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Global Fracking Proppants market report, size, share, trends and forecast to 2028

According to Stratistics MRC, the Global Fracking Proppants Market is accounted for $156.57 billion in 2022 and is expected to reach $412.04 billion by 2028 growing at a CAGR of 17.5% during the forecast period. 

Fracking proppant is a hard material used to seize open cracks in the wellbore which are generated by the procedure of hydraulic fracturing, providing a conduit for hydrocarbons to access the wellbore.  Hydraulic fracturing involves the usage of a fluid mixture consisting of one or more additives, typically water as a base fluid and a proppant such as sand. The mixture is pumped into a well under pressure with the help of pumps at the surface to bring fractures in the target zone or the geological development.

Reversing drilling and hydraulic stimulation techniques have been the driving forces behind the recovery of unconventional energy resources including shale gas, tight sands gas, and coal bed methane. Natural gas is trapped in fine, isolated porosity and adsorbed onto the shale’s other organic elements. Because of the shale’s somewhat impermeable character, more surface area must be created in order to recover trapped natural gas in commercially acceptable volumes. Directional drilling allows high recovery rates from intersecting cracks in the shale, whereas hydraulic stimulation fractures the shale to offer the large surface area necessary for gas retrieval. Hydraulic stimulation, often known as “hydrofracturing” in the industry, is a crucial method for developing and maintaining high-permeability channels for resource recovery throughout the well’s life. This is generally accomplished by injecting slurry of surfactants, corrosives, and aggregates into the well bore under pressure to induce and sustain fractures. This acts as one of the drivers for the market growth.

By geography, Europe is projected to hold the largest market share during the forecast period, owing to the high-rise of hydraulic fracking in the province. Hydraulic fracking involves the use of proppants for the extraction of energy sources such as shale gas and tight gas. Furthermore, the rising demand for unconventional energy sources due to their several advantages over conventional sources in terms of pollution has led to the rise in hydraulic fracking along with horizontal drilling in the province. This has led to a rise in regional demand.

Some of the key players profiled in the Fracking Proppants Market include Yixing Orient Petroleum Proppant Co. Ltd, Unimin Corporation, U.S. Silica, Saint-Gobain, Preferred Sands, COVIA, Mineracao Curimbaba Ltd, Hi crush LP Partners, Fores Ltd, Fairmount Santrol, Carbo Ceramic, Baker Hughes, Atlas Resin Proppants LP, COVIA.

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By Fracturing Technologies:

  • Natural Induced Hydraulic Fracturing   
  • Polylactic Acid Base Fiber Technology   
  • Induced Hydraulic Fracturing

By Products:

  • Resin Coated Proppants
  • Ceramic Proppants 
  • Frac Sand

By Applications:

  • Coal Bed Methane 
  • Tight Gas 
  • Shale Gas 

 

Free Customization Offerings: 

All the customers of this report will be entitled to receive one of the following free customization options: 

  • Company Profiling 
  • Comprehensive profiling of additional market players (up to 3) 
  • SWOT Analysis of key players (up to 3) 
  • Regional Segmentation 
  • Market estimations, Forecasts and CAGR of any prominent country as per the client’s interest (Note: Depends on feasibility check) 
  • Competitive Benchmarking 
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances 

 

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Stratistics MRC offers a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

 

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