New York , Nov. 08, 2023 (GLOBE NEWSWIRE) — The global hydraulic fracturing market size is slated to expand at 7% CAGR between 2023 and 2035. The market is poised to garner a revenue of USD 62 billion by the end of 2035, up from a revenue of USD 35 billion in the year 2022. The growing demand for oil in the world is expected to drive the market growth. This is expected to counterbalance OPEC+ output declines, with the EIA projecting a 1.4 million b/d increase in 2023 and a 1.7 million b/d increase in 2024.

(GlobeNewsWire)