A recent report published by Infinium Global Research on frac sand market provides an in-depth analysis of segments and sub-segments in the global as well as a regional frac sand market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional frac sand market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global frac sand market. According to the report, the global frac sand market is projected to grow at a healthy CAGR over the forecast period of 2019-2025.
The continuous growing demand of the fossil fuel-based energy sources such as natural gas, petroleum-based products and simultaneously depleting carbon-based energy sources are helping to grow the demand of the frac sand. The continuous depleting petroleum resources are forcing the petroleum companies to search for new reserve and extract from there. Additionally, depleting sources of crude fossil fuel require a large amount of the frac sand to extract petroleum oil and gas. The frac sand has the main role during fracturing the shale to release the oil, natural gas, natural gas liquids from pores of shale rock.
The growing application of the hydraulic fracturing process in the oil and natural gas exploration activities is helping to grow the demand of the frac sand. Further, the surge of the specialized drilling process in the petroleum industry is boosting the demand for frac sand at a significant rate. However, the presence of other substitutes as ceramic proppants is retarding the demand of the frac sand for the short term. Moreover, the growing focus of the petroleum companies to produce through hydraulic fracturing process in the developing countries are expected to boost the demand of the frac sand in the near future.
Geographically, the frac sand market is segmented into four regions namely, North America, Europe, the Asia-Pacific, and RoW. North America is the largest player of the frac sand market, owing to the presence of large number of petroleum companies, who are extensively engaged in the exploration activities. The Asia-Pacific’s frac sand market is expected to grow at the highest CAGR during the forecast period, owing to the growing petroleum exploration activities in this region to fulfill the continuously increasing demand for petroleum products. Further, the increasing government focus to be self-sufficient for the fuel requirement in this region is expected to boost the growth of this market in the Asia-Pacific region.
The report on global frac sand market covers segments such as type, and application. On the basis of type, the sub-markets include white sand, brown sand, and other types. On the basis of application, the sub-markets include oil exploitation, natural gas exploration, and other applications.
The report provides profiles of the companies in the market such as Unimin Corporation, Badger Mining Corporation, Preferred Sands, U.S. Silica Holdings Inc, Source Energy Services, Hi-Crush Inc., FAIRMOUNT SANTROL, Emerge Energy Services LP, and CARBO Ceramics Inc.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of frac sand market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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