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Stock impact report

North America $7.66 Bn Proppant Market By Country, Competition, Forecast & Opportunities, 2019-2029F [Yahoo! Finance]

Smart Sand, Inc. (SND) 
NASDAQ:AMEX Investor Relations: ir.smartsand.com
Company Research Source: Yahoo! Finance
The North America Proppant Market was valued at USD 4.76 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 8.20% through 2029 Their outstanding attributes include resistance to heat and chemicals, exceptional conductivity, and remarkable strength, which collectively enhance the extraction of oil and gas from these wells. To achieve this, proppants are introduced into oil and gas-bearing rock formations under high pressure, approximately 12,000 psi, along with fracturing fluid. Here, they firmly secure and extend the fractures, ultimately resulting in the rapid flow of natural gas and crude oil to the surface of the well. The convergence of these factors collectively contributes to the growth of the North America Proppant Market within the forecast period. The United States will witness the fastest growth during the forecast period, 2025-2029. The demand for proppants in the United States has experienced a remarkable surge in recent Show less Read more
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