MarkNtel Advisors recently published a detailed industry analysis of the Saudi Arabia Proppants Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Saudi Arabia Proppants Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Saudi Arabia Proppants Market size is estimated to grow at a CAGR of around 6.12% during the forecast period, i.e., 2024-30.
Key Findings in Saudi Arabia Proppants Market:
- Historical Analysis: 2019–2022
- Base Year: 2023
- Forecast Period: 2024–2030
Leading Market Players- Badger Mining Corp., Baker Hughes Inc., Carbo Ceramics Inc., Hexion Inc., Saint-Gobain Proppants Inc., Sibelco Group, Schlumberger Limited, Halliburton Corporation, Delmon Group and others
Key Highlights of the Report
- Market Dimensions And Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Saudi Arabia Proppants industry?
Increasing Exploration of Shale Gas to Enhance Market Growth – During the historical years, Saudi Arabia, traditionally reliant on conventional oil reserves, is now seeking to diversify its energy sources. Exploring shale gas reserves offers an opportunity to supplement its energy portfolio with a domestically sourced alternative to conventional oil and gas. Shale gas extraction relies heavily on hydraulic fracturing, also known as fracking. This process involves injecting a mixture of water, sand (proppants), and chemicals into shale formations at high pressure to create fractures and release trapped gas. For instance,
- In 2021, Saudi Aramco’s awarded a contract worth USD 10 billion for its giant Jafurah project finally fired the starting gun to develop what is thought to be the world’s biggest shale gas field, and the Kingdom is estimated to be sitting on the fifth largest shale gas reserves in the world.
Hence, the successful exploration and production of shale gas require significant infrastructure development, including drilling rigs, well pads, water supply systems, and transportation networks. The establishment of such infrastructure drives demand for proppants and other materials and services related to oil and gas operations. As shale gas exploration advances in Saudi Arabia, the demand for proppants is expected to increase to support fracking operations in the forthcoming years.
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What segments define the Saudi Arabia Proppants Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Type
- Ceramic- Market Size & Forecast 2019-2030F, (Kilo Tons)
- Resin Coated- Market Size & Forecast 2019-2030F, (Kilo Tons)
- Frac Sand- Market Size & Forecast 2019-2030F, (Kilo Tons)
According to report, The Frac Sand segment holds a major market share and is expected to attain the highest growth rate in the Saudi Arabia Proppants Market during the forecast period, owing to the increasing local production of frac sand for the fracking of shale gas.
By Application
- Shale Gas- Market Size & Forecast 2019-2030F, (Kilo Tons)
- Coal-bed Methane- Market Size & Forecast 2019-2030F, (Kilo Tons)
- Tight Gas- Market Size & Forecast 2019-2030F, (Kilo Tons)
- Others- Market Size & Forecast 2019-2030F, (Kilo Tons)
According to report, Shale gas exploration and production in Saudi Arabia have gained significant traction in recent years due to the country’s vast shale gas reserves and the increasing demand for natural gas as a cleaner alternative to traditional fossil fuels.
Explore the Complete Saudi Arabia Proppants Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-proppants-market.html
Geographical Analysis: Saudi Arabia Proppants Market
By Region
- North
- East
- West
- South
- Central
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Middle East And Africa District Cooling Market?
- How is the Middle East And Africa District Cooling Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, And data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial And varied client base, including multinational corporations, financial institutions, governments, And individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing And forecasting, And trend analysis, among others, for 15 diverse industrial verticals.
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