Stimulation Materials Market Size (2024 - 2029)

The stimulation materials market is anticipated to experience growth driven by the expansion of unconventional gas resources and the increasing number of mature oilfields. However, environmental and regulatory challenges, along with bans on fracking, pose obstacles to market expansion. The proppants segment leads the market, fueled by rising demand from the oil and gas sector. Opportunities are emerging from the recovering construction industry in South America and the development of bio-based products. North America holds a significant share of the market due to ongoing advancements in unconventional energy resources.

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Market Size of Stimulation Materials Industry

Bio-based Adhesives Market - Market Summary
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

Stimulation Materials Market Major Players

*Disclaimer: Major Players sorted in no particular order

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.

Stimulation Materials Industry Segmentation

The stimulation materials market report includes:

Material Type
Proppants
Frac Sand
Resin Coated
Ceramic
Chemical
Surfactants
Gelling Agents
Friction Reducers
Breakers
Crosslinking Agents
Corrosion and Scale Inhibitors
Biocides
Other Chemicals
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Stimulation Materials Market Size Summary

The stimulation materials market is poised for growth, driven by the development of unconventional gas resources and the increasing number of mature oilfields. However, the market faces challenges due to environmental and regulatory issues, including bans on fracking. The proppants segment, particularly frac sand, dominates the market, fueled by strong demand from the oil and gas industry. This demand is expected to rise with the recovery of the construction industry in South America and the development of bio-based products. North America leads the global market, benefiting from ongoing unconventional energy resource developments and robust shale gas exploration activities, especially in the United States.

The market's expansion is supported by the recovering oil and gas industry, with increased exploration and production activities observed in regions such as the North Sea, North America, and the Middle East. The discovery of unconventional resources in the Permian Basin and offshore oilfields in Mexico, along with production boosts in Canada, are expected to further drive market growth. The stimulation materials market is consolidated, with major players like Halliburton, Nalco, Baker Hughes, Chevron Philips Chemicals, and Schlumberger Ltd holding significant market shares. These trends indicate a promising outlook for the market during the forecast period.

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Stimulation Materials Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Development of Unconventional Gas Resources

      2. 1.1.2 Increase in Mature Oilfields

    2. 1.2 Restraints

      1. 1.2.1 Environmental and Regulation Challenges

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Technological Snapshot

    6. 1.6 Demand and Supply Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material Type

      1. 2.1.1 Proppants

        1. 2.1.1.1 Frac Sand

        2. 2.1.1.2 Resin Coated

        3. 2.1.1.3 Ceramic

      2. 2.1.2 Chemical

        1. 2.1.2.1 Surfactants

        2. 2.1.2.2 Gelling Agents

        3. 2.1.2.3 Friction Reducers

        4. 2.1.2.4 Breakers

        5. 2.1.2.5 Crosslinking Agents

        6. 2.1.2.6 Corrosion and Scale Inhibitors

        7. 2.1.2.7 Biocides

        8. 2.1.2.8 Other Chemicals

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 France

        4. 2.2.3.4 Italy

        5. 2.2.3.5 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle East & Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle East & Africa

Stimulation Materials Market Size FAQs

The Stimulation Materials Market is projected to register a CAGR of less than 7% during the forecast period (2024-2029)

Halliburton, Ecolab (Nalco), Baker Hughes, Chevron Philips Chemicals and Schlumberger Ltd are the major companies operating in the Stimulation Materials Market.

Stimulation Materials Report Snapshots

Stimulation Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)