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Increasing need of
frac sand for extraction of petroleum fluids, rising usage of ceramic and resin
coated proppants to enhance productivity of wells, advancements in proppants
fracking technology, growing demand for energy, and perpetual requirement of
oil and gas are the factors driving the global demand for proppants, as
per the newly collated market research report by IndustryARC. According
to the report, the global proppants market was valued at $8.1 billion in 2018
and is projected to grow at a compound annual growth rate (CAGR) of 7.10%
during the forecast period 2019-2025.
The report is titled “Proppants
Market: By Product (Sand, Resin Coated, Ceramic); By Application (Shale Gas,
Tight Oil, Coal Bed Methane, Others); & By Geography - Forecast (2019-2025).”
It explains in detail the indispensable aspects of the market including market
drivers, market value chain, restraints, growth indicators, market trends,
challenges, future outlook, and market insights.
Proppants Market:
Leading Segments
North America held 71%
of the global proppants market share in in
2018. Increasing material loading levels, presence of enormous shale gas
reserves, growing number of aging fields, commercial extraction of
unconventional gases, large number of oil extraction companies, new investments
in proppants plants, introduction of longer laterals, and moderate recovery of
oil prices are some of the key factors propelling the growth of the North
America proppants market.
Proppants are classified into resin-coated, ceramic, and frac sand materials. Furthermore, proppants are classified based on their application into shale gas, tight gas, and coal bed methane. Frac sand it the most widely used category in the proppants market owing to its efficiency, low cost, easy availability, and broad applications. The frac sand segment is estimated to continue its dominance by growing at an outstanding CAGR of 54% through 2025.
Proppants Market
Disruptive Trends
· Improvements in Hydraulic Fracturing
Technology:
New technologies aim
to lower maintenance cost and reduce carbon footprints. The oil and gas
industry’s desire to spur production of unconventional resources are driving
the evolution of hydraulic fracturing technologies. The development of fracking
technology has led to the usage of proppants, eventually increasing the demand in
the proppants market.
· Horizontal multistage fracturing technique:
One of the major
factors spurring the growth of the proppants market is the development of
horizontal multistage fracturing technique. This technique has led to the
increasingly active use of unconventional resources, further propelling the
usage of proppants in the oil and gas industry.
Proppants Market:
Competitive Landscape
Momentive, Fores,
Borovichi Refractories Plant, Unimin Corporation, Saint Gobain, U.S. Silica
Holdings, Carbo Ceramics, Cadre, Hi crush LP Partners, Badger Mining
Corporation, and Mineracao Curimbaba Ltd are some of the major players in the
proppants market.
Talk to one of our
sales representatives about the full report by providing your details in the
link below:
https://www.industryarc.com/support.php?id=
16202
Related Reports:
A. Hydraulic Fracturing
& Services Market
B. Hydraulic Fracturing
& Services Market
What can you expect
from the report?
The proppants market is prepared with the main agenda to cover the following 20
points:
1. Market Size by
Product Categories & Application
11. Demand Analysis (Revenue
&
Volume)
2. Market trends &
Relevant Market
Data
12. Country level
Analysis
3. Manufacturer
Landscape
13. Competitor
Analysis
4. Distributor
Landscape
14. Market
Shares Analysis
5. Pricing Analysis
15. Value
Chain Analysis
6. Top 10 End user
Analysis
16. Supply
Chain Analysis
7. Product
Benchmarking
17. Strategic
Analysis
8. Product
Developments
18. Current
& Future Market Landscape
Analysis
9. Mergers &
Acquisition Analysis
19. Opportunity
Analysis
10. Patent Analysis
20.
Revenue and Volume Analysis
Q. Does IndustryARC
provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by
extracting data from our database of reports and annual subscription databases.
We can provide the following free customization:
1. Increase the level
of data in application or end user industry.
2. Increase the number
of countries in geography chapter.
3. Find out market
shares for other smaller companies or companies which are of interest to you.
4. Company profiles
can be requested based on your interest.
5. Patent analysis,
pricing, product analysis, product benchmarking, value and supply chain
analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team. Drop an e-mail to [email protected] to learn more about our consulting
services.
To request for a
quote, provide your details in the link below:
https://www.industryarc.com/reports/request-quote?id=16202
Media Contact:
Mr. Venkat Reddy
Sales
Manager
Email 1:
[email protected]
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About IndustryARC: IndustryARC is a Research and Consulting
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and Life Sciences and Healthcare.