North American fracking wastewater treatment market to reach $350 million in 2018

July 14, 2014

As oil and gas production in North America keeps rising, turning the country into the largest energy producer in the world, the industry seeks more opportunities to optimize and reduce its water use.

As oil and gas production in North America keeps rising, turning the country into the largest energy producer in the world, the industry seeks more opportunities to optimize and reduce its water use. The technique known as hydraulic fracturing, or fracking, may have secured U.S. energy independence but it leaves companies with a major problem: treatment, disposal and reuse of fracking wastewater.

Public pressure and regulatory measures are driving the North American fracking wastewater treatment market forward, according to a new report by BCC Research. The report estimates that between 2013 and 2018 the total value of the North American market for treatment of fracking wastewater from oil and gas wells combined will reach $350 million, up on the $216 million recorded at the start of the period. This means that the market is projected to grow at a compound annual rate of more than 10 percent, making North America the biggest market for fracking wastewater treatment globally.

Taken separately, the market for treating wastewater from gas wells is expected to grow at a rate of 9.7 percent through 2018, from $156 million in 2013 to $248 million, whereas treating wastewater from oil-producing wells will reach $102 million in 2018, up on $60 million last year. This suggests a compound annual growth rate of 11.2 percent, the report said.

Sponsored Recommendations

2024 Manufacturing Trends — Unpacking AI, Workforce, and Cybersecurity

The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

State of Smart Manufacturing Report Series

The world of manufacturing is changing, and Generative AI is one of the many change agents. The 2024 State of Smart Manufacturing Report takes a deep dive into how Generative ...

Trying to Keep Pace with Supply Chain Disruption?

CPG manufacturers are struggling to keep up with supply chain disruptions. Learn how to build more resilient operations –and reduce demand shock.

Mitigating Cybersecurity Threats – Step-by-Step

Distributor Wesco adds services focused on identifying and solving OT network and security vulnerabilities in critical manufacturing.