Global Proppants Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Proppants market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- SAINT-GOBAIN PROPPANTS
- HEXION INC.
- SUPERIOR SILICA SANDSHALLIBURTON
- BAKER HUGHES
- CARBO CERAMICS
- UNIMIN CORPORATION
- BOROVICHI REFRACTORIES PLANT (BORPROP)
- BADGER MINING
- HI-CRUSH PARTNERS LP
- MOMENTIVE SPECIALITY CHEMICALS INC.
- YIXING ORIENT PETROLEUM PROPPANT CO. LTD
- SUPERIOR SILICA SANDS
- TEXAS SILICA
- U.S. SILICA HOLDINGS INC.
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Description of Proppants Market: The global proppants market is projected to grow at a CAGR of 7.1% during the forecast period, 2018-2023. The market demand for proppants is likely to be driven by the growing industrialization and increased need of energy, which has led to improvements in hydraulic fracturing technologies, followed by commercial extraction of unconventional gases, which has further resulted in significant growth in the demand for proppants. Proppants play an integral role in the fracking process
INCREASING USAGE OF FRAC SAND (QUANTITY PER WELL)
Frac sands are mixed with water and different chemicals to fracture shale formations to unleash oil & natural gas reserves. Companies like US Silica (a leading producer of silica sands and Frac sands) have produced an even more premium quality frac sand that is coated with an oily resin, which allows crude oil to slip past more easily. The manufacturing of higher quality frac sands is further expected to increase the demand for frac sands. Furthermore, in response to the upcoming demand of frac sands, largest providers of fracking services like Halliburton, has more than doubled its fleet of ralicars and increased the capacity of its sand terminals where sand is reloaded from trains to trucks. The trend of further optimization techniques in fracking is increasing demand for frac sand in per well.
Frac Sand to Dominate the Market
Frac sand’s market share has increased from 80% in 2012 to ~95% in 2017 in the total proppants market by volume in North America, owing to its efficiency, low cost and availability. Frac sand proppants are the most widely used category of proppants for hydraulic fracturing in North America. Frac Sand proppants are made out of highly pure and durable sand with round grains. They are majorly made out of sandstone or bauxite. Their size ranges from about 0.1 millimeter in diameter to 2 millimeter in diameter, depending on the requirement of the fracking job.
United States to Lead the Market
The United States is estimated to account 71.7% market share by volume in North American region in 2017. The country is one of the leading country globally in terms of exploration of unconventional crude oil reserves and application of hydraulic fracturing for the same. The amount of oil produced from hydraulically fractured wells has been increasing significantly in comparison to the oil produced from the conventionally fractured wells. The number of hydraulically fractured wells has risen to approximately 300,000 with large contributions from the Bakken formation, Eagle Ford formation and Permian Basin.
The rising hydraulic fracturing applications in the United States, especially for shale gas and tight oil purposes has a positive impact on the demand for proppants. Frac sand is the most widely used proppant while resin-coated and ceramic sands are used for specific applications involving greater production depths and thermal resistance. Despite the recent drop in the crude oil prices, the natural gas exports of the country are propelling thus growing the production demand from the majorly producing Shale formations.
Proppants Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Proppants Market players in detail. Proppants Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
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The Global demand for Proppants Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Proppants Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Proppants Market Forecast (2018-2023):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Proppants Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
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