Proppants are generally referred as solid materials designed to keep the induced hydraulic fracture open during the fracture process. The solid materials may be sand, treated-sand and artificially-manufactured ceramic materials. They are normally added to the fracking-fluid. They can vary in the composition that depends upon the fracturing type. Lightweight ceramic proppants or low density ceramic proppants are efficiently viable and are produced by high-quality oxidized kaolin clay and are refined in the existing ceramic proppants engineering plants. Silica proppants, resin-coated sands and ceramic proppants are three categories of proppants currently available and ceramic proppants are preferred over other proppant options because they are inherently tiny and have tremendous conductivity & strength. Low-density ceramic-proppants are usually used for modest depth natural gas wells & other hydraulic fracturing-processes. These proppants have high-conductivity that makes it suitable for numerous application areas. Growing demand from hydraulic-fracturing operators designed for low-density ceramic proppants for strongly spaced-wells is expected to fuel the market growth.
As per analysis, Global Low
Density Ceramic Proppant Industry Research Report 2021 Segmented by Major
Market Players, Types, Applications and Countries Forecast to 2027. Some of
the key companies operating in the global low density ceramic proppant market
include CARBO, Fores, Mineracao Curimbaba, Saint-Gobain, Badger Mining, CCRMM,
Fineway Ceramics, Imerys SA and among others. Key players active in the market take into account various factors for
instance support voltage, permeability and conductivity formation in order to
maximize the efficiency of their operations.
Based on
types, low density ceramic proppant market can be segmented as small mesh and
large mesh. In addition, based on application, market can be segmented as
construction and oil & gas sector. Oil & gas segment is anticipated to
exhibit considerable growth rate due to rise in demand for hydraulic fracturing
during the forecast period.
Rise in
demand from oil & gas industry, followed by lower cost of the proppants
compared to the resin-coated sand are some major factors and rise in demand for
natural gas, which are responsible for growth of the low density ceramic
proppant market. Apart from this, exploration of new hydraulic wells is
relatively expensive, which may impact the market. Moreover, growth in
technological advancements and innovation in the oil & gas industry is a
leading opportunity for global market.
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Based on
regional analysis, the North-America is a leading region in global low density
ceramic proppant market owing to concentrated market of hydraulic fracturing
across the region. Rising high prices coupled with recovery
of natural gas will eventually prolong the oil company and ultimately act as
drivers for the ceramic proppant market. Increased demand from oil exploration
companies and the rebound in natural gas prices would prolong oilfield
activity, which is expected to be a driver of the low-density ceramic proppant
market throughout the forecast period. The Asia-Pacific and Europe regions are
estimated to witness higher growth rate because of easy availability of raw
materials over the forecast period. It is projected that future of the global low
density ceramic proppant market will be optimistic on account of growth in
construction activities during the forecast period.
For More Information, refer to below link:-
Global
Low Density Ceramic Proppant Market Research Report
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