Ceramic Proppant Market: Introduction
Proppant is a solid material, typically treated sand or man-made ceramic materials, designed to keep induced hydraulic fracture open, during the fracturing treatment. Ceramic proppant is added to fracking fluid which may vary in composition depending on the type of fracturing. Ceramic proppant is employed in low-volume well stimulation, which has high permeability sandstone wells to the high-volume operations. The quality and performance of the ceramic proppant is important to build fractures and to maintain a favorable balance between contact and conductivity for the lifespan of oil wells. Lightweight ceramic proppants are economically feasible and produced from close-controlled high-quality calcined kaolin clay. The function of ceramic proppant is to maintaining conducive fractures during well production. Ceramic proppants are composed of silica or ash, advanced proppants such as ultra-weight proppants are preferred as they have decreased settling time and require low viscosity fluids for transporting oil and gas. These proppants maintain conductive hydraulic fractures and are used as a crude way to detect hydraulic fracture geometry and to detect matrices for the slow release of down-hole chemical additives. The manufacturing process of ceramic proppants is eco-friendly and it uses raw materials such as bauxite. Sand-based proppants are commonly used in the oil & gas industry as they are readily available at low cost.
Ceramic Proppant Market: Segmentation Outlook
The global ceramic proppant market can be segmented based on form, application, and region. In terms of form, the ceramic proppant market can be bifurcated into granular and powder. The powder segment is projected to expand at rapid pace during the forecast period. Increasing need for oil and gas is driving the demand for powder ceramic proppant.
Based on application, the ceramic proppant market can be classified into oil & gas, building & construction, chemicals, and others. The oil & gas segment is projected to expand at a substantial pace during the forecast period. Oil well technique of hydraulic fracturing is frequently used. Rocks are fractured using liquids, which are hydraulically pressurized. This cracks the rocks to assure free flow of petroleum, brine, and natural gas. Ceramic proppants are preferred over other alternatives as they are small in size and possess high strength and conductivity. This helps increase the demand for ceramic proppant during the forecast period.
Ceramic Proppant Market: Regional Outlook
In terms of region, the global ceramic proppant market can be segmented into Asia Pacific, Europe, Latin America, North America, and Middle East & Africa. North America is expected to remain a leading region for the global ceramic proppant market during the forecast period. Increasing demand for oil exploration companies & recovery in natural gas prices, would extend the oilfield activity. This, in turn, is projected to be a factor driving the ceramic proppant market during the forecast period.
Furthermore, high consumption oil and gas in Asia Pacific, especially in India and China is expected to increase the ceramic proppant market demand during the forecast period. Countries in the Middle East, who have massive mining infrastructure are actively investing in drilling multi-stage oil wells. This is anticipated to boost the demand for ceramic proppant in the sub-region.
Ceramic Proppant Market: Key Player
The global ceramic proppant market is consolidated. Small numbers of companies operate at the global and regional level. Major companies include Badger Mining Corporation, Fores LLC, Carbo Ceramics, JSC Borovichi Refractories Plant, Momentive Speciality Chemicals Inc., and Imerys S.A. Players operating in the market consider numerous factors such as stress on proppants, creation of permeability and conductivity to maximize efficiency of their operations.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.