Ceramic Industry News

Demand for Well Stimulation Materials on the Rise (posted 3/10/09)

Global demand for well stimulation materials is projected to advance more than 14% per year to over $9 billion in 2012, according to “World Well Stimulation Materials,” a new study from The Freedonia Group, Inc. Growth will slow from the frantic pace of the past few years, which was prompted by record high oil and gas prices. However, advances will be sustained by expanded efforts to maintain productivity in maturing oil and gas fields, both in the large and well-established well stimulation markets, but also in areas that have not been traditional outlets for well stimulation materials, such as Latin America.

Producing nations around the world are increasingly turning to hydraulic fracturing and other stimulation techniques to reduce dependence on imports (e.g., the U.S.), increase export opportunities (e.g., Russia, Venezuela, Mexico) or to supply increasing domestic appetites for oil and gas (e.g., China, India and a host of developing countries in Africa, the Middle East and Asia).

Overall, the four largest markets (the U.S., Russia, Canada and China) will continue to account for a large majority of demand, nearly 90% in 2012. Russia and China are expected to register the fastest growth. A number of common factors contribute to the position of these four countries as significant markets for well stimulation materials. All are significant hydrocarbon producers, and all have large numbers of oil and gas wells. Perhaps most significantly, all have been longtime producers of oil and gas, and the most productive fields in these countries have long since seen their peak output. As such, oil producers in these four countries and others have turned to new and more difficult producing environments.

Although areas with declining production provide key opportunities for well stimulation materials, a substantial share of stimulation activity will be focused on less fully exploited reserves, such as deepwater areas in the Gulf of Mexico, the Caribbean, and coal beds in the Rocky Mountain region. To date, the U.S. and Canada have led in terms of coal bed development, but dozens of countries have the potential for such production. Several other countries offer strong prospects for well stimulation materials used in unconventional gas production via coal bed, shale gas or tight sandstone technologies, including many that are already significant producers of conventional oil and gas.

For more information, visit www.freedoniagroup.com.


Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

November 2014 Issue Highlights

Our November 2014 issue is now available! Posted: March 31, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI April 2015 edition

2015 April

You'll want to check out our continuing coverage of the inaugural Ceramics Expo event, plus articles on dental ceramics, glass coatings, refractories, and more!

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!