Proppant Market

Proppant Market worth $9.9 billion by 2022

MarketsandMarkets: The Proppant Market size is projected to reach USD 9.9 billion by 2022, at a CAGR of 6.9% between 2017 and 2022. The increasing demand for proppant in hydraulic fracturing of shale gas, coal bed methane, and tight gas are driving the market.

Browse 67 market data Tables and 40 Figures spread through 131 Pages and in-depth TOC on "Proppant Market by Type (FRAC Sand Proppant, Resin-coated Proppant, and Ceramic Proppant) and Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa) - Global Forecast to 2022"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/proppant-market-802.html

The frac sand proppant type is projected to be the largest segment during the forecast period.

The frac sand proppant is projected to be the largest segment between 2017 and 2022. The increased demand, along with the low-cost and abundant availability of frac sand proppant are the major drivers of the segment. Operators are planning to consume even more proppant per lateral foot to continue driving IP and generate higher recovery rates. EOG Resources (U.S.), Whiting Petroleum (U.S.), and Murphy Oil Corp (U.S.) are some of the companies that reported improvements in well performance owing to the use of significantly higher amounts of frac sand per well.

North America is projected to be the largest market for proppants during the forecast period.

North America is projected to be the largest proppant market during the forecast period. The presence of large shale gas, tight gas, and coalbed methane reserves make North America the largest consumer of proppants. The US is the largest market in the region due to the concentrated hydraulic fracturing market in the country.

Key companies profiled in the proppant market research report are Carbo Ceramics Inc. (US), Saint-Gobain Proppant Inc. (US), JSC Borovichi Refractories Plant (Russia), Yixing Orient Petroleum Proppant Co., Ltd. (China), U.S. Silica Holdings, Inc. (US), Hexion Inc. (US), China GengSheng Minerals, Inc. (China), Fairmount Santrol Holdings Inc. (US), Hi-Crush Partners LP (US), Superior Silica Sands LLC (US), and Mineração Curimbaba Ltda. (Brazil).

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Report Code
CH 5223
PR Published ON
7/25/2019
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