Proppant Market by Research Assumptions and Limitations - Global Forecast to 2022

The report "Proppant Market by Type (Frac Sand Proppant, Resin-coated Proppant, Ceramic Proppant), and Region (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa) - Global Forecast to 2022", is projected to reach USD 9.87 Billion by 2022, at a CAGR of 6.9% between 2017 and 2022. The market is majorly driven by the increasing demand for proppant in hydraulic fracturing of shale gas, tight gas, and coal bed methane.

Proppant is majorly classified into three types, namely, frac sand, resin-coated, and ceramic. Frac sand is the most widely used type of proppant, due to its easy availability and low cost. Ceramic proppant is the fastest-growing type segment since ceramic proppant has high strength to withstand closure pressures up to 15,000 psi.

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Key Target Audience:

• Proppant Manufacturing Companies
• Traders, Distributors, and Retailers
• Raw material SUPPLIERS
• Commercial R&D Institutes
• Research Institute, Trade Association, and Government Agencies

Companies are focusing on acquisitions as a key strategy to increase their market share and cater to the increasing demand for proppant. For example, Hi-Crush Partners LP (U.S.) acquired Permian Basin Sand Company, LLC (U.S.). Permian Basin Sand Company, LLC (U.S.) company owned a 1,226-acre frac sand reserve, which has an output of about 55 million tons of 100 mesh frac sand. The acquisition has enabled Hi-Crush Partners LP to increase their regional presence.

Based on type, ceramic proppant is estimated to be the fastest-growing segment of the proppant market

Ceramic proppant is estimated to be the fastest-growing type segment of the proppant market. Ceramic proppant is manufactured from sintered bauxite, alumina, kaolin, and magnesium silicate. It can withstand closure pressures up to 15,000 psi, owing to its high strength and complex molecular structure. In addition, it has a consistent size that results in improved porosity and permeability of proppant bed. Hence, ceramic proppant is superior to other types of proppants.

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Key companies profiled in the proppant market research report are Carbo Ceramics Inc. (U.S.), Saint-Gobain Proppant Inc. (U.S.), JSC Borovichi Refractories Plant (Russia), Yixing Orient Petroleum Proppant Co., Ltd. (China), U.S. Silica Holdings Inc. (U.S.), Hexion Inc. (U.S.), China GengSheng Minerals, Inc. (China), Fairmount Santrol Holdings Inc. (U.S.), Hi-Crush Partners LP (U.S.), Superior Silica Sands LLC, and Mineração Curimbaba Ltda. (Brazil).