San Francisco, California, Sept 21, 2018: TMR Research has recently added a report to its vast repository, titled, “Ceramic Proppants Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017–2025.” The report states that the performance and quality of ceramic proppants is crucial for building fractures and for maintaining the optimal balance between conductivity and contact in oil wells.
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Lightweight ceramic proppants are much sought after since they provide almost 50% permeability in oil wells. This is more than what is offered by water fracturing methodologies. The report finds that ceramic proppants have various unique perceived benefits driving their uptake. Foremost among them is their higher strength. Ceramic proppants are stronger than resin-coated proppants and silica proppants. This makes them perfect for hydraulic fracturing of deep oil and gas spectrum. Further, ceramic proppants help to increase the conductivity of deep and middle oil wells. All such USPs have bode well for the global ceramic proppants market.
Ceramic proppants are providing major competition to the sand-based proppants seeing widespread usage in the oil industry. Apart from that, manufacturing of ceramic proppants does not cause much damage to the environment. This is because it makes use of raw materials such as bauxite. This is another factor promoting demand in the global ceramic proppants market.
From a geographical standpoint, the global ceramic proppants market is spread across Europe, North America, Asia Pacific, and the Rest of the World. Among them, at present North America is mainly driving demand in the market due to the soaring oil exploration activities in the region. With rebounding oil and gas prices, the ceramic proppants market is set to receive further boost in the region. Asia Pacific and the Middle East and Africa are other prominent regions fuelling demand in the global ceramic proppants market.
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Key players in the global ceramic proppants market include Badger Mining Corporation, Carbo Ceramics, Fores LLC, JSC Borovichi Refractories Plant, and Momentive Speciality Chemicals Inc.