Market Insights
The global market for proppants was estimated to be worth USD 8.2 billion in 2022, and it is anticipated to increase to USD 13.1 billion by 2028, at a compound annual growth rate of 8.5%.
The proppant market will be driven by advances in drilling and fracturing technology, rising proppant consumption per well, new proppant technologies, and rising natural gas demand to ensure energy security during the forecast period. Between 2022 and 2028, the increase in oil prices throughout the projection period will also increase demand for proppants.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Type Analysis
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Frac Sand, Resin-Coated Proppant, and Ceramic Proppant
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Frac Sand is anticipated to remain the largest proppant type in the years to come.
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Application Type Analysis
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Shale Gas, Tight Gas, Coal bed methane & Others
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Coal bed Methane is estimated to be the dominant and fastest-growing application type in the years to come.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest market over the next five years,
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Based on Type
The proppant market is segmented into Frac Sand, Resin-Coated Proppant, and Ceramic Proppant. A common proppant is frac sand. It is a naturally occurring proppant crafted from sandstone of the highest quality. Most of these proppants can be used with a 6,000-psi closure pressure. Frac sand has a substantial market share and is frequently chosen as a proppant when oil prices are falling, and E&P companies need to cut production costs. During the forecast period, the frac sand market is anticipated to be driven by rising US shale gas production as well as the creation of new shale gas basins around the globe.
Regional Analysis
Asia-Pacific is expected to remain the largest market for proppants during the forecast period. The development of shale gas in the area will enhance domestic demand for natural gas in major APAC nations. By reducing the countries' reliance on outside resources, the mining of shale gas is projected to improve the region's energy security. Shale gas development is still in its early stages, though. China is the main force behind countries employing cutting-edge technologies to extract shale gas from their reserves.
Shale gas extraction is riskier and more expensive than producing conventional gas. The extraction procedure is expected to be efficient, economical, and socially responsible. The region that produces the most coalbed methane worldwide is the Asia-Pacific. High coalbed methane reserves can be found, among other nations in the region, in China, India, Australia, Japan, and Indonesia. The region's low conventional natural gas deposits and high natural gas prices on the global market stimulate the development of coalbed methane. Due to the greatest coalbed methane deposits in the world, Australia is the leading nation in the area in terms of high commercial coalbed methane production. Additionally, these nations have large shale gas deposits.
The proppants market is segmented into the following categories:
By Proppant Type
- Frac Sand (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Resin-Coated Proppant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ceramic Proppant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Shale Gas(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Coalbed methane(Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tight Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete on some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the proppants market:
- Atlas Sand Company, LLC (US)
- Carbo Ceramics Inc. (US)
- COVIA (US, JSC Borovichi Refractories Plant (Russia)
- HEXION (US)
- Hi-Crush Inc. (US)
- Mineração Curimbaba (Brazil)
- U.S. Silica Holdings Inc. (US)
- Xinmi Wanli Industry Development Co., Ltd. (China)
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s proppants market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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