Low Strength Proppants Market To Boom in North America in Coming Years
From $3,713.3 million in 2019, the low strength proppants market revenue is expected to surge to $5,294.8 million by 2030. According to the estimates of the market research company, P&S Intelligence, the market will demonstrate a CAGR of 9.8% from 2020 to 2030 (forecast period). The market is being propelled by the surging oil and gas exploration and production (E&P) activities and rapid technological advancements and innovations in crude oil recovery. The players operating in the Asia-Pacific (APAC) and North American regions are making huge investments to improve exploration of new oil and gas reserves. Additionally, power production, especially in the U.S., is predicted to surge massively in the coming years, owing to the development of novel and improved technologies. This is subsequently predicted to propel the use of low-density proppants, which will, in turn, drive the progress of the low strength proppants market. U.S. oil and gas explorers are increasingly ...