Global Proppants Market-Growth, Trends, and Forecasts (2017-2022)

Summary

Orbis Research Present’s Global Proppants Market-Growth, Trends, and Forecasts (2017-2022) has been prepared based on an in-depth market analysis with inputs from industry experts.

Description

The Global Proppants Market was valued at USD XX.XX in 2017 and is projected to reach USD XX.XX by 2022, at a CAGR of 14.0% during the forecast period from 2017 to 2022.

Proppants are the sand or other granular substances that are injected into fractures to hold or open formation fractures which are created by hydraulic fracturing. Although proppants have been used in oil and gas production for 70 years, the recent emergence of horizontal drilling technology with multistage hydraulic fracturing in shale gas extraction has created new opportunities for growth in the mid-2000s. They exhibit a good performance in most conditions except in wells with high closure pressures.

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Market Dynamics of the Global Proppants Market

Drivers:

Improvements in the fracturing industry

Emergence of new drilling techniques that employ proppants

Restraints:

Cost factor

Strict environmental norms on the usage of proppants

Global Proppants Market Segmentation

The global proppants market is segmented on the basis of type (frac sand, resin coated, and ceramic) and on the basis of geography (North America (USA, Canada, Mexico), Europe (Russia, Poland, United Kingdom, France), Middle East & Africa (Algeria, South Africa, Libya, others), Asia-Pacific (China, Australia, India, others), South America (Argentina, Brazil, others), and the Rest of the World). The frac sand segment is the most inexpensive kind and accounts for 80.0% share of the demand.

This demand is expected to continue to account for the largest chunk of the market due to its cost advantages. The ceramic proppants will be limited to areas requiring high performance products because of its high cost. Their market is expected to grow at a CAGR of 15.0% owing to their reliability in extreme conditions. Resin coated proppants are also expected to grow at a CAGR of 12.0% due to the relative cost advantages over ceramic proppants and performance advantage over frac sand. Improved fracturing techniques have allowed sand to be used in applications previously thought to be beyond its performance range.

The global demand for proppants has increased more than ten times since the advent of shale gas. Proppants have provided further momentum to the drilling and completion activities as a result of the spike in crude oil prices and success of early ventures in horizontal drilling. North America is the largest consumer of proppants and accounted for 80.0% of the market share in 2013. The region is further expected to witness a high growth in the coming future, owing to the high growth potential of the U.S market. China and Russia have the largest reserves in the Asia-Pacific and Europe respectively. As a result of available reserves and rise in the number of new hydraulic fracturing sites the market is expected to further contribute towards a healthy growth in the near future.

The report studies the major market players for insights into the recent developments, financials and products & services offered. Some of the key players in this market are:

Badger mining

Superior Silica Sands

Texas Silica

U.S. Silica Holdings

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Key Deliverables in the Study

Market analysis for the global proppants market, with region specific assessments and competition analysis on a global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the global proppants market on both global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

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