Proppants Market Forecast 2014 2024

Proppants Market Forecast 2014-2024

Frac Sand, Resin Coated Sand & Ceramic for Hydraulic Fracturing (Fracing) in Unconventional Oil & Gas

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Contents 1. Executive Summary 1.1 Global Proppants Market Overview

1.2 Global Proppants Market Segmentation

1.3 Market Definition

1.4 How This Report Delivers

1.5 Key Questions Answered by This Analytical Report

1.6 Why You Should Read This Report

1.7 Methodology

1.8 Frequently Asked Questions (FAQ)

1.9 Associated Visiongain Reports

1.10 About Visiongain

2. Introduction to the Proppants Market 2.1 Proppant Use in the Oil and Gas Industry

2.1.1 Brief History

2.1.2 Proppant Supply Chain

2.2 Proppant Types

2.2.1 Ceramic Proppant (CP)

2.2.2 Resin Coated Sand (RCS)

2.2.3 Frac Sand

2.3 Proppant Applications

2.4 Proppant Pricing

3. Global Proppants Market 2014-2024 3.1 Global Proppants Market Overview

3.2 Global Proppants Market Analysis

3.2.1 Drivers

3.2.2 Restraints

3.2.3 Summary of the Global Proppants Market Drivers and Restraints

3.3 Global Proppants Volume Forecast 2014-2024

4. Proppants Submarket Forecasts by Type 2014-2024 4.1 Proppant Type Submarket Comparison and Analysis

4.2 Ceramic Proppant Submarket 2014-2024

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Contents 4.2.1 Ceramic Proppant Submarket Overview

4.2.2 Ceramic Proppant Submarket Analysis

4.2.2.1 Drivers

4.2.2.2 Restraints

4.2.2.3 Summary of Drivers and Restraints of the Ceramic Proppant Submarket

4.2.3 Ceramic Proppant Submarket Volume Forecast 2014-2024

4.3 Resin Coated Sand Proppant Submarket Forecast 2014-2024

4.3.1 Resin Coated Sand Proppant Submarket Overview

4.3.2 Resin Coated Sand Proppant Submarket Analysis

4.3.2.1 Drivers

4.3.2.2 Restraints

4.3.2.3 Summary of Drivers and Restraints of the Resin Coated Sand Market

4.3.3 Resin Coated Sand Proppant Submarket Volume Forecast 2014-2024

4.4 Frac Sand Proppant Submarket 2014-2024

4.4.1 Frac Sand Proppant Submarket Overview

4.4.2 Frac Sand Proppant Submarket Analysis

4.4.2.1 Drivers

4.4.2.2 Restraints

4.4.2.3 Summary of Drivers and Restraints in the Frac Sand Submarket

4.4.3 Frac Sand Proppant Submarket Volume Forecast 2014-2024

5. Proppants Submarket Forecasts by Application 2014-2024 5.1 Proppant Application Submarket Comparison and Analysis

5.2 Coalbed Methane Proppants Submarket 2014-2024

5.2.1 Coalbed Methane Proppants Submarket Overview

5.2.2 Coalbed Methane Proppants Submarket Dynamics

5.3 Shale Gas Proppants Forecast 2014-2024

5.3.1 Shale Gas Proppants Submarket Overview

5.3.2 Shale Gas Proppants Submarket Dynamics

5.4 Shale (Tight) Oil Proppants Forecast 2014-2024

5.4.1 Shale (Tight) Oil Proppants Submarket Overview

5.4.2 Shale (Tight) Oil Proppants Submarket Dynamics

5.5 Tight Gas Proppants Forecast 2014-2024

5.5.1 Tight Gas Proppants Submarket Overview

5.5.2 Tight Gas Proppants Submarket Dynamics

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Contents 6. Leading National and Regional Proppants Market Share Forecast 2014-2024 6.1 Barriers to Entry Analysis

