The global hydraulic fracturing market size was around USD 40.24 billion in 2024 and is likely to expand at a CAGR of around 7.1%, surpassing USD 98.16 billion revenue by 2037. Onshore segment is projected to achieve 60% share by 2037, driven by rise in new discoveries in onshore wells.

Global Hydraulic Fracturing Market will grow at a CAGR of 9.4% during the forecast period, with an estimated size and share crossing USD 27.54 billion by 2032.

The global hydraulic fracturing market size is calculated at USD 53.62 Bn in 2025 and is projected to hit around USD 82.29 Bn by 2032 with a CAGR of 6.3%.

The shale gas hydraulic fracturing market is projected to reach 39,672.5 BCF (billion cubic feet) in 2025 and expand to approximately 85,796.0 BCF by 2035, reflecting a compound annual growth rate (CAGR) of 8.0% over the forecast period.

Metric	Volume
Industry Volume (2025E)	39,672.5 BCF
Industry Volume (2035F)	85,796.0 BCF
CAGR (2025 to 2035)	8.0%

Country-wise Analysis

Country	CAGR (2025 to 2035)
United States	7.8%

Country	CAGR (2025 to 2035)
Canada	8.3%

Country	CAGR (2025 to 2035)
China	12.6%

The Market is Segmented by Well Type (Horizontal and Directional, and Vertical) and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa).

Hydraulic Fracturing Market Outlook

According to our latest research, the global hydraulic fracturing market size reached USD 38.4 billion in 2024, demonstrating robust expansion driven by rising energy demand and advancements in unconventional oil and gas extraction. The market is projected to grow at a CAGR of 6.8% from 2025 to 2033, reaching a value of approximately USD 70.1 billion by 2033. This growth is primarily fueled by the increasing exploitation of shale gas and tight oil reserves, particularly in North America, alongside technological innovations that enhance extraction efficiency and reduce environmental impact. As per our latest research, the hydraulic fracturing sector is set for sustained growth, underpinned by evolving energy strategies, regulatory shifts, and a dynamic global energy landscape.

One of the principal growth drivers for the hydraulic fracturing market is the surging demand for energy, especially natural gas and oil, across the world. As conventional hydrocarbon reserves become increasingly depleted, energy companies are turning to unconventional resources such as shale gas, tight oil, and coal bed methane. Hydraulic fracturing, commonly known as fracking, has emerged as a critical technology to unlock these resources, enabling the extraction of hydrocarbons from low-permeability rock formations that were previously uneconomical to exploit. The rapid industrialization and urbanization in emerging economies have further amplified the need for reliable and affordable energy supplies, thus propelling investments in hydraulic fracturing infrastructure and services. Additionally, the shift towards cleaner-burning natural gas as a transitional fuel in the global move to decarbonize energy systems is further boosting the adoption of hydraulic fracturing technologies.

Technological advancements in hydraulic fracturing have played a pivotal role in driving market expansion. Innovations such as real-time monitoring, horizontal drilling, multi-stage fracturing, and enhanced fluid formulations have significantly increased the efficiency and safety of fracking operations. These advancements have not only reduced operational costs but also mitigated some of the environmental concerns traditionally associated with hydraulic fracturing, such as water consumption, chemical usage, and induced seismicity. Furthermore, the integration of digital technologies, including artificial intelligence and automation, has optimized well productivity and resource management, leading to higher returns on investment for operators. As a result, oilfield service companies and technology providers continue to invest heavily in research and development to maintain a competitive edge and meet the evolving needs of the market.

Another significant factor contributing to the growth of the hydraulic fracturing market is the supportive regulatory environment in key producing regions, particularly North America. The United States, for instance, has implemented policies and incentives aimed at promoting domestic energy production and reducing dependence on imports. This has led to a surge in shale gas and tight oil development, making the US one of the largest producers of hydrocarbons globally. In addition, collaborative efforts between industry stakeholders and regulatory bodies to establish best practices and environmental safeguards have helped address public concerns and fostered greater acceptance of hydraulic fracturing operations. However, the market also faces challenges related to water management, waste disposal, and community opposition, which necessitate ongoing innovation and stakeholder engagement.

From a regional perspective, North America continues to dominate the hydraulic fracturing market, accounting for more than 65% of global revenue in 2024. The region's leadership is attributed to its abundant shale reserves, mature oilfield services sector, and well-established regulatory frameworks. Europe and Asia Pacific are also witnessing increased activity, driven by efforts to diversify energy sources and reduce reliance on imports. In contrast, Latin America and the Middle East & Africa are gradually adopting hydraulic fracturing technologies, with significant potential for future growth as exploration and production activities intensify. The regional landscape is shaped by a complex interplay of geological, economic, and policy factors, which will continue to influence the market trajectory over the forecast period.

