Global Fracking Water Treatment Market
As per the GMI Research report, the Fracking Water Treatment Market will encounter an elevating growth over the forecast period. This is because of the mounting demand of natural gas amid industrial areas and rising consciousness to impede groundwater pollutants.
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Fracking Water Treatment Market Dynamics
Fracking water treatment is a wastewater treatment produced from the hydraulic fracking function. The expansion in the oil and gas sector and rigorous norms concerned with the wastewater treatment produced during extrication of gas and mining activities throughout the nation are anticipated to proliferate the growth of the global fracking water treatment market size. Further, the surging demand of organic gas amid commercial and industrial sectors and the surging consciousness for impeding groundwater pollution will contribute to the market growth. The excessive consumption of water during fracturing procedures is another factor supplementing the market growth. Moreover, As per the Energy Information Administration (EIA), the worldwide demand for organic gas expanded by 1.5% 2018, and the manufacturing of natural gas in 2019 will expand at a growth rate of 2.7%. This will further strengthen the market size.
However, inflated price of the fracking water treatment procedure is restraining the market growth. Additionally, insufficient application areas of the water treatment will curb the market share.
Application Segment Drivers
As per the application segment, treatment & recycle application is projected to seize a prominent share in the market. This is because of the rising water scarcity and surging consumer consciousness regarding wastewater treatment. Moreover, the application of fracking water for subordinate purposes such as, road unrolling for dust control, irrigation, livestock watering, stream flow augmentation, and fire prevention will stimulate the market growth.
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