6.2 US Proppants Market & Submarket Forecasts 2014-2024

6.2.1 US Proppants Market Overview

6.2.2 US Proppants Market Analysis

6.2.2.1 Detailed Shale (Tight) Oil Outlook

6.2.2.2 Detailed Shale Gas Outlook

6.2.2.3 Detailed Tight Gas Outlook

6.2.3 Summary of US Proppant Market Drivers & Restraints

6.2.4 US Proppants Volume Forecast 2014-2024

6.3 Canadian Proppants Market & Submarket Forecasts 2014-2024

6.3.1 Canadian Proppants Market Overview

6.3.2 Canadian Proppants Market Analysis

6.3.2.1 Drivers

6.3.2.2 Restraints

6.3.2.3 Summary of Canadian Proppant Market Drivers & Restraints

6.3.3 Canadian Proppants Volume Forecast 2014-2024

6.4 Chinese Proppants Market & Submarket Forecasts 2014-2024

6.4.1 Chinese Proppants Market Overview

6.4.2 Chinese Proppants Market Analysis

6.4.2.1 Drivers

6.4.2.2 Restraints

6.4.2.3 Chinese Proppants Market Drivers & Restraints

6.4.3 Chinese Proppants Volume Forecast 2014-2024

6.5 Argentinean Proppants Market & Submarket Forecasts 2014-2024

6.5.1 Argentinean Proppants Market Overview

6.5.2 Argentinean Proppants Market Analysis

6.5.2.1 Drivers

6.5.2.2 Restraints

6.5.2.3 Summary of Argentinean Proppants Market Drivers and Restraints

6.5.2.3 Argentinean Proppants Volume Forecast 2014-2024

6.6 Rest of Asia Proppants Market & Submarket Forecasts 2014-2024

6.6.1 Rest of Asia Proppants Market Overview

6.6.2 Rest of Asia Proppants Market Analysis

6.6.2.1 Drivers

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Contents 6.6.2.2 Restraints

6.6.2.3 Summary of Rest of Asia Proppants Market Drivers & Restraints

6.6.3 Rest of Asia Proppants Market Volume Forecast 2014-2024

6.7 European Proppants Market & Submarket Forecasts 2014-2024

6.7.1 European Proppants Market Overview

6.7.2 European Proppants Market Analysis

6.7.2.1 Drivers

6.7.2.2 Restraints

6.7.2.3 Summary of European Proppants Market Drivers & Restraints

6.7.3 European Proppants Volume Forecast 2014-2024

6.8 Russian Proppants Market & Submarket Forecasts 2014-2024

6.8.1 Russian Proppants Market Overview

6.8.2 Russian Proppants Market Analysis

6.8.2.1 Drivers

6.8.2.2 Restraints

6.8.2.3 Summary of Russian Proppants Market Drivers and Restraints

6.8.3 Russian Proppants Volume Forecast 2014-2024

6.9 Australian Proppants Market & Submarket Forecasts 2014-2024

6.9.1 Australian Proppants Market Overview

6.9.2 Australian Proppants Market Analysis

6.9.2.1 Drivers

6.9.2.2 Restraints

6.9.2.3 Summary of Australian Proppants Market Drivers & Restraints

6.9.3 Australian Proppants Volume Forecast 2014-2024

6.10 Rest of Americas Proppants Market & Submarket Forecasts 2014-2024

6.10.1 Rest of Americas Proppants Market Overview

6.10.2 Rest of Americas Proppants Market Analysis by Country

6.10.3 Rest of Americas Proppants Volume Forecast 2014-2024

6.11 Rest of the World Proppants Market & Submarket Forecasts 2014-2024

6.11.1 Rest of the World Proppants Market Overview

6.11.2 Rest of the World Proppants Market Analysis

6.11.2.1 Drivers

6.11.2.2 Restraints

6.11.2.3 Summary of Rest of the World Proppants Market Drivers & Restraints

6.11.3 Rest of World Proppants Volume Forecast 2014-2024

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Contents 7. PEST Analysis of the Proppants Market 2014-2024

8. Expert Opinion 8.1 OPF Enterprises, LLC

8.1.1 Links Between Ceramics and Unconventional Oil and Gas

8.1.2 On Unconventional Oil and Gas

8.1.3 The Growth of Ceramic Proppants

8.1.4 Importing Ceramic Proppants

8.1.5 Proppant Pricing: Manufacturing and Transportation

8.1.6 Resin Coated Proppants

8.1.7 Competition Between Proppant Types

8.1.8 Technological Advances in Proppant

9. Leading Companies in the Proppants Market 9.1 Leading Suppliers in the Proppant Market

9.1.1 Leading Publicly Listed Proppant Suppliers

9.1.1.1 Carbo Ceramics Overview

9.1.1.1.1 Analysis

9.1.1.1.2 Comparative Competitor Analysis

9.1.1.1.3 Regional Focus

9.1.1.1.4 Future Outlook

9.1.1.2 Saint-Gobain Overview

9.1.1.2.1 Analysis

9.1.1.2.2 Competitors



9.1.1.3 US Silica Overview

9.1.1.3.1 Analysis




9.1.1.4 Hi Crush Partners Overview

9.1.1.4.1 Analysis



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Contents 9.1.1.4.4 Future Outlook

