MARKET INTRODUCTION
Proppant is defined as a solid material which is designed to keep a hydraulic fracture open at the time of the hydrofracking treatment. It is required to keep the material carefully in terms of sphericity and size so as to maximize well productivity. Proppant products are widely used in hydraulic fracturing of unconventional gases, including shale gas, tight gas, and coal bed methane. The the growing use of proppant in the oil and gas industry has stimulated the demand for proppant across the globe.
MARKET DYNAMICS
The proppant market has witnessed significant growth owing to factors such as the growing demand for FRAC sand proppant. Further, growing demand for ceramic and resin-coated proppants is expected to boost the demand for proppant market. However, the rising cost of ceramic proppant is projected to hamper the proppant market growth over the projected period. Nevertheless, unconventional oil and gas reserves are further expected to fuel the growth of the market.
MARKET SCOPE
The "Global Proppant Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the proppant market with detailed market segmentation by type, application, and geography. The global proppant market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading proppant market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global proppant market is segmented on the basis of type and application. On the basis of type, the proppant market is segmented into FRAC sand proppant, resin-coated proppant and ceramic proppant. On the basis of application, the proppant market is segmented into shale gas, tight gas, coal-bed methane and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global proppant market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The proppant market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the proppant market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the proppant market in these regions.
MARKET PLAYERS
The reports cover key developments in the proppant market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from proppant market are anticipated to lucrative growth opportunities in the future with the rising demand for proppant in the global market. Below mentioned is the list of few companies engaged in the proppant market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the proppant market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Carbo Ceramics Inc.
- China Gengsheng Minerals, Inc.
- Fairmount Santrol Holdings Inc.
- Hexion Inc.
- Hi-Crush Partners Lp
- Minera??o Curimbaba LTD
- Saint-Gobain Proppants Inc.
- Superior Silica Sands LLC
- U.S. Silica Holdings, Inc.
- Yixing Orient Petroleum Proppant Co., LTD
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.