Long term growth predicted in fracking fluids and proppants despite oil price decline
Published: Friday, 11 September 2015
Although one third of economists believe that the oil price could weaken further, taking proppant prices down with it, the long-term fundamentals of the industry are still intact.
The fracking fluid and chemicals markets could be worth
$32.4bn by 2020, according to new research published by
Growth is expected to be driven by rising demand for fuels
and electricity, which is anticipated to push up consumption of
fracking fluids and chemicals.
Despite the drop in oil...