The global stimulation materials market size reached US$ 59.6 Billion in 2023. Looking forward, the market is expected to reach US$ 142.6 Billion by 2032, exhibiting a growth rate (CAGR) of 10.2% during 2023-2032.
Stimulation materials are used in oil and gas wells to inject microbes and remove deposits of heavy components, such as wax and asphaltene. They generally comprise proppants, including coated sand, raw frac, clay-based ceramic, and sintered bauxite. Nowadays, leading manufacturers are introducing ultra-lightweight proppants that reduce frac height, injected fluids, and the need for wellbore cleanouts. They are also offering standard and customized chemical solutions for enhancing the stimulation process and the flow of oil and gas. These solutions include advanced integrated fluid systems like crosslinkers, breakers, buffers, clay control, surfactants, biocides, friction reducers, scale inhibitors, and gelling systems.
The rising oil and gas prices worldwide are also encouraging companies to adopt advanced methods like stimulation. Furthermore, key manufacturers are introducing products that provide thermal stability and chemical and crush resistance and prevent proppant flow back in high-temperature and closure stress environments during the fracturing of deep gas and oil wells. They are also offering value-added coated sand and ceramic proppants that minimize water usage while increasing well productivity. These innovations are projected to impel the growth of the market.
Stimulation materials are used in oil and gas wells to inject microbes and remove deposits of heavy components, such as wax and asphaltene. They generally comprise proppants, including coated sand, raw frac, clay-based ceramic, and sintered bauxite. Nowadays, leading manufacturers are introducing ultra-lightweight proppants that reduce frac height, injected fluids, and the need for wellbore cleanouts. They are also offering standard and customized chemical solutions for enhancing the stimulation process and the flow of oil and gas. These solutions include advanced integrated fluid systems like crosslinkers, breakers, buffers, clay control, surfactants, biocides, friction reducers, scale inhibitors, and gelling systems.
Stimulation Materials Market Trends:
The increasing need for fuel is positively influencing the use of shale gas worldwide. This represents one of the major factors influencing the demand for stimulation materials worldwide for extracting shale gas via hydraulic fracking in hydrocarbon reservoirs. Moreover, governments of numerous countries are implementing stringent regulations to minimize the negative effects of hydraulic fracking. This, in turn, is promoting the adoption of green materials with less impact on the environment. Apart from this, advances in hydraulic fracturing technology, such as horizontal drilling, high-volume, and multistage, along with the development of shale resources, are driving the demand for new stimulation materials to improve drilling efficiencies.The rising oil and gas prices worldwide are also encouraging companies to adopt advanced methods like stimulation. Furthermore, key manufacturers are introducing products that provide thermal stability and chemical and crush resistance and prevent proppant flow back in high-temperature and closure stress environments during the fracturing of deep gas and oil wells. They are also offering value-added coated sand and ceramic proppants that minimize water usage while increasing well productivity. These innovations are projected to impel the growth of the market.
Key Market Segmentation:
This report provides an analysis of the key trends in each sub-segment of the global stimulation materials market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on type, technology and application.Breakup by Type:
- Proppants
- Frac Sand
- Resin Coated
- Ceramic
- Chemical
- Surfactants
- Gelling Agents
- Friction Reducers
- Breakers
- Crosslinking Agents
- Corrosion and Scale Inhibitors
- Biocides
- Others
Breakup by Technology:
- Hydraulic Fracturing
- Multistage Fracturing
- Re-fracturing
- Acidization
- Hydrochloric Acid Wash
- Matrix Acid Stimulation
- Acid Fracturing
Breakup by Application:
- Onshore
- Offshore
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Baker Hughes Company, BASF SE, Carbo Ceramics Inc., Chevron Phillips Chemical Company LLC, DuPont de Nemours Inc., Halliburton Company, Hexion Inc., Saint-Gobain S.A, Schlumberger Limited and Solvay S.A.Key Questions Answered in This Report:
- How has the global stimulation materials market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global stimulation materials market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global stimulation materials market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Stimulation Materials Market
6 Market Breakup by Type
7 Market Breakup by Technology
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Akzo Nobel N.V.
- Baker Hughes Company
- BASF SE
- Carbo Ceramics Inc.
- Chevron Phillips Chemical Company LLC
- DuPont de Nemours Inc.
- Halliburton Company
- Hexion Inc.
- Saint-Gobain S.A
- Schlumberger Limited
- Solvay S.A
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | September 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 59.6 Billion |
| Forecasted Market Value ( USD | $ 142.6 Billion |
| Compound Annual Growth Rate | 10.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
