Fracking Fluids Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032

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Market Snapshot

CAGR:6.78
2023
2032

Source: Market Expertz

RND-Favicon
Study Period 2019-2032
Base Year 2023
Forcast Year 2023-2032
CAGR 6.78
Energy & Power-companies
Energy & Power-Snapshot

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Report Overview

Report Scope:

This study provides a comprehensive overview of the fracking fluids market in the U.S., including the hydraulic fracturing technologies most widely used, the amount and type of production, and presents market forecasts over the five-year period from 2017 to 2022 for each major component and the specific additives in use.

The research covers the market drivers propelling the growth of the fracking fluid industry, the industry structure, trends, and the company profiles of the major production operators and fracking fluid suppliers for the U.S. domestic market. Extensive analysis of the production of each type of hydraulic fracturing technology supports the estimated production growth rates for the specific fracking fluids presented.

BCC Research separates the market analysis into five distinct sections.

The first section presents an overview of energy production from shale resources in the U.S. This section covers the production capacity of each fuel, gas, natural gas, and natural gas liquids across the domestic shale formations.

The second section provides a top-level view of the fracturing technologies that have the greatest influence over the usage of fracking fluids in the market. This section identifies the major hydraulic fracturing techniques most frequently used and presents their baseline fuel production level and production estimates over the five-year period of this report.

The third section offers the capstone presentation of the relevant fracking fluids in the U.S. market and their revenues in millions of dollars and production in millions of pounds. The report displays sales values from 2016 and estimates of sales from 2017 to 2022.

In the fourth section, BCC Research presents a diagram of the industry and analyzes the industry structure, market drivers and trends. The analysis covers the forces positioned to inhibit the growth of hydraulic fracturing in the U.S., including the sustainability, environmental and health concerns.

The fifth and final section includes an extensive list of the major players in the industry, separated into three groups: the production site operators, the fracking fluid suppliers and the regulatory agencies by state.

Report Includes:

- 94 data tables and 58 additional tables
- An overview of the U.S. market for fracking fluids, which are used in hydraulic fracturing, or hydrofracking, for shale gas and oil production
- Analyses of global market trends, with data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2022
- Breakdowns of energy production from shale formations, production sites being fractured, and production sites by company and market share
- Examinations of hydrofracturing technologies, including conventional, nonwater horizontal, staged fracks for hydrocarbon harvesting (zipper fracks), and gas-based fracking
- Company profiles of production site operators and fracking fluid suppliers, including Encana Corp., Chesapeake Energy Corp., SandRidge Energy, Anadarko Petroleum Corp., Halliburton, Schlumberger, Baker Hughes, BJ Services Company and Weatherford International

Summary

Hydraulic fracturing, the process for fracturing underground rock formations with a mixture of pressurized water, propping agents (proppants) and chemical additives to release petroleum or natural gas for extraction, has changed the global energy landscape for the world, and in particular, the U.S. Due to the downturn in the energy sector, gas and oil production from hydraulic fracturing has slowed down considerably. Though the Gulf Coast/Southwest region used REDACTED of the fracking fluid in the U.S. in 2017, by 2022 usage of fracking fluids in the region is expected to fall to REDACTED of the total usage at CAGR of REDACTED from 2017 to 2022. The Gulf Coast/Southwest region is still the most lucrative area for fracking fluid since the publication of the last report. The region held REDACTED of the revenues produced in the fracking fluid industry in 2017 but by 2022, its revenues will follow to REDACTED of the total market.

Since the publication of the last report, the use of the chemical additives fell while the total amount of carrier fluid in the mixture increased. BCC Research attributes the increase of carrier fluid in the hydraulic mixture due to an increase in the availability of recycled water. Total revenues for the chemical additives have decreased while that of the carrier fluid have increased dramatically.

Overall, the industry is expected to continue its contraction from 2014 to 2017, however, new growth is expected to occur from 2017 through 2022 as the energy sector begins to recover.

