Middle East & Africa Hydraulic Fracturing Market Outlook, 2029

The Middle East & Africa Hydraulic Fracturing Market is segmented into By Fluid Type (Water-Based, Oil-Based, Foam-Based and Others (Acid-Based Fluids and Hybrid Fluids)), By Well Type (Horizontal and Vertical), By Technology (Plug & Perf and Sliding Sleeve) and By Application (Shale Gas, Tight Oil, Tight Gas and Others (Coalbed Methane (CBM),Enhanced Geothermal Systems (EGS)).

The MEA hydraulic fracturing market is forecasted to grow over 6% CAGR from 2024 to 2029, driven by efforts to diversify energy sources and boost oil recovery rates.

Hydraulic Fracturing Market Analysis

The application of hydraulic fracturing in the Middle East and Africa (MEA) region presents a unique picture within the global market. While hydraulic fracturing has revolutionized oil and gas production in North America, its adoption in the MEA region is a more recent phenomenon and is characterized by a cautious approach and a focus on navigating a complex geopolitical landscape. One of the most intriguing aspects of the MEA hydraulic fracturing market lies in the diversity of resource potential and varying government stances. The region boasts significant reserves of unconventional resources, particularly shale gas and tight oil, in countries like Algeria, Egypt, and Oman. These resources offer the potential to enhance the region's energy security and diversify its energy mix. However, governments within the MEA exhibit varying degrees of enthusiasm towards hydraulic fracturing. Some countries, recognizing the potential economic benefits and energy security advantages, are cautiously exploring the use of this technology. For instance, Algeria has initiated pilot projects to assess the viability of hydraulic fracturing for shale gas exploration. On the other hand, some governments in the MEA region remain apprehensive about hydraulic fracturing due to environmental concerns. The potential for water contamination, seismic activity, and air pollution associated with this technology has led to stricter regulations and a wait-and-see approach in certain countries. These environmental anxieties are often amplified by the presence of vast, established conventional oil and gas reserves in some MEA countries. The ability to meet energy needs through existing resources makes them less reliant on unconventional resources and potentially less inclined to embrace hydraulic fracturing. According to the research report "Middle East and Africa Hydraulic Fracturing Market Outlook, 2029," published by Bonafide Research, the Middle East and Africa Hydraulic Fracturing market is anticipated to grow at more than 6% CAGR from 2024 to 2029.. One of the most intriguing aspects of the MEA hydraulic fracturing market lies in the strategic focus of national oil companies (NOCs). Unlike North America, where the private sector drives hydraulic fracturing activity, NOCs play a central role in the MEA region. These state-owned entities are responsible for a significant portion of oil and gas exploration and production (E&P) activities. Their strategic decisions regarding resource development, technology adoption, and collaboration with international service providers heavily influence the growth trajectory of the hydraulic fracturing market in the MEA region. This focus on NOCs presents both opportunities and challenges. On the one hand, NOCs have the resources and influence to invest in necessary infrastructure, acquire expertise, and drive the adoption of hydraulic fracturing technology. Several NOCs in the region have expressed interest in shale gas exploration and development, recognizing its potential to bolster energy security and diversify their hydrocarbon sources. Additionally, NOCs can leverage their existing infrastructure and expertise in conventional oil and gas production to facilitate the integration of hydraulic fracturing operations. However, the involvement of NOCs also presents challenges. Bureaucratic processes, a focus on national interests, and potential concerns regarding technology transfer can create hurdles for collaboration with international oilfield service companies (OSCs) that possess the necessary expertise and experience in hydraulic fracturing. Finding the right balance between leveraging NOCs' resources and fostering collaboration with experienced OSCs will be crucial for unlocking the full potential of hydraulic fracturing in the MEA region.

