Freedonia In The News

Article Title: North American Proppant Demand to Reach $9.4 Billion in 2017
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Publication: Rock Products, 8/12/2013
Freedonia Study: Proppants in North America (3048)

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North American proppant demand has risen sharply since 2002, rising from $250 million to nearly $5 billion in 2012. While growth is expected to slow from the heady early years, stellar double-digit annual gains are still expected, with overall demand reaching more than 100 billion lb. by 2017, valued at $9.4 billion. Proppants have been critical to the expansion of oil and gas production in North America, setting off a chain of events that is revitalizing the region’s chemical processing and other industries. These and other trends are presented in Proppants in North America, a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.
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Article Title: Applied Minerals, Inc. and OPF Enterprises, LLC to Develop Ceramic Proppants Utilizing the Dragon Mi
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Publication: MarketWatch, 10/28/2013
Freedonia Study: Proppants in North America (3048)

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Drillers in the Bakken formation are some of the heaviest users of ceramic proppants due to the high pressures and temperatures encountered at drilling depths from 8,000 to over 12,000 ft. According to The Freedonia Group, Inc., approximately 5.3 billion lbs. of ceramic proppant were consumed in North America in 2012. Assuming a current average selling price of $0.30 per lb., the value of the market in 2012 was approximately $1.6 billion. The Freedonia Group, Inc. expects North American volume consumption of ceramic proppants to grow at a compounded annual rate of 8.8% from 2012 through 2017.
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Article Title: Fracking Sand Spurs Grain-Like Silos for Rail Transport
By: Thomas Black
Publication: Bloomberg News, 4/17/2014
Freedonia Study: Proppants in North America (3048)

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U.S. frac-sand shipments jumped more than fourfold to 20.9 million tons in 2012 from 4.9 million tons in 2007, according to Freedonia Group, a Cleveland-based market researcher. Demand is expected to more than double to 52.1 million tons by 2022, Freedonia said.
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