Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 119.65 Million

CAGR (2023-2028)

15.14%

Fastest Growing Segment

Shale Gas

Largest Market

Russia


Market Overview

The Europe Proppant Market was valued at USD 119.65 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 15.14% through 2028. Proppants are resilient materials composed of consistently sized particles. They are employed alongside fracturing fluid in the hydraulic fracturing (fracking) process to prop open fractures in the Earth's surface, facilitating the extraction of oil and gases. Proppants come in a diverse range of types, including both synthetically engineered and naturally occurring variations. An example of synthetic proppants includes sand coated with resin or robust ceramic materials. These proppants are available in various dimensions and shapes, such as spherical and cylindrical, serving diverse applications like coalbed methane, shale gas, tight gas, tight oil, and deep gas, among others. Proppants are minute, uniformly-sized solid particles used in hydraulic fracturing processes within oil and gas wells. They possess exceptional properties like resistance to heat and chemicals, high conductivity, and remarkable strength, collectively enhancing the extraction of oil and gas from these wells. To achieve this, proppants are injected into oil and gas-bearing rock formations under high pressure, approximately 12,000 psi, along with fracturing fluid. Here, they firmly prop open and extend the fractures, ultimately facilitating the rapid flow of natural gas and crude oil to the surface of the well. The interplay of these factors significantly contributes to the growth of the Europe Proppant Market within the projected timeframe.

Key Market Drivers

Raising Mining Activities Through Hydraulic Fracking to Recuperate Tight / Shale Gases

In the constantly evolving realm of energy production, hydraulic fracking has emerged as a transformative technology that has unlocked vast reservoirs of tight and shale gases. This groundbreaking technique involves the injection of high-pressure fluid into subterranean rock formations to liberate trapped natural gas and oil reserves. While hydraulic fracking has predominantly gained attention for its pivotal role in the oil and gas industry, it has also proven instrumental in the extraction of tight and shale gases. The term "shale gas revolution" aptly characterizes the profound transformation in the global energy landscape catalyzed by the advent of hydraulic fracking technology. Shale gas, categorized as an unconventional natural gas variant confined within shale rock formations deep beneath the Earth's surface, was once considered economically unfeasible to extract. Hydraulic fracking, commonly referred to as fracking, encompasses a multifaceted process that commences with the drilling of a wellbore into the Earth's crust. Once the wellbore is established, a high-pressure mixture of water, sand, and chemicals is injected into the well. The ensuing pressure triggers fractures in the surrounding rock formations, engendering fissures that liberate the captive natural gas or oil reserves. The sand, often referred to as proppant, plays a pivotal role in maintaining these fissures, allowing the hydrocarbons to flow unimpeded to the surface.

Furthermore, tight gas denotes natural gas sequestered within low-permeability rock formations, rendering conventional drilling methodologies ineffective for extraction. Shale gas, conversely, is ensconced in shale rock formations and presents similar extraction challenges. Hydraulic fracking serves as the linchpin in unlocking these extensive stores of tight shale gases. By inducing fractures in the rock formations, fracking augments permeability, facilitating the efficient retrieval of these invaluable resources. The adoption of hydraulic fracking has considerably broadened the accessibility of natural gas resources. The Europe has borne witness to a surge in domestic production, culminating in reduced dependence on imported energy sources. The shale gas upsurge has generated myriad employment opportunities and stimulated economic prosperity in regions endowed with substantial natural gas reservoirs. It has further attracted substantial investments in infrastructure and energy-related sectors. Notably, when harnessed for electricity generation or heating, natural gas engenders fewer carbon emissions in comparison to coal or oil. Consequently, the augmented availability of natural gas through fracking has contributed to the mitigation of greenhouse gas emissions in specific regions.

Additionally, by harnessing domestic natural gas reserves, nations can fortify their energy security by diminishing reliance on foreign energy providers. This, in turn, can shield them from geopolitical disruptions in energy supplies. The heightened supply of natural gas courtesy of fracking has played a pivotal role in stabilizing energy prices and furnishing consumers with access to more cost-effective energy alternatives. Therefore, the proliferation of hydraulic fracking has led to an increased demand for proppants, thereby propelling the expansion of the Europe Proppant Market.

