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.
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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.
The transportation of proppants to
their destination adds to the cost of the product. The quality also affects the
overall cost of the products and higher the grade, more is the cost of the
product. Hence, quality and transportation are the major hurdles for the growth
of this market across the globe. It is quite evident that the majority of the
market share is enjoyed by developed economies and hence, the developing
economies would definitely present better market opportunities for
proppants.
Some of the market players are Atlas
Resin Proppants, Borprop Proppants, Cadre Proppants, CARBO Ceramics, Dow
Corning Corporation, FTS International, Hi-Crush Partners LP and others.
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
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- 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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