Global Proppants Market Research Report 2019-2024: New Fracking Techniques are Expected to Gain Momentum in the Coming Years, Creating a Positive Outlook
July 11, 2019 - 12:22 PM EDT
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Global Proppants Market Research Report 2019-2024: New Fracking Techniques are Expected to Gain Momentum in the Coming Years, Creating a Positive Outlook
The global proppants market reached a value of US$ 7.4 Billion in 2018. Looking forward, the market is further projected to reach a value of around US$ 10 Billion by 2024, registering a CAGR of 5.1% during 2019-2024.
The perpetual demand for oil and natural gas across both developed and emerging economies is one of the major growth-inducing factors of the proppants industry. Over the past decades, oil and natural gas were obtained using conventional extraction techniques. Since these resources have gradually depleted, there has been a subsequent rise in the adoption of unconventional oil and gas extraction techniques which require proppants for smooth flow of resources.
Moreover, manufacturers are introducing new fracking techniques like horizontal multistage fracturing. As these techniques are expected to gain momentum in the coming years, they are creating a positive outlook for the proppants market. Further, China has abundant availability of raw materials for manufacturing ceramic proppants. This, coupled with low production costs in the country, is encouraging several players to set up new manufacturing facilities in China.
Key Topics Covered
1 Preface
2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.4 Market Estimation 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Properties 4.3 Key Industry Trends
5 Global Proppants Market 5.1 Market Overview 5.2 Market Performance 5.3 Market Breakup by Product Type 5.4 Market Breakup by Application 5.5 Market Breakup by Region 5.6 Market Forecast
6 Market Breakup by Product Type 6.1 Resin Coated Sand 6.2 Ceramic Proppants 6.3 Frac Sand
7 Market Breakup by Application 7.1 Shale Gas 7.2 Tight Gas 7.3 Coal Bed Methane 7.4 Others
8 Market Breakup by Region 8.1 North America 8.2 Asia Pacific 8.3 Europe 8.4 Middle East and Africa 8.5 Latin America
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Related Topics: Oil and Gas Exploration and Production