Proppant Market is growing at a CAGR of 12.4% & to reach $7 billion by 2018 - New Report by MarketsandMarkets
(PRWEB) November 29, 2013 -- The report, “Proppant Market - By Type (Fracturing Sand, Resin Coated and Ceramic Proppant) - Global Trends & Forecasts to 2017” defines and segments the global proppant market with analysis and forecasting of global volume (in million tons) and revenue (in $million) for proppant market. The major drivers for proppant market are the fact that the hydraulic fracturing technology increases production rate and adds to recoverable reserves; provides access to an energy strategy shift through natural gas and energy security by domestic supply. Water availability and public opposition are seen as major restraints to the proppant market.
Browse 90 market data tables & 23 figures spread through 200 pages and in-depth TOC “Proppant Market - Global Trends & Forecasts to 2017”.
http://www.marketsandmarkets.com/Market-Reports/proppant-market-802.html
Early buyers will receive 10% customization on this report.
North America holds major market share in global proppant market. R&D initiatives by American Government and favorable regulatory conditions for hydraulic fracturing have helped its market to grow to this level. In 2011, global proppant market was estimated at $3.8 billion which is expected to increase from $4.3 billion in 2012, to nearly $7 billion by 2017; with a CAGR of nearly 10.7% from 2012 to 2017. North America is expected to lead the global proppant production market with share of nearly 80% in terms of hydraulic horse power supplied by the year 2011.
In North America U.S. is the largest market, led by Carbo Ceramics (U.S.), Saint Gobain (U.S.), Momentive (U.S.), Badger Mining Corp. (U.S.), Atlas Resin Proppants (U.S.), etc.
In ROW Chinese players lead the market with low cost and high quality ceramic proppant manufacturing. They are currently supplying to the North American demand of proppants and the market share of Chinese suppliers is expected to grow in near future.
The proppant market is segmented in two regions namely North America and ROW. The proppant market is further segmented by regions and countries. On the next level proppant market is segmented by type of proppants in different regions. The report also touches various other important aspects of the market. It includes an analysis of the value chain, a Porter’s five forces analysis, the competitive landscape, a raw material analysis, and patent analysis. It also includes an analysis of the production cost.
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