Scope of Report

This study provides a comprehensive overview of the fracking fluids market in the U.S., including the hydraulic fracturing technologies most widely used, the amount and type of production, and presents market forecasts over the five-year period from 2017 to 2022 for each major component and the specific additives in use.

The research covers the market drivers propelling the growth of the fracking fluid industry, the industry structure, trends, and the company profiles of the major production operators and fracking fluid suppliers for the U.S. domestic market. Extensive analysis of the production of each type of hydraulic fracturing technology supports the estimated production growth rates for the specific fracking fluids presented.

BCC Research separates the market analysis into five distinct sections.

The first section presents an overview of energy production from shale resources in the U.S. This section covers the production capacity of each fuel, gas, natural gas, and natural gas liquids across the domestic shale formations.

The second section provides a top-level view of the fracturing technologies that have the greatest influence over the usage of fracking fluids in the market. This section identifies the major hydraulic fracturing techniques most frequently used and presents their baseline fuel production level and production estimates over the five-year period of this report.

The third section offers the capstone presentation of the relevant fracking fluids in the U.S. market and their revenues in millions of dollars and production in millions of pounds. The report displays sales values from 2016 and estimates of sales from 2017 to 2022.

In the fourth section, BCC Research presents a diagram of the industry and analyzes the industry structure, market drivers and trends. The analysis covers the forces positioned to inhibit the growth of hydraulic fracturing in the U.S., including the sustainability, environmental and health concerns.

The fifth and final section includes an extensive list of the major players in the industry, separated into three groups: the production site operators, the fracking fluid suppliers and the regulatory agencies by state.

Reasons for Doing This Study

For the first time in U.S. history, projections of oil and gas production place the U.S. as the largest oil producer in 2017 and a net exporter of natural gas in the early 2020s.1 The uptick in production sees the highest growth rate of oil from the Bakken Shale under the states of North Dakota and Wyoming, and gas from the Marcellus Shale under the states of Pennsylvania, West Virginia, Ohio, Virginia and New York.

Fracking fluids mainly consist of a major solvent such as water, a proppant (typically sand), and a number of various additives which include gelling agents, iron controls, breaker fluids, corrosion inhibitors, friction reducers, surfactants, biocides, crosslinkers, acids, solvents, scale inhibitors, clay stabilizers and pH adjusters that all contribute to the efficiency of the fracking process. The fracking fluids are forced down a well with high pressure and aid in breaking through the porous rock formations that hold trapped oil and gas, facilitating their release and capture. Given the important role that the fracking fluids play in the hydraulic fracturing process, this study will provide an overview of the widely used hydraulic fracturing technologies in the U.S. This report will also present an assessment of the various components of fracking fluids, estimates their production over the coming years, and captures the industry structure consisting of the market drivers and major players in energy production, and the chemical suppliers with the most influence in the fracking fluid industry.

Since protests against the use of hydraulic fracturing have increased over the years, the need to study the market forces and growth detractors of fracking fluids in the market has consequently increased in urgency. Furthermore, the development of new technology that seeks to reuse fracking fluids to reduce the environmental footprint of the process adds to the support of this study since it will analyze each of the market components.

In summary, this study of the U.S. fracking fluid market will provide:
- A critical review of one of the primary driving forces of domestic energy production for years to come.
- A closer look at the additive constituents that display the greatest opportunity for chemical suppliers.
- An analysis of the fracking fluids industry drivers and trends with the most considerable influence over domestic energy production.

