Burlingame, CA, Aug. 18, 2025 (GLOBE NEWSWIRE) — The global hydraulic fracturing market is estimated to be valued at USD 53.62 Bn in 2025 and is expected to reach USD 82.29 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.3% from 2025 to 2032. The growing shale gas production in regions such as North America has been a major driver for the rising adoption of hydraulic fracturing techniques. In recent years, the market has experienced substantial growth, largely fueled by the increasing recovery of oil and gas from unconventional reservoirs through hydraulic fracturing.
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Global Hydraulic Fracturing Market Key Takeaways
According to Coherent Market Insights (CMI), the global hydraulic fracturing market size is expected to expand at a CAGR of 6.3% during the forecast period, reaching over USD 82.29 Bn by 2032, up from USD 53.62 Bn in 2025.
Based on well type, horizontal segment is set to dominate the industry, capturing a market share of nearly one-third in 2025.
Plug & perf remains the most popular technology, accounting for more than half of the global hydraulic fracturing market share in 2025.
Onshore segment is likely to hold a prominent market share of 68% by the end of 2025.
North America, with a projected share of 38.1% in 2025, is expected to maintain its dominance in the global market.
Asia Pacific is poised to become the most lucrative market for hydraulic fracturing companies during the forecast period.
Growing Energy Demand Fueling Hydraulic Fracturing Market Growth
Coherent Market Insights’ new hydraulic fracturing market analysis outlines major factors fueling industry growth. One significant growth factor is the increasing demand for energy sources like oil and gas.
Global energy demand is rising significantly due to population growth, rapid urbanization, and industrial sector expansion. According to OPEC Secretary General Haitham Al Ghais, global demand for all forms of energy is projected to rise by 23% through 2045.
This surge in global energy demand is expected to stimulate growth in the hydraulic fracturing market during the forecast period. Hydraulic fracturing, or hydrofracking, has become an ideal technology for unlocking vast reserves of energy from unconventional sources.
Environmental Concerns and Rise of Renewable Limiting Market Growth
The prospective hydraulic fracturing market outlook looks promising. However, rising environmental concerns as well as adoption of renewable energy sources may limit market growth to some extent.
Hydraulic fracturing has been linked to groundwater contamination and induced seismic activity. These environmental issues restrict its acceptance, particularly in regions facing water scarcity, potentially reducing overall hydraulic fracturing market demand.
Similarly, ongoing shift toward renewable energy sources like solar and wind, driven by falling costs and technological advancements, is expected to decrease fossil fuel demand. This transition could ultimately slow the growth of the hydraulic fracturing market.
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Shift Towards Unconventional Energy Resources Creating New Opportunities
Rising focus on utilizing unconventional energy resources has put hydraulic fracturing technologies into the spotlight. Hydraulic fracturing has become a highly sought-after process for shale production across key regions of …