Global Proppant Market Worth $7 Billion by 2017
DALLAS, October 24, 2012 /PRNewswire/ --
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 - By Type (Fracturing Sand, Resin Coated and Ceramic Proppant) - Global Trends & Forecasts to 2017".
Early buyers will receive 10% customization of 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.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services.
MarketsandMarkets covers thirteen industry verticals; including advanced materials [ http://www.marketsandmarkets.com/advanced-material-market-research-12.html ], automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, telecommunications and IT and aerospace & defence.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com
More by this Source
Aqua Feed Market Worth $106 Billion By 2018
May 21, 2013, 08:52 ET
Feed Enzyme Market Worth $1.2 Billion By 2018
May 21, 2013, 05:30 ET
Weight Loss/Obesity Management Market Worth $361 Billion by 2017
May 20, 2013, 07:30 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.