Market Overview:
The global resin coated proppant market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for oil and gas across the globe. In addition, the growing exploration and production activities in unconventional reserves are also contributing to the growth of this market. The global resin coated proppant market is segmented on the basis of type, application, and region. On the basis of type, it is divided into cured resin-coated proppant and precured resin-coated proppant. The cured resin-coated proppants segment dominates this market owing to its superior properties such as high strength and resistance to abrasion as compared with precured resins-coated products. On the basis of application, it is classified into oil & gas extraction, water injection & hydraulic fracturing operations in shale formations or tight sands reservoirs), acidizing (stimulation) services), cementing services) others). The oil & gas extraction segment accounts for a major share in terms of revenue contribution followed by water injection & hydraulic fracturing operations in shale formations or tight sands reservoirs).
Product Definition:
Resin coated proppant is a proppant that has been coated in resin. This makes the proppant more durable and less likely to break down over time. This can be important for wells that are producing high volumes of oil or gas, as it can help keep the well open longer.
Curable Resin-Coated Proppant:
Curable resin-coated proppant is a high performance construction material that consists of sand, cement and resin. It has the ability to self-assemble into three-dimensional forms by using heat or water as a trigger for its transformation. The material can be transformed from solid to liquid and back again under certain conditions; however, it cannot be changed into other materials such as powder or gas. This makes it an ideal building block for 3D printing applications in the construction industry.
Precured Resin-Coated Proppant:
Precured resin-coated proppant is a new type of material that has been developed to overcome the limitations of traditional materials. Traditional materials are coated with polyurethane or epoxy and then mixed with sand, which results in the formation of concrete. However, this method is time consuming as well as laborious and also requires skilled personnel for its application.
Application Insights:
The oil application segment led the global resin coated proppant market in 2017 and is projected to witness significant growth over the forecast period. The growing demand for cement in this region owing to increasing petroleum activities is expected to drive product demand over the next few years.
Resin-coated proppant finds application as a modifier in hydraulic fracturing for enhanced oil recovery, which involves enhancing permeability of reservoir rocks by breaking up their resistance with high pressure water jets or steam. It also helps prevent shale gas depletion by increasing its productivity, which eventually leads to an increase in its reserves quantity. These benefits are likely to augment industry growth on account of rising use of these products within upcoming years.
The others segment includes coal bed methane and tight gas applications wherein it is used as a fluid loss control agent or carrier medium during extraction processes at coal bed methane and tight gas depths respectively.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to a decline in oil and gas drilling activities due to high petroleum prices. However, rising shale gas exploration activities are anticipated to drive product demand over the forecast period.
The U.S., which is one of the leading countries for oil and gas production, has witnessed an increase in hydraulic fracturing or fracking across various regions including Mississippi Delta, Bakken Shale formation of North Dakota and Montana as well as Niobrara Formation of Wyoming and Colorado since 2014 despite high petroleum prices that have deterred producers from undertaking such projects till date; this trend is likely continue over next few years due to its economical benefits coupled with low-cost hydrocarbon reserves present across these regions making it ideal for hydraulic fracturing operations compared to other locations around world.
Growth Factors:
- Increasing demand for unconventional resources: The global production of crude oil and natural gas has been on the rise in recent years, with the majority of this production coming from unconventional sources such as shale gas and tight oil. This has led to an increased demand for resin coated proppants, as they are essential for fracturing these unconventional reservoirs.
- Rising investment in upstream activities: A large portion of the world's crude oil and natural gas reserves are located in difficult-to-access areas, such as deepwater or ultra-deepwater locations and shale formations. This has led to a surge in investment by energy companies in upstream activities such as exploration and drilling, which is driving demand for resin coated proppants.
