Proppants Market Forecasts to 2028 – Global Analysis By Type (Frac Sand, Resin-Coated Proppants, Ceramic Proppants), Application (Shale Gas, Tight Gas, Coalbed Methane) and By Geography
According to Stratistics MRC, the Global Proppants Market is accounted for $7.94 billion in 2020 and is expected to reach $18.44 billion by 2028 growing at a CAGR of 11.1% during the forecast period. The improvements in fracturing technology and new drilling techniques, increasing proppants consumption per well, innovation in proppants technologies and the growing natural gas demand to ensure energy security are driving the market growth. However, price fluctuations in the oil & gas sector are hampering the growth of the market.
Proppants or ceramic proppants produced in engineered proppants plants are sand-like materials that are used in the fracking and hydraulic fracturing stage of oil & gas production or extraction. They are used for fracking with various oil & gas resources such as shale gas, tight oil, and coal bed methane.
Based on the type, the frac sand segment is going to have lucrative growth during the forecast period as they are the preferred proppants at times when the oil prices declines and exploration & production (E&P) operators have to reduce their production cost. By geography, Asia Pacific is going to have high growth during the forecast period owing to he development of shale gas in the region.
Some of the key players profiled in the Proppants Market include 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. and Badger Mining Corporation (BMC).
Estimated Market Size in 2020:
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs & Figures
Type, Ceramic Proppant, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Frac Sand
• Resin-Coated Proppants
• Ceramic Proppants
Ceramic Proppants Covered:
• High Strength Ceramic Proppants
• Intermediate Strength Ceramic Proppants
• Light Weight Ceramic Proppants
• Other Ceramic Proppants
• Shale Gas
• Tight Gas
• Coalbed Methane
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Proppants Market is majorly driven by improvements in fracturing technology and new drilling techniques, increasing proppants consumption per well, innovation in proppants technologies and the growing natural gas demand to ensure energy security.
The frac sand segment is growing at a highest CAGR as they are the preferred proppants at times when the oil prices declines and exploration & production (E&P) operators have to reduce their production cost.
North America dominated with a significant market share due to the factors such as large number of hydraulic fracturing applications in the region.
Asia Pacific market is growing at a highest CAGR owing to the development of shale gas and demand for natural gas in the region.
Key players in Proppants Market include Carbo Ceramics Inc., Saint-Gobain Proppants Inc., U.S. Silica Holdings, Inc., Borovichi Refractories Plant, Yixing Orient Petroleum Proppant Co., Ltd., MineraçãoCurimbaba 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. and Badger Mining Corporation (BMC).
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