Proppant Market: Global Industry Analysis and Forecast (2022-2029)

Proppant Market reached a value of US $ 8.34 Bn. in 2021. Frac sand is one of the dominating segment of the Global Proppant Market.

Proppant Market Overview:

Proppant is a small size ceramics ball, which are used to keep the artificial or hydraulic fractures to keep the shale rocks fractures open. It prevents opened fracture from closing on release of pressure. They help in oil and gas production by forming a conduit for hydrocarbons to flow more freely through. It comes in a variety of shapes, sizes, densities, and quality, and it plays an important role in determining the eventual permeability of fissures. It's mixed into a fracking fluid, which can be gel, foam, or slickwater–based and can vary in composition depending on the type of fracturing applied. There may also be unconventional fracking fluids. At low closure stresses, large mesh proppants have larger permeability than small mesh proppants, but at high closure stresses, mechanical failure occurs, resulting in very tiny particles, therefore smaller mesh proppants surpass large mesh proppants in permeability after a certain verge of stress.Global Proppant MarketTo know about the Research Methodology :- Request Free Sample Report

Proppant Market Dynamics:

The combination of horizontal drilling and multistage fracturing technology has fundamentally transformed the oil and gas production landscape across the globe. Exploration and production companies are incorporating more sand each stage into their drilled and completed horizontals, a trend that is expected to accelerate over time. The average sand consumption per horizontal well has tripled since 2013, and it is expected to continue to rise due to longer laterals and higher loadings per lateral foot. The development of technologies to promote the use of natural sand/Frac sand instead of ceramic sand has resulted in a strong demand for drilling proppants. The use of frac sand decreases the raw material price by more than 50%. According to the US EIA, hydraulic fracturing is used in 95 % of wells drilled, which reflects well for the hydraulic fracturing business. The revenues generated from the hydraulic fracturing & services market are consistently increasing in the United States and Canada adds to the market's potential growth. Proppants that are meant to keep an induced hydraulic fracture open during the process are clearly required by the service providers. In addition, exploration and production activities are progressing, resulting in a noticeable increase in demand in the hydraulic fracturing industry, which is driving the proppants market growth. Ceramic proppants are generated using an energy-intensive manufacturing method from sintered bauxite, kaolin, and magnesium silicate or combinations of bauxite and kaolin. This manufacturing method is complicated because the proppants must be consistent in size, shape, sphericity, and roundness in order for the proppants bed to have increased porosity and permeability. Ceramic proppants outperform frac sand in terms of strength and crush resistance, able to endure closing stresses ranging up to 20,000 psi. Because ceramic proppants are a designed product with a more complex production process, they are more expensive than uncoated or resin-coated proppants. The cost of ceramic proppants is about 50% higher than that of frac sand. Pricing Analysis: Proppants were valued at the US $ 0.68 to 1.27 per kg in 2021 all across the globe. For Instance, Ceramic proppants ranged in price from the US $ 1.02 to 1.24 per kg in the same year. By 2029, proppants are expected to see a modest increase in price, with a range of US $ 0.74 to 1.42 per kilogram. The accessibility and pricing of raw materials are expected to influence the price adjustment, and demand for proppants is expected to increase significantly during the forecast period. Share of global upstream oil and gas investment by asset type: Global Proppant Market

Proppant Market Segment Analysis:

Based on the Type, the Proppant Market is segmented into Frac Sand, Resin Coated Proppant, and Ceramic Proppant. The Frac Sand segment held the largest market share accounting for 83% in 2021. The segment growth is mainly attributed to its lower cost as compared to other types of proppant. Frac sand is a common type of proppant. It's a high-purity sandstone proppant, which is found in nature. These proppants are most commonly used with a 6,000 psi closure pressure. Depending on the fracking job, they can be as little as 0.1 millimetres in diameter or as large as 2 millimetres in diameter. The growing use of frac sand in exploration and production businesses in the fracturing process is expected to boost the proppant market growth during the forecast period. As Proppant is broadly used in oil and natural gas wells, as well as its cost advantage over other proppants, raw frac sand is the most widely used. Natural gas production is predicted to rise from 342 billion cubic feet per day (bcf/d) in 2015 to 554 billion cubic feet per day (bcf/d) by 2040, according to the information given by the US Energy Information Administration (EIA). Shale gas has been produced in Canada since 2008, and by 2040, it is estimated to account for 30 percent of the country's total natural gas production. These factors are expected to drive the Proppant Market growth during the forecast period. The Ceramic Proppant segment is expected to grow significantly at a CAGR of 7.1% during the forecast period. It is mostly used as a frac sand substitute. Ceramic proppants, which are artificial, have a higher crush strength than sand, which limits their use to wells with lower closure stresses. Based on the Application, the Proppant Market is segmented into Shale Gas, Tight Gas, Coalbedmethane, and Others. The Shale Gas segment held the largest market share, accounting for 53% in 2021. The segment growth is attributed to the increasing utilization of the material in shale gas extraction across the globe. Shale gas, which contains 70% to 90% methane, is used to create energy as well as for heating and cooking in the home. In terms of both value and volume, North America had the greatest share of the proppant market. In 2021, the region accounted for more than 67.0 percent of the market's value share.

