BCC report indicates growth in hydraulic proppants

By |  March 11, 2015

BCC Research announced in its report, “Fracking Proppants: Global Markets,” that increasing industrialization has resulted in significant growth in demand for hydraulic proppants.

According to the report, growing industrialization has led to an increased need for energy with expansion being driven by China, India, Brazil and Russia. It says the U.S. may become largely independent of fossil fuel imports, while other European consumers, along with China and India, are preparing for increased dependency.

The most commonly used proppant is silica sand, says the report, and in the U.S., demand for proppants is primarily from the shale oil industry. In addition, as the production of shale gas increases, so do proppant sales.

“While most of the proppant spending will take place in the Americas and in the U. S. in particular, annual growth rates for other nations and regions are more aggressive, as the unconventional oil and gas boon spreads across the globe over the next ten years,” says BCC Research analyst Tanmay Joshi. “Of particular note are the proppants markets in Argentina, throughout the Americas and in China. These nations and regions have extensive unconventional oil and gas reserves, and the global trend toward natural gas as the dominant feedstock will ensure significant political and fiscal capital are spent developing them.”

The report also includes forecasted revenue through 2019 and market dynamics of fracking proppants throughout the world.


This article is tagged with , , and posted in News
Avatar photo

About the Author:

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.

Comments are closed