9.1.2 Other Leading Proppant Suppliers

9.1.2.1 BorProp (JSC "Borovichi Refractories Plant") Overview

9. 1.2.1.1 Analysis

9.1.2.2 Fores LLC Overview

9.1.2.2.1 Analysis

9.1.2.3 Imerys Overview

9.1.2.3.1 Analysis

9.1.2.4 Fairmount Minerals

9.1.2.5 Mineração Curimbaba Overview

9.1.2.5.1 Analysis

9.12.5.2 Regional Focus

9.1.2.6 Momentive Overview

9.1.2.7 Santrol Overview

9.1.2.8 Unimin Corporation

9.1.3 Other Proppant Suppliers in the Market

9.2 Proppant Transport Companies

9.2.1 Coast2Coast Ceramics LLC

9.2.2 Enserco Midstream, LLC/Frac Resources, LLC

9.2.3 Preferred Sands, LLC

9.2.4 Rockpile Energy Services

10. Conclusions & Recommendations 10.1 Market Outlook

10.2 Key Findings

10.3 Recommendations

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Proppants Market Forecast 2014-2024: Frac Sand, Resin Coated Sand & Ceramic for Hydraulic Fracturing (Fracing) in Unconventional Oil & Gas

6.5 Argentinean Proppants Market & Submarket Forecasts 2014-2024 Table 6.13 and Figure 6.28 show visiongain’s forecast for proppant expenditure in Argentina over

the next 10 years. Figure 6.29 shows how the Argentinean proppant market’s shares change

between 2014 and 2024.

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2014-24

Ceramic 35.6 45.9 64.0 81.1 90.8 126.6 178.7 241.0 291.8 322.9 356.7 386.9 2,186.4AGR (%) 29.2 39.3 26.7 12.0 39.5 41.1 34.9 21.1 10.7 10.5 8.5Resin Coated Sand 22.2 28.7 40.0 50.7 56.8 79.2 111.7 150.6 182.4 201.8 222.9 241.9 1,366.6AGR (%) 29.2 39.3 26.7 12.0 39.5 41.1 34.9 21.1 10.7 10.5 8.5Frac Sand 35.5 45.9 63.9 81.0 90.7 126.5 178.7 240.9 291.6 322.7 356.5 386.8 2,185.1AGR (%) 29.2 39.4 26.7 12.0 39.5 41.3 34.8 21.1 10.7 10.5 8.5

Total Sales 93.3 120.5 167.9 212.8 238.2 332.3 469.1 632.5 765.8 847.4 936.2 1,015.6 5738.2AGR (%) 29.2 39.3 26.7 12.0 39.5 41.2 34.8 21.1 10.7 10.5 8.5

2019-24 16.7

23.8

31.2CAGR (%) 2014-19

CAGR (%) 2014-24

0

5

10

15

20

25

30

35

40

45

0

200

400

600

800

1,000

1,200

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

AGR

(%)

CAPE

X ($

m)

Year Ceramic Resin Coasted Sand Frac Sand AGR %

Table 6.13 Argentinean Proppants Market & Submarket Forecasts 2014-2024 ($m, AGR %, CAGR%, Cumulative)

Source: Visiongain 2014

Figure 6.28 Argentinean Proppants Market & Submarket Forecasts 2014-2024 ($m, AGR%)


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6.8.3 Russian Proppants Volume Forecast 2014-2024

Table 6.24 shows figures for visiongain’s volume forecast for the Russian proppants market

between 2014 and 2024. Figure 6.39 displays visiongain’s forecast for volume of proppant sold in

the Russian market during this time. Both indicate frac sand’s position as the dominant proppant

throughout the forecast period, in terms of volume sold. Despite frac sand’s dominance throughout

the forecast, volumes of ceramic proppant and resin coated sand increase in the latter portion of

the forecast period due to the expansion of most unconventional oil and gas activities after 2020.

