A proppant is a solid material which is suspended in water so as to facilitate the opening of an induced hydraulic fracture. These are used during the fracking stage of oil & gas extraction.
Saudi Arabia Proppants Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of Saudi Arabia Proppants market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “Saudi Arabia Proppants Market Analysis, 2020”, the Saudi Arabia Proppants market is anticipated to grow at a CAGR of around 6% during 2020-25 on account of surging government investment toward the setup of proppant plants and shale gas plants, and burgeoning demand for proppants in the oil & gas sector. Moreover, rising hydraulic fracturing activities and surging inclination to produce domestic gas to power the electric grid are projected to boost the demand for proppants in the forecast period.
Submersible Acquired the Largest Market Share
Based on Type, Frac Sand acquired the largest market share in the Saudi Arabia Proppant market in 2019 due to an increasing local production of frac sand for the fracking of shale gas. Moreover, boost in government spending toward shale gas development is projected to bolster the demand for frac sand due to its efficiency, low cost, and availability. Therefore, this is anticipated to place a significant impact toward the growth of Saudi Arabia Proppants market in the forthcoming years as stated in MarkNtel Advisors’ research report “Saudi Arabia Proppants Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the Saudi Arabia Proppants market include Badger Mining Corp., Baker Hughes Inc., Carbo Ceramics Inc., Hexion Inc., Saint-Gobain Proppants Inc., Sibelco Group, Schlumberger Limited, Halliburton Corporation etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Saudi Arabia Proppants Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Saudi Arabia Proppants Market during 2020-25?
A. The growth rate of Saudi Arabia Proppants Market during 2020-25 is forecast to be grow at a CAGR of 6%.
Q. Who are the key competitors or players operating in Saudi Arabia Proppants Market?
A. Badger Mining Corp., Baker Hughes Inc., Carbo Ceramics Inc., Hexion Inc., Saint-Gobain Proppants Inc., Sibelco Group, Schlumberger Limited, Halliburton Corporation etc., are few of the leading players in the Saudi Arabia Proppants Market.
Q. Which application segment would emerge as an opportunity area for players in Saudi Arabia Proppants Market?
A. Shale Gas is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which type would emerge as an opportunity area for players in Saudi Arabia Proppants Market?
A. Ceramic segment grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of Saudi Arabia Proppants Market.