Market Size of Stimulation Materials Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | < 7.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Stimulation Materials Market Analysis
The stimulation materials market is expected to registera CAGR of less than 7%, during the forecast period. The major factors driving the growth of the market studied are the development of unconventional gas resources and an increase in the number of mature oilfields. On the flip side, the environmental andregulatory challenges, and the increasing ban on fracking have been hampering the growth of the studied market.
- The proppants segment dominated the market and are likely to grow during the forecast period, owing to the growing demand from the oil andgas industry.
- The recovering construction industry in South America and the development of bio-based products are likely to provide opportunities for the studied market during the forecast period.
- North America dominated the market across the world, with the continuous development of unconventional energy resources.
