About Proppants
Proppants are small-sized particles used to prevent the closing of fissures and fractures in a shale rock once it has been hydro-fractured. Two popular types of proppants are grains of silica sand (raw or resin-coated) and man-made (engineered) based on ceramic. The selection criteria of proppants depend on many factors because they have to pass through high pressures, temperatures, and fluids such as water (fresh and salt), oil, and gas. The most popular proppant selection factors are size, shape, strength, and density. Typical proppant sizes are between 8 and 140 mesh, i.e., 106 µm-2.36 mm. The proppant shape is important because it influence the final permeability through the fracture.
Technavio's analysts forecast the global proppants market to grow at a CAGR of 10.58% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global proppants market for 2015-2019. The report further provides data on the market based on the following:
Press Release
Technavio Announces the Publication of its Research Report – Global Proppants Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Proppants Market: Carbo Ceramics, Fores, Imerys, JSC Borovichi Refractories Plant, Mineração Curimbaba, Preferred Sands and Saint-Gobain Proppants
Other Prominent Vendors in the market are: All Energy Sand, Badger Mining, Mississipi Sand, Pyramax, US Silica and Yixing Orient Petroleum Proppant
Commenting on the report, an analyst from Technavio’s team said: “China has a good base of ceramic proppants produced by reputed global manufacturers. Since China has abundant availability of ceramic proppant raw materials, most of the world- renowned technology leaders have either set up manufacturing facilities in the country or are dependent on imports of raw materials from China. Chinese proppants are 15-20% cheaper than those from other countries such as India because of the low manufacturing costs.”
According to the report, though the crude oil market is going through a downswing, the increasing energy demand all over the world is expected to contribute to the growth of the hydraulic fracturing and proppant markets. After witnessing the shale gas boom in North America, many countries across the globe are exploring the unconventional method of oil and gas exploration for extraction.
Further, the report states that one of the major challenges in the global proppant market is the prevailing low international crude oil prices. The drop in crude oil prices makes shale extraction uneconomical, and as a result, the global proppant market revenues decline because of the reduction in the hydraulic fracturing activity.
Companies Mentioned
Carbo Ceramics, Fores, Imerys, JSC Borovichi Refractories Plant, Mineração Curimbaba, Preferred Sands, Saint-Gobain Proppants, All Energy Sand, Badger Mining, Mississipi Sand, Pyramax, US Silica, Yixing Orient Petroleum Proppant
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook