US demand for well stimulation materials is forecast to rise 10.2 percent annually to nearly $12 billion in 2016. Growth will be driven by continued advances in hydraulic fracturing technology designed to increase the productivity of both new and existing wells. Proppants, gases, and base fluid materials will be among the fastest growing products.

This study analyzes the $7.4 billion US well stimulation material industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by product (e.g., proppants, fluid additives, base fluid materials, industrial gases) and regional market (Southern, Midwestern, Eastern, Western).

The study also considers market environment factors, details industry structure, evaluates company market shares and profiles 40 industry players, including CARBO Ceramics, Fairmount Minerals and FTS International.

				    TABLE OF CONTENTS

     SECTION									    PAGE

		INTRODUCTION							     xii

	I.	EXECUTIVE SUMMARY						       1

	II.	MARKET ENVIRONMENT						       4
		General								       4
		Macroeconomic Environment					       6
		Petroleum & Natural Gas Overview				       9
		   Petroleum Outlook						      13
		      Production						      16
		      Drilling							      21
		      Pricing							      23
		   Natural Gas Outlook						      25
		      Production						      28
		      Drilling							      33
		      Pricing							      34
		Well Stimulation Services Outlook				      37
		Historical Market Trends					      40
		Pricing & Product Mix						      44
		Environmental & Regulatory Considerations			      46
		   Federal							      47
		   State & Local						      50
		Foreign Trade							      52
		World Outlook							      52
		   World Petroleum & Natural Gas Reserves			      53
		      World Petroleum Reserves					      53
		      World Natural Gas Reserves				      55
		   World Petroleum & Natural Gas Production			      58
		      World Petroleum Production				      58
		      World Natural Gas Production				      60
		   World Well Stimulation Materials Outlook			      63

	III.	TECHNOLOGY							      66
		General								      66
		Well Drilling & Completion					      68
		   Horizontal Drilling						      68
		   Multilateral Drilling					      71
		   Coiled Tubing Drilling					      72
		   Underbalanced Drilling					      73
		   Well Completion						      73
		Well Stimulation Technologies					      75
		   Hydraulic Fracturing						      76
		   Acidizing							      79
		      Types							      80
		      Uses							      80
		      Retardation of Acid Reactions				      82
		   Fracture Acidizing						      84
		   Other Well Stimulation Technologies				      84
		Well Stimulation Fluids						      86
		   Fracturing Fluids						      87
		   Foamed Fracturing Fluids					      90
		   Acidizing Fluids						      91
		   Foamed Acidizing Fluids					      91
		   Seismology							      92

	IV.	PRODUCTS							      93
		General								      93
		Proppants							      97
		   Sand Proppants						     101
		      Coated Sand Proppants					     104
		      Raw Frac Sand Proppants					     106
		   Ceramic Proppants						     108
		      Clay-Based Ceramic Proppants				     111
		      Coated Ceramic Proppants					     113
		      Sintered Bauxite Ceramic Proppants			     115
		   Other Proppants						     116
		Fluid Additives							     118
		   Breakers							     121
		      Acid Breakers						     124
		      Oxidative Breakers					     125
		      Enzyme Breakers						     127
		   Friction Reducers						     129
		   Nonemulsifiers						     131
		   Fluid Loss Control Agents					     133
		   Biocides							     134
		   Corrosion Inhibitors						     136
		   Other							     138
		Base Fluid Materials						     141
		   Gelling Agents						     143
		      Guar Gum Gelling Agents					     145
		      Surfactant Gelling Agents					     147
		      Other Gelling Agents					     149
		   Foaming Agents						     150
		   Crosslinking Agents						     152
		   Acids							     155
		      Inorganic Acids						     156
		      Organic Acids						     158
		   Other							     160
		Industrial Gases						     161
		   Nitrogen							     163
		   Carbon Dioxide						     166
		Other Well Stimulation Materials				     168

	V.	REGIONS								     171
		General								     171
		   Producing Wells						     175
		   Regional Drilling						     178
		   Regional Rig Counts						     180
		   Well Stimulation Material Regional Overview			     182
		Southern Region							     185
		   Oil & Gas Well Overview					     185
		   Well Stimulation Material Demand				     187
		      Arkansas							     189
		      Federal/Gulf of Mexico					     190
		      Louisiana							     191
		      New Mexico						     192
		      Texas							     193
		      Other							     195
		Midwestern Region						     195
		   Oil & Gas Well Overview					     196
		   Well Stimulation Material Demand				     198
		      Kansas							     200
		      Kentucky							     201
		      North Dakota						     202
		      Ohio							     203
		      Oklahoma							     203
		      Other							     205
		Eastern Region							     206
		   Oil & Gas Well Overview					     206
		   Well Stimulation Material Demand				     208
		      Pennsylvania						     211
		      West Virginia						     212
		      Other							     213
		Western Region							     214
		   Oil & Gas Well Overview					     214
		   Well Stimulation Material Demand				     217
		      California						     219
		      Colorado							     220
		      Montana							     221
		      Utah							     221
		      Wyoming							     222
		      Other							     223

	VI.	INDUSTRY STRUCTURE						     225
		General								     225
		Market Share							     229
		   Proppant Market Share					     233
		   Other Market Share						     235
		Industry Composition & Restructuring				     236
		Marketing & Distribution					     239
		Research & Development						     241
		Competitive Strategies						     243
		Company Profiles						     245
		   Air Products and Chemicals Incorporated			     246
		   Akzo Nobel NV						     248
		   Albemarle Corporation					     249
		   Ashland Incorporated						     251
		   Atlas Resin Proppants, see Badger Mining
		   Badger Mining Corporation					     253
		   Baker Hughes Incorporated					     255
		   BASF SE							     258
		   Berkshire Hathaway Incorporated				     260
		   Canfrac Sands Limited					     261
		   CARBO Ceramics Incorporated					     262
		   Carmeuse Group SA						     265
		   Celanese Corporation						     266
		   Champion Technologies Incorporated				     267
		   Chemtura Corporation						     268
		   Chevron Phillips Chemical Company LLC			     269
		   Dow Chemical Company						     271
		   DuPont (EI) de Nemours					     275
		   Enerchem International Incorporated				     277
		   Exxon Mobil Corporation					     278
		   Fairmount Minerals Limited					     280
		   FMC Corporation						     283
		   FTS International LLC					     284
		   Gibson Energy ULC						     287
		   Halliburton Company						     288
		   Huber (JM) Corporation					     291
		   Imerys SA							     292
		   Kinder Morgan Energy Partners LP				     294
		   Lubrizol, see Berkshire Hathaway
		   M-I SWACO, see Schlumberger
		   Mineração Curimbaba Limitada					     296
		   Momentive Performance Materials Holdings LLC			     298
		   Moose Jaw Refinery, see Gibson Energy
		   Nexeo Solutions LLC						     300
		   Olin Corporation						     301
		   Plastics Engineering Company					     302
		   Praxair Incorporated						     303
		   Preferred Sands LLC						     304
		   Rhodia Novecare, see Solvay
		   Rio Tinto Group						     305
		   Saint-Gobain							     307
		   Santrol, see Fairmount Minerals
		   Schlumberger Limited						     309
		   SCR-Sibelco NV						     312
		   Solvay SA							     314
		   Unimin, see SCR-Sibelco
		   US Borax, see Rio Tinto Group
		   US Silica Company						     316
		Other Companies Mentioned in Study				     318


				      LIST OF TABLES

    TABLE NUMBER								    PAGE


		SECTION I -- EXECUTIVE SUMMARY
		Summary Table							       3

		SECTION II -- MARKET ENVIRONMENT
	1	Macroeconomic Indicators					       9
	2	US Energy Production & Consumption by Type			      12
	3	US Petroleum Supply & Demand					      15
	4	Petroleum Drilling Indicators					      23
	5	US Natural Gas Supply & Demand					      28
	6	Natural Gas Drilling Indicators					      34
	7	Well Stimulation Services Outlook				      40
	8	Well Stimulation Material Market, 2001-2011			      43
	9	Prices for Selected Well Stimulation Materials			      46
	10	World Petroleum Reserves by Country, 2011			      55
	11	World Natural Gas Reserves by Country, 2011			      57
	12	World Petroleum Production by Country, 2011			      59
	13	World Natural Gas Production by Country, 2011			      62

		SECTION III -- TECHNOLOGY

		SECTION IV -- PRODUCTS
	1	Well Stimulation Material Demand by Type			      96
	2	Proppant Demand by Type						     100
	3	Sand Proppant Demand by Type					     103
	4	Coated Sand Proppant Demand					     105
	5	Raw Frac Sand Proppant Demand					     108
	6	Ceramic Proppant Demand by Type					     110
	7	Clay-Based Ceramic Proppant Demand				     113
	8	Coated Ceramic Proppant Demand					     114
	9	Sintered Bauxite Proppant Demand				     116
	10	Other Proppant Demand						     118
	11	Fluid Additive Demand by Type					     120
	12	Breaker Demand in Well Stimulation by Type			     123
	13	Acid Breaker Demand in Well Stimulation				     125
	14	Oxidative Breaker Demand in Well Stimulation			     126
	15	Enzyme Breaker Demand in Well Stimulation			     129
	16	Friction Reducer Demand in Well Stimulation			     131
	17	Nonemulsifier Demand in Well Stimulation			     133
	18	Fluid Loss Control Agent Demand in Well Stimulation		     134
	19	Biocide Demand in Well Stimulation				     136
	20	Corrosion Inhibitor Demand in Well Stimulation			     138
	21	Other Well Stimulation Fluid Additive Demand			     141
	22	Base Fluid Material Demand by Type				     142
	23	Gelling Agent Demand in Well Stimulation by Type		     145
	24	Guar Gum Gelling Agent Demand in Well Stimulation		     147
	25	Surfactant Gelling Agent Demand in Well Stimulation		     148
	26	Other Gelling Agent Demand in Well Stimulation			     150
	27	Foaming Agent Demand in Well Stimulation			     152
	28	Crosslinking Agent Demand in Well Stimulation			     154
	29	Acid Demand in Well Stimulation by Type				     156
	30	Inorganic Acid Demand in Well Stimulation by Type		     158
	31	Organic Acid Demand in Well Stimulation by Type			     159
	32	Other Base Fluid Material Demand by Type			     161
	33	Industrial Gases Demand in Well Stimulation			     163
	34	Nitrogen Demand in Well Stimulation				     165
	35	Carbon Dioxide Demand in Well Stimulation			     168
	36	Other Well Stimulation Material Demand				     170

		SECTION V -- REGIONS
	1	Oil & Gas Producing States by Region				     175
	2	Producing Oil & Gas Wells by Region				     177
	3	Wells Drilled by Region						     179
	4	Active Rotary Rigs by Region					     181
	5	Well Stimulation Material Demand by Region			     184
	6	Southern Region: Oil & Gas Well Overview			     186
	7	Southern Region: Well Stimulation Material Demand by State	     188
	8	Midwestern Region: Oil & Gas Well Overview			     197
	9	Midwestern Region: Well Stimulation Material Demand
		   by State							     199
	10	Eastern Region: Oil & Gas Well Overview				     208
	11	Eastern Region: Well Stimulation Material Demand by State	     210
	12	Western Region: Oil & Gas Well Overview				     216
	13	Western Region: Well Stimulation Material Demand by State	     218

		SECTION VI -- INDUSTRY STRUCTURE
	1	US Well Stimulation Material Sales by Company, 2011		     227
	2	Selected Acquisitions & Divestitures				     238

				      LIST OF CHARTS

    CHART NUMBER								    PAGE

		SECTION II -- MARKET ENVIRONMENT
	1	US Crude Oil Imports by Source, 2011				      16
	2	US Petroleum Production, 2001-2011				      18
	3	Crude Oil Production by State, 2011				      19
	4	Crude Oil Producing States, 2011				      20
	5	Crude Oil Prices, 2001-2011					      25
	6	US Natural Gas Production, 2011					      31
	7	Natural Gas Production by State, 2011				      31
	8	Natural Gas Producing States, 2011				      32
	9	US Natural Gas Prices, 2001-2011				      35
	10	Crude Oil & Natural Gas Prices, 2001-2011			      37
	11	Well Stimulation Material Market, 2001-2011			      44

		SECTION III -- TECHNOLOGY
	1	Drilling Rigs by Type, 2001-2011				      70

		SECTION IV -- PRODUCTS
	1	Well Stimulation Material Demand by Type, 2011			      97
	2	Proppant Demand by Type, 2011					     101
	3	Ceramic Proppant Demand by Type, 2011				     111
	4	Fluid Additive Demand by Type, 2011				     121
	5	Base Fluid Material Demand by Type, 2011			     143

		SECTION V -- REGIONS
	1	Producing Oil & Gas Wells by Region, 2011			     177
	2	Wells Drilled by Region, 2011					     180
	3	Active Rotary Rigs by Region, 2011				     182
	4	Well Stimulation Material Demand by Region, 2011		     184
	5	Southern Region: Well Stimulation Material Demand
		   by State, 2011						     189
	6	Midwestern Region: Well Stimulation Material Demand
		   by State, 2011						     200
	7	Eastern Region: Well Stimulation Material Demand
		   by State, 2011						     211
	8	Western Region: Well Stimulation Material Demand
		   by State, 2011						     219

		SECTION VI -- INDUSTRY STRUCTURE
	1	US Well Stimulation Material Market Share, 2011			     230
	2	Proppant Market Share, 2011					     234
	3	Other Well Stimulation Material Market Share, 2011		     236