increasing demand for proppant and progressions in fracturing technologies are the major factors that are driving the growth of the global proppant market. Furthermore, the development of multi-stage fracturing is resulting in an increasing number of stages in fracturing that is enhancing the utilization of proppant that is ultimately enhancing the demand for this market globally.

The ceramic type has further been categorized into low-density, medium-density, and high-density materials. Ceramic proppant is developed from magnesium silicate sintered, alumina, kaolin, and bauxite. This proppant can withstand high closure pressure due to its complex molecular structure and high strength. Furthermore, it has a regular size that leads to improved sponginess and penetrability of proppant bed. Thereby it has been observed that the ceramic proppant is witnessing higher growth as compared to other types of proppants.

Based on application, the global proppant market is segmented into shale gas, tight gas, coal-bed methane, and others. Of all, the shale gas extraction category captured the largest market share in 2018 due to the large-scale utilization of the material in shale gas extraction.

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Additionally, the increasing number of horizontal wells in North America is further accelerating the demand for proppant per well which is ultimately impacting the market growth of proppant in a positive manner. Moreover, the introduction of various environment-friendly non-phenolic resin-coated proppants and enhancement in the process of hydraulic is upgrading flow capacity of fracture and further create ample opportunities for the proppant market to flourish across the globe.

High transportation cost of proppants and stringent regulations implemented by the government authorities are focusing upon decreasing hydraulic fracturing as it leads to harmful environmental influence and contamination of groundwater that can ultimately diminish the growth of this market. However, these factors are expected to impact the market growth of proppant in a negative manner.

Globally industry players are leveraging market growth through technological up gradation in order to develop environment-friendly proppants that enable increasing fracture flow capability and enhanced recovery of hydrocarbon.

North America has been contributing the largest revenue in the proppant market due to extensive drilling and completion events for shale plays observed in the countries such as the U.S. and Canada. Moreover, improved technology and efficiencies have further permitted completion activity to alter the breakeven costs in the favor of manufacturers in this region.

Fores, Preferred Sands, Saint-Gobain Proppants Inc., CARBO Ceramics Inc., Superior Silica Sands LLC, Badger Mining Corporation, JSC “Borovichi Refractories Plant”, Unimin Corporation, U.S. Silica Holdings Inc., and Fairmount Santrol Holdings Inc.

Source: VynZ Research