Increasing Demand for Natural Gas and Oil to Safeguard Energy Security  

Energy security stands as a paramount global concern, encompassing the imperative of ensuring a steady, dependable, and cost-effective supply of energy resources to satisfy a nation's economic, societal, and national defense needs. Within the realm of diverse energy sources, natural gas and oil retain their pivotal roles as essential cornerstones of global energy security. The international energy landscape is undergoing rapid transformation, shaped by technological progress, evolving geopolitical dynamics, and the pressing need to curtail carbon emissions, fundamentally altering the methods of energy production and consumption. As burgeoning economies undergo industrialization and expansion, their energy requirements surge exponentially. Key sectors such as manufacturing demand substantial energy resources, with natural gas and oil serving as indispensable elements for diverse industrial processes and acting as primary fuels for machinery and transportation. Particularly, the transportation sector remains deeply reliant on oil as its predominant fuel source. Despite the burgeoning interest in electric vehicles and alternative fuels, oil maintains its supremacy within the global transportation fuel arena. Furthermore, natural gas is increasingly gaining favor as a cleaner alternative, manifesting in the forms of compressed natural gas (CNG) and liquefied natural gas (LNG) for vehicular applications.

Furthermore, concerns regarding energy security, exacerbated by geopolitical tensions and supply interruptions, have spurred nations to augment their strategic petroleum reserves and diversify their energy portfolios. Natural gas, distinguished by its cleaner and more secure supply chains, is assuming an increasingly substantial role in national energy security strategies. The transition to cleaner energy sources is a global undertaking in progress. Natural gas, often recognized as a "bridge fuel," is acknowledged as an interim energy source that can contribute to greenhouse gas emission reduction compared to coal and oil. Consequently, there is a burgeoning demand for natural gas as an integral component of endeavors aimed at mitigating climate change. Hence, the multifaceted advantages of proppants are poised to propel the Europe Proppant Market as it aligns with the evolving energy security and sustainability objectives in the foreseeable future.

Growing Demand for Proppant in the Coalbed Methane Sector

In the realm of energy production, coalbed methane (CBM) has emerged as an increasingly vital resource. With conventional fossil fuel reserves dwindling, the exploration and extraction of unconventional energy sources, such as CBM, have taken center stage. An integral element of CBM extraction lies in the deployment of proppants—minute solid particles that serve to keep fractures open in subterranean rock formations, enabling the efficient release of methane gas. Coalbed methane, commonly referred to as CBM or coal methane, represents a variant of natural gas confined within coal seams. Unlike traditional natural gas reserves found in subterranean reservoirs, CBM resides within the micropores and fissures of coal beds. The extraction process revolves around liberating methane gas from the coal seams by diminishing pressure, achieved through a combination of drilling, hydraulic fracturing, and the application of proppants. Proppants assume a pivotal role in CBM extraction. When a well penetrates a coal seam, hydraulic fracturing is employed to induce fissures within the coal. These fissures necessitate being held open to enable unimpeded gas flow. Proppants, typically manifesting as sand or ceramic beads, are blended with water, and introduced into the fractures under high pressure. Subsequently, once the fractures are propped open, the proppants forestall their closure upon pressure release, ensuring the unhindered escape of methane gas, which can then be harnessed for energy production.

Furthermore, with the world's population on a continuous ascent, the demand for energy has paralleled this growth trajectory. CBM stands as a valuable source of natural gas capable of meeting this escalating energy demand, with proppants being an indispensable component of the extraction process. Advances in hydraulic fracturing techniques and proppant technology have made CBM extraction more economically feasible. The cost-effectiveness and efficiency of proppants render CBM projects increasingly appealing to energy corporations. Natural gas, in comparison to other fossil fuels, is recognized as a cleaner-burning energy source, emitting fewer greenhouse gases and pollutants. Consequently, as environmental concerns heighten, CBM garners favor as a responsible energy source, and the judicious use of proppants can mitigate environmental repercussions during extraction. Ongoing progress in proppant technology has elevated the efficacy of these materials in establishing and sustaining fractures within coal seams, thereby augmenting the overall efficiency of CBM extraction processes. Hence, these factors are poised to drive the growth of the Europe Proppant Market in the projected period.

