Thursday 31 July 2014, AmsterdamThe new report now available on ASDReprots indicates that total spending on of proppant, will be $8.85bn in 2014. The continually expanding unconventional oil and gas markets are the key underlying factor for the proppants market over the next 10 years. To exploit these resources hydraulic fracturing (fracing) is employed; a process in which formations are fractured under high pressure and proppant pumped into the created fissures. The use of this method, combined with horizontal multi-stage fracturing, enables one rig to pump millions of pounds of proppant into a single well. Subsequently, any growth in capital expenditure on the development of unconventional hydrocarbon resources will lead to increased spending on proppants.