Global Stimulation Materials Market Research and Forecast Report 2022-2027
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description and Highlights Report Description Global Stimulation Materials Market Research Report: According to the latest report by IMARC Group, titled “ Stimulation Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” the global stimulation materials market reached a strong growth in 2021. 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. Request Free Sample Report: https://www.imarcgroup.com/stimulation-materials-market/requestsample
Report Description and Highlights Report Description Global Stimulation Materials Market Trends : 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. Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
Report Description and Highlights Report Description Market Summary: Breakup by Type: • Proppants • Frac Sand • Resin Coated • Ceramic • Chemical • Surfactants • Gelling Agents • Friction Reducers • Breakers • Crosslinking Agents • Corrosion and Scale Inhibitors • Biocides • Others Breakup by Technology: • Hydraulic Fracturing • Multistage Fracturing
Report Description and Highlights
Report Description
Competitive Landscape with Key Players: Baker Hughes Company BASF SE Carbo Ceramics Inc. Chevron Phillips Chemical Company LLC DuPont de Nemours Inc. Halliburton Company Hexion Inc. Saint-Gobain S.A Schlumberger Limited • Solvay S.A. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/stimulation-materials-market
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