The information can help companies make informed decisions about their commodity chemical purchase habits as well as the decision to switch fuels (gas, oil or coal) for energy production.
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Intended Audience
Information Sources
Geographic Breakdown
Analyst's Credentials
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Overview
Industry Definition
Definition of Hydraulic Fracturing Technology
Definition of Fracking Fluid Product
History and Development of the Industry
Importance of the Industry
Important Implications for the Industry
Technology Lifecycle
Government Regulations
Market Drivers
Growth of Natural Gas in the Transportation Industry
Trend to Reduce Dependence on Foreign Oil
Rising Global Natural Gas Prices
Increasing Regulatory Infrastructure for Deep Water Drilling
Growth of New Reduced Emissions Completions (REC) Technologies
Other Factors that Support a Growth Trend
Market Headwinds
Foreseeable Future Developments
Chapter 4 Fracking Fluids by Constituents
Types of Hydraulic Fracturing
Horizontal Fracturing
Plug-and-Perforate Method
Coil Tube Fracturing
Zipper Fracking
Waterless Fracking
Hydrajet-Assisted Fracturing
Factors That Affect the Fracturing Behavior
Types of Fracking Fluid Systems
Aqueous Fluid Systems
Slickwater Fluids
Types of Fracking Fluid Components
Carrier Fluids
Proppants
Chemical Additives
Market for Fluid Components
Carrier Fluids
Proppants
Chemical Additives
Chapter 5 Fracking Fluids by Regional Shale Market Application
Types of Formations
Fracking Fluids Generated from Gas Reservoirs
Fracking Fluids Generated from Oil Reservoirs
Fracking Fluid Opportunity by Region
Northeast Region
Gulf Coast/Southwest Region
Mid-Continent Region
Rocky Mountain Region
West Coast Region
Other
Chapter 6 Industry Structure and Trends
Industry Diagram
Oil and Gas Exploration and Production Companies
Energy Services Firms
Chemical Companies
Wastewater Treatment Firms
Industry Value Chain
Industry Driving Forces
Macroeconomic Growth Drivers
Market Growth Drivers
Industry Competitive Strategies
Analytics for Production Profile Management
Chemical Transportation and Recycling
Regulatory Environment
Barriers to Entry
Important Shifts in the Industry
Global focus on U.S. Shale companies
Impact on Other Industries
Distribution channels
Industry Trends
Energy Demand
Environmental Concerns
Government Regulations
Recycling and Reuse
Fracking Fluid Usage and Revenues by Region
Chapter 7 Patents and Company Profiles
Patents
Company Profiles
ADVANCED RESOURCES INTERNATIONAL
ANADARKO PETROLEUM CORP.
APACHE CORP.
BADGER MINING CORP.
BAKER HUGHES
BNK PETROLEUM INC.
C&J ENERGY SERVICES, INC.
CABOT OIL & GAS CORP.
CARBO
CHAMPION TECHNOLOGIES
CHART INDUSTRIES INC.
CHESAPEAKE ENERGY CORP.
CHINA MINERAL PROCESSING (CMP) TIANJIN LTD
COMSTOCK RESOURCES
CUADRILLA RESOURCES COMPANY
DEVON ENERGY CORP.
DOMINION
DOWDUPONT CHEMICAL COMPANY
ECONOMY POLYMERS & CHEMICAL
ELIXIR PETROLEUM LTD.
ENCANA CORP.
ENERGIGAS
EOG RESOURCES
EQUITABLE RESOURCES (EQT CORP.)
FAIRMOUNT SUPPLY
FOUNTAIN QUAIL WATER
HALLIBURTON ENERGY SERVICES, INC.
MARATHON OIL CO.
NABORS INDUSTRIES
NALCO (ECOLAB)
NEXEN
OASIS PETROLEUM NORTH AMERICA, LLC
PEMEX
PETROCHINA COMPANY LTD.
PETROFRONTIER CORP.
PIONEER NATURAL RESOURCES CO.
RANGE RESOURCES CORP. (Formerly Lomak Petrolium Inc.)
REAGENT CHEMICAL AND RESEARCH INC.
SANDRIDGE ENERGY
SCHLUMBERGER
SEEPEX
SINOPEC CANADA
SOURCEWATER, INC.
SOUTHWESTERN ENERGY COMPANY
TRICAN WELL SERVICE
UNIMIN CORP.
U.S. SILICA
WEATHERFORD INTERNATIONAL
XTO ENERGY INC. (EXXONMOBIL) (formerly called Cross Timbers Oil Company)