 

Download Free Sample Report

Key Market Challenges

Market Volatility and Price Fluctuations

The Europe proppant market exhibits a pronounced cyclical nature and remains vulnerable to market fluctuations, closely mirroring the oil and gas industry's inherent price volatility. During phases characterized by diminished oil and gas prices, drilling operations experience a decline, consequently reducing the demand for proppants. Conversely, when energy prices ascend, drilling activities intensify, exerting pressure on the proppant supply chain to meet the heightened demand. This inherent volatility can pose notable challenges for proppant manufacturers, as it significantly impacts their production planning and strategic investment decisions. Abrupt price declines may precipitate financial strains, while sudden surges in prices can lead to capacity constraints and shortages in supply.

Furthermore, the European proppant market has witnessed substantial consolidation in recent years. Prominent manufacturers have acquired smaller, specialized firms to broaden their product portfolios and geographical presence. While this consolidation has engendered heightened competition and spurred innovation, it has simultaneously limited the options available to smaller enterprises and elevated entry barriers. This heightened competition can result in pricing pressures, complicating the task of maintaining profitability for manufacturers. Smaller firms may encounter difficulties when vying with larger, more diversified counterparts concerning pricing and market share.

Energy Transition and Market Uncertainty

The Europe proppant market faces enduring challenges amidst the global transition towards renewable energy sources and heightened efforts to curtail carbon emissions. The eventual decrease in demand for fossil fuels, including the proppants employed in hydraulic fracturing, amid this shift towards a lower-carbon future poses a prolonged challenge. This transition injects substantial ambiguity into the market, necessitating proactive strategies from proppant manufacturers and operators. Diversification initiatives and the exploration of alternative markets, such as geothermal energy and carbon capture and storage, emerge as imperative steps to adapt to the evolving energy landscape. Furthermore, the logistical aspects of proppant transport from manufacturing facilities to well sites present inherent complexities. Proppant logistics entails the utilization of specialized equipment, including pneumatic trailers and silos, demanding meticulous coordination to ensure punctual deliveries. Existing infrastructure constraints, encompassing deficient road and rail connections, can hinder the streamlined movement of proppants. Moreover, well sites often reside in remote locales, compounding the logistical hurdles. Overcoming these challenges mandates investments in transportation infrastructure and the formulation of efficient supply chain networks.

Moreover, proppants constitute a substantial segment of the overall cost structure in hydraulic fracturing operations. In an industry where cost efficiency holds paramount importance, effective proppant cost management assumes a pivotal role. The intricacies of cost management span the procurement of proppants at competitive prices and the optimization of their utilization to enhance well productivity. Endeavors to curtail costs must harmonize with the imperative of utilizing high-quality proppants that underpin enduring well performance. Achieving this equilibrium can prove demanding, especially when confronted with the volatility of market conditions.

Key Market Trends

Technological Advancements

Technological advancements have exerted a profound influence on the Europe proppant market. Innovations in hydraulic fracturing techniques, such as the adoption of multi-stage fracturing and longer lateral drilling, have spurred increased demand for proppants. Furthermore, the integration of data analytics and automation into drilling and completion operations has led to precision in proppant placement, thereby optimizing well productivity. These ongoing technological developments are anticipated to continue propelling the growth and efficiency of the proppant market. In addition, the conventional methods of oil and natural gas extraction have been supplanted by unconventional extraction techniques, necessitating advanced and lightweight proppants to facilitate the smooth flow of resources. This shift presents lucrative opportunities for the expansion of the proppant market. Modern ceramic proppant manufacturing facilities produce lightweight ceramic proppants from high-quality oxidized kaolin clay, making them economically viable. Furthermore, the introduction of novel fracking methods, such as horizontal multistage fracturing, augments the market's prospects, with expectations of gaining momentum in the forthcoming years.

