South America Proppants Market Summary, Competitive Analysis and Forecast to 2027

South America Proppants Market Summary, Competitive Analysis and Forecast to 2027
Summary

Proppants in South America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsProppants are solid materials, mostly sand, treated sand, or man-made ceramic materials used in hydraulic fracturing, a method used to extract oil and gas from deep underground sedimentary rock formations. Proppants prevent the opened fractures from closing on the release of pressure. These proppants are used to keep the artificially created hydraulic fractures open after the injection process to continue and enhance the extraction of oil and gas.The South American proppants market had total revenues of $0.8 billion in 2022, representing a negative compound annual growth rate (CAGR) of 0.6% between 2017 and 2022.Market consumption volumes declined with a negative CAGR of 1.1% between 2017 and 2022, to reach a total of 6,245.5 Kilotons in 2022.The growing exploration and production (E&P) of oil and natural gas from unconventional fields are boosting the demand for hydraulic fracturing, hence fostering the demand for proppants. Foreign and local investors are drawn to the Parnaba, Paraná, Solimes, and Amazonas basins for unconventional E&P.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the proppants market in South AmericaUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the proppants market in South AmericaLeading company profiles reveal details of key proppants market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the South America proppants market with five year forecastsReasons to BuyWhat was the size of the South America proppants market by value in 2022?What will be the size of the South America proppants market in 2027?What factors are affecting the strength of competition in the South America proppants market?How has the market performed over the last five years?What are the main segments that make up South America's proppants market?