(I-BusinessNews.Com, June 19, 2017 ) According to Publisher, the Global Fracking Proppants market is estimated at $58.46 billion in 2015 and is expected to reach $143.46 billion by 2022 growing at a CAGR of 13.68% from 2015 to 2022. Industrial shift towards alternative energy resources is the key factor favouring the market growth. The increasing demand for energy and unconventional gas are the key drivers, whereas the high logistics cost is inhibiting the fracking proppants market growth. The future growth lies in potential explorable reserves. At present, proppant market is in surplus, so demand for proppant market continues to plunge due to culmination activities between operators and reduced drilling.
The frac sand proppants is the leading segment accounting for around 86% of the market share, leaving resin-coated proppants and ceramic proppants with around 14%. Majority of manufacturers are using proppants products due to their low cost and abundant availability. In application segment shale gas segment is anticipated to move at faster pace owing to large unexplored shale gas reserves across the globe and usage of shale gas in various industries. North America accounted for the highest market share as compared to other regions. The Asia Pacific region is expected to grow at a higher CAGR and is anticipated to account for the highest market share during forecast period owing to huge amount of unexplored shale gas reserves in China, Australia, India and favourable government policies in this region is favouring the growth of fracking proppants market in this region.
Regions Covered: - North America o US o Canada o Mexico - Europe o Germany o France o Italy o UK o Spain o Rest of Europe - Asia Pacific o Japan o China o India o Australia o New Zealand o Rest of Asia Pacific - Rest of the World o Middle East o Brazil o Argentina o South Africa o Egypt
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