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.
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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:
- White Sand
- Brown Sand
- North America
- South America
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