydraulic fracturing market is evaluated at US$48.339 billion for the year 2020 growing at a CAGR of 2.41% reaching the market size of US$55.764 billion by the year 2026. Hydraulic fracturing is also known as fracking and is a drilling process which is used to extract oil and gas from deep under the surface of the earth. The method is used to create cracks deep under the surface and are widened and spread using water, chemicals and sand at high pressure. More often, the resources extracted using this method are called, tight oil or tight gas as these forms of fossil fuels are tightly trapped inside the hard shale rock formation. The technologies used to extract tight oil or tight gas are rapidly gaining traction in several parts of the world. Furthermore, a significant rise in the number of exploration and production activities in the petroleum and gas sector is expected to drive the market

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