Report: Raw frac sand demand to see future growth
Demand for raw frac sand is forecast to increase more than 4 percent per year to nearly 50 million tons in 2021, says The Freedonia Group in a new study, “Proppants Market in North America.”
The study also says raw frac sand is expected to grow 10 percent per year to more than $3 billion in 2021, reflecting gains in average prices and volume growth.
According to The Freedonia Group, healthy growth is forecast for all types of raw frac sand, although Northern White and Brady sand will see competition from new mines coming online in West Texas. The report says growth will be driven by gains for this other raw sand, which is expected to show increases of 12 percent per year though 2021.
The report also notes that both Canada and the United States will see demand gains through 2021, and that the United States is by far the largest user of the material.
“In 2016, the U.S. accounted for 88 percent of raw frac sand demand,” says analyst Dan Debelius. “While unconventional drilling is used in Canada, the oil sands in Alberta – an area of high activity in the country – do not require proppants.”
The Freedonia Group is an international industrial research company publishing more than 100 studies annually.
About the Author: Allison Kral
Allison Kral is the former senior digital media manager for North Coast Media (NCM). She completed her undergraduate degree at Ohio University where she received a Bachelor of Science in magazine journalism from the E.W. Scripps School of Journalism. She works across a number of digital platforms, which include creating e-newsletters, writing articles and posting across social media sites. She also creates content for NCM's Portable Plants magazine, GPS World magazine and Geospatial Solutions. Her understanding of the ever-changing digital media world allows her to quickly grasp what a target audience desires and create content that is appealing and relevant for any client across any platform.Subscribe to Pit & Quarry
If you enjoyed this article, subscribe to Pit & Quarry to receive more articles just like it.
