Global Frac Sand Market 2016-2020
About the Frac Sand Market
The global frac sand market has become an integral part of the oil and gas sector due to the increasing demand for oil and gas extracted from unconventional resources. Some of the key consumers of frac sand are oil and gas companies operating in the shale formations in the US and Canada.
The players on the supply side as well as demand side engage in business by forming contracts. The expiry of some of these contracts in 2015 has created much uncertainty on the demand side. In addition, falling oil prices negatively impacted the demand for frac sand. Consumers operating in shale formations like Eagle Ford and Permian basin have reduced drilling, and as a result, there has been a continuous decline in the number of rigs.
Technavio’s analysts forecast the global frac sand market to grow at a CAGR of 10.29% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global frac sand market for 2016-2020.
The market is divided into the following segments based on geography:
• APAC
• Europe
• North America
• ROW
Technavio's report, Global Frac Sand Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• Emerge Energy Services
• Hi-Crush Partners
• Northern Frac Proppants
• US Silica
Other prominent vendors
• Chieftain Sand
• Di-Corp
• Hanson Lake Sands
• LaPrairie Group
• Sibelco
• Source Energy Services
• Unimin
• Victory Nickel
• Vista Sand
Market driver
• Technological advances in oil extraction
• For a full, detailed list, view our report
Market challenge
• Decreasing oil prices and reduced drilling
• For a full, detailed list, view our report
Market trend
• Market consolidation
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Frequently Asked Questions
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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