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Global Proppant Market – Analysis and Forecast (2020 - 2027)

<br>Proppant is extensively being utilized in cold bed methane and hydraulic fracturing of tight and shale gas. Moreover, increasing demand for proppant and progressions in fracturing technologies are the major factors that are driving the growth of global proppant market. Furthermore, with the development of multi-stage fracturing that is resulting into increasing number of stages in fracturing that is enhancing the utilization of proppant that is ultimately enhancing the demand for this market globally.<br><br>Increasing popularity of ceramic proppant such as crush resistance, high strength and condu

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Global Proppant Market – Analysis and Forecast (2020 - 2027)

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  1. Global Proppant Market

  2. About VynZ Research… • VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. We have a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. • VynZ Research has one of the most qualified & experienced analysts, who are constantly tracking the markets and the technologies. The research team has years of proven experience and wide knowledge & understanding of the technology, application, business models, and regulators of the segments and the value chain involved. • A trusted & proven methodology that involves highest quality of primary research, secondary analysis collated & verified through various sources including cross checking with different industry experts. • Serving wide range of customers most of them from Fortune 2000 companies • With a dedicated 24x7 customer helpline our customers can reach for specifying their needs • Developing long term relationship with the clients and satisfying them is one of the crucial notches of the company. VynZ Research aims at gaining and retaining its clients in order to make long term customer relationship.

  3. Global Proppant Market Proppant is extensively being utilized in cold bed methane and hydraulic fracturing of tight and shale gas. Moreover, increasing demand for proppant and progressions in fracturing technologies are the major factors that are driving the growth of global proppant market. Furthermore, with the development of multi-stage fracturing that is resulting into increasing number of stages in fracturing that is enhancing the utilization of proppant that is ultimately enhancing the demand for this market globally. Increasing popularity of ceramic proppant such as crush resistance, high strength and conductivity are the major factors driving the growth of global proppant market over the estimated period. Additionally, the increasing number of horizontal wells in North America is further accelerating the demand for proppant per well which is ultimately impacting the market growth of proppant in a positive manner.

  4. Global Proppant Market High transportation cost of proppants and stringent regulations implemented by the government authorities are focusing upon decreasing hydraulic fracturing as it leads to harmful environmental influence and contamination of ground water that can ultimately diminish the growth of this market. However, these factors are expected impact market growth of proppant in a negative manner. Geographically, North America have been contributing largest revenue in the proppant market due to extensive drilling and completion events for shale plays observed in the countries such as the U.S. and Canada. Moreover, improved technology and efficiencies have further permitted completion activity to alter the breakeven costs in the favor of manufacturers in this region.

  5. Global Proppant Market Asia-Pacific is expected to witness highest CAGR during the forecast period 2019–2024 due to the existence of massive reserves of shale gas and hydraulic fracturing projects in countries such as China, India and Australia. The government of India and China has also announced several developmental plans for shale gas reserves as 12th five-year plans that are expected to impact positively on the market growth. Additionally, in Russia the demand for ceramic proppant is expected further evolve due to increasing hydraulic fracturing activities focused upon unconventional oil. The key players operating in the global proppant market include Fores, Preferred Sands, Saint-Gobain Proppants Inc., CARBO Ceramics Inc., Superior Silica Sands LLC, Bagder Mining Corporation, JSC “Borovichi Refractories Plant”, Unimin Corporation, U.S. Silica Holdings Inc., and Fairmount Santrol Holdings Inc.

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