Traditionally, the Europe proppant market predominantly favored ceramic proppants due to their exceptional strength and conductivity. However, recent years have witnessed a discernible shift towards sand proppants, primarily driven by cost-efficiency considerations. Sand proppants, being more abundant and cost-effective to produce compared to ceramics, have emerged as an attractive choice for hydraulic fracturing operations. This transition has been particularly prominent in regions like the Permian Basin and the Eagle Ford Shale, where operators are actively seeking economical solutions to optimize production.

High-Performance Ceramic Proppants

Although sand proppants have garnered popularity, the demand for high-performance ceramic proppants remains strong. Manufacturers have made substantial investments in research and development to enhance the strength and conductivity of ceramic proppants, positioning them as competitive alternatives to sand. These advanced ceramics exhibit the ability to withstand higher pressures and temperatures, rendering them particularly suitable for deep and challenging reservoirs. Consequently, the European proppant market is experiencing a divergence, offering a choice between cost-effective sand proppants and high-performance ceramics to cater to a diverse array of reservoir conditions.

Furthermore, a prominent trend in the European proppant market revolves around an increasing focus on environmental sustainability. The hydraulic fracturing industry has faced scrutiny due to its environmental impacts, including concerns about water contamination and induced seismic activity. Consequently, there is a concerted effort within the industry to adopt more sustainable practices. This drive has prompted the development of eco-friendly proppants, including recycled ceramics and biodegradable alternatives. Companies are progressively embracing these environmentally responsible proppants to reduce their ecological footprint and adhere to regulatory mandates.

Segmental Insights

Type Insights

Based on the type, the frac sand segment is expected to register the highest growth of 14.14% during the forecast period 2024-2028. Frac sand, utilized in hydraulic fracturing, offers a multitude of significant advantages in the oil and gas sector. Its distinctive properties position it as the preferred choice for initiating and sustaining fractures within subterranean rock formations during the fracking process. To begin with, frac sand exhibits remarkable durability and exceptional crush resistance, ensuring its ability to endure the extreme pressures and forces encountered within the wellbore. This durability results in fractures that maintain their integrity over extended periods, leading to consistent rates of oil and gas production. Additionally, frac sand's high thermal conductivity contributes to the preservation of the reservoir's temperature, facilitating the efficient flow of hydrocarbons to the surface. Furthermore, its naturally occurring grain size distribution allows for optimal packing within fractures, preventing them from closing once the fracking pressure diminishes. This characteristic ensures the effective recovery of gas and oil. Moreover, frac sand is abundant and cost-effective, rendering it an economically appealing proppant choice for energy companies. In summary, frac sand proppants provide a dependable and cost-efficient solution that maximizes hydrocarbon recovery, thereby bolstering the economic feasibility of hydraulic fracturing operations and addressing the ever-increasing global demand for energy resources.

Application Insights

Based on the application, the shale gas segment is expected to register the highest growth of 14.79% during the forecast period, 2024-2028. Proppants assume a pivotal role in shale gas applications, providing a myriad of advantages that are central to the triumph of hydraulic fracturing in shale formations. To begin with, proppants, typically crafted from materials like sand or ceramics, play a fundamental role in maintaining the fractures established in the shale rock during the fracking process. This crucial function allows for the efficient release of trapped natural gas that would otherwise remain inaccessible. Furthermore, proppants exhibit remarkable durability and resistance to crushing, guaranteeing the enduring propping open of fractures, thus preserving gas production rates over extended periods. The judicious selection of proppants can enhance reservoir conductivity, thereby optimizing the flow of gas to the wellbore. Additionally, proppants contribute to economic feasibility by maximizing well productivity and overall gas recovery. They also facilitate the implementation of horizontal drilling techniques, which intensify the interaction between the wellbore and the shale formation, further elevating gas extraction efficiency. In summary, proppants are indispensable in shale gas applications, unlocking extensive reserves of this cleaner-burning fossil fuel, reinforcing energy security, stimulating economic growth, all while complying with stringent environmental regulations.


