Thursday, February 16, 2017 12:21:20 AM
The industry or niche market ESPIQ is in, is estimated to grow by $12.4billion by 2020 & Fracking is not going anywhere and nether are the bacteria which ESPIQ chemicals kill.
With an increase in demand for cost-saving products and services in the petrochemical industry, ESP Resources has experienced exponential growth in its customer base, both in domestic and in international markets. This higher volume business has resulted in increased margins and reduced prices for utilized raw materials. These two factors have also contributed significantly to lower per unit material costs.
Underlying the expansion of the industry and the company is the sector wide backlog of fracturing work which is fueling-in particular-the North American market. This market alone is anticipated to grow by $12.4 billion-per year-by 2020. As projected by Morgan Stanley, the petrochemical industry is entering its strongest period of demand in the last 20 years. Production estimates in the U.S. alone stand at 89 billion barrels, utilizing the technologies ESP Resources services.
http://seekingalpha.com/article/1124621-organic-growth-esp-resources-inc
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