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Global Proppant Market is Forecasted to Reach $7 Billion by 2017 From $4.3 Billion in 2012, at an Estimated CAGR OF 10.7% - New Report by MarketsandMarkets
Date:6/15/2013

(PRWEB) June 15, 2013

The report, “Proppant Market - By Type (Fracturing Sand, Resin Coated and Ceramic Proppant) - Global Trends & Forecasts to 2017” defines and segments the global proppant market with analysis and forecasting of global volume (in million tons) and revenue (in $million) for proppant market. The major drivers for proppant market are the fact that the hydraulic fracturing technology increases production rate and adds to recoverable reserves; provides access to an energy strategy shift through natural gas and energy security by domestic supply. Water availability and public opposition are seen as major restraints to the proppant market.

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200 pages and in-depth Table of Content on “Global Proppant Market"

http://www.marketsandmarkets.com/Market-Reports/proppant-market-802.html

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North America holds major market share in global proppant market. R&D initiatives by American Government and favorable regulatory conditions for hydraulic fracturing have helped its market to grow to this level. In 2011, global proppant market was estimated at $3.8 billion which is expected to increase from $4.3 billion in 2012, to nearly $7 billion by 2017; with a CAGR of nearly 10.7% from 2012 to 2017. North America is expected to lead the global proppant production market with share of nearly 80% in terms of hydraulic horse power supplied by the year 2011.

In North America U.S. is the largest market, led by Carbo Ceramics (U.S.), Saint Gobain (U.S.), Momentive (U.S.), Badger Mining Corp. (U.S.), Atlas Resin Proppants (U.S.), etc.

In ROW Chinese players lead the market with low cost and high quality ceramic proppant manufacturing. They are cur
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