Hydraulic fracturing technology brings opportunities and challenges

It is the world's leading oil service industry consulting firm Spears; Associates released report shows that in 2011 the global  Hydraulic fracturing  market reached $ 31 billion, compared with $ 19 billion in 2010 substantial increase of 63%. 2012 is expected to further increase of 19%, up to $ 37 billion. Hydraulic fracturing technology will promote the development of the market ceramic sand, therefore, more and more manufacturers of  ceramic proppant  mushrooming active in the market.
The U.S. and Canada account for the global market share of the vast majority of hydraulic fracturing, close to 90%, but the next few years, other countries and regions, hydraulic fracturing market will show rapid growth. If in 2011 outside the U.S. and Canada in addition to hydraulic fracturing market share of $ 4 billion to $ 5 billion, then the next five years will grow to $ 10 billion. Which will be the fastest growing in Latin America, especially Argentina. Argentine  shale gas  development in the current situation in the West Texas is very similar. Current hydraulic fracturing market in Latin America reached $ 1.7 billion / year. These data continue to encourage the ceramic sand supplier constantly move forward.