DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/lnjf8g/asiapacific) has announced the addition of the "Asia-Pacific Proppants Market - Segmented By Material Type and Geography - Growth, Trends and Forecasts (2015-2019)" report to their offering.
The Asia Pacific Proppants Market is expected to see healthy rise due to the presence of immense shale gas reserves and hydraulic fracturing projects in China and Australia. Future shale gas extraction projects in India also assures a promising market in this region.
Worldwide demand for proppants has increased more than tenfold since the advent of shale gas. As crude oil prices have spiked and early ventures in horizontal drilling were successful, proppants have provided further momentum to drilling and completion activity.
China has the largest reserves of recoverable shale gas in the world. The country has been conducting horizontal drilling and water fracking successfully. However, they still employ decade-old technology and the success of shale gas and proppants development in China will hinge on better exploration equipment.
In Australia, significant production of shale gas is at least a decade away and will face challenges due to shale gas drilling costs and ability to compete with coal seam gas. Since most of the conventional shale gas reserves in Australia is remotely located, its production may face less environmental opposition than operations in the more populated areas where coal seam gas is currently being developed.
India has relatively low estimated reserves of recoverable shale but the estimates may increase with better mapping. A few wells have already been drilled by the Oil and Natural Gas Corporation, a public sector oil and gas company of the government of India.
New drilling techniques that employ proppants and improvements in the fracturing industry are the major drivers in this market. Major impediments to the growth of this market are environmental norms on the use of the proppants and cost factor.
Key Topics Covered:
2. Key Findings of the Study
3. Market Overview
4. Market Dynamics
5. Technology Overview
6. Different types of proppants
7. Market Analysis & Forecast
8. Competitive Landscape
9. Company Profiles
- Saint-Gobain Proppants
- CARBO Ceramics
- Baker Hughes
- Unimin Corporation
- Borovichi Refractories Plant (Borprop)
- Badger Mining
- Hi-Crush Partners LP
- Momentive Speciality Chemicals Inc.
- Yixing Orient Petroleum Proppant Co. Ltd
- Superior Silica Sands
- Texas Silica
U.S. Silica Holdings Inc.
For more information visit http://www.researchandmarkets.com/research/lnjf8g/asiapacific