In Asia-Pacific region, demand for frac sand is majorly between the countries which are producing natural gas. However, with increase in demand some of the major key players are investing more for enhancing the usage of frac sand in coming years which led the market growth in the forecast period. According to the study, “Asia Frac Sand Industry Situation And Prospects Research Report” some of the major companies which are currently functioning in this sector for the advancement in the technology and the product includes such as AEP Industries, Amcor, Bemis, Berry Plastics, Constantia Flexibles, DS Smith, Sealed Air, Sonoco and others. Not only has this, this report also provide the information about the key players of the frac sand market such as market share, company profile, production introduction, capacity, production, price, revenue, cost, gross margin analysis 2012-2017 and others.
Frac sand is a type of sand with uniform particles. It bears processing to optimize its strength. Most Frac Sand is a natural material made from high-purity sandstone.Frac sand is not used directly from the ground. Frac sand is used in the hydraulic fracturing process which is also known as Fracking to produce petroleum fuels such as oil, natural gas liquids, natural gas and others. A hydraulic fracturing process on one well can need a few thousand tons of sand. Therefore, the demand for frac sand has burst in the past few years as the usage of hydraulic fracturing processis being stimulated in thousands of Oil and Natural Gas wells. In addition, the frac sand is classified into segments of market such as Brady Brown Sand and Ottawa White Sand. Not only its classification is segmented but its applications are also segmented into various sector of market such as calendaring process Resin, Oil from Shales and other Tight Rocks.
With the expansion strategies and policies of the key players of frac sand market has witnesseda rapid growth in the forecast period. In addition, the report also covers the key consumers, suppliers and competitive market. However, the demand of frac sand has motivated by the companies which are manufacturing the product of natural gas and shale oil. Frac sand is used in various applications but major portion is dominated by the demand of the product such as flexible (converted) plastic packaging and in the process of hydraulic fracturing. Moreover, the research and development in this industry plays a significant role in the growth of the frac sand. With all the applications and development the market of frac sand leads to geographic growth to the market. Therefore the market of frac sand is spread across China, Japan, India, Korea, Saudi Arabia and other regions. Unsurprisingly, Asia-Pacific region is expected to become the growth center for the market. With the increase in population, the demand for natural gas and oil willrise in future which will further led to more competition in the market, the key player are becoming more optimistic in this industry which drives the demand and consumption even more for frac sand in the coming years.
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Ankur Gupta, Head Marketing & Communications