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Market Dynamic

Market Drivers Urgent need for energy diversification: The region is heavily reliant on hydrocarbon resources, particularly oil and gas, to meet its energy demands. However, fluctuating oil prices and a growing focus on energy security are prompting governments to explore alternative sources of domestic energy production. Hydraulic fracturing offers a potential solution by unlocking vast reserves of unconventional oil and gas, particularly shale gas, which are abundant in some parts of the MEA region. By developing these unconventional resources, countries can reduce dependence on imported fuels and enhance their overall energy security. • Advancements in hydraulic fracturing technology: The technology has undergone significant improvements in recent years, with a focus on efficiency, environmental considerations, and cost-effectiveness. These advancements are particularly relevant for the MEA region, where geological complexities and environmental concerns exist. The availability of more targeted fracturing techniques, lower water usage methods, and "green" fracturing technologies can address some of the challenges associated with this practice and make hydraulic fracturing a more viable option for unlocking unconventional resources in the MEA. Market Challenges Limited availability of water resources: One of the most pressing challenges is the limited availability of water resources in many MEA countries. Hydraulic fracturing is a water-intensive process, and the large volumes of water required can pose a significant strain on already scarce water resources. Developing and implementing robust water management strategies, such as water recycling and reuse technologies, is crucial for mitigating this challenge. Additionally, exploring alternative fracturing fluids that require less water or even waterless fracturing techniques can be potential solutions for the MEA market. • Environmental regulations and public perception: Hydraulic fracturing has been linked to environmental concerns such as water contamination, induced seismicity, and air pollution in other parts of the world. These concerns are present in the MEA region as well, and some countries have adopted a cautious approach towards hydraulic fracturing due to these environmental anxieties. Developing and enforcing stringent regulations that prioritize environmental protection and public safety is essential for building trust and obtaining social license to operate for hydraulic fracturing projects in the MEA. Transparency, open communication, and a commitment to responsible practices are crucial for addressing public concerns and ensuring the sustainable development of this technology.

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Hydraulic Fracturing Segmentation

By Fluid Type Water-Based
Oil-Based
Foam-Based
Others (Acid-Based Fluids and Hybrid Fluids)
By Well Type Horizontal
Vertical
By Technology Plug & Perf
Sliding Sleeve
By Application Shale Gas
Tight Oil
Tight Gas
Others (Coalbed Methane (CBM),Enhanced Geothermal Systems (EGS))
MEAUnited Arab Emirates
Saudi Arabia
South Africa

