The proppant market is projected to reach USD 9.87 billion by 2022, at a CAGR of 6.9% between 2017 and 2022.Proppant is a treated sand or engineered ceramic material, which is used to keep fractures propped open after a fracturing treatment. Hence, it is called propping agent. It is majorly used in hydraulic fracturing of shale gas, tight gas, and coal bed methane. Different types of proppants, such as frac sand, resin-coated, and ceramic proppants have different mechanical strengths to withstand high closure pressures ranging from 6,000 psi to 20,000 psi.
Proppant is a solid material manufactured by processing of raw materials, such as silica sand, calcined bauxite, kaolin, and magnesium silicate. Key factors expected to drive the growth of the market include increasing consumption of proppant per well, innovation in proppant technologies, and improvement in the fracturing technologies.
Acquisition was a key strategy adopted by the major players to achieve growth in the proppant market between 2014 and 2017. Some of the major players in the proppant market include Carbo Ceramics Inc. (U.S.), Saint-Gobain Proppant Inc. (U.S.), JSC Borovichi Refractories Plant (Russia), Yixing Orient Petroleum Proppant Co., Ltd. (China), U.S. Silica Holdings Inc. (U.S.), Hexion Inc. (U.S.), China GengSheng Minerals, Inc. (China), Fairmount Santrol Holdings Inc. (U.S.), Hi-Crush Partners LP (U.S.), and Mineração Curimbaba Ltda. (Brazil). Besides acquisition, companies also adopted expansions, new product developments, and agreements as strategies to expand their product portfolio, strengthen their distribution network, and expand their customer base.
Key Target Audience:
Proppant Manufacturing Companies
Traders, Distributors, and Retailers
Raw material SUPPLIERS
Commercial R&D Institutes
Research Institute, Trade Association, and Government Agencies
Download PDFBrochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=802
Carbo Ceramics used new product development and agreement as its major strategies to cater to the increasing demand for proppant products from its customers. In 2015, Carbo Ceramics introduced KRYPTOSPHERE LD, which is a lower density ceramic proppant with closure pressures ranging from 6,000 psi to 14,000 psi. This product enabled the company to make available the superior conductivity of KRYPTOSPHERE to a wider range of reservoirs. In the same year, Carbo Ceramics entered into a Letter Agreement with a frac sand supplier to purchase a minimum of 123,203 tons and 116,599 tons of frac sand in 2015 and 2016 respectively. This frac sand was used by the company’s Marshfield, Wisconsin plant.
Ceramic proppant is estimated to be the fastest-growing type segment of the proppant market. Ceramic proppant has high strength to withstand closure stresses up to 15,000 psi of wells. In addition, it has a consistent size that results in improved porosity and permeability of proppant bed.
Asia-Pacific is the fastest-growing market for proppant, followed by South America. The high demand for proppants in the Asia-Pacific region can be attributed to the rising oil and gas demand in the region. The proppant market in Asia-Pacific is projected to witness the highest growth during the forecast period, due to the rising government support to increase domestic natural gas production through exploration of large shale gas and coalbed methane reserves.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : +1-888-600-6441
Email: [email protected]