Global Low Density Ceramic Proppant Market Size 2021 COVID-19 Impact Analysis by Business Opportunities, Applications, Geography, Growth Drivers, and Future Outlook till 2027: Ken Research
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As per analysis, Global Low Density Ceramic Proppant Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027. Some of the key companies operating in the global low density ceramic proppant market include CARBO, Fores, Mineracao Curimbaba, Saint-Gobain, Badger Mining, CCRMM, Fineway Ceramics, Imerys SA and among others. Key players active in the market take into account various factors for instance support voltage, permeability and conductivity formation in order to maximize the efficiency of their operations.
Based on types, low density ceramic proppant market can be segmented as small mesh and large mesh. In addition, based on application, market can be segmented as construction and oil & gas sector. Oil & gas segment is anticipated to exhibit considerable growth rate due to rise in demand for hydraulic fracturing during the forecast period.
Rise in demand from oil & gas industry, followed by lower cost of the proppants compared to the resin-coated sand are some major factors and rise in demand for natural gas, which are responsible for growth of the low density ceramic proppant market. Apart from this, exploration of new hydraulic wells is relatively expensive, which may impact the market. Moreover, growth in technological advancements and innovation in the oil & gas industry is a leading opportunity for global market.
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Based on regional analysis, the North-America is a leading region in global low density ceramic proppant market owing to concentrated market of hydraulic fracturing across the region. Rising high prices coupled with recovery of natural gas will eventually prolong the oil company and ultimately act as drivers for the ceramic proppant market. Increased demand from oil exploration companies and the rebound in natural gas prices would prolong oilfield activity, which is expected to be a driver of the low-density ceramic proppant market throughout the forecast period. The Asia-Pacific and Europe regions are estimated to witness higher growth rate because of easy availability of raw materials over the forecast period. It is projected that future of the global low density ceramic proppant market will be optimistic on account of growth in construction activities during the forecast period.
Ankur Gupta, Head Marketing & Communications
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