List of Tables
Summary Table : U.S. Market for Fracking Fluids, by Type, Through 2022
Table 1 : States that Currently Allow Fracking and Their Stance on Disclosure of the Fracking Fluids
Table 2 : States Stance on Fracking
Table 3 : List of Conventional Fracking Fluids
Table 4 : U.S. Market Share of Fracking Fluids, by Volume and Value, 2017
Table 5 : U.S. Market Volume for Carrier Fluids for All Shales, by Product, Through 2022
Table 6 : U.S. Market for Carrier Fluids for All Shales, by Product, Through 2022
Table 7 : U.S. Market Volume for Proppants for All Shales, by Product, Through 2022
Table 8 : U.S. Market for Proppant for All Shales, by Product, Through 2022
Table 9 : U.S. Market Volume for Gelling Agents for All Shales, by Product, Through 2022
Table 10 : U.S. Market for Gelling Agents for All Shales, by Product, Through 2022
Table 11 : U.S. Market Volume for Iron Control Agents for All Shales, by Product, Through 2022
Table 12 : U.S. Market for Iron Control Agents for All Shales, by Product, Through 2022
Table 13 : U.S. Market Volume for Breaker Fluids for All Shales, by Product, Through 2022
Table 14 : U.S. Market for Breaker Fluids for All Shales, by Product, Through 2022
Table 15 : U.S. Market Volume for Corrosion Inhibitors for All Shales, by Product, Through 2022
Table 16 : U.S. Market for Corrosion Inhibitors for All Shales, by Product, Through 2022
Table 17 : U.S. Market Volume for pH Adjusters for All Shales, by Product, Through 2022
Table 18 : U.S. Market for pH Adjusters for All Shales, by Product, Through 2022
Table 19 : U.S. Market Volume for Biocides for All Shales, Through 2022
Table 20 : U.S. Market for Biocides for All Shales, by Product, Through 2022
Table 21 : U.S. Market Volume for Friction Reducers for All Shales, by Product, Through 2022
Table 22 : U.S. Market for Friction Reducers for All Shales, by Product, Through 2022
Table 23 : U.S. Market Volume for Surfactants for All Shales, by Product, Through 2022
Table 24 : U.S. Market Volume for Surfactants for All Shales, by Product, Through 2022
Table 25 : U.S. Market Volume for Crosslinking Agents for All Shales, by Product, Through 2022
Table 26 : U.S. Market for Crosslinking Agents for All Shales, by Product, Through 2022
Table 27 : U.S. Market Volume for Acids for All Shales, by Product, Through 2022
Table 28 : U.S. Market for Acids for All Shales, by Product, Through 2022
Table 29 : U.S. Market Volume for Solvents for All Shales, by Product, Through 2022
Table 30 : U.S. Market for Solvents for All Shales, by Product, Through 2022
Table 31 : U.S. Market Volume for Scale Inhibitors for All Shales, by Product, Through 2022
Table 32 : U.S. Market for Scale Inhibitors for All Shales, by Product, Through 2022
Table 33 : U.S. Market Volume for Clay Stabilizers for All Shales, by Product, Through 2022
Table 34 : U.S. Market for Clay Stabilizers for All Shales, by Product, Through 2022
Table 35 : U.S. Market Volume of Fracking Fluids for Gas Reservoirs, Through 2022
Table 36 : U.S. Market of Fracking Fluids for Gas Reservoirs, Through 2022
Table 37 : U.S. Market Volume of Fracking Fluids for Oil Reservoirs, Through 2022
Table 38 : U.S. Market of Fracking Fluid for Oil Reservoirs, Through 2022
Table 39 : Shale and Fracturing Status for Each State in the Northeast Region
Table 40 : Northeast Market Volume of Fracking Fluids for Gas Reservoirs, Through 2022
Table 41 : Northeast Market of Fracking Fluid for Gas Reservoirs, Through 2022
Table 42 : Shale and Fracturing Status of Each State in the Gulf Coast/Southwest Region
Table 43 : Texas Market Volume for Fracking Fluids, Through 2022
