
News
Development of petroleum proppant industry
Release time: 2022-12-21
In recent years, with the development of domestic oil fracturing proppant production, the export volume of oil fracturing proppant products has gradually grown from scratch, from less to more. However, overall, exports are still smaller than imports. Moreover, the products are mainly concentrated in the middle and low end products with low added value, while the imported products are high-end products with high added value, such as high-strength oil fracturing proppant products with excellent performance. The development of China's oil fracturing proppant industry is not fast. The average annual growth rate of market size is about 15%, and the average annual growth rate of total production capacity is about 12%. There are a large number of enterprises, but most of them are small enterprises with low output and low technology content. The means of competition are mainly focused on product prices, and there are no super large enterprises that occupy a large market share.
The domestic oil demand continues to increase, and the dependence on foreign oil continues to increase. In order to meet the increasing domestic demand for oil, the oil exploitation industry has developed rapidly. Corresponding to this is the rapid expansion of the production of related products. China's oil fracturing proppant industry has developed rapidly during this period, with the market scale increasing by 20%.
In 2009, the investment amount of domestic oil fracturing proppant industry was 470 million yuan, which increased to 620 million yuan in 2011, with an average annual growth rate of more than 13%.
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