Proppants Market Size Is Predicted To Grow Swiftly By 2020 Globally: Grand View Research, Inc.
Grand View Research has announced the addition of "Proppants Market Analysis and Segment Forecasts To 2020" Market Research report to their Database.
Global Proppants Market is expected to reach 96.03 million tons by 2020, according to a new study by Grand View Research, Inc. Growing drilling and completion activities for shale gas in the U.S. and Canada is expected to drive market growth over the next six years. In, addition advent of multiple stage fracturing resulting in higher consumption of proppants per stage is expected augment demand over the forecast period. In addition, large technically recoverable shale gas reserves in China, Australia, Algeria and Russia is expected to promote market growth.
Sand was the largest product segment accounting for over 75% of market share in 2013. Sand is expected to witness demand growth owing to its low cost and high availability in comparison to other proppants. Ceramic proppants are expected to witness significant demand growth over the next six years on account of superior properties including high strength, crush resistance and conductivity resulting in increased use for shale plays.
Browse full research report on Global Proppants Market: http://www.grandviewresearch.com/industry-analysis/proppants-market
Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
For the purpose of this study, Grand View Research has segmented the global proppants market on the basis of product, application and region:
Global Proppants Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-proppants-market
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