Proppant Market To Reach Usd 12 Billion By 2027 | Cagr 4.3% — Forencis Research

  • According to the new market research report Proppant Market by Type (FRAC Sand Proppant, Resin–Coated Proppant, and Ceramic), by Application (Shale Gas, Tight Gas, Coal-Bed Methane), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) — Global Forecast (2020 to 2027)”, the global proppant market is estimated to reach USD 12 Billion by 2027 at a CAGR of around 4.3% during the review period.
  • Proppant is a sand material, which helps to keep hydraulic fracturing open during the hydraulic fracturing treatment
  • It is used to close the fractures in bore well process. When the liquid mix of proppant, chemicals, and water is propelled into a well, the sudden impact opens fractures in the rock
  • With the increasing hydraulic fracturing activities, demand for FRAC sand is projected to increase due to the low-cost and abundant availability is expected to drive global proppant market
  • Development in fracturing technology and new drilling techniques is also one of the key driving factors that drive the global proppant market
  • Moreover, unconventional oil & gas reserves have expected to create a new market opportunity for key players in the proppant market
  • However, the high cost of ceramic proppant is likely to hamper the growth of the global proppant market
  • North America
  • Asia-Pacific
  • CARBO Ceramics Inc:
  • U.S. Silica

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