The market report “Proppants Market by Types (Frac Sand, Resin-Coated Proppants and Ceramic Proppants), Ceramic Proppants (High Strength Ceramic Proppants, Intermediate Strength Ceramic Proppants, Light Weight Ceramic Proppants and Other Ceramic Proppants), Applications (Shale Gas, Tight Gas, Coalbed Methane and Other Applications) and Region – Forecast to 2028”. The proppants market is growing at a CAGR of 11.1% by 2028, owing to the demand for natural gas to ensure energy security.
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Based on type, the ceramic proppants segment is estimated to grow faster during the forecast period.On the basis of type, the market is categorised into frac sand, resin-coated proppants and ceramic proppants. Ceramic proppants segment is estimated to grow faster during the forecast period which can be attributed to the exploration activities in the oil wells which are deep, high in temperature and pressure.
Based on application, the shale gas segment is estimated to hold the largest market share during the forecast period.On the basis of application, the market is categorised into shale gas, tight gas, coalbed methane and other applications. Shale gas segment is estimated to hold the largest market share during the forecast period. Shale gas is a natural entity present in shale formations which are sedimentary rocks containing fossils. Its production has revived the natural gas industry across major countries which is the prime factor contributing to its large share.
By geography, North America is expected to dominate the marketOn the basis of geography, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is experiencing a dominant position in the proppants market. This is mainly attributed to the increased drilling and completion activities in the U.S. and Canada for shale plays.
The key players in this market are Carbo Ceramics Inc., Saint-Gobain Proppants Inc., U.S. Silica Holdings, Inc., Borovichi Refractories Plant, Yixing Orient Petroleum Proppant Co., Ltd., Mineração Curimbaba Ltda., China GengSheng Minerals, Inc., Fairmount Santrol Holdings Inc., Superior Silica Sands LLC, Hi-Crush Inc., Hexion Inc., Unimin Corporation, Preferred Sands LLC, Fores Ltd. and Badger Mining Corporation (BMC).
The exploration gives top to bottom investigation of the worldwide Proppants Market various development openings and division by types, applications, key players, and geography. As far as drivers, constraints, opportunities, trends, and competitive landscape. The analysis gives a strong platform to clients who need to enter the global market. The report additionally describes the market supply chain investigations, just as primary industry players’ cooperation and their future development information. The report contains a strategic recommendations in key business segments based on the market estimations, and the furthest down the line innovation to give a superior client experience. The worldwide xxx market surveying incorporates a total breakdown of country and regional break down, driving development, financials, and future advances.
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