Proppant Market Investment Opportunities, Future Trends, Business Demand and Growth Forecast 2027
Proppant Market Overview:
Proppant Market by Manufacturers, Regions, Type, and Application, Forecast to 2027, is the product of intensive primary and secondary research conducted by Maximize Market Research. The study examines all of the market's major features, as well as the market's ever-changing trends, industrial environment, and leading characteristics. This research approach was used to analyze the global market, and the results were presented in a logical manner in this report.
Expected Revenue Growth:
Proppant Market reached a value of US $ 7.81 Bn. in 2020. Frac sand is one of the dominating segment of the Global Proppant Market.
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Proppant Market Scope:
Global Market research report includes critical data and analytical insights to provide a comprehensive perspective of the market size, share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, technology, types, and application. The study will also give stakeholders access to micro-market investment opportunities, as well as a thorough evaluation of the competitive landscape and significant competitors' product offers.
The qualitative and quantitative data in the market study might assist decision-makers in determining which market segments, regions, and driving variables are most likely to expand at a quicker rate, as well as key prospective areas. The competitive landscape of leading market players, as well as prospective market trends, are also examined in the report.
Proppant Market PESTEL Analysis:
Maximize Market Study's research includes a PESTEL Analysis, which aids in the growth of management strategies. Political variables can be used to determine how much a government can influence the market. Economic variables are used to examine the factors of economic performance that impact the market. Marketing data and techniques are aided by social media. Understanding the impact of the surrounding environment and the influence of environmental concerns on the market is aided by legal considerations.
Proppant Market Dynamics:
The global landscape of oil and gas production has undergone a major change as a result of the combination of horizontal drilling and multistage fracturing technologies. The trend of exploration and production companies adding additional sand at each stage of drilling and finishing their horizontals is one that is anticipated to pick up speed over time. Due to longer laterals and higher loadings per lateral foot, the average sand consumption per horizontal well has tripled since 2013, and this trend is anticipated to continue. Drilling proppants are in high demand due to the development of technologies that encourage the use of natural sand/Frac sand rather than ceramic sand. The price of raw materials is reduced by more than 50% when frac sand is used.
Proppant Market Segment Analysis:
Frac Sand, Resin Coated Proppant, and Ceramic Proppant are the types into which the Proppant Market is divided. In 2020, the Frac Sand segment accounted for 83 percent of the market. Its reduced cost in comparison to other types of proppant is primarily responsible for the category growth. One typical kind of proppant is frac sand. It's a naturally occurring, highly pure sandstone proppant. Most frequently, a closure pressure of 6,000 psi is employed with these proppants. They might have a diameter as small as 0.1 millimetres or as large as 2 millimetres, depending on the fracking process. The expanding use of frac sand in exploration and production industries is anticipated to fuel the expansion of the proppant market.
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Proppant Market Key Companies:
• Superior Silica Sands LLC
• Bagder Mining Corporation
• Unimin Corporation
• U.S. Silica Holdings Inc.
• Fores
• Preferred Sands
• Saint-Gobain Proppants Inc.
• CARBO Ceramics Inc.
• Fairmount Santrol Holdings Inc.
• Hi-Crush LP Partners
• Momentive
• Saint-Gobain
• Momentive Speciality Chemicals Inc.
• Borovichi Refractories Plant
• Mineracao Curimbaba Ltda.
• Yixing Orient Petroleum Proppant Co. Ltd
• China Gengsheng Minerals, Inc.
• Hexion Inc.
• SmartSand, Inc.
• ChangQing Proppant
• Eagle Materials Inc.
• Baker Hughes
The competitive landscape is an important factor that all key players should be aware of. The research illuminates the competitive climate of the global market, letting readers comprehend rivalry at both the domestic and global levels. Operational regions, production, and product portfolio are all significant factors. In addition, the businesses in the study are assessed based on key metrics including company size, market share, market growth, revenue, production volume, and profitability.
In addition to player market share analysis, in-depth profiling, product/service, and company description, the study focuses on BCG matrix, heat map analysis, Competitive Benchmarking, and SWOT analysis to better correlate market competition.
Proppant Market Regional Analysis:
With a 35 percent market share in 2020, the Asia Pacific region is projected to grow at a CAGR throughout the forecast period. the region's increasing demand for hydraulic fracturing in order to generate unconventional natural gas and oil The demand for products in the region is being driven by the Asia-Pacific region. Due to rising domestic demand for natural gas and oil, China dominates the Asia-Pacific area.
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