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The Europe frac sand market is currently witnessing strong growth. Frac sand is high-quality pure quartz processed from sandstone and is used during the process of hydraulic fracturing. An industrial mixture that includes water, frac sand, and chemical additives is used for opening underground cracks while fracturing the shale to obtain petroleum fluids like oil, natural gas, and natural gas liquids. The high-pressure water stream helps the small perforations present on the surface to become larger fractures. Frac sand is also employed to hold open the fractures to avoid interruption of the process of natural gas and oil derivation.
The Europe frac sand market is primarily driven by the growing number of unconventional and economical oil and gas discoveries, particularly across countries such as France and Russia. Moreover, frac sand can withstand extreme weather conditions while offering reliability and performance, due to which it is widely utilized in hydraulic fracturing for oil and gas reserves across the continent. Apart from this, the number of fracturing activities pertaining to tight or shale oil reserves is expected to grow over the next ten years, which, in turn, is acting as a major growth-inducing factor. Furthermore, extensive research and development (R&D) activities undertaken by manufacturers to introduce efficient and high-quality frac sand are contributing to the market growth. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe frac sand market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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