Table 44 : Texas Market for Fracking Fluids, Through 2022
Table 45 : Gulf Coast/Southwest Value, Volume and Market Share for Fracking Fluids, by Energy Type, 2017
Table 46 : Gulf Coast/Southwest Market Volume of Fracking Fluids for Gas Reservoirs, Through 2022
Table 47 : Gulf Coast/Southwest Market for Fracking Fluids for Gas Reservoirs, Through 2022
Table 48 : Gulf Coast/Southwest Market Volume for Fracking Fluids for Oil Reservoirs, Through 2022
Table 49 : Gulf Coast/Southwest Market for Fracking fluids for Oil Reservoirs, Through 2022
Table 50 : Shale and Fracturing Status for Each State in the Mid-Continent Region
Table 51 : Mid-Continent Market Volume of Fracking Fluids for Gas Reservoirs, Through 2022
Table 52 : Mid-Continent Market of Fracking Fluids for Gas Reservoirs, Through 2022
Table 53 : Shale and Fracturing Status for Each State in the Rocky Mountain Region
Table 54 : Rocky Mountain Volume and Value Market for Fracking Fluids, by Energy Type, 2017
Table 55 : Rocky Mountain Market Volume of Fracking Fluids for Gas Reservoirs, Through 2022
Table 56 : Rocky Mountain Market for Fracking Fluids for Gas Reservoirs, Through 2022
Table 57 : Rocky Mountain Market Volume of Fracking Fluids for Oil Reservoirs, Through 2022
Table 58 : Rocky Mountain Market Volume of Fracking Fluids for Oil Reservoirs, Through 2022
Table 59 : Shale and Fracturing Status for the West Coast Region
Table 60 : West Coast Market Volume of Fracking Fluids for Oil Reservoirs, Through 2022
Table 61 : West Coast Market for Fracking Fluids for Oil Reservoirs, Through 2022
Table 62 : U.S. Market Volume of Fracking Fluids for Gas Reservoirs in the Other Region, Through 2022
Table 63 : U.S. Market of Fracking Fluids for Gas Reservoirs in the "Other" Region, Through 2022
Table 64 : U.S. Market Volume of Fracking Fluids for Oil Reservoirs in the "Other" Region, Through 2022
Table 65 : U.S. Market of Fracking Fluids for Oil Reservoirs in the "Other" Region, Through 2022
Table 66 : Pipeline Infrastructure and Projections, Through 2022
Table 67 : Natural Gas Drilling and Hydraulic Fracturing Chemicals with 10 or more Health Effects
Table 68 : U.S. Market Volume of Fracking Fluids, by Region, Through 2022
Table 69 : U.S. Market of Fracking Fluids, by Region, Through 2022
Table 70 : U.S. Market Volume of Carrier Fluids, by Region, Through 2022
Table 71 : U.S. Market of Carrier Fluids, by Region, Through 2022
Table 72 : U.S. Market Volume of Proppants, by Region, Through 2022
Table 73 : U.S. Market of Proppants, by Region, Through 2022
Table 74 : U.S. Market Volume of Chemical Additives, by Region, Through 2022
Table 75 : U.S. Market of Chemical Additives, by Region, Through 2022
Table 76 : U.S. Market Volume of Gelling Agents, by Region, Through 2022
Table 77 : U.S. Market of Gelling Agents, by Region, Through 2022
Table 78 : U.S. Market Volume of Iron Control Agents, by Region, Through 2022
Table 79 : U.S. Market of Iron Control Agents, by Region, Through 2022
Table 80 : U.S. Market Volume of Breaker Fluids, by Region, Through 2022
Table 81 : U.S. Market of Breaker Fluids, by Region, Through 2022
Table 82 : U.S. Market Volume of Corrosion Inhibitors, by Region, Through 2022
Table 83 : U.S. Market of Corrosion Inhibitors, by Region, Through 2022
Table 84 : U.S. Market Volume of pH Adjusters, by Region, Through 2022
Table 85 : U.S. Market of pH Adjusters, by Region, Through 2022
Table 86 : U.S. Market Volume of Biocides, by Region, Through 2022
Table 87 : U.S. Market of pH Adjusters, by Region, Through 2022
Table 87 : U.S. Market of Biocides, by Region, Through 2022
Table 88 : U.S. Market Volume Usage of Friction Reducers, by Region, Through 2022
