Proppant Market Trends, Business Strategies, Regional Outlook, Challenges and Future Scope

With the surge in fracturing activities, on account of the discovery of new reservoirs of shale gas, the requirement for frac sand, which is a proppant, is rising sharply. As per the Railroad Commission of Texas (RRC), the number of wells that were completed during January–March 2017 was 1,925 and this number will rise to 2,712 during January-March 2018. This subsequently increased the requirement for frac sand. According to various reports, the demand for the material is predicted to rise from 45 million tons in 2016 to 110 million tons in 2018.

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This material is needed to break the pores in the reservoir for creating a vent, which will allow the shale gas to flow up to the surface. As frac sand is cheaper than other proppants, it is widely used all over the world. Besides this factor, the development of environment friendly and non-phenolic resin-coated materials is also creating lucrative growth opportunities for the players operating in the proppant market. As the phenolic-based resin-coated material causes various environmental issues such as the contamination of water, many companies like the Dow Chemical Company and Preferred Sands are developing non-phenolic resin-coated materials, which are highly eco-friendly.

There are mainly three types of proppants used across the world—resin-coated, sand, and ceramic. The ceramic proppants are further classified into high-density, medium-density, and low-density variants. Out of the three types of proppants, the demand for the sand materials was found to be the highest in 2017. This was because of their lower cost than the other variants. Moreover, these materials are extensively used by exploration and production (E&P) organizations in fracturing processes.

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Geographically, the demand for proppants was observed to be the highest in North America during the last few years. This was because of the moderate recovery in the prices of oil, emergence of longer laterals for boosting natural gas production, and increased material loading levels in the region. In the coming years, the demand for these materials is predicted to rise rapidly in the Asia-Pacific (APAC) region. This will be because of the soaring usage of the sand material in E&P activities and surging production of natural gas via unconventional methods in the region.

Thus, it can be said with surety that the demand for proppants will rise enormously in the coming years, primarily because of the surging usage of frac sand in fracturing activities, which are themselves booming owing to the discovery of various shale gas reservoirs, and increasing production of natural gas in several countries.

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