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Stimulation Materials Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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  • 120 Pages
  • April 2021
  • Region: Global
  • Mordor Intelligence
  • ID: 4514969
UP TO OFF until Mar 31st 2024
The stimulation materials market is expected to register a CAGR of less than 7%, during the forecast period. The major factors driving the growth of the market studied are the development of unconventional gas resources and an increase in the number of mature oilfields. On the flip side, the environmental and regulatory challenges, and the increasing ban on fracking have been hampering the growth of the studied market.
  • The proppants segment dominated the market and are likely to grow during the forecast period, owing to the growing demand from the oil and gas industry.
  • The recovering construction industry in South America and the development of bio-based products are likely to provide opportunities for the studied market during the forecast period.
  • North America dominated the market across the world, with the continuous development of unconventional energy resources.

Key Market Trends

Proppants Segment to Dominate the Market Demand
  • Proppants or tiny solids, such as frac sand, ceramics, resin coated sand are used to physically hold open tiny rock fractures or cracks and to allow fluids and gas to move around them.
  • Proppants play an integral role in the fracking process. They help to open the fractures created in the process of pumping pressurized fluid into the well bore and without them, the closure stress from the weight of the rock above would quickly close the cracks and prevent the extraction of petroleum fluid.
  • Among the types of proppants, frac sand holds the dominating share of the market demand. The demand for frac sand is widely driven by the strong demand for hydraulic fracturing application, which is likely to increase noticeably over the forecast period, with rising shale exploration and production activities, majorly in North America.
  • With the recovery of prices in the oil and gas industry, exploration and production have started increasing across the world. The major increase in the oil and gas offshore exploration and production activities is noticed in the North Sea, North America, and Middle Eastern regions.
  • Thus, with this, the demand for proppants is expected to increase from the oil and gas industry during the forecast period.

North America Region to Dominate the Market
  • North America region dominated the global market share. The increasing shale gas exploration activities in the region has led to robust demand for stimulation materials.
  • Non-conventional shale gas exploration has led to the growth of the market in the region, especially in the United States.
  • Hydraulic fracturing stands to be one of the major methods of shale gas production, due to which the market for proppants has been growing significantly in the region.
  • In November 2018, the United States Geological Survey (USGS) discovered unconventional resources in a part of a Permian oil & gas basin, which straddles Western Texas and South-eastern New Mexico.
  • While about one-third of the United States crude production already comes from the Permian Basin, such discovery is further likely to increase exploration and production projects in the coming years.
  • During 2018, Mexico discovered 20 offshore oilfields, in water depths ranging from 11 meters to 90 meters. These include Xikin, Kinbe, Cheek, Tlacame, Cahua, Koban, Esah, Manik, Mulach, Octli, Tetl, Pokche, Uchbal, Jaatsul, Teekit, Hok, and Suuk.
  • For the offshore fields, 13 offshore platforms are likely to be used, with about 117 wells drilled across all the fields.
  • In Canada, Canadian Natural Resources (CNR) is seeking to boost the production of sweet synthetic crude oil from its Horizon Oil Sands project by 265,000 barrels per day in two phases (i.e. Phase 4 and Phase 5), which would boost the total output to 500,000 barrels per day after the upgradation.
  • Hence, all such trends in the region are likely to drive the growth of the oil and gas industry, which is further expected to increase the demand for stimulation materials market during the forecast period.

Competitive Landscape

The stimulation materials market is a consolidated market, where few major players account for a significant share of the market demand. Some of the major players in the market include Halliburton, Nalco, Baker Hughes, Chevron Philips Chemicals, and Schlumberger Ltd amongst others.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Drivers
4.1.1 Development of Unconventional Gas Resources
4.1.2 Increase in Mature Oilfields
4.2 Restraints
4.2.1 Environmental and Regulation Challenges
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
4.6 Demand and Supply Analysis
5.1 Material Type
5.1.1 Proppants Frac Sand Resin Coated Ceramic
5.1.2 Chemical Surfactants Gelling Agents Friction Reducers Breakers Crosslinking Agents Corrosion and Scale Inhibitors Biocides Other Chemicals
5.2 Geography
5.2.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.2.2 North America United States Canada Mexico
5.2.3 Europe Germany United Kingdom France Italy Rest of Europe
5.2.4 South America Brazil Argentina Rest of South America
5.2.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 All Energy Sand
6.4.2 Badger Mining Corporation
6.4.3 Baker Hughes
6.4.4 Baltic Ceramics Investments S.A.
6.4.5 Carbo Ceramics Inc.
6.4.6 Chevron Phillips Chemicals Company
6.4.7 CoorsTek Inc.
6.4.8 Unimin Corporation
6.4.9 Halliburton
6.4.10 Hexion Inc.
6.4.11 Hi-Crush Inc.
6.4.12 Imerys
6.4.13 Mineracao Curimbaba Ltda
6.4.14 Ecolab
6.4.15 Royal Dutch Shell PLC
6.4.16 Saint-Gobain (Saint-Gobain Proppants)
6.4.17 Schlumberger Limited
6.4.18 Solvay
6.4.19 Weatherford International plc.
7.1 Increasing Offshore Operations

Companies Mentioned

A selection of companies mentioned in this report includes:

  • All Energy Sand
  • Badger Mining Corporation
  • Baker Hughes
  • Baltic Ceramics Investments S.A.
  • Carbo Ceramics Inc.
  • Chevron Phillips Chemicals Company
  • CoorsTek Inc.
  • Unimin Corporation
  • Halliburton
  • Hexion Inc.
  • Hi-Crush Inc.
  • Imerys
  • Mineracao Curimbaba Ltda
  • Ecolab
  • Royal Dutch Shell PLC
  • Saint-Gobain (Saint-Gobain Proppants)
  • Schlumberger Limited
  • Solvay
  • Weatherford International plc.