A recent report published by Infinium Global Research on the 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 frac sand is also called a
proppant sand that is used in the oil and gas industry to open rock fissures
and increase the flow rate of natural gas or oil. The continuous growing demand
for fossil fuel-based energy sources such as natural gas is helping to grow the
frac sand market. Further, increasing oil and gas exploration and production is
expected to provide significant growth to the frac sand market.
The growing investment in the oil
and natural gas exploration activities is helping to grow the demand of the
frac sand market. Further, the continuous growing demand for fossil fuel-based
energy sources such as natural gas, petroleum-based products are driving the
growth of the frac sand market. Simultaneously depleting carbon-based energy
sources are provides a growing demand for the frac sand market. Additionally,
the growing use of specialized drilling process in the petroleum industry is
boosting the demand for the market. Furthermore, depleting sources of crude
fossil fuel require a large amount of frac sand to extract petroleum oil and
gas. This is propelling the growth of the frac sand market. However, the
presence of other substitutes as ceramic proppants is affecting the demand of
the frac sand market. 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.
North America holds the largest
region for the frac sand market, owing to the presence of the number of
petroleum companies. The Asia-Pacific region is expected to grow with a healthy
CAGR owing to the growing petroleum exploration activities in this region.
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 the 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 the 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.