Global demand for well stimulation materials will rise 14 percent annually through 2015. Advances will be driven by higher oil prices that have spurred increased drilling activity and justified the additional costs of well stimulation. The US will remain the dominant market.
This study analyzes the $5.8 billion world well stimulation material industry. It presents historical demand data for the years 2000, 2005 and 2010, and forecasts for 2015 and 2020 by type (e.g., proppants, base fluid materials, fluid additives, gases), country (US, Russia, China, Canada) and world region (Latin America, Europe, Asia/Pacific, Africa/Mideast).
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 43 industry competitors, including CARBO Ceramics, Fairmount Minerals and Frac Tech Services.