Study: Well Stimulation Materials to Rise Through 2016
- Published: Wednesday, 29 August 2012 16:28
U.S. demand for well stimulation materials is forecast to rise 10.2 percent annually to nearly $12 billion in 2016, according to a study offered by Cleveland-based The Freedonia Group. Growth will be driven by continued advances in hydraulic fracturing technology designed to increase the productivity of both new and existing wells. Proppants, gases, and base fluid materials will be among the fastest growing products.