Proppant Demand in North America to Reach $8.2 Billion by 2019
- Published: Thursday, 08 October 2015 16:21
Demand for proppants in North America is forecast to increase 7.6 percent annually through 2019 to 162 billion lb., valued at $8.2 billion. With oil and gas prices expected to remain subdued in the near term, demand for proppants will decelerate from the extremely rapid growth posted between 2004 and 2014 and future gains will result primarily from increases in proppant loadings in unconventional well completions. These and other trends are presented in Proppants in North America, a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.