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The increasing popularity of ceramic proppant such as crush resistance, high strength, and conductivity are the major factors driving the growth of the 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.
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This latest Global Proppant Marketreport created by VYNZ research is a comprehensive analysis of the Global Proppant Market for the projection period of 2021-2027. This report is an in-depth examination of various trends, drivers, restraints, challenges, and opportunities in the market. During the projection period, it is predicted that the global market will expand at a CAGR of 10.4%. This report is intended to assist leaders who use integrated marketing reports that include important data, such as the effects of COVID-19. While the epidemic has had a significant impact on the world and changed business conditions significantly. However, the paper evaluates the swift changes in the past, current, and future marketplaces.
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. Moreover, introduction of various environment friendly non-phenolic resin coated proppants and enhancement in the process of hydraulic is upgrading flow capacity of fracture and further create ample opportunities for the proppant market to flourish across the globe.
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. • 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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