Proppant Market by Type (Frac Sand, Ceramic & Resin Coated) – Global Trends & Forecast to 2019
Proppant finds their usage in oil and gas industries for hydraulic fracturing. It is used in hydraulic fracturing to keep the cracks open. There are three types of proppants namely frac sand proppant, resin coated proppant, and ceramic proppant. These three proppants also come in different variants depending upon the mesh size; the most common among them are 20/40, 30/50, and 40/70. The selection of mesh size is dependent on the closure stress and the size of the well.
The current market demand is concentrated on frac sand proppant due to its easy availability and low cost. On the other hand, ceramic proppant market is the fastest-growing market, due to its ability to recover resources in extreme conditions. The drivers of this market are the increasing prices of crude oil which lead to the use of unconventional sources of energy. Another reason is improving fracturing technology which enables oil & gas company to recover more resources.
Complete report available@ http://www.rnrmarketresearch.com/proppant-market-by-type-frac-sand-ceramic-resin-coated-global-trends-forecast-to-2019-market-report.html
This report analyzes various marketing trends and establishes the most effective growth strategy in the market. It identifies market dynamics such as drivers, restraints, opportunities, burning issues, and winning imperatives. The major companies, such as Carbo Ceramics (U.S.), Unimin Corporation (U.S.), Santrol (U.S.), Fores LLC. (Russia), and U.S. Silica (U.S.) have also been profiled in this report.
Scope of the report
Proppant Market on the basis of types:
On the basis of region:
Rest of the World (RoW)
Please join StudyMode to read the full document