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The global stimulation materials market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Stimulation materials are used in oil and gas wells to inject microbes and remove deposits of heavy components, such as wax and asphaltene. They generally comprise proppants, including coated sand, raw frac, clay-based ceramic, and sintered bauxite. Nowadays, leading manufacturers are introducing ultra-lightweight proppants that reduce frac height, injected fluids, and the need for wellbore cleanouts. They are also offering standard and customized chemical solutions for enhancing the stimulation process and the flow of oil and gas. These solutions include advanced integrated fluid systems like crosslinkers, breakers, buffers, clay control, surfactants, biocides, friction reducers, scale inhibitors, and gelling systems.
The increasing need for fuel is positively influencing the use of shale gas worldwide. This represents one of the major factors influencing the demand for stimulation materials worldwide for extracting shale gas via hydraulic fracking in hydrocarbon reservoirs. Moreover, governments of numerous countries are implementing stringent regulations to minimize the negative effects of hydraulic fracking. This, in turn, is promoting the adoption of green materials with less impact on the environment. Apart from this, advances in hydraulic fracturing technology, such as horizontal drilling, high-volume, and multistage, along with the development of shale resources, are driving the demand for new stimulation materials to improve drilling efficiencies. The rising oil and gas prices worldwide are also encouraging companies to adopt advanced methods like stimulation. Furthermore, key manufacturers are introducing products that provide thermal stability and chemical and crush resistance and prevent proppant flow back in high-temperature and closure stress environments during the fracturing of deep gas and oil wells. They are also offering value-added coated sand and ceramic proppants that minimize water usage while increasing well productivity. These innovations are projected to impel the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global stimulation materials market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, technology and application.
Breakup by Type:
Breakup by Technology:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Baker Hughes Company, BASF SE, Carbo Ceramics Inc., Chevron Phillips Chemical Company LLC, DuPont de Nemours Inc., Halliburton Company, Hexion Inc., Saint-Gobain S.A, Schlumberger Limited and Solvay S.A.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Technology, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Akzo Nobel N.V., Baker Hughes Company, BASF SE, Carbo Ceramics Inc., Chevron Phillips Chemical Company LLC, DuPont de Nemours Inc., Halliburton Company, Hexion Inc., Saint-Gobain S.A, Schlumberger Limited and Solvay S.A.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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