Table 89 : U.S. Market of Friction Reducers, by Region, Through 2022
Table 90 : U.S. Market Volume of Surfactants, by Region, Through 2022
Table 91 : U.S. Market of Surfactant Materials, by Region, Through 2022
Table 92 : U.S. Market Volume of Crosslinking Agents, by Region, Through 2022
Table 93 : U.S. Market of Crosslinking Agents, by Region, Through 2022
Table 94 : U.S. Market Volume of Acids, by Region, Through 2022
Table 95 : U.S. Market of Acids, by Region, Through 2022
Table 96 : U.S. Market Volume of Solvents, by Region, Through 2022
Table 97 : U.S. Market for Solvents, by Region, Through 2022
Table 98 : U.S. Market Volume of Scale Inhibitors, by Region, Through 2022
Table 99 : U.S. Market of Scale Inhibitors, by Region, Through 2022
Table 100 : U.S. Market Usage Volume of Clay Stabilizers, by Region, Through 2022
Table 101 : U.S. Market of Clay Stabilizers, by Region, Through 2022
Table 102 : List of Patents for Fracking Fluids
Table 103 : Advanced Resources International: Company Information
Table 104 : Anadarko Petroleum Corp.: Company Information
Table 105 : Apache: Company Information
Table 106 : Badger Mining: Company Information
Table 107 : Baker Hughes: Company Information
Table 108 : BNK Petroleum: Company Information
Table 109 : C&J Energy Services, Inc.: Company Information
Table 110 : Cabot Oil & Gas Corp.: Company Information
Table 111 : Carbo: Company Information
Table 112 : Champion Technologies: Company Information
Table 113 : Chart Industries Inc.: Company Information
Table 114 : Chesapeake Energy Corp.: Company Information
Table 115 : CMP Tianjin: Company Information
Table 116 : Comstock Resources: Company Information
Table 117 : Cuadrilla Resources Company: Company Information
Table 118 : Devon Energy Corp.: Company Information
Table 119 : Dominion: Company Information
Table 120 : DOWDUPONT: Company Information
Table 121 : Economy Polymers: Company Information
Table 122 : Elixir Petroleum: Company Information
Table 123 : Encana Corp.: Company Information
Table 124 : Energigas: Company Information
Table 125 : EOG Resources: Company Information
Table 126 : Equitable Resources (EQT Corp.): Company Information
Table 127 : Fairmount: Company Information
Table 128 : Fountain Quail Water: Company Information
Table 129 : Halliburton Energy Services, Inc.: Company Information
Table 130 : Marathon Oil Co.: Company Information
Table 131 : Nabors Industries: Company Information
Table 132 : Nalco (Ecolab): Company Information
Table 133 : Nexen: Company Information
Table 134 : Oasis Petroleum North America, LLC: Company Information
Table 135 : Pemex: Company Information
Table 136 : PetroChina: Company Information
Table 137 : PetroFrontier Corp.: Company Information
Table 138 : Pioneer Natural Resources Co.: Company Information
Table 139 : Range Resources Corp.: Company Information
Table 140 : Reagent Chemical and Research Inc.: Company Information
Table 141 : Sandridge Energy: Company Information
Table 142 : Schlumberger: Company Information
Table 143 : Seepex: Company Information
Table 144 : Sinopec Canada: Company Information
Table 145 : Sourcewater, Inc.: Company Information
Table 146 : Southwestern Energy Company: Company Information
Table 147 : Trican Well Service: Company Information
Table 148 : Unimin Corp.: Company Information
Table 149 : US Silica: Company Information
Table 150 : Weatherford International: Company Information
Table 151 : XTO Energy Inc. (ExxonMobil): Company Information

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now letā€™s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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