Hydraulic Fracturing Market Trends and Competitive Landscape Forecast to 2027

The global hydraulic fracturing market size is projected to reach USD 38.1 billion by 2027, from USD 24.6 billion in 2020, at a CAGR of 7.6% during the forecast period (2021-2027). Growing demand for oil, natural gas and other resources is increasing worldwide, which is estimated to propel the growth of hydraulic fracturing market. The company is focused on increasing the productivity of crude oil from existing wells by deploying advanced technologies for shale gas exploration, which directly impacts the growth of the hydraulic fracturing market during the forecast period.

Factors affecting hydraulic fracturing market during forecast period:
There is a huge demand for natural gas and hydrocarbons in today's terms, which necessitates hydraulic fracturing activities and investments. Additionally, the establishment of non-traditional or tight reserves at various specific levels has increased the demand for hydraulic fracturing and supported global market growth.

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However, strict rules and regulations from governments and other general institutions have led to environmental