Proppants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

March 2022 •
105 pages •
Report ID: 5764996 •
Format: PDF

Summary
Table of contents

The global proppants market reached a value of US$ 8 Billion in 2021.

Looking forward, the analyst expects the market to reach US$ 10.9 Billion by 2027, exhibiting at a CAGR of 5.24% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Proppants are abrasive materials that are employed in the process of hydraulic fracturing, also known as fracking, to keep fissures open in shale rock. They assist in the extraction of oil and gas by forming a channel through which hydrocarbons can flow more freely. It’s widely available in different shapes, sizes, densities and qualities and play a vital role in influencing the final permeability of fissures. These are two types available in the market are naturally occurring (frac sand) and human-made/engineered. Amongst these, man-made proppants are further bifurcated into resin-coated and ceramic variants. It is extensively utilized in the oil and gas industry as they are conductive and crush resistant.

Market Drivers:
The rising demand for oil and natural gas in both developed and emerging economies represents one of the significant growth-inducing factors in the proppants industry. Earlier, oil and natural gas were procured using traditional extraction techniques. As these resources are depleting, there has been a subsequent rise in the adoption of unconventional oil and gas extraction techniques that involve the usage of proppants for smooth flow of resources. Besides this, manufacturers are also introducing new fracking techniques such as horizontal multistage fracturing. Since these techniques are anticipated to gain traction in the coming years, they are creating a positive outlook for the market. Furthermore, enhanced research and development (R&D) to develop lightweight proppant variants are also contributing to the market growth.

Key Market Segmentation:
the analyst provides an analysis of the key trends in each sub-segment of the global proppants market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and application.

Breakup by Product Type:
Resin Coated Sand
Ceramic Proppants
Frac Sand

Frac sand currently represents the most preferred product type owing to its low price.

Breakup by Application:
Shale Gas
Tight Gas
Coal Bed Methane
Others

At present, shale gas accounts for the majority of the total market share on account of its extensive usage in power generation and transportation.

Regional Insights:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America

On the geographical front, North America represents the largest market. This can be accredited to the moderate recovery in oil prices and the introduction of longer laterals to increase natural gas production in the region.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of the leading players are:

Carbo Ceramics Inc.
Saint-Gobain Proppants Inc.
U.S. Silica Holdings, Inc.
Borovichi Refractories Plant
Yixing Orient Petroleum Proppant Co., Ltd.

Mineração Curimbaba Ltda.
China GengSheng Minerals, Inc.
Fairmount Santrol Holdings Inc.
Superior Silica Sands LLC
Hi-Crush Inc.
Hexion Inc.
Unimin Corporation
Preferred Sands LLC
Fores Ltd.
Badger Mining Corporation (BMC)
Smart Sand Inc.
Mississippi Sand LLC
ChangQing Proppant Corporation
Yangquan Changqing Petroleum Proppants Co., Ltd.

Eagle Materials Inc.

Key Questions Answered in This Report:

How has the global proppants market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global proppants market?
What are the key regions?
Which are the popular product types?
What are the key application segments?
What are the various stages in the value chain of the global proppants market?
What are the key driving factors and challenges in the global proppants market?
What is the structure of the global proppants market and who are the key players?
What is the degree of competition in the global proppants market?
How are proppants manufactured?

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager