Outlook for fracking chemicals good - Nexant

06 September 2012 18:26  [Source: ICIS news]

HOUSTON (ICIS)--Producers of specialty fracking chemicals will continue to see good growth prospects in North America despite increasing environmental challenges, consultancy Nexant said.

Nexant - which is working on an in-depth study of the market for fracking (hydraulic fracturing) chemicals - estimates that producers should see compound growth rates of about 10% over the next five to six years as gas firms expand shale gas output in North America, it said.

However, at the same time the market for fracking chemicals will change as legislators and regulators mandate new rules on the composition and use of those chemicals, Nexant said.

Fracking chemicals have been linked to contamination of drinking water supplies.  

Nexant expects to complete its study in the first quarter of 2013.

In related news on Thursday, an expert group in Germany recommended that the country should not ban fracking – as France did – but should rather impose strict rules on fracking and the use of fracking chemicals and fluids.

By: Stefan Baumgarten
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