Based on the report, the Hydraulic Fracturing market is segmented into Water-Based, Oil-Based and Foam-Based on the basis of fluid type. Based on the report, the Hydraulic Fracturing market is segmented into Horizontal and Vertical on the basis of well type. When it comes to segmentation by fluid type, water-based fracturing fluids are expected to remain the dominant choice in the MEA market for the foreseeable future. This dominance can be attributed to several factors. Firstly, the abundance of freshwater resources in some parts of the MEA, particularly the Nile basin countries, makes water-based fluids a cost-effective option. Secondly, stricter environmental regulations in some MEA nations are pushing operators towards water-based fluids due to concerns regarding the potential environmental impact of oil-based fluids, particularly related to proper disposal of used fluids. However, the availability of freshwater resources varies significantly across the MEA region. Water-scarce countries within the region, such as those in the GCC (Gulf Cooperation Council), might opt for alternative fracturing fluids like oil-based or foam-based fluids. Oil-based fluids offer superior proppant carrying capacity and can be advantageous in deeper or more complex well formations. However, their higher cost and stricter environmental regulations around disposal limit their widespread adoption in the MEA. Foam-based fracturing fluids, on the other hand, represent an emerging segment with promising potential in the MEA market. These fluids offer a middle ground between water-based and oil-based fluids, combining some of the performance benefits of oil-based fluids with the environmental advantages of water-based systems. Foam-based fluids are particularly well-suited for formations with high water sensitivity, where traditional water-based fluids can damage the rock matrix. Additionally, they can be effective in reducing formation fluid production during the fracturing process, minimizing water usage and disposal requirements. However, the technology for foam-based fracturing is still evolving, and its adoption in the MEA market will likely depend on further cost optimization and successful field trials demonstrating its effectiveness in specific geological conditions. The "Others" segment within fluid type includes acid-based fracturing fluids and hybrid fluids. Acid-based fluids are used for wellbore stimulation by dissolving formation damage and enhancing well productivity. Their use in the MEA market is expected to be limited due to their corrosive nature and stringent regulations around handling and disposal. Hybrid fluids, combining elements of different fluid types, might see niche applications in the MEA market for addressing specific wellbore challenges. The segmentation by well type in the MEA hydraulic fracturing market is likely to be heavily influenced by the geological formations targeted for unconventional resource development. Horizontal wells are anticipated to be the dominant well type for hydraulic fracturing operations in the MEA region. Shale formations, a primary target for unconventional oil and gas resources, are often characterized by low permeability and require horizontal drilling with multiple lateral sections to maximize reservoir contact. This makes horizontal wells the preferred choice for efficient fracturing stimulation and economic hydrocarbon recovery. However, vertical wells might still be used in specific scenarios within the MEA market. These scenarios could include targeting conventional reservoirs or exploring unconventional resources in tight formations where horizontal drilling might not be technically feasible or economically viable. Additionally, some countries within the MEA, particularly those in the early stages of developing their unconventional resources, might utilize vertical wells for pilot projects or exploratory drilling before transitioning to horizontal wellbores for full-scale production. Based on the report, the Hydraulic Fracturing market is segmented into Plug & Perf and Sliding Sleeve on the basis of technology. Based on the report, the Hydraulic Fracturing market is segmented into Shale Gas, Tight Oil and Tight Gas on the basis of application. By technology, the MEA hydraulic fracturing market is likely to be dominated by Plug and Perf (PnP) for the foreseeable future. PnP is a well completion technique that involves perforating the wellbore casing and stimulating multiple zones along the wellbore length with hydraulic fracturing. This method is particularly suited for the complex and heterogeneous formations encountered in the MEA region. Unlike North America, where advancements in wellbore completion technologies have led to the wider adoption of Sliding Sleeve systems, the MEA market is still in its early stages of unconventional resource development. PnP offers a simpler and more cost-effective approach, making it favorable for initial exploration and development of shale and tight resources. However, as the industry matures and strives for wellbore optimization, a gradual shift towards Sliding Sleeve technology might be observed in specific applications. Sliding Sleeves offer greater zonal isolation and control during the fracturing process, potentially leading to improved well performance and production efficiency. When considering segmentation by application, the MEA hydraulic fracturing market presents a unique picture. While shale gas is often the primary target in established markets like North America, the MEA region exhibits a more diverse landscape. Tight oil development is expected to be a significant driver in the short to medium term. Countries like Oman possess substantial reserves of tight oil, and hydraulic fracturing offers a viable solution for unlocking these resources. Shale gas development is also gaining traction, with countries like Algeria and Morocco exploring their shale gas potential. However, the complex geology of these shale formations, often characterized by lower permeability and higher clay content compared to North American shale plays, necessitates a more cautious approach. Tight gas resources also hold promise in the region, with countries like Egypt looking to utilize hydraulic fracturing to enhance production from existing tight gas formations. Finally, the "Others" segment within the application category deserves mention. While not a dominant force currently, Coalbed Methane (CBM) extraction through hydraulic fracturing offers possibilities in specific regions with proven CBM reserves. Additionally, Enhanced Geothermal Systems (EGS) could emerge as a niche application in the future, leveraging hydraulic fracturing to improve permeability in geothermal reservoirs and enhance heat extraction for power generation.

Hydraulic Fracturing Market Regional Insights

Based on the report, the major countries covered include the UAE, South Africa, Saudi Arabia, and the rest of the Middle East and Africa. Saudi Arabia's position as the leader in the hydraulic fracturing (fracking) market within the MEA (Middle East and Africa) region can be attributed to a unique confluence of factors. Firstly, the Kingdom possesses the world's second-largest proven oil reserves, surpassed only by Venezuela. This vast resource base, coupled with Saudi Arabia's status as a leading oil producer and exporter, necessitates continuous exploration and development activities to maintain production levels and meet future global energy demands. Hydraulic fracturing, a well stimulation technique that enhances oil and gas production from unconventional reservoirs, has emerged as a critical tool for unlocking these resources in Saudi Arabia. Secondly, the discovery of the Jafurah unconventional gas field presents a significant growth driver for the Saudi Arabian fracking market. Jafurah, covering an area of approximately 17,000 square kilometers, is estimated to hold a staggering 200 trillion standard cubic feet of natural gas. Developing this unconventional resource requires extensive fracking operations, creating substantial opportunities for companies specializing in fracking technologies and services. The Saudi Arabian government has already announced plans to invest heavily in the Jafurah project, further propelling the growth of the domestic fracking market. Furthermore, Saudi Arabia's Vision 2030, a strategic framework aimed at diversifying the economy and reducing dependence on oil, plays a role in the fracking market's development. A key aspect of this vision is the development of a robust natural gas industry. Fracking technology enables the production of shale gas, a cleaner-burning alternative to traditional oil, which aligns with Saudi Arabia's goal of transitioning towards a more sustainable energy mix. Additionally, the natural gas produced through fracking can be used for various industrial applications, promoting economic diversification and reducing reliance on oil exports. It's important to acknowledge that the Saudi Arabian fracking market is not without its challenges. Environmental concerns regarding water usage and potential seismic activity associated with fracking require careful management and adherence to strict regulations. The Saudi Arabian government is actively addressing these concerns by implementing best practices and stringent environmental regulations for fracking operations. Additionally, the reliance on foreign expertise and technology within the domestic fracking sector presents an opportunity for knowledge transfer and the development of local capabilities in the long run.

