North America Proppant Market 2021 Statics and Future Growth Projections by 2026

The North America proppant market growth is driven by the increase in production of oil and shale gas. In addition, rise in industrialization due to technological advancement across the globe also boosts the growth of this market. The increase in demand for vehicles is anticipated to increase the crude oil production, globally. This in turn is expected to positively affect the demand for proppants. The North America proppant market industry is growing due to use of proppant sand for hydraulic fracturing is extending across the North America region.

However, growth of the North America proppant market is restrained by harmful effect of proppant pertaining to environment. The high cost of proppant restrains the growth of the proppant market. During hydraulic fracturing, there is significant amount of fluid leakage, which has adverse effect on environment and human health. This factor is expected to slow down the growth of the North America proppant market during the forecast period. Installing a new technology in the hydraulic fracturing is anticipated to provide healthy growth opportunities to the market during the forecast period.

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The proppant market is segmented into the type, application, and country. Based on type, the North America proppant market is divided into frac sand, resin-coated, sand and ceramic sand. Frac sand is highly pure sand. Resin-coated sand is an excellent material to produce cores and models in fracturing. Ceramic sand is used for hydraulic fracturing to extract oil or shale gas. North America proppant market share for frac sand is rise due to production is expected to growth over the forecast period. Based on application, the proppants market is categorized into shale gas, tight gas, oil extraction, and others.

North America proppant market size for proppant sand production is anticipated rise during the forecast period due to rising industrial application. Based on country, the market is analyzed across the U.S., Canada, and Mexico. Rising production of proppant in industrialization in over the North America countries is significantly boosting the North America proppant market growth.

Some of the key players operating in the proppant market include US Silica, Carbo Ceramic, Hi Crush LP, Epic Ceramic Proppant Ltd, Badger Mining Corporation, Fairmount Santrol, Halliburton, Hexion, Preferred Sands LLC., and Schlumberger Limite.

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