Frac Sand Market to Contribute over 4% CAGR in Speciality Chemicals Industry | Technavio

NEW YORK, June 24, 2021 /PRNewswire/ -- The frac sand market is expected to grow by USD 1.59 billion during 2021-2025, according to Technavio. The frac sand market is driven by the growing demand for fine mesh raw frac sand. In addition, other factors such as the increasing number of strategic alliances are expected to trigger the frac sand market toward witnessing a CAGR of over 4% during the forecast period.

Technavio has announced its latest market research report titled Frac Sand Market by Type and Geography - Forecast and Analysis 2021-2025

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The frac sand market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

The continued spread of the coronavirus pandemic has forced organizations across the globe to gradually flatten their recessionary curve by leveraging technology. Many businesses are going through go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

Major Three Frac Sand Market Participants:

Badger Mining Corp.: The company offers CARBONORTHERN WHITE high conductivity Ottawa Frac Sand.

CARBO Ceramics Inc.: The company offers frac sand through its subsidiary Osburn Materials.

Sibelco Group: The company offers proppant which is durable and crush-resistant material.

Frac Sand Market 2021-2025: Segmentation

Frac sand market is segmented as below:

  • Type
    • White Sand
    • Brown Sand
  • Geography
    • North America
    • Europe
    • APAC
    • MEA
    • South America

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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