Global Proppants Market is expected to reach 96.03
million tons by 2020,
according to a new study by Grand View Research, Inc. Growing drilling and
completion activities for shale gas in the U.S. and Canada is expected to drive
market growth over the next six years. In, addition advent of multiple stage
fracturing resulting in higher consumption of proppants per stage is expected
augment demand over the forecast period. In addition, large technically recoverable
shale gas reserves in China, Australia, Algeria and Russia is expected to
promote market growth.
Sand
was the largest product segment accounting for over 75% of market share in
2013. Sand is expected to witness demand growth owing to its low cost and high
availability in comparison to other proppants. Ceramic proppants are expected
to witness significant demand growth over the next six years on account of
superior properties including high strength, crush resistance and conductivity
resulting in increased use for shale plays.
Full
Research Report On Global Proppants Market Analysis:
Further
key findings from the study suggest:
- Shale gas was the
largest application segment in 2013 and is expected to witness swift
growth over the forecast period due to large recoverable reserves in
China, U.S., Algeria, Argentina, Mexico and Australia. Increasing
application scope of proppant in shale gas extraction on account of the
latter being used in transportation and power generation is expected to
propel market growth over the forecast period.
- North America was the
largest regional market, accounting for over 75% of global demand in 2013.
The market is expected to witness significant growth over the next six
years owing to growth in shale gas production coupled with increase in
fracturing jobs per year.
- Asia Pacific is expected
to witness fastest growth, at an estimated CAGR of over 12% from 2014 to
2020, owing to high potential of shale gas reserves in China coupled with
large coal bed methane reserves in Australia. Regional growth can be
attributed to favorable government policies to develop shale gas reserves
in India and China.
- Key market participants
include U.S. Silica, Carbo Ceramics, Momentive, Fairmount Santrol, Hi
Crush LP Partners, Fores, Saint-Gobain and Preferred Sands. Preferred
Sands and Dow Chemicals Company announced the production of an effective
proppant solution that meets OSHA standard and limits silica dust
exposures. Various companies focus on technological advancements to
produce eco-friendly proppants which would offer increased fracture flow
capacity and enhance hydrocarbon recovery.
For the purpose of this study, Grand
View Research has segmented the Global Proppants Market on the basis of
product, application and region:
Global Proppants Product Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Sand
• Resin Coated
• Ceramics
Global Proppants Application Outlook (Volume, Kilo Tons; Revenue, USD
Million, 2012 - 2020)
• Shale Gas
• Tight Gas
• Coal Bed Methane
• Others
Global Proppants Regional Outlook (Volume, Kilo Tons; Revenue, USD Million,
2012 - 2020)
• North America
• Asia Pacific
• MENA
• RoW
View
Press Release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-proppants-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
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