Proppant Market Regional Insights:

Asia Pacific region held the largest market share accounted for 35% in 2021, and is expected to grow at a CAGR of xx% during the forecast period. The growing need for hydraulic fracturing for unconventional natural gas and oil development in the region In Asia-Pacific region is driving the product demand in the region. The China dominate the Asia Pacific region, as increasing demand for natural gas and oil in the country. The North America region is expected to witness the highest growth at a CAGR of xx% during 2021. The region’s growth is attributed to increased drilling and completion activities in U.S. and Canada. The oil and gas sector is an important element of the US economy, and fracking has been utilised on approximately 90% of the country's oil and gas rigs. Hydraulic fracking's efficiency has led to a significant expansion of drilling, resulting in boosting the demand for proppant in the region. The objective of the report is to present a comprehensive analysis of the Proppant Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Proppant Market dynamic, structure by analyzing the market segments and projecting the Proppant Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Proppant Market make the report investor’s guide.

Proppant Market Scope: Inquire before buying

Global Proppant Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 8.34 Bn.
Forecast Period 2022 to 2029 CAGR: 6.9% Market Size in 2029: US $ 14.23 Bn.
Segments Covered: by  Type • Frac Sand • Resin Coated Proppant • Ceramic Proppant
by Application • Shale Gas • Tight Gas • Coalbedmethane • Others

Proppant Market by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Proppant Market Key Players are:

Superior Silica Sands LLC • Bagder Mining Corporation • Unimin Corporation • U.S. Silica Holdings Inc. • Fores • Preferred Sands • Saint-Gobain Proppants Inc. • CARBO Ceramics Inc. • Fairmount Santrol Holdings Inc. • Hi-Crush LP Partners • Momentive • Saint-Gobain • Momentive Speciality Chemicals Inc. • Borovichi Refractories Plant • Mineracao Curimbaba Ltda. • Yixing Orient Petroleum Proppant Co. Ltd • China Gengsheng Minerals, Inc. • Hexion Inc. • SmartSand, Inc. • ChangQing Proppant • Eagle Materials Inc. • Baker Hughes

Frequently Asked Questions:

1] What segments are covered in the Proppant Market report? Ans. The segments covered in the Proppant Market report are based on Type and Application. 2] Which region is expected to hold the highest share in the Proppant Market? Ans. The Asia Pacific region is expected to hold the highest share in the Proppant Market. 3] What is the market size of the Proppant Market by 2029? Ans. The market size of the Proppant Market by 2029 is US $ 14.23 Bn. 4] What is the forecast period for the Proppant Market? Ans. The Forecast period for the Proppant Market is 2022-2029. 5] What was the market size of the Proppant Market in 2021? Ans. The market size of the Proppant Market in 2021 was US $ 8.34 Bn.
1. Global Proppant Market Size: Research Methodology 2. Global Proppant Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Proppant Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Proppant Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Proppant Market Size Segmentation 4.1. Global Proppant Market Size, by Type (2021-2029) • Frac Sand • Resin Coated Proppant • Ceramic Proppant 4.2. Global Proppant Market Size, by Application (2021-2029) • Shale Gas • Tight Gas • Coalbedmethane • Others 5. North America Proppant Market(2021-2029) 5.1. Global Proppant Market Size, by Type (2021-2029) • Frac Sand • Resin Coated Proppant • Ceramic Proppant 5.2. Global Proppant Market Size, by Application (2021-2029) • Shale Gas • Tight Gas • Coalbedmethane • Others 5.3. North America Proppant Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Proppant Market (2021-2029) 6.1. European Proppant Market, by Type (2021-2029) 6.2. European Proppant Market, by Application (2021-2029) 6.3. European Proppant Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Proppant Market (2021-2029) 7.1. Asia Pacific Proppant Market, by Type (2021-2029) 7.2. Asia Pacific Proppant Market, by Application (2021-2029) 7.3. Asia Pacific Proppant Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Proppant Market (2021-2029) 8.1. The Middle East and Africa Proppant Market, by Type (2021-2029) 8.2. The Middle East and Africa Proppant Market, by Application (2021-2029) 8.3. The Middle East and Africa Proppant Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Proppant Market (2021-2029) 9.1. Latin America Proppant Market, by Type (2021-2029) 9.2. Latin America Proppant Market, by Application (2021-2029) 9.3. Latin America Proppant Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Superior Silica Sands LLC 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Bagder Mining Corporation 10.3. Unimin Corporation 10.4. U.S. Silica Holdings Inc. 10.5. Fores 10.6. Preferred Sands 10.7. Saint-Gobain Proppants Inc. 10.8. CARBO Ceramics Inc. 10.9. Fairmount Santrol Holdings Inc. 10.10. Hi-Crush LP Partners 10.11. Momentive 10.12. Saint-Gobain 10.13. Momentive Speciality Chemicals Inc. 10.14. Borovichi Refractories Plant 10.15. Mineracao Curimbaba Ltda. 10.16. Yixing Orient Petroleum Proppant Co. Ltd 10.17. China Gengsheng Minerals, Inc. 10.18. Hexion Inc. 10.19. SmartSand, Inc. 10.20. ChangQing Proppant 10.21. Eagle Materials Inc. 10.22. Baker Hughes

About This Report

Report ID 14899
Category Energy & Power
Published Date DEC 2022
Updated Date
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