- Growing use of hydraulic fracturing: Hydraulic fracturing is a process used to extract hydrocarbons from tight rock formations by injecting water, sand, and chemicals into the well at high pressure. This process requires the use of resin coated proppants to keep the fractures open so that hydrocarbons can flow out freely. As a result, global consumption of resin coated proppants is expected to grow at a rapid pace over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Resin Coated Proppant Market Research Report
By Type
Curable Resin-Coated Proppant, Precured Resin-Coated Proppant
By Application
Oil, Gas, Others
By Companies
Hexion, Carbo, Covia, US Silica, CCRMM, Rechsand, Qisintal, Sibelco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Resin Coated Proppant Market Report Segments:
The global Resin Coated Proppant market is segmented on the basis of:
Types
Curable Resin-Coated Proppant, Precured Resin-Coated Proppant
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil, Gas, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hexion
- Carbo
- Covia
- US Silica
- CCRMM
- Rechsand
- Qisintal
- Sibelco
Highlights of The Resin Coated Proppant Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Curable Resin-Coated Proppant
- Precured Resin-Coated Proppant
- By Application:
- Oil
- Gas
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Resin Coated Proppant Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Resin coated proppant is a type of proppant that has been treated with a resin coating. This treatment makes the proppant more resistant to breaking down in water, which can lead to improved drilling performance.
Some of the major companies in the resin coated proppant market are Hexion, Carbo, Covia, US Silica, CCRMM, Rechsand, Qisintal, Sibelco.
The resin coated proppant market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Resin Coated Proppant Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Resin Coated Proppant Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Resin Coated Proppant Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Resin Coated Proppant Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Resin Coated Proppant Market Size & Forecast, 2018-2028
4.5.1 Resin Coated Proppant Market Size and Y-o-Y Growth
4.5.2 Resin Coated Proppant Market Absolute $ Opportunity
Chapter 5 Global Resin Coated Proppant Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Resin Coated Proppant Market Size Forecast by Type
5.2.1 Curable Resin-Coated Proppant
5.2.2 Precured Resin-Coated Proppant
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Resin Coated Proppant Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Resin Coated Proppant Market Size Forecast by Applications
6.2.1 Oil
6.2.2 Gas
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Resin Coated Proppant Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Resin Coated Proppant Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Resin Coated Proppant Analysis and Forecast
9.1 Introduction
9.2 North America Resin Coated Proppant Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Resin Coated Proppant Market Size Forecast by Type
9.6.1 Curable Resin-Coated Proppant
9.6.2 Precured Resin-Coated Proppant
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Resin Coated Proppant Market Size Forecast by Applications
9.10.1 Oil
9.10.2 Gas
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Resin Coated Proppant Analysis and Forecast
10.1 Introduction
10.2 Europe Resin Coated Proppant Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Resin Coated Proppant Market Size Forecast by Type
10.6.1 Curable Resin-Coated Proppant
10.6.2 Precured Resin-Coated Proppant
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Resin Coated Proppant Market Size Forecast by Applications
10.10.1 Oil
10.10.2 Gas
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Resin Coated Proppant Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Resin Coated Proppant Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Resin Coated Proppant Market Size Forecast by Type
11.6.1 Curable Resin-Coated Proppant
11.6.2 Precured Resin-Coated Proppant
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Resin Coated Proppant Market Size Forecast by Applications
11.10.1 Oil
11.10.2 Gas
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Resin Coated Proppant Analysis and Forecast
12.1 Introduction
12.2 Latin America Resin Coated Proppant Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Resin Coated Proppant Market Size Forecast by Type
12.6.1 Curable Resin-Coated Proppant
12.6.2 Precured Resin-Coated Proppant
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Resin Coated Proppant Market Size Forecast by Applications
12.10.1 Oil
12.10.2 Gas
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Resin Coated Proppant Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Resin Coated Proppant Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Resin Coated Proppant Market Size Forecast by Type
13.6.1 Curable Resin-Coated Proppant
13.6.2 Precured Resin-Coated Proppant
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Resin Coated Proppant Market Size Forecast by Applications
13.10.1 Oil
13.10.2 Gas
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Resin Coated Proppant Market: Competitive Dashboard
14.2 Global Resin Coated Proppant Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexion
14.3.2 Carbo
14.3.3 Covia
14.3.4 US Silica
14.3.5 CCRMM
14.3.6 Rechsand
14.3.7 Qisintal
14.3.8 Sibelco
