Press release
Proppants Market Outlook by Key Players, Industry Overview, Supply and Consumption Demand Analysis By 2021
Hydraulic fracturing is the process of generating fractures in a rock solid surface using pressurized fracture fluids, and proppants keep this fracture open while drilling for oil. This process is crucial in the extraction of liquids and gas, which cannot be easily extracted through normal drilling methods. The extraction is usually conducted in low permeable reservoirs of oil and natural gas. A proppant is one of the integral fluids after water that helps in the process of fracturing and makes it easier to extract oil and natural gas from permeable reservoirs.The market is expected to excel effectively from 2012 and is expected to register double digit growth rate during the forecasted period 2012 to 2018. The proppants market is largely concentrated in North America since the majority of oil extraction companies are located here. The proppants market is witnessing growth in most of the emerging and developed economies and huge investments are involved in the process. The traditional drilling methods incur high cost and can disturb the availability of the resource. Hence, proppants play a crucial role in the extraction process by keeping the supplies of natural gas and oil unhindered, which is fuelling the proppants market.
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
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Market growth drivers
Factors limiting market growth
Current market trends
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Market projections for upcoming years
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This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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