Global Proppant Market � Analysis and Forecast (2014 - 2024)
Industryno119 Aug, 2021Business
The proppant market is projected to become $11,919.3 million by 2024, at a CAGR of 10.4% during 2019?2024. Proppant is extensively being utilized in cold bed methane and hydraulic fracturing of tight and shale gas. Moreover, increasing demand for proppant and progressions in fracturing technologies are the major factors that are driving the growth of global proppant market. Furthermore, with the development of multi-stage fracturing that is resulting into increasing number of stages in fracturing that is enhancing the utilization of proppant that is ultimately enhancing the demand for this market globally.
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