Fracking Proppants Market Size, Share, Report, Analysis, Trends & Forecast to 2026
Nov 13, 2018
According to Stratistics MRC, the Global Fracking Proppants Market is accounted for $72.35 billion in 2017 and is expected to reach $265.81 billion by 2026 growing at a CAGR of 15.5% during the forecast period.
Gaithersburg, Maryland, U.S. - November 13, 2018 /MarketersMedia/ —
Growing demand for energy and changing focus towards unconventional gas are some of the key factors propelling the market growth. However, high cost of ceramic proppant and contamination concerns are inhibiting the market growth.
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Fracking proppant is a hard material used to seize open cracks in the wellbore which are generated by the procedure of hydraulic fracturing, providing a conduit for hydrocarbons to access the wellbore. Hydraulic fracturing involves the usage of a fluid mixture consisting of one or more additives, typically water as a base fluid and a proppant such as sand. The mixture is pumped into a well under pressure with the help of pumps at the surface to bring fractures in the target zone or the geological development.
On the basis of product, frac sand segment witnessed steady growth. Factors such as easy availability and low cost are favoring the growth of this segment. By geography, North America is anticipated to dominate the global market during the forecast period due to increasing hydraulic fracturing applications in the United States, especially for shale gas and tight oil purposes, which had a positive impact on the demand for proppants.
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Some of the key players in the Fracking Proppants Market include Baker Hughes, Saint-Gobain, Mineracao Curimbaba Ltd, Momentive, Fairmount Santrol, Carbo Ceramic, Unimin Corporation, U.S. Silica, Preferred Sands, Atlas Resin Proppants LP, Yixing Orient Petroleum Proppant Co. Ltd, Fores Ltd and Hi crush LP Partners.
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Fracturing Technologies Covered:
• Natural Induced Hydraulic Fracturing
• Polylactic Acid Base Fiber Technology
• Induced Hydraulic Fracturing
Products Covered:
• Resin Coated Proppants
• Ceramic Proppants
• Frac Sand
Applications Covered:
• Coal Bed Methane
• Tight Gas
• Shale Gas
• Other Applications
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
UK
Italy
France
Spain
Rest of Europe
Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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About Stratistics MRC
We offer wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services and Full Time Equivalent (FTE) services in the research world. We explore the market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.
Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.
Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
For more information, please visit http://www.strategymrc.com
Source: MarketersMedia
Release ID: 442578
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