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The GCC frac sand market is currently witnessing strong growth. Frac sand is a high purity quartz sand made up of small and round particles. It is processed from sandstone and is extensively used in the process of hydraulic fracturing. Frac sand, along with water and other industrial fluids, is used to open the underground cracks while fracturing the shale to extract petroleum fluids like oil, natural gas, and natural gas liquids. Frac sand is utilized to hold the fractures open to avoid interruption to the process of natural gas and oil derivation.
The GCC frac sand market is primarily driven by the thriving oil and gas industry in the region. The steadily increasing demand for petroleum and gas, along with the rising number of oil and gas exploration activities, is also propelling the growth of the market. Moreover, manufacturers in the GCC countries are extensively investing in research and development (R&D) activities to introduce efficient and high-quality frac sand-like fine-mesh frac sand, which enhances the flow of fluid. This, in turn, is creating a positive outlook for the market. Furthermore, the ongoing crude oil production projects in the region are expected to account for developing new frac sand mines in the GCC region, thus contributing to the market growth. Looking forward, the market is expected to witness strong growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC 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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