Global Hydraulic Fracturing Market size valued at US$ 51.87 Billion in 2023, set to reach US$ 98.29 Billion by 2032 at a CAGR of about 7.36% from 2024 to 2032.

Hydraulic Fracturing Market size is expected to be worth around USD 100.8 Billion by 2034, from USD 50.3 Billion in 2024, at a CAGR of 6.7%

The global hydraulic fracturing market size was valued at USD 674.52 million in 2025 and is projected to grow at a CAGR of XX.X% from 2025 to 2033. The market growth is attributed to rising energy demand, increasing shale gas production, and growing urbanization. Increasing environmental concerns, strict regulations, and water scarcity pose challenges to the market growth. The horizontal well type segment dominated the market in 2025 and is expected to maintain its dominance throughout the forecast period. Horizontal wells offer greater reservoir contact and enhanced production compared to vertical wells. The crude oil segment accounted for the largest market share and is expected to grow significantly during the forecast period due to increasing crude oil consumption and production. The global hydraulic fracturing market is experiencing significant growth due to the increasing demand for energy and the need to produce oil and gas from unconventional sources. This market is highly concentrated, with major players such as Baker Hughes GE, Schlumberger, National Oilwell Varco, Inc., Patterson-UTI Energy, and Halliburton dominating the landscape.

The market is characterized by innovation, with companies investing heavily in research and development to improve technologies and services. Regulations play a key role in shaping the market, as they impact the environmental and safety standards that companies must adhere to. Product substitutes, such as horizontal drilling, have a limited impact on the market, as hydraulic fracturing is still the preferred method for extracting oil and gas from unconventional sources. Key drivers for this market are: New product launches and research and development.. Potential restraints include: Rising concern for depletion of natural resources.. Notable trends are: An increase in energy demand is driving the market growth.

The global Hydraulic Fracturing market is forecasted to grow at a noteworthy CAGR of 7.61% between 2025 and 2033. By 2033, market size is expected to surge to USD 116.05 Billion, a substantial rise from the USD 59.98 Billion recorded in 2024.

The Global Hydraulic Fracturing market size to cross USD 116.05 Billion by 2033. [https://edison.valuemarketresearch.com//uploads/report_images/VMR112111208

The market is segmented by Resource Type (Oil and Natural Gas) and Geography (Poland, Russia, United Kingdom, and Rest of Europe)

This industry provides hydraulic fracturing services for oil and natural gas extraction companies. Wells that have been hydraulically fractured are able to access otherwise largely inaccessible tight oil, shale gas and tight gas.

Global Hydraulic Fracturing market size is expected to reach $60.2 billion by 2029 at 8.0%, rising demand for oil and gas from offshore assets is driving the growth of the hydraulic fracturing market

Discover the latest insights from Market Research Intellect's Shale Gas Hydraulic Fracturing Market Report, valued at USD 80 billion in 2024, with significant growth projected to USD 120 billion by 2033 at a CAGR of 5.5% (2026-2033).

The global hydraulic fracturing market was valued at USD 35.20 Billion in 2018, and is expected to grow at a CAGR of 12.2% over the forecast period 2020-2026. Factors such as growth in oil & gas reserves in the shale basins, tight gas, tight oil and coal bed methane (CBM) are positively enhancing the market.
Developments in extraction of energy from shale gas is gaining a significant traction in developed economies. In the U.S. horizontal drilling and hydraulic fracturing are considered as safe practices to reveal a vast reserve of oil and natural gas. Externally, the hydraulic fracturing technique is widely used as it results in economic growth and generation of employment on a wider scale alone in the U.S. Modern hydraulic fracturing blended with horizontal drilling enables drilling from multiple wells from one spot, thus reducing the size of drilling area above the ground within a significant percent. It is considered as one of the safe practices for energy extraction in the U.S. since it complies with the environmental regulations thus helping in reduction of carbon emissions while electricity generation.

Apart from the oil and well drilling, hydraulic fracturing has a vast impact over the use of water in hydraulic fracturing ranging from use of fracturing fluids in oil and gas production wells to the gathering and removal of produced water. These activities can significantly impact the drinking water resources under any circumstances.

Hydraulic Fracturing Market Trends, Drivers and Opportunities:

The hydraulic fracturing market is highly driven by rising demand for energy in the household and commercial activities. The market witnesses a decline in the production rate owing to depletion of conventional natural resources. Oil manufacturers now prefer fracturing techniques using unconventional resources for petroleum extraction.
A major market trend such as rise in onshore drilling compels the oil companies to emphasize on deep water reserves. On contrary, environmental concerns, rise in seismic activities and legal regulations have restricted the market growth during the forecast period.

Hydraulic Fracturing Market Segment Insights:

By Size:

By size, the hydraulic fracturing market can be segmented into horizontal and vertical. Horizontal hydraulic fracturing is anticipated to be the leading segment due to growing number of projects using unconventional approach for exploration. The vertical segment is expected to witness a steady growth owing to applicability for varied purposes.

By Application:

Based on application, the market segmentation comprises shale gas, crude oil, tight oil and tight gas. Crude oil fracking is the leading application in the hydraulic fracturing market owing to decline in production rate and rise in number of mature fields across European regions. Exploration using unconventional resources is likely to induce a growing energy demand that is expected to further boost the use of technology.

By Technology:

Based on technology, the hydraulic fracturing market can be segmented into sliding sleeve, plug-and-perforation. Plug-and-perforation is expected to grow at a significant rate due to rise in demand. Ease of accessibility is a major contributing factor.

By Geography:

Geographical segmentation for hydraulic fracturing market comprise North America, South America, Europe, Asia Pacific, Middle East and Africa. North America dominates the global market owing to rise in discoveries of shale gas and new gas fields. In addition, exploration activities adds to the regional market growth.
Developing economies such as Asia Pacific sector are expected to be the leading in the hydraulic fracturing market. Factors such as availability of manpower, funds and R&D activities have fueled the market growth. Government support is a major factor that catalyzes the growth process in this region.

Competitive Landscape:

Some of the key players in the hydraulic fracturing market are Weatherford International, Calfrac Well Services, FTS International, Haliburton, Tacrom Services, Trican Well Services, and Superior Energy Services. Mergers and acquisitions, and strategic collaborations are some of the key strategies adopted by major vendors in order to expand their business portfolio.

The Hydraulic Fracturing Market size was valued at USD 11.74 USD Billion in 2023 and is projected to reach USD 16.96 USD Billion by 2032, exhibiting a CAGR of 5.4 % during the forecast period. Hydraulic fracturing, commonly known as fracking, is a technique used to extract oil and natural gas from deep underground formations. It involves injecting high-pressure fluid into rock layers to create fractures, allowing hydrocarbons to flow more freely. There are two main types: horizontal and vertical fracking. Horizontal fracking involves drilling wells horizontally through the rock layer, while vertical fracking drills straight down. Key features include the use of water, sand, and chemicals to facilitate the process, and the ability to access previously unreachable resources. Applications of hydraulic fracturing are primarily in the oil and gas industry, significantly boosting production and contributing to energy independence. It is also used in geothermal energy extraction and enhanced oil recovery methods. Key drivers for this market are: Growing Focus on Safety and Organization to Fuel Market Growth. Potential restraints include: Stringent Regulations for Environmental Protection Along with Growing Trend for Renewable Energy Restraints Market Growth. Notable trends are: Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions.

As per Cognitive Market Research's latest published report, Hydraulic Fracturing Fluid Additive Industry's Compound Annual Growth Rate will be 4.3% from 2023 to 2030. What is Driving Hydraulic Fracturing Fluid Additive Industry Growth?

The benefit of improving the efficiency of the hydraulic fracturing process in breaking up underground rock formations and releasing natural gas or oil is the primary factor driving the hydraulic fracturing fluid additive market. Other factors such as geological characteristics of the drilling site, the specific needs of the drilling operation, and the desired properties of the hydraulic fracturing fluid, such as its viscosity, stability, and resistance to corrosion and scaling. Increasing demand for energy globally coupled with increased exploration and production of oil and gas expected to drive the well construction activities and simultaneously affect the hydraulic fracturing fluid additive market growth positively. What is Hydraulic Fracturing Fluid Additive?

A hydraulic fracturing fluid additive is any substance added to the water-based fluid used in hydraulic fracturing to enhance its efficiency in releasing natural gas or oil by breaking up rock formations. These substances, like proppants, surfactants, biocides, scale inhibitors, and friction reducers, can vary in composition according to the geological characteristics of the drilling site and the requirements of the drilling process.

Hydraulic Fracturing Market was valued at USD 53.89 billion in 2024 and is expected to reach USD 84.53 billion by 2030 with a CAGR of 7.63% during the forecast period.

Pages	188
Market Size	2024: USD 53.89 Billion
Forecast Market Size	2030: USD 84.53 Billion
CAGR	2025-2030: 7.63%
Fastest Growing Segment	Foam-based Fluid
Largest Market	North America
Key Players	1. Basic Energy Corporation 2. Schlumberger Limited 3. Calfrac Well Services Ltd. 4. Baker Hughes Company 5. NexTier Completion Solutions, Inc. 6. Liberty Energy, Inc. 7. Weatherford International plc 8. B2I Technologies, Inc.

The report covers North America Hydraulic Fracturing Fluids Companies and the market is segmented Well Type (Horizontal and Vertical), Fluid Type (Slick Water-based Fluid, Foam-based Fluid, Gelled Oil-based Fluid, and Other Base Fluids), and Geography (US, Canada, and Rest of North America).

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