Global Proppant Market: Key Highlights
Global Proppant Market: Key Market Dynamics
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Global Proppant Market: Regional Overview
North America is expected to account for the largest share in the global proppant market during the forecast period, owing to the presence of large gas and shale gas reserves. Moreover, presence of the major players such as CARBO Ceramics Inc., Saint-Gobain, U.S. Silica, Hexion, Fairmount Santrol, Hi-Crush Inc, and Superior Silica Sands is also contributing to North America for holding a leading position in the global proppant market.
Asia-Pacific is the second-largest market for the global proppant market and it is expected to grow at a higher CAGR during the forecasted period. This growth can be attributed to the presence of enormous shale gas reserves and hydraulic fracturing projects in China and Australia coupled with potential shale gas extraction projects in India and other Asian Countries. Moreover, government initiatives to develop shale gas reserves in near future in India and China is also projected to drive the proppant market in the Asia-Pacific region.
Global Proppant Market: Key Players Overview
CARBO Ceramics Inc. is a US-based company, produced and supplies ceramic proppant for the oil & gas industry. The company also provides foundry metal casting and industrial mining grinding. CARBO Ceramics Inc. develops and manufactures industry-leading technologies and across various industries including agriculture, automotive, construction, environmental, foundry, minerals, mining, municipal & industrial wastewater, retail & commercial, and many others.
U.S. Silica is a producer of commercial silica, a specialized mineral that is input into a range of end markets. The company majorly operates in two business segments Oil & Gas Proppants and Industrial & Specialty Products. Through the oil & gas proppants, business segment company serves the oil and gas recovery market providing fracturing sand, or frac sand, which is pumped down oil and natural gas wells to prop open rock fissures and manage the flow rate of natural gas and oil from the wells.
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