Proppant Market worth $19,022.71 Million by 2019, According to a New Study on ASDReports

Thursday 18 September 2014, Amsterdam

The report, now available on ASDReports, “Proppant Market by Type (Frac Sand, Ceramic & Resin Coated) - Global Trends & Forecast to 2019” report analyzes the global proppant market with respect to the market drivers, opportunities, and trends in different regions.

The proppant market significantly penetrates the oil & gas industry in fracturing activities. The North American region dominates this market with its growing demand for fracturing oil and gas wells. Frac sand proppant is dominant among all the three proppants available namely, frac sand, ceramic, and resin coated, in terms of consumption, due to its lower price.

North America is the largest region, both in terms of volume and value, followed by Asia-Pacific. The U.S., Canada, China, and Russia are expected to persist as successful proppant markets. The key players in the global proppant market are Carbo Ceramics (U.S), Unimin Corporation (U.S), U.S Silica (U.S), Hi-Crush Partners LP, and others.

The proppant demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies. Agreements and expansions is a key strategy adopted by the major market players.

The market size in terms of value of the proppant market (2013) was estimated to be about 45.12 million tons and is projected to reach 84.20 million tons by 2019, at a CAGR of 10.7% from 2014 to 2019. The high demand across the oil& gas industry is expected to increase the overall proppant consumption.

The proppant market is segmented into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. It is further segmented by countries. The market is also segmented by type of proppants. The report includes an analysis of the value chain, Porter’s five forces analysis, competitive landscape, and patent analysis.