Hydraulic Fracturing Market Estimated To Witness Remarkable Growth At USD 81.10 Billion By 2024
San Francisco, 11 May 2020: The Report Hydraulic Fracturing Market Analysis By Technology (Plug & Perf, Sliding Sleeve), Material, Application (Shale Gas, Tight Gas, Tight Oil, Coal Bed Methane (CBM)) And Segment Forecasts To 2024 The global hydraulic fracturing market is expected to reach USD 81.10 billion by 2024, according to a new report by Grand View Research, Inc. Growing E&P companies’ concern towards declining production rates in conventional hydrocarbon reserves along with shifting focus towards developing unconventional oil & gas blocks globally is anticipated to drive the market growth. Favorable initiatives by the U.S. and Chinese government in the form of financial aids, tax incentives and easy provision of FDI in the hydrocarbon sector are estimated to steer the industry expansion over the next few years. Several bans, moratoriums and pubic concerns regarding environmental impacts of the technology particularly in coun...