The proppant market is witnessing steady demand growth, owing to steady growth in increasing unconventional resource exploration and production activities. The report provides insights, trends, growth opportunities, and market size forecasts of different proppant types including ceramic proppant, resin-coated proppants, Frac sand, and other types. Further, leading applications of proppants including shale gas, tight gas, tight oil, CBM, and other uses are analyzed in the proppant industry analysis. Further, business profiles of leading companies are included in the study. In addition, the market size outlook across 25 countries is also provided.
Proppant sand is widely used in the hydraulic fracturing process to extract oil and gas. Multifunctional proppants to keep the fractures open during the production process are gaining quick business growth. Oil price is increasing steadily, around over $100, providing strong prospects for tight oil, shale gas, coal bed methane, and other unconventional oils.
Global Proppant Market Size Outlook (US$ Billion) and Growth Forecasts (%), 2021- 2030
The global Proppants market size stood at $8.7 billion in 2022. Further, strong end-user industry demand is driving the market outlook. From 2023 to 2030, the Proppants market is likely to register a steady revenue increase at a compounded annual growth rate of 10.25 percent to reach $18.9 billion by 2030.
Proppant Market Drivers- Uninterrupted supplies and competitive pricing plays a vital role in proppant market growth
During 2020, the COVID-19 pandemic resulted in a significant decline in oil and gas. For instance, the global natural gas demand posted year-on-year declines of 4% to 5%, resulting in historically lowest spot prices and wide volatility. The market is set to recover in 2021 with demand increase from end-user industries. However, buyers tend to opt for sellers with assured supply volumes, competitive prices, and favorable logistics. Accordingly, regional suppliers and having long-term relations with buyers are likely to gain market share in the near-term future.
Proppant Market Trends- Growing interest in exploring unconventional reserve exploration and production across markets
The strong demand outlook for oil and gas is encouraging governments across regions to invest in the exploration of unconventional reserves. According to the US EIA, unproved technically recoverable wet shale gas stood at 7,576.6 TCF and tight oil reserves of 418.9 Billion barrels exist globally. To ensure energy security, most of the reserve-rich countries are emphasizing upstream E&P activities. The top ten countries with natural gas reserves such as China, Argentina, Algeria, the US, Canada, Mexico, Australia, South Africa, Russia, Brazil, and others tend to focus on unconventional reserves, which provides a strong impetus for the growth of proppant.
Proppants Market Share Analysis- Frac Sand to register significant growth in demand
Frac sand is a naturally occurring quartz and finds wide application in hydrocarbon production for propping open fractures. The US currently is the largest supplier and consumer of frac sand. The proppant prop opens the fractures in the shale bed to release oil, gas, and NGLs from the pores.
The Frac sand contributed around 9% to the global Proppant market size, estimated at USD 8.1 Billion during the year.
On the other hand, the market for Proppant is dependent significantly on oil and gas demand. The oil and gas prices are volatile, subjecting the demand for high-purity sand to global fluctuations. Further, strict regulations by Biden can limit the expansion of frac sand capacity.
Proppants Market segmentation
Types
Application
Leading companies
1. Executive Summary
1.1 Introduction to Proppants Markets
1.2 Proppants Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Proppants Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Proppants Market Trends
3.1.1 Unconventional Gas upstream presents strong growth prospects
3.1.2 Uninterrupted supplies and competitive pricing play a vital role in proppant market growth
3.1.3 Fracking technology developments
3.2 Key Proppants Market Growth Drivers
3.2.1 High oil prices supporting unconventional oil and gas exploration
3.2.2 A growing interest in exploring unconventional reserve exploration and production across markets
3.3 Key Proppants Market Growth Restraints
3.3.1 High costs of proppants
3.3.2 Concerns about water use, chemicals, and contamination
4 Proppants Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Proppants Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Proppants Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Proppants Market Size Outlook to 2030
5. Proppants Market Segmentation- Outlook by Type
5.1 Proppants Market Share Analysis by Type, 2023
5.2 Ceramic Proppant Market Outlook to 2030
5.3 Resin-Coated Proppant Market Outlook to 2030
