Synthetic Proppants Market to Perceive Substantial Growth During 2018 – 2026

Proppant is a solid material designed to keep hydraulic fracture open during treatment. Hydraulic fracture is a widely used process in gas companies. Under the process, chemicals, injecting sand, and water are inserted into a well under carefully controlled conditions to crack or fracture solid rocks and release trapped gas deposits. Development of the hydraulic fracturing technology has led to the usage of proppants. Proppants are used during hydraulic fracturing to keep the fissures open for oil and gas to flow toward the well head. There are primarily three types of proppants: sand, resin-coated, and ceramic. The proppants market has been expanding in most of the emerging economies. The market entails significant investment. Traditional drilling methods incur high cost and can adversely affect the availability of resources. Synthetic proppants play a vital role in the extraction process by keeping the supplies of natural gas and oil unhindered. This is fuelling the proppants market.

Read report overview at: https://www.transparencymarketresearch.com/synthetic-proppants-market.html

Various types of proppants are used in the fraction process; however, synthetic proppants provide better performance under high pressure conditions in reservoirs at greater depth. This is anticipated to augment the synthetic proppants market during the forecast period. Rise in usage of proppants in the oil & gas industry has boosted the demand for proppants across the globe. However, implementation of stringent government regulations to reduce hydraulic fracturing due to its hazardous environmental impact is hampering the market.

Request to view sample of this report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=48204

Global Synthetic Proppants Market: Key Segments

Based on type, the synthetic proppants market can be segmented into ceramic beads, aluminum beads, sintered bauxite, coated sand, and others. Ceramic proppants are manufactured from kaolin clay or non-metallurgical bauxite, which is sintered to reduce the water content and increase density, roundness, and strength. Synthetic proppants provide an additional benefit; their specific gravity and grain size can be matched to the viscosity of the fracking fluid. Thus, enhanced properties of synthetic proppants are estimated to drive the market during the forecast period.

Global Synthetic Proppants Market: Applications

In terms of application, the synthetic proppants market can be divided into hale gas, tight gas, coal bed methane, and others. Increase in application of synthetic proppants in shale gas extraction due to its usage in transportation and power generation is projected to augment the market during the forecast period. Furthermore, presence of unexplored shale gas reserves in economies such as China, Argentina, Australia, Algeria, Saudi Arabia, and Brazil is likely to boost the demand for synthetic proppants during the forecast period.

Global Synthetic Proppants Market: Regional Outlook

In terms of region, the global synthetic proppants market can be segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to be a rapidly growing region of the synthetic proppants market owing to the rise in demand for these proppants in hydraulic fracturing application for exploration of unconventional natural oil and gas. Synthetic proppants are widely used, as they offer higher resistance to crushing. They also possess higher permeability under high confining stress. China, Japan, and India are the key countries of the synthetic proppants market. North America accounts for major share of the market. The market in the region is expected to expand significantly in the near future owing to the increase in drilling activities for shale gas in the U.S. and Canada. The market in Europe is anticipated to expand at a significant pace from 2018 to 2026, due to the increase in consumption of synthetic proppants in various applications in the region. Latin America and Middle East & Africa also constitute key share of the global synthetic proppants market.

Global Synthetic Proppants Market: Key Players

Prominent players operating in the global synthetic proppants market are Fortress Proppants Ltd, Fairmount Santrol, Badger Mining Corporation (BMC), U.S. SILICA, CARBO Ceramics, and Hi Crush LP Partners.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.