Proppant Market is estimated to grow at a CAGR of 6.42% for 2020 to 2027 with factors such as, increased cost of ceramic proppant and oversupply of crude oil restraining the market growth in the above mentioned forecasted period.
Proppant market has shown an exceptional penetration in developed economies in North America due to increasing drilling and completion activities in the U.S.
Proppant Market Scenario
According to Data Bridge Market Research proppant market is witnessing a significant growth in developed economies during the forecast period of 2020-2027 due to factors such as, rising proppant consumption per well, rising innovation in proppant technologies, rising demand for FRAC sand proppant and rising demand for ceramic and resin-coated proppants to enhance well economics, driving the market swiftly. Moreover, unconventional oil and gas reserves will further create opportunities for the proppant market in the above mentioned forecast period.
Now the question is which are the other regions proppant market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific proppant market to be their next revenue pockets for 2020. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the proppant market.
For more analysis on the proppant market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-proppant-market
Proppant Market Scope
Proppant market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- All country based analysis of proppant market is further analyzed based on maximum granularity into further segmentation. On the basis of type, proppant market is segmented into frac sand proppant, resin–coated proppant and ceramic proppant. Based on application, proppant market is segmented into shale gas, tight gas, coal bed methane and others.
- A proppant is a type of solid material, typically sand, treated sand or man-made ceramic materials, designed to keep an induced hydraulic fracture open, during or following a fracturing treatment. It is generally added to a fracking fluid which may vary in composition depending on the type of fracturing used, and can be gel, foam or slickwater–based.
To know more about the study https://www.databridgemarketresearch.com/reports/global-proppant-market
Key Pointers Covered in Proppant Market and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the report
- CARBO Ceramics Inc.
- Saint-Gobain, U.S
- Silica.
- JSC "Borovichi Refractories Plant"
- Superior Silica Sands
- Hi-Crush Inc.
- Hexion
- Covia Holdings Corporation
- Fores LTD
- Badger Mining Corporation
- SmartSand, Inc.
- ChangQing Proppant
- Eagle Materials Inc.
- Baker Hughes
- Halliburton
- Wanli Proppant
- Momentive
Above are the key players covered in the report, to know about more and exhaustive list of proppant market companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-proppant-market
Research Methodology: Global Proppant Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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