The ‘Argentina Frac Sand Market Size, Share, Price, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Argentina frac sand market, assessing the market on the basis of its segments like type and end use.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Argentina Frac Sand Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 10.20%
The Argentina frac sand market is being driven by the increasing demand for power and the thriving oil and gas exploration industry in the country. In Argentina, there are extensive reserves for both shale oil and shale gas, leading to a heightened demand for frac sand. The government is also increasing investments towards the development of the energy sector for internal and export purposes. With the growing demand for energy, fuelled by improvements in standards of living and rising disposable incomes, hydraulic fracturing is extensively being used to recover oil and gas, thereby bolstering the growth of the frac sand market in Argentina.
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The demand for natural gas is on the rise due to growing focus on environmental protection as natural gas it burns cleaner in comparison to traditional fossil fuels and emits fewer toxic chemicals, thereby protecting the environment. Frac sand aids in the recovery of natural gas and natural gas liquids from shale deposits in Argentina, by propping open fractures in the shale to release natural gas products. Key players in the market are expanding their production capabilities in order to meet the growing demands for oil and natural gas exploration while focusing on quality production, leading to increased Argentina frac sand market development.
Argentina Frac Sand Industry Definition and Major Segments
Frac sand is a specialised type of sand that is used in hydraulic fracturing processes, also known as fracking. Obtained from pure sandstone, frac sand is a high purity quarts sand that is highly durable with round grains. Typically found naturally, frac sand ca also be manufactured synthetically. Due to its fine grains, it acts as a proppant in hydraulic fracturing.
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Based on type, the market is divided into:
- White Sand
- Brown Sand
- Others
On the basis of end use, the market is categorised into:
- Oil Exploration
- Natural Gas Exploration
- Others
Argentina Frac Sand Market Trends
Advancements in technology in terms of oil and natural gas exploration processes and production of frac sand are among the key trends influencing the Argentina frac sand market. Rising popularity of horizontal multistage fracturing and the importance of good quality frac sand for improved productivity of fracturing processes are further increasing the demand for the frac sand market in Argentina. The surge in demand for frac sand and limited supply are leading to higher costs of frac sand, offering lucrative opportunities for market growth.
In Argentina, exploration and development of the Vaca Muerta reserve is projected to surge in the coming years. Considered to have significantly large deposits of shale oil and shale gas, the government is extensively investing in oil and gas exploration activities in Vaca Muerta and infrastructural development of the area. Improved road infrastructure and logistics support are streamlining the supply chain for frac sand, further supporting the Argentina frac sand market.
White sand type of frac sand account for a sizable share of the frac sand market in Argentina, due to its superior quality and higher crush strength. Moreover, white frac sand aids in improving the recovery rates of hydrocarbon during hydraulic fracturing processes. Accordingly, end users interested in faster and more efficient oil and gas extraction are investing in relatively higher costing white frac sand.
Key Market Players
The major players in the Argentina frac sand market report are:
- Sibelco Group
- Arenas Argentinas del Paraná
- Cantera La Chola
- Grupo Arenas Patagónicas
- NRG Argentina S.A.
- Others.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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