Lucintel Forecasts the Global Proppant Market to Reach $13.3 billion by 2030
Lucintel Forecasts the Global Proppant Market to Reach $13.3 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global proppant market looks promising with opportunities in the shale gas, tight gas, and coalbed methane markets. The global proppant market is expected to reach an estimated $13.3 billion by 2030 from $8.2 billion in 2024, at a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are growing demand for oil and natural gas, rising improvements in fracturing technology and new drilling techniques, and expanding abundance of unconventional oil and gas resources.
A more than 150-page report to understand trends, opportunity and forecast in proppant market to 2030 by type (frac sand, resin-coated proppant, and ceramic propant), ceramic propant (high strength ceramic proppant, intermediate strength ceramic proppant, light weight ceramic proppant, and others), application (shale gas, tight gas, coalbed methane, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that frac sand is expected to witness the highest growth over the forecast period due to its rising usage to produce petroleum products such as oil and natural gas from rock formations that do not have sufficient pore space for the fluids to flow to a well.
Within this market, shale gas will remain the largest segment over the forecast period.
North America is expected to witness highest growth over the forecast period due to rising exploring unconventional crude oil reserves and presence of major consumers and exporters of oil and gas in the region.
Download sample by clicking on proppant market
Carbo Ceramics, COVIA, JSC Borovichi Refractories Plant, U.S. Silica, Hi-Crush, Mineracao Curimbaba, Emerge Energy Services, Xinmi Wanli Industry Development, Atlas Sand, HEXION are the major suppliers in the proppant market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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