Download Free Sample Report

Country Insights

Russia will witness fastest growth during the forecast period, 2024-2028 driven primarily by the country's expanding oil and gas industry. Russia, as one of the world's largest oil and gas producers, relies heavily on hydraulic fracturing to access its vast hydrocarbon reserves, particularly in challenging shale formations. Proppants, such as frac sand and ceramic beads, are essential components in hydraulic fracturing operations. These tiny, durable particles are injected into underground rock formations at high pressure to prop open fractures, allowing the efficient flow of oil and natural gas. The surge in hydraulic fracturing activities in Russia's shale regions, including the Bazhenov Formation in Western Siberia, has fueled the demand for proppants. The Bazhenov Formation alone is estimated to hold enormous reserves of shale oil, making it a focal point for exploration and production efforts. Proppants are instrumental in maximizing well productivity and hydrocarbon recovery from these unconventional reservoirs. As Russia continues to tap into its unconventional oil and gas resources, the need for proppants is expected to remain robust.

Furthermore, Russia's oil and gas industry is also characterized by its vast network of aging wells. To maintain or enhance production rates from these mature wells, operators often turn to well stimulation techniques, including hydraulic fracturing. Proppants play a critical role in revitalizing these wells by creating or enhancing fractures in the reservoir rock. The rehabilitation of these existing wells, combined with the development of new shale plays, is driving proppant demand across the country. Additionally, Russia's commitment to enhancing energy security and reducing its reliance on imported energy sources has led to increased investment in domestic oil and gas production. This emphasis on domestic energy production further supports the demand for proppants, as hydraulic fracturing remains a key method for unlocking domestic hydrocarbon resources.

Recent Developments

  • In August 2022, Petro Welt Technologies AG approved in an extraordinary general meeting the sale of PeWeTe’s participations in Russia.
  • In January 2022, Tacrom Services S.R.L. introduced Foam Frac technology that has major advantages compared to conventional fracturing in low permeability, low bottom-hole pressure, and water sensitivity formations.
  • In May 2021, UOS Drilling S.A. announced that in a consortium with Energy Solutions Sp. z o.o. we signed an agreement with MPEC-Konin Sp. z o.o. for the construction of a Geothermal Heating Plant in Konin.
  • In November 2020, KATKoneft, together with Gazpromneft-Khantos, developed a new model of multistage hydraulic fracturing.

Key Market Players

  • Compagnie de Saint-Gobain S.A
  • Petro Welt Technologies AG
  • Nika Petro Tech
  • JSC Borovichi Refractories Plant
  • Tacrom Services S.R.L.
  • UOS Drilling S.A.

By Type

By Application

By Country

  • Frac Sand
  • Resin Coated Frac Sand
  • Resin Coated Ceramic Proppants
  • High Strength Ceramic Proppants
  • Shale Gas
  • Coalbed Methane
  • Tight Gas
  • Tight Oil
  • Deep Gas
  • Others 
  • Russia
  • Ukraine
  • Denmark
  • Hungary
  • Poland
  • Germany
  • France
  • Spain
  • United Kingdom
  • Italy

  

Report Scope:

In this report, the Europe Proppant Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Europe Proppant Market, By Type:

o   Frac Sand

o   Resin Coated Frac Sand

o   Resin Coated Ceramic Proppants

o   High Strength Ceramic Proppants

  • Europe Proppant Market, By Application:

o   Shale Gas

o   Coalbed Methane

o   Tight Gas

o   Tight Oil

o   Deep Gas

o   Others

  • Europe Proppant Market, By Country:

o   Russia

o   Ukraine

o   Denmark

o   Hungary

o   Poland

o   Germany

o   France

o   Spain

o   United Kingdom

o   Italy

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Europe Proppant Market.

Available Customizations:

The Europe Proppant Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Europe Proppant Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]                

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Impact of COVID-19 of Europe Proppant Market