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Ceramic 7.5 12.5 15.0 20.0 30.0 40.0 75.0 154.0 262.5 315.0 364.0 399.0Resin Coated Sand 11.3 18.8 22.5 30.0 45.0 60.0 112.5 231.0 393.8 472.5 546.0 598.5

Frac Sand 1,072.2 1,109.7 1,128.5 1,166.0 1,241.0 1,316.0 1,578.5 1,155.0 1,968.8 2,362.5 2,730.0 2,992.5

Total 1,091.0 1,141.0 1,166.0 1,216.0 1,316.0 1,416.0 1,766.0 1,540.0 2,625.0 3,150.0 3,640.0 3,990.0

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Prop

pant

Vol

ume

(Mill

ion

Lbs)

Frac Sand Ceramic Proppant Resin Coated Sand

Figure 6.39 Russian Proppants Volume Forecast 2014-2024 (Million Lbs)



Table 6.24 Russian Proppants Volume Forecast 2014-2024 (Million Lbs)

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8. Expert Opinion

8.1 OPF Enterprises, LLC

Bryan Geary is the President of OPF (On the Plant Floor) Enterprises. Bryan has 25 years of

experience in ceramics and different manufacturing roles. These include laboratory manager,

production supervisor, production manager, plant manager and director of manufacturing. After 20

years of working with structural ceramics, where he gathered expertise from around the world in

ceramic technologies, materials, and processing, Bryan began working in the field of ceramic

proppants.

OPF has several divisions, offering expertise in consulting, ceramic technology and equipment.

OPF’s consulting services include general business, manufacturing plant (including site selection

and start-ups), and industry specific consulting (including ceramic manufacturing). Their ceramic

division includes a ceramic development and testing lab, where they can assist with ceramic

formulations, raw material selection, process design, and plant layouts. Their knowledge base of

ceramics is broad, allowing OPF Enterprises to offer manufacturing support for ceramic tile, brick,

sanitary ware, advanced technical ceramics, and proppants.

Visiongain interviewed Bryan Geary in May 2014 and would like to thank him for his time and

expertise.

8.1.1 Links Between Ceramics and Unconventional Oil and Gas

Visiongain: You have quite a history of working with ceramics in various sorts. How have

you carried that over to the proppants industry?

Bryan Geary (BG): I was working for Dal Tile in Dallas, Texas at the time, when I was recruited by

a start up that initially formed out of Rice University in Houston. This firm is called Oxane Materials.

They had been working on R&D in a few different advanced ceramic technologies before I came

along. I came on board to assist with getting them into the manufacturing of ceramic proppants. As

Director of Manufacturing for that company, my job was to find a place to build a manufacturing

operation and get them into high quality production as timely as possible.

Visiongain: And moving from Oxane Materials, now you have started OPF Enterprises?

BG: Yes, four years ago together with business partner Carl Sorrell, I started OPF Enterprises. I’ve

been an entrepreneur for years, owning a few other businesses, so it was a natural evolution for

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9.1.1.1 Carbo Ceramics Overview

2013 Total company revenue $667.4 % of revenue from this market

100%*

Headquarters Houston, Texas, USA Ticker NYSE:CRR IR Contact Mark Thomas

Investor Relations Manager [email protected]

(281) 921-6400 Website www.carboceramics.com

*Small percentage of revenue from consulting and technology services directly related to the

implementation of proppants in hydraulic fracturing.

Product Further Details

CARBO BOND LITE® Resin coated ceramic proppant. Designed to prevent

proppant flow-back.

CARBO BOND RCS®

Northern White Resin Coated Sand. Pre-cured and

curable varieties available.

CARBO ECONOPROP® Low cost ceramic proppant.

CARBO HSP® Highest strength ceramic proppant.

CARBO HYDROPROP® Lightweight ceramic proppant with improved

performance in ‘slickwater’ fracturing.

CARBO LITE® Lightweight ceramic proppant to enhance EUR of wells

where strength of ceramic proppant not necessarily

needed.


Table 9.2 Carbo Ceramics Overview 2013 (Total Company Revenue, Revenue from Market %, HQ, Ticker, IR Contact, Website)

Table 9.3 Carbo Ceramics Proppants (Product, Further Details)

mailto:[email protected]

Business

Proppants Market Forecast 2014 2024