Stimulation materials refer to microbes that are injected into the gas and wells for removing various heavy components, such as asphalt and wax. They aid in improving the flow of hydrocarbons from the drainage area to the well bored for oil and gas extraction purposes, thereby enhancing the overall productivity. Stimulation materials include gelling systems, scale inhibitors, buffers, crosslinkers and clay controllers. At present, they are commercially categorized based on their proppants, which includes ceramic, raw, and coated sand.
|Base Year: 2021|
|Forecast Year: 2022-2027|
According to the latest report by IMARC Group, titled “Global Stimulation Materials Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027”, The global stimulation materials market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
Stimulation Materials Market Trends and Drivers:
The increasing demand for crude oil for mandating the manufacturing requirements of several industries, such as textile, chemical, polymer, and plastic, is one of the key factors driving the stimulation materials market.
In line with this, the rising oil and gas exploration activities to extract fuel sources, along with the increasing discoveries in existing oilfields are propelling the market growth. Apart from this, the escalating investments in the research and development (R&D) activities for introducing advanced fracturing and acidizing techniques is contributing to the market growth.
Besides this, key players are pivoting their operating model toward digitalization by adopting advanced technologies, such as robotic automation and artificial intelligence (AI), which, in turn, is aiding in strengthening their existing portfolio.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Stimulation Materials Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Akzo Nobel N.V.
Baker Hughes Company
Carbo Ceramics Inc.
Chevron Phillips Chemical Company LLC
DuPont de Nemours Inc.
The report has segmented the market on the basis of region, type, technology and application.
Breakup by Type:
- Frac Sand
- Resin Coated
- Gelling Agents
- Friction Reducers
- Crosslinking Agents
- Corrosion and Scale Inhibitors
Breakup by Technology:
- Hydraulic Fracturing
- Multistage Fracturing
- Hydrochloric Acid Wash
- Matrix Acid Stimulation
- Acid Fracturing
Breakup by Application:
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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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