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Companies Mentioned

  • velan holding co. ltd.
  • Baker Hughes Company
  • Saipem S.p.A.
  • Weatherford International plc
  • AFGlobal Corporation
Company mentioned

Table of Contents

  • 1. Executive Summary
  • 2. Research Methodology
  • 2.1. Secondary Research
  • 2.2. Primary Data Collection
  • 2.3. Market Formation & Validation
  • 2.4. Report Writing, Quality Check & Delivery
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Assumptions
  • 3.3. Limitations
  • 3.4. Abbreviations
  • 3.5. Sources
  • 3.6. Definitions
  • 4. Economic /Demographic Snapshot
  • 5. Global Hydraulic Fracturing Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share By Region
  • 5.3. Market Size and Forecast, By Fluid Type
  • 5.4. Market Size and Forecast, By Well Type
  • 5.5. Market Size and Forecast, By Technology
  • 5.6. Market Size and Forecast, By Application
  • 6. Middle East & Africa Hydraulic Fracturing Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Country
  • 6.3. Market Size and Forecast, By Fluid Type
  • 6.4. Market Size and Forecast, By Well Type
  • 6.5. Market Size and Forecast, By Technology
  • 6.6. Market Size and Forecast, By Application
  • 7. Market Dynamics
  • 7.1. Market Drivers & Opportunities
  • 7.2. Market Restraints & Challenges
  • 7.3. Market Trends
  • 7.3.1. XXXX
  • 7.3.2. XXXX
  • 7.3.3. XXXX
  • 7.3.4. XXXX
  • 7.3.5. XXXX
  • 7.4. Covid-19 Effect
  • 7.5. Supply chain Analysis
  • 7.6. Policy & Regulatory Framework
  • 7.7. Industry Experts Views
  • 7.8. UAE Hydraulic Fracturing Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Fluid Type
  • 7.8.3. Market Size and Forecast By Well Type
  • 7.8.4. Market Size and Forecast By Technology
  • 7.8.5. Market Size and Forecast By Application
  • 7.9. Saudi Arabia Hydraulic Fracturing Market Outlook
  • 7.9.1. Market Size By Value
  • 7.9.2. Market Size and Forecast By Fluid Type
  • 7.9.3. Market Size and Forecast By Well Type
  • 7.9.4. Market Size and Forecast By Technology
  • 7.9.5. Market Size and Forecast By Application
  • 7.10. Nigeria Hydraulic Fracturing Market Outlook
  • 7.10.1. Market Size By Value
  • 7.10.2. Market Size and Forecast By Fluid Type
  • 7.10.3. Market Size and Forecast By Well Type
  • 7.10.4. Market Size and Forecast By Technology
  • 7.10.5. Market Size and Forecast By Application
  • 8. Competitive Landscape
  • 8.1. Competitive Dashboard
  • 8.2. Business Strategies Adopted by Key Players
  • 8.3. Key Players Market Positioning Matrix
  • 8.4. Porter's Five Forces
  • 8.5. Company Profile
  • 8.5.1. Halliburton Company
  • 8.5.1.1. Company Snapshot
  • 8.5.1.2. Company Overview
  • 8.5.1.3. Financial Highlights
  • 8.5.1.4. Geographic Insights
  • 8.5.1.5. Business Segment & Performance
  • 8.5.1.6. Product Portfolio
  • 8.5.1.7. Key Executives
  • 8.5.1.8. Strategic Moves & Developments
  • 8.5.2. Schlumberger NV
  • 8.5.3. Baker Hughes Company
  • 8.5.4. Weatherford International plc
  • 8.5.5. AFGlobal Corporation
  • 8.5.6. Nextier Oilfield Solutions LLC
  • 8.5.7. Patterson-UTI Energy Inc
  • 9. Strategic Recommendations
  • 10. Annexure
  • 10.1. FAQ`s
  • 10.2. Notes
  • 10.3. Related Reports
  • 11. Disclaimer

