The report, now available on ASDReports, recognizes the following companies as the key players in the Global Proppants Market: Carbo Ceramics, Fores, Imerys, JSC Borovichi Refractories Plant, Minerao Curimbaba, Preferred Sands and Saint-Gobain Proppants
Other Prominent Vendors in the market are: All Energy Sand, Badger Mining, Mississipi Sand, Pyramax, US Silica and Yixing Orient Petroleum Proppant
Commenting on the report, an analyst said: “China has a good base of ceramic proppants produced by reputed global manufacturers. Since China has abundant availability of ceramic proppant raw materials, most of the world- renowned technology leaders have either set up manufacturing facilities in the country or are dependent on imports of raw materials from China. Chinese proppants are 15-20% cheaper than those from other countries such as India because of the low manufacturing costs.”
According to the report, though the crude oil market is going through a downswing, the increasing energy demand all over the world is expected to contribute to the growth of the hydraulic fracturing and proppant markets. After witnessing the shale gas boom in North America, many countries across the globe are exploring the unconventional method of oil and gas exploration for extraction.
Further, the report states that one of the major challenges in the global proppant market is the prevailing low international crude oil prices. The drop in crude oil prices makes shale extraction uneconomical, and as a result, the global proppant market revenues decline because of the reduction in the hydraulic fracturing activity.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Read more on ASDReports!
Source: ASDReports - Market Research
Date: Sep 14, 2015