CAGR of 9.2% of Ceramic Proppant Market size, forecast, share | Statistic 2022-2031
The proppants market is estimated to be USD 7.9 billion in 2020 and is projected to reach USD 12.2 billion by 2025, at a CAGR of 9.2% between 2020 to 2025.
The Proppants are hard materials designed to prevent hydraulic fractures from occurring during the fracturing process. These materials include sand, treated sand, and artificially made ceramic materials. The fracking fluid is usually enriched with proppants. The composition of the fluid can vary depending on the type of fracturing. For moderate-depth natural gas wells and other hydraulic fracturing procedures, low-density ceramic proppants are used.
This proppant is suitable for many applications because of its high conductivity. The demand for these proppants will rise due to the increasing demand from hydraulic fracturing operators for low-density ceramic proppants that can be used in closely spaced wells. End-use sectors are increasing their demand for natural gas, oil, and petroleum. This is significantly increasing the demand for low-density ceramic proppants. The market will also benefit from the lower price of proppants than resin-coated sand.
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Competitor analysis: Key Players
Contents in the report
– Upcoming trends up to 2031
– Major growth driving factors
– Covid-19 footprint on each regional market
Key regional contributors of Ceramic Proppant market are North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, South America.
Evaluation of each country’s business situation.
Each regional market has its consumption value and volume estimates.
Projections for the consumption volume, revenue, and growth rate of key geographies during the forecast period.
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Ceramic Proppant Market Breakdown by Type:
Ultra-Low density ceramic proppants
Medium density ceramic proppants
High density ceramic proppants
Ceramic Proppant Market breakdown by application:
Oil and gas sector
North America ( US, Canada, Mexico, Cuba)
Europe (Germany, France, UK, Russia, and Italy)
Asia ( India, Japan, China, South Korea, Bangladesh)
LAMEA (Latin America, Middle East, Africa)
Covid-19 impact on the industry
– The COVID – 19 crisis has created havoc and made many impacts on people’s life.
– Many governments worldwide have made policies and lockdowns for the sake of the people.
– The transportation and logistics situation is devastated around the globe.
– Covid-19 has brought health and food issues around the total world.
– People have gone jobless and many factories have got shut down because of a lack of human resources.
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