report Proppants Market provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. Using the industrial figures, the market finds growth figures between the forecast period from 2019 to 2024. In order to present an executive-level model of the market and its future perspectives, the report presents a clear segmentation based on different parameters. The factors that affect these segments are also discussed in detail in the report. The report Proppants Market provides market intelligence on the different segments of the Cat123 category.
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The market for North America proppants is expected to grow at a CAGR of 7.67 % during the forecast period of 2019–2024. Major factors driving the market are the improvements in fracking technology and the number of increasing shale gas production activities. Stagnant industrial growth in developed countries is expected to hinder the growth of the market studied.
The franc sand industry dominated the market in 2017 and is expected to grow during the forecast period.
There is expected to be a shifting of focus toward the usage of ceramic proppants in the future.
The United States dominated the market in North America. The demand from the United States is expected to expand at the fastest rate during the forecast period.
Proppants Market by Companies:
– Badger Mining Corporation, Baker Hughes (General Electric), Carbo Ceramics Inc., CoorsTek Inc., Covia Holdings Corporation, Eagle Materials Inc., EOG Resources Inc., Fores LTD, Halliburton, Hexion, Hi-Crush, Imerys, Preferred Proppants LLC, Saint-Gobain, Schlumberger Limited, Superior Silica Sands (Emerge Energy Services), U.S. Silica
Key Market Trends
Frac Sand to Dominate the Market
Frac sand proppants are the most widely used category for hydraulic fracturing in the market. Frac sand proppants are made out of highly pure and durable sand with round grains.
They are predominantly made out of sandstone or bauxite. Their size ranges from about 0.1 millimeter in diameter to 2 millimeters in diameter, depending on the requirement of the fracking job. A large portion of the frac sands produced in the United States is extracted from the sand mines of St. Peter Sandstone and Cambrian Jordan.
Frac sand accounts for more than 90% of the total proppants usage in the market, due to its efficiency, low cost, and availability. The market for frac sand proppants is expected to grow steadily, during the forecast period.
There is a considerable increasing demand for these proppants in the region, due to numerous favorable shale basins and increasing natural gas demand, in the region. Moreover, they are exported.
In addition, onshore North America and the Gulf of Mexico continental shelf have many oilfields that are about to reach their maturity; this is expected to further add to the proppants demand in the regions.
Overall, with the increasing number of aging fields, coupled with the increasing horizontal drilling and shale gas production activities, the amount of frac sand used per well is likely to increase, during the forecast period.
United States to Dominate the Market
The United States is one of the leading countries, globally, in terms of the exploration of unconventional crude oil reserves and application of hydraulic fracturing for the same. The quantity of oil produced from hydraulically fractured wells has been increasing significantly, in comparison to oil produced from conventionally-fractured wells. With the growing hydraulic fracturing applications in the country, especially for shale gas and tight oil purposes, the demand for proppants has been witnessing a positive impact. Frac sand is the most widely used proppant, while resin-coated and ceramic sands are used for specific applications that involve greater production depths and thermal resistance. With increase in the number of mature fields and the rising energy demand, proppants used in hydraulic fracturing are expected to witness growth, owing to the exploration of unconventional resources, such as coal bed methane, tight oil, etc. The increase in the production from mature fields is also expected to be the reason for the significant rise in the demand for ceramic proppants.
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Detailed TOC of Global Proppants Market – Growth, Trends, Forecast and Challenges (2019 – 2023)
- Research Methodology
- Executive Summary
- Market Overview and Trends of Proppants Market
- Market Dynamics of Proppants Market
- Global Proppants Market Segmentation, By Capacity
- Global Proppants Market Segmentation, By Material Type
- Global Proppants Market Segmentation, Segmented by Region
- Competitive Landscape and Introduction of Proppants Market
- Key Vendor Analysis (Overview, Products & Services, Strategies)
And Many More….
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