Driven by the rapid development of the oil and gas industry, the fracturing proppant industry has huge development potential

Fracturing proppant, also known as petroleum fracturing proppant, is a natural sand or artificial high-strength ceramic solid particle with a certain particle size and strength, a certain sphericity and gradation. The working principle of fracturing proppant is that when oil and gas are mined in deep wells, it enters the formation together with high-pressure solution and fills the rock formation cracks, thereby supporting the cracks and increasing the amount of oil and gas production. Fracturing proppant has the characteristics of high strength, low pollution, good corrosion resistance, strong flow conductivity, and good high temperature resistance. It is mainly used in the field of oil and gas well exploration.

According to different raw materials, fracturing proppant can be divided into three categories: quartz sand proppant, artificial ceramic particle proppant and film-coated proppant. The types are different and the scope of application is also different. Specifically, natural quartz sand uses silica as raw material and is mainly suitable for mining environments with shallow oil wells and low closed pressure layers; artificial ceramic proppant uses bauxite or other aluminum-containing minerals as raw material and is mainly suitable for deep-seated mining environments. Fracturing mining environment of low-permeability oil and gas layers; the coated proppant uses quartz sand, ceramsite, etc. as the skeleton and phenolic, epoxy and other resins as the outer coating. It is mainly suitable for deep closed high-pressure mining environments.

In recent years, against the background of the continuous expansion of the scale of my country’s oil exploration, fracturing proppant, as an essential material, has seen increasing market demand and increasing production. In the past five years, the number of new exploration wells for oil and gas exploration in my country has remained stable between 2,700 and 3,000, and the overall situation of oil and gas exploration wells has remained stable. At the same time, my country’s oil and gas industry currently maintains a good development momentum. According to data from the National Bureau of Statistics, my country’s crude oil production in 2021 will be 198.976 million tons, a year-on-year increase of 2.4%; natural gas production will be 205.26 billion cubic meters, a year-on-year increase of 8.2%.

In this context, according to the published “2022-2026 Global Fracturing Proppant Industry In-depth Market Research and Key Area Research Report”shows thatdomestic demand for fracturing proppant in 2021 will be 2.817 million tons; output It was 2.896 million tons, a year-on-year increase of 2.8%. At present, the supply and demand of my country’s fracturing proppant market are basically balanced, and the industry development trend is good. At this stage, domestic fracturing proppant companies mainly include Honghua Group, Bingyang Technology, Shanxi Fengshuo, Shuntong Petroleum, Tianhong Petroleum, Yangtze Materials, etc. There are many companies and the market competition is fierce.

Industry analysts personnel said that in recent years, against the background of the increasing number of new exploration wells for domestic oil and gas exploration and the increasing oil and gas production, pressure As an important material in the oil and gas extraction process, cracked proppant has a growing market demand and rising production, and the industry has good development prospects. However, the current development of my country’s fracturing proppant industry is still faced with serious problems of product homogeneity and increasingly fierce market competition. In the future, local companies will need to continue to increase product innovation capabilities and promote the continuous development of products in the direction of differentiation and high-end. The industry The development potential is huge.