5.4 Frac Sand Proppant Market Outlook to 2030
6. Proppants Market Segmentation- Outlook by Application
6.1 Proppants Market Share Analysis by Application, 2023
6.2 Shale Gas: Proppants Market Outlook to 2030
6.3 Tight Gas: Proppants Market Outlook to 2030
6.4 Tight Oil: Proppants Market Outlook to 2030
6.5 Coal Bed Methane (CBM): Proppants Market Outlook to 2030
6.6 Others
7. North America Proppants Market Outlook and Opportunities to 2030
7.1 Market Snapshot, 2023
7.2 North America Proppants Market Growth Opportunities
7.2.1 North America Proppants Market Outlook by Type, 2021 to 2030
7.2.2 North America Proppants Market Outlook by Application, 2021 to 2030
7.2.3 North America Proppants Market Outlook by Country, 2021 to 2030
7.3 United States Proppants Market Outlook, 2021 to 2030
7.4 Canada Proppants Market Outlook, 2021 to 2030
7.5 Mexico Proppants Market Outlook, 2021 to 2030
8. Europe Proppants Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 Europe Proppants Market Growth Opportunities
8.2.1 Europe Proppants Market Outlook by Type, 2021 to 2030
8.2.2 Europe Proppants Market Outlook by Application, 2021 to 2030
8.2.3 Europe Proppants Market Outlook by Country, 2021 to 2030
8.3 Germany Proppants Market Outlook, 2021 to 2030
8.4 France Proppants Market Outlook, 2021 to 2030
8.5 United Kingdom Proppants Market Outlook, 2021 to 2030
8.6 Spain Proppants Market Outlook, 2021 to 2030
8.7 Italy Proppants Market Outlook, 2021 to 2030
8.8 Other Europe Proppants Market Outlook, 2021 to 2030
9. Asia Pacific Proppants Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Asia Pacific Proppants Market Growth Opportunities
9.2.1 Asia Pacific Proppants Market Outlook by Type, 2021 to 2030
9.2.2 Asia Pacific Proppants Market Outlook by Application, 2021 to 2030
9.2.3 Asia Pacific Proppants Market Outlook by Country, 2021 to 2030
9.3 China Proppants Market Outlook, 2021 to 2030
9.4 Japan Proppants Market Outlook, 2021 to 2030
9.5 India Proppants Market Outlook, 2021 to 2030
9.6 South Korea Proppants Market Outlook, 2021 to 2030
9.7 Indonesia Proppants Market Outlook, 2021 to 2030
9.8 Other Asia Pacific Proppants Market Outlook, 2021 to 2030
10. South and Central America Proppants Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 South and Central America Proppants Market Growth Opportunities
10.2.1 South and Central America Proppants Market Outlook by Type, 2021 to 2030
10.2.2 South and Central America Proppants Market Outlook by Application, 2021 to 2030
10.2.3 South and Central America Proppants Market Outlook by Country, 2021 to 2030
10.3 Brazil Proppants Market Outlook, 2021 to 2030
10.4 Argentina Proppants Market Outlook, 2021 to 2030
10.5 Other Latin America Proppants Market Outlook, 2021 to 2030
11. Middle East and Africa Proppants Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 Middle East and Africa Proppants Market Growth Opportunities
11.2.1 Middle East and Africa Proppants Market Outlook by Type, 2021 to 2030
11.2.2 Middle East and Africa Proppants Market Outlook by Application, 2021 to 2030
11.2.3 Middle East and Africa Proppants Market Outlook by Country, 2021 to 2030
11.3 Saudi Arabia Proppants Market Outlook, 2021 to 2030
11.4 United Arab Emirates (the UAE) Proppants Market Outlook, 2021 to 2030
11.5 Other Middle East Proppants Market Outlook, 2021 to 2030
11.6 Egypt Proppants Market Outlook, 2021 to 2030
11.7 South Africa Proppants Market Outlook, 2021 to 2030
11.8 Other Africa Proppants Market Outlook, 2021 to 2030
12. Profiles of major world Proppants Companies
12.1 Carbo Ceramics Inc.
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.2 COVIA Corp
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.3 US Silica Holdings Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.4 Hi-Crush Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.5 Atlas Sand Company, LLC
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.6 Hexion Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
12.7 Xinmi Wanli Industry Development
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13. Appendix
13.1 Publisher’s Expertise
13.2 List of Tables and Charts
13.3 List of Exhibits
13.4 Legal Disclaimer
High oil prices supporting unconventional oil and gas exploration, fracking technology developments, a growing interest in exploring unconventional reserve exploration and production across markets, uninterrupted supplies, and competitive pricing play a vital role in proppant market growth, and others
The global Proppants market size stood at $8.7 billion in 2022.
From 2023 to 2030, the Proppants market is likely to register a steady revenue increase at a compounded annual growth rate of 10.25 percent to reach $18.9 billion by 2030.
Carbo Ceramics Inc., COVIA Corp, US Silica Holdings Inc, Hi-Crush Inc, Atlas Sand Company, LLC, Hexion Inc, Xinmi Wanli Industry Development, and others
Unconventional Gas upstream presents strong growth prospects