Proppant development well

With the rise of shale gas exploration Low density proppant and development in China, China's ceramic proppant will usher in greater market development. The past two years, price rises ceramic proppant large increase in production costs in emerging economies will push up the price of proppant. Since the production of bauxite is an important raw material of ceramic, although China has the advantage of cheap local bauxite, but with the advance of China's rare earth ore strategy, future prices will keep rising, so there is a certain ceramic proppant price increases.
Meanwhile, China's ceramic proppant manufactured with good support capabilities, gradually replace the conventional proppant sand, into the US market. Data show that China-made ceramic proppant has occupied 13% of the total ceramic proppant market share in North America, the average annual business volume of $ 3 billion. Currently, the US shale oil and gas well drilling is entering the heating up, the demand for ceramic proppant great, price increases also have some tolerance. As long as oil and gas to maintain a certain price,Proppant China's production of ceramic proppant in the United States and other countries would be marketable.
At present, the research and development of Chinese ceramic proppant fracturing of oil well, showing good momentum of development. The future, the industry can continue to support high-strength oil fracturing support agent special ceramic materials and products technical development, focusing on the development of oil fracturing support agent products.