Asia-Pacific Proppants Market Summary, Competitive Analysis and Forecast to 2027
Proppants in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
– Proppants are solid materials, mostly sand, treated sand, or man-made ceramic materials used in hydraulic fracturing, a method used to extract oil and gas from deep underground sedimentary rock formations. Proppants prevent the opened fractures from closing on the release of pressure. These proppants are used to keep the artificially created hydraulic fractures open after the injection process to continue and enhance the extraction of oil and gas.
– The Asia-Pacific proppants market had total revenues of $0.8 billion in 2022, representing a compound annual growth rate (CAGR) of 2.1% between 2017 and 2022.
– Market consumption volume increased with a CAGR of 1.1% between 2017 and 2022, to reach a total of 5,985.8 Kilotons in 2022.
– The growth of the Asia-Pacific proppants market is attributed to the presence of enormous extraction projects for shale gas in countries such as China, India, and Australia. According to the US Energy Information Administration (EIA), shale gas production in China increased by 0.8 billion cubic feet per day between 2019–22.
Scope
– Save time carrying out entry-level research by identifying the size, growth, and leading players in the proppants market in Asia-Pacific
– Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the proppants market in Asia-Pacific
– Leading company profiles reveal details of key proppants market players’ global operations and financial performance
– Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific proppants market with five year forecasts by both value and volume
Reasons to Buy
– What was the size of the Asia-Pacific proppants market by value in 2022?
– What will be the size of the Asia-Pacific proppants market in 2027?
– What factors are affecting the strength of competition in the Asia-Pacific proppants market?
– How has the market performed over the last five years?
– How large is Asia-Pacific’s proppants market in relation to its regional counterparts?
Key Players
Table of Contents
List of Tables
List of Figures
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