Global Stimulation Materials Market Report 2022-2027 Size, Industry Share, Growth, Trends, Demand and Analysis
According to the latest report by IMARC Group, titled " Stimulation Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ", it is projected to reached a value of US$ 48.1 Billion in 2021. Looking forward, IMARC Group expects the market is anticipated to reach a value of US$ 92.1 Billion by 2027, expanding at a CAGR of 11.35% during 2022-2027. Stimulation materials generally comprise of proppants, including coated sand, raw frac, clay-based ceramic, sintered bauxite, etc., that are used in oil and gas wells to inject microbes and remove deposits of heavy components, such as wax and asphaltene. Presently, leading manufacturers are introducing ultra-lightweight proppants that minimize injected fluids, frac height, and the need for wellbore cleanouts. In addition to this, they are also providing standard and customized chemical solutions for enhancing the stimulation process. These solutions include advanced integrated fluid systems,...