Table 1: Global Hydraulic Fracturing Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Hydraulic Fracturing Market Size and Forecast, By Fluid Type (2018 to 2029F) (In USD Billion)
Table 6: Global Hydraulic Fracturing Market Size and Forecast, By Well Type (2018 to 2029F) (In USD Billion)
Table 7: Global Hydraulic Fracturing Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 8: Global Hydraulic Fracturing Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 9: Middle East & Africa Hydraulic Fracturing Market Size and Forecast, By Fluid Type (2018 to 2029F) (In USD Billion)
Table 10: Middle East & Africa Hydraulic Fracturing Market Size and Forecast, By Well Type (2018 to 2029F) (In USD Billion)
Table 11: Middle East & Africa Hydraulic Fracturing Market Size and Forecast, By Technology (2018 to 2029F) (In USD Billion)
Table 12: Middle East & Africa Hydraulic Fracturing Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 13: Influencing Factors for Hydraulic Fracturing Market, 2023
Table 14: United Arab Emirates Hydraulic Fracturing Market Size and Forecast By Fluid Type (2018 to 2029F) (In USD Billion)
Table 15: United Arab Emirates Hydraulic Fracturing Market Size and Forecast By Well Type (2018 to 2029F) (In USD Billion)
Table 16: United Arab Emirates Hydraulic Fracturing Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 17: United Arab Emirates Hydraulic Fracturing Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 18: Saudi Arabia Hydraulic Fracturing Market Size and Forecast By Fluid Type (2018 to 2029F) (In USD Billion)
Table 19: Saudi Arabia Hydraulic Fracturing Market Size and Forecast By Well Type (2018 to 2029F) (In USD Billion)
Table 20: Saudi Arabia Hydraulic Fracturing Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 21: Saudi Arabia Hydraulic Fracturing Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 22: Nigeria Hydraulic Fracturing Market Size and Forecast By Fluid Type (2018 to 2029F) (In USD Billion)
Table 23: Nigeria Hydraulic Fracturing Market Size and Forecast By Well Type (2018 to 2029F) (In USD Billion)
Table 24: Nigeria Hydraulic Fracturing Market Size and Forecast By Technology (2018 to 2029F) (In USD Billion)
Table 25: Nigeria Hydraulic Fracturing Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)

Figure 1: Global Hydraulic Fracturing Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Hydraulic Fracturing Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Hydraulic Fracturing Market Share By Region (2023)
Figure 6: Middle East & Africa Hydraulic Fracturing Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Middle East & Africa Hydraulic Fracturing Market Share By Country (2023)
Figure 8: UAE Hydraulic Fracturing Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Saudi Arabia Hydraulic Fracturing Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Nigeria Hydraulic Fracturing Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Hydraulic Fracturing Market

Hydraulic Fracturing Market Research FAQs

The growing adoption of Industry 4.0 principles and the rise of Smart Factories in Europe will significantly drive the demand for various sensors. These factories rely heavily on sensor data for real-time monitoring, process automation, and predictive maintenance. Industry professionals must stay informed about evolving Industry 4.0 trends and adapt their sensor offerings accordingly.

The European Union's ambitious environmental goals are creating opportunities for specific sensor applications. For instance, there is a growing demand for sensors for air quality monitoring, pollution control systems, and smart grids that optimize energy usage. Sensor manufacturers that cater to these sustainability needs can gain a competitive edge.

The European population is aging rapidly, and there's a rising need for remote patient monitoring solutions. This trend is driving the demand for wearable sensors that can track vital signs, activity levels, and other health data. Sensor manufacturers can capitalize on this trend by developing user-friendly and cost-effective wearable sensor solutions.

Several factors influence sensor prices in Europe. These include the type and complexity of the sensor, economies of scale in production, and the cost of raw materials. Additionally, competition within the market plays a role, with a higher number of sensor providers potentially leading to more competitive pricing.

Sensor technology often involves the collection and transmission of data. Strict data privacy regulations like GDPR (General Data Protection Regulation) in Europe necessitate that sensor manufacturers prioritize data security and user privacy. Companies must ensure compliance with these regulations to avoid market disruptions.
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Middle East & Africa Hydraulic Fracturing Market Outlook, 2029

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