Global Proppant Market

Global Proppant Market Size, Share, Growth Analysis, By Product Type(Frac Sand, Resin-Coated Proppants), By Application(Shale Gas, Tight Gas) - Industry Forecast 2022-2028


Report ID: SQSG15A2008 | Region: Global | Published Date: July, 2022 | Pages: 157 | Tables: 66 | Figures: 65

Global Proppant Market Insights

The Global Proppant Market was valued at USD 8.4 Billion in 021, and it is expected to reach a value of USD 15.4 Billion by 2028, at a CAGR of 8.95% over the forecast period (2022 - 2028).

During the hydraulic fracturing (fracking) procedure, proppants—rough, consistently sized materials—are used with fracturing fluid to keep open cracks created in the earth. Hydraulic fracturing, a technique used to boost the oil and gas output from oil and natural gas wells, has recently raised the need for proppants.

Rising demand for proppants throughout the oil and gas sector owing to its hydraulic fracturing is one of the main reasons promoting the market's growth. The oil and gas sector use hydraulic fracturing to improve the flow of oil or gas from the well. Fracturing fluid is poured into the oil well together with proppants (propping agents) to keep the fissures open and allow the crude oil or natural gas to flow up into the well.

 

Market snapshot

Global Market Size

USD 8.4 Billion

Largest Segment

Frac Sand

Fastest Growth

Frac Sand

Growth Rate

8.95% CAGR

Global Anti Corrosion Coatings Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Anti Corrosion Coatings Market Size by Method, 2022-2028 ($ Bn)
Global Anti Corrosion Coatings Market Size by Method, 2022-2028 (%)

To get more reports on the above market click here to Buy The Report

Global Proppant Market Segmental Analysis

The Global Proppant Market is segmented based on the Product type, Application and Region. Based on the Product Type, the Global Proppant Market is segmented as Frac Sand, Resin-Coated Proppants, Ceramic Proppants. Based on Application, the Global Proppant Market is segmented as Shale Gas, Tight Gas, Coalbed Methane, Others (tight oil, deep gas and subsea hydrates). Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Analysis by Product Type

With a market share of over 50% in 2021, the frac sand category led the market and is predicted to continue to do so throughout the forecast period. They are crush-resistant, which enables the petroleum sector to employ them as fracking material. Since sand can only be used in wells with lower closure stresses, ceramic proppants, which are artificial, have a higher crush strength than sand. This makes ceramic one of the fastest-growing market categories.

In hydraulic fracturing, resin-coated proppants are employed to boost fracture conductivity, prevent formation particles from migrating toward the wellbore, halt proppant flow back, reduce fracture permeability loss through crushing or embedment, and preserve long-term fracture permeability. During the projected period, the industry is anticipated to significantly benefit from these aspects.

 

Global Anti Corrosion Coatings Market Share By Method, 2021 (%)

To get detailed analysis on other segments, Request For Sample Report

Global Proppant Market Regional Insights

Proppant's highest market share is in Asia-Pacific, which is also projected to increase at the quickest rate over the projection period. Due to the region's shale gas production, major APAC economies will see an increase in domestic demand for natural gas. By lowering the region's dependency on outside sources, the extraction of shale gas is anticipated to increase energy security in the area. On the other hand, shale gas development is still in its infancy. During the projection period, shale gas output in China will rise as the nation tries to imitate the US shale gas boom. This would greatly increase proppant demand in APAC.

 

 

Global Anti Corrosion Coatings Market By Geography, 2022 - 2028
  • Largest
  • Fastest

To know more about the market opportunities by region and country, click here to
Buy The Complete Report

Global Proppant Market Dynamics

Driver

Improvements in fracturing technology and new drilling techniques

  • The scenario for oil and gas production throughout the world has been fundamentally altered by the combination of horizontal drilling and multistage fracturing technology. More sand is being drilled and finished into horizontal wells by exploration and production firms, a trend that is expected to pick up speed over time. Due to longer laterals and higher loadings per lateral foot, the average sand consumption per horizontal well has quadrupled since 2013 and is still expected to rise. The rising demand for drilling proppants is the consequence of technologies being developed to promote the usage of natural sand/frac sand rather than ceramic sand.

Restraint

High cost of ceramic proppants

  • Ceramic proppants are made using an energy-intensive process from sintered bauxite, kaolin, and magnesium silicate or combinations of bauxite and kaolin. The proppants must be homogeneous in size, shape, sphericity, and roundness throughout the production process in order to increase the porosity and permeability of the proppants bed.

Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report

Global Proppant Market Competitive Landscape

The Global Proppant market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their company globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.

Top Player's Company Profiles

Recent Developments

  • In May 2022, Xilica and Sennheiser have expanded their collaboration with the introduction of two new pre-validated, plug-and-play "room kits" for medium and large collaboration spaces. The IT-compliant room kits combine premium PoE-powered Xilica and Sennheiser audio conferencing solutions in a single compact in-ceiling system, with all components connected via CatX network cable.
  • In June 2022, Nureva has announced the appointment of AV Supply Group as its Australian distributor. Nureva's audio conferencing products were first introduced to the New Zealand market in 2017, and the group's expansion into Australia recognizes the demand from the shift to hybrid working and learning models.

 

Global Proppant Key Market Trends

  • The most popular type of hydraulic fracturing proppant on the market is frac sand. Round-grain quartz sand that is incredibly robust and pure is used to make frac sand proppants. Sandstone makes up most of them.
  • Frac sand makes for around 83% of all proppants used because it is effective, affordable, and readily available. High-purity silica sand, a spherical shape that helps to carry it further in hydraulic fracturing fluid with minimal turbulence, and durability to resist crushing forces of closing fractures are superior qualities of high-quality frac sand that improve its use as proppants and thereby increase market demand.

Global Proppant Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our Global Proppant Market Analysis, the market for proppants is expanding at an extremely rapid rate, mostly because to the rising drilling activity in North America and the Asia-Pacific region. The advent of novel fracking techniques, such as horizontal multistage fracturing, which are predicted to acquire significant popularity in the following years, is expected to result in strong demand for proppants in the next years. Additionally, it is anticipated that increased research and development to create lightweight proppant variations would aid in the market's expansion during the forecast period.

 

Report Metric Details
Market size value in 021 USD 8.4 Billion
Market size value in 2028 USD 15.4 Billion
Growth Rate 8.95%
Base year 021
Forecast period 2022 - 2028
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Frac Sand, Resin-Coated Proppants, Ceramic Proppants
  • Application
    • Shale Gas, Tight Gas, Coalbed Methane, Others (tight oil, deep gas, subsea hydrates)
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
Customization scope

Free report customization with purchase. Customization includes:-

  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.

Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Proppant Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Proppant Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Proppant Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Proppant Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Proppant Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Proppant Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

$3,500
BUY NOW GET SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

SPEAK TO AN ANALYST

FAQ's

The Global Proppant Market was valued at USD 8.4 Billion in 021, and it is expected to reach a value of USD 15.4 Billion by 2028, at a CAGR of 8.95% over the forecast period (2022 - 2028).

The Global Proppant market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their company globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability. 'Carbo Ceramics Inc. (US)', 'COVIA (US)', 'JSC Borovichi Refractories Plant (Russia)', 'S. Silica Holdings Inc. (US)', 'Hi-Crush Inc. (US)', 'Mineração Curimbaba (Brazil)', 'XinmiWanli Industry Development Co., Ltd. (China)', 'Atlas Sand Company, Llc (US)', 'HEXION (US)', 'Schlumberger Limited (US)'

The scenario for oil and gas production throughout the world has been fundamentally altered by the combination of horizontal drilling and multistage fracturing technology. More sand is being drilled and finished into horizontal wells by exploration and production firms, a trend that is expected to pick up speed over time. Due to longer laterals and higher loadings per lateral foot, the average sand consumption per horizontal well has quadrupled since 2013 and is still expected to rise. The rising demand for drilling proppants is the consequence of technologies being developed to promote the usage of natural sand/frac sand rather than ceramic sand.

The most popular type of hydraulic fracturing proppant on the market is frac sand. Round-grain quartz sand that is incredibly robust and pure is used to make frac sand proppants. Sandstone makes up most of them.

Proppant's highest market share is in Asia-Pacific, which is also projected to increase at the quickest rate over the projection period. Due to the region's shale gas production, major APAC economies will see an increase in domestic demand for natural gas. By lowering the region's dependency on outside sources, the extraction of shale gas is anticipated to increase energy security in the area. On the other hand, shale gas development is still in its infancy. During the projection period, shale gas output in China will rise as the nation tries to imitate the US shale gas boom. This would greatly increase proppant demand in APAC.

Speak With Our Analyst

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Proppant Market

Product ID: SQSG15A2008

$3,500
BUY NOW GET SAMPLE