Drilling Market Focus: Proppants in great demand; production constrained

Demand for manufactured proppants is growing, fueling the construction of new production facilities around the world.Analysts from the Freedonia Group say that the market for well-stimulation materials in the US will increase 7.7%/year through 2008. The US market was valued at $981 million in 2004, but the analysts see this increasing to $1.4 billion by 2008. Proppants will represent about 39% of the well-stimulation market in 2008, followed by base fluid materials (32%), and additives (27%).The analysts say that “proppants will remain the largest segment and grow the fastest” at 9.5%/year, to reach $550 million by 2008. They expect that foaming agents and cross-linking agents...

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