6.    Europe Proppant Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value & Volume

6.2.  Market Share & Forecast

6.2.1.    By Type (Frac Sand, Resin Coated Frac Sand, Resin Coated Ceramic Proppants, High Strength Ceramic Proppants)

6.2.2.    By Application (Shale Gas, Coalbed Methane, Tight Gas, Tight Oil, Deep Gas, Others)

6.2.3.    By Country (Russia, Ukraine, Denmark, Hungary, Poland, Germany, France, Spain, United Kingdom, Italy)

6.2.4.    By Company (2022)

6.3.  Market Map

6.3.1.    By Type

6.3.2.    By Application

6.3.3.    By Country

7.    Russia Proppant Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Application

8.    Ukraine Proppant Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Application

9.    Denmark Proppant Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Application

10. Hungary Proppant Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value & Volume

10.2.             Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

11. Poland Proppant Market Outlook

11.1.             Market Size & Forecast        

11.1.1. By Value & Volume

11.2.             Market Share & Forecast

11.2.1. By Type

11.2.2. By Application

12. Germany Proppant Market Outlook

12.1.             Market Size & Forecast        

12.1.1. By Value & Volume

12.2.             Market Share & Forecast

12.2.1. By Type

12.2.2. By Application

13. France Proppant Market Outlook

13.1.             Market Size & Forecast        

13.1.1. By Value & Volume

13.2.             Market Share & Forecast

13.2.1. By Type

13.2.2. By Application

14. Spain Proppant Market Outlook

14.1.             Market Size & Forecast        

14.1.1. By Value & Volume

14.2.             Market Share & Forecast

14.2.1. By Type

14.2.2. By Application

15. United Kingdom Proppant Market Outlook

15.1.             Market Size & Forecast        

15.1.1. By Value & Volume

15.2.             Market Share & Forecast

15.2.1. By Type

15.2.2. By Application

16. Italy Proppant Market Outlook

16.1.             Market Size & Forecast        

16.1.1. By Value & Volume

16.2.             Market Share & Forecast

16.2.1. By Type

16.2.2. By Application

17. Market Dynamics

17.1.             Drivers

17.2.             Challenges

18. Market Trends & Developments

19. Europe Proppant Market: SWOT Analysis

20. Porter’s Five Forces Analysis

20.1.             Competition in the Industry

20.2.             Potential of New Entrants

20.3.             Power of Suppliers

20.4.             Power of Customers

20.5.             Threat of Substitute Products

21. Competitive Landscape

21.1.             Compagnie de Saint-Gobain S.A

21.1.1. Business Overview

21.1.2. Form Offerings

21.1.3. Recent Developments

21.1.4. Financials (In Case of Listed Companies)

21.1.5. Key Personnel

21.2.             Petro Welt Technologies AG

21.2.1. Business Overview

21.2.2. Form Offerings

21.2.3. Recent Developments

21.2.4. Financials (In Case of Listed Companies)

21.2.5. Key Personnel

21.3.             Nika Petro Tech

21.3.1. Business Overview

21.3.2. Form Offerings

21.3.3. Recent Developments

21.3.4. Financials (In Case of Listed Companies)

21.3.5. Key Personnel

21.4.             JSC Borovichi Refractories Plant

21.4.1. Business Overview

21.4.2. Form Offerings

21.4.3. Recent Developments

21.4.4. Financials (In Case of Listed Companies)

21.4.5. Key Personnel

21.5.             Tacrom Services S.R.L.

21.5.1. Business Overview

21.5.2. Form Offerings

21.5.3. Recent Developments

21.5.4. Financials (In Case of Listed Companies)

21.5.5. Key Personnel

21.6.             UOS Drilling S.A.

21.6.1. Business Overview

21.6.2. Form Offerings

21.6.3. Recent Developments

21.6.4. Financials (In Case of Listed Companies)

21.6.5. Key Personnel

22. Strategic Recommendations

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Europe Proppant Market is anticipated to be USD 119.65 Million in 2022.

down-arrow

Frac Sand is the dominant product type in the Europe Proppant Market accounting for a share of 68.00% in 2022.

down-arrow

Shale Gas is the dominant form in the Europe Proppant Market accounting for a share of 38.19% in 2022.

down-arrow

Increasing demand of natural gas and rising adoption of advanced technology are the major drivers for the Europe Proppant Market.Increasing demand of natural gas and rising adoption of advanced technology are the major drivers for the Europe Proppant Market.

profile

Sakshi Bajaal

Business Consultant
Press Release

Europe Proppant Market to Grow with a CAGR of 15.14 % through 2028

Oct, 2023

Increasing demand of natural gas and rising adoption of advanced technology are the major driver of the Europe Proppant Market in the forecast period 2024-2028