PUBLISHER: IMARC | PRODUCT CODE: 1468602
PUBLISHER: IMARC | PRODUCT CODE: 1468602
Proppants Market Report by Product Type (Resin Coated Sand, Ceramic Proppants, Frac Sand), Application (Shale Gas, Tight Gas, Coal Bed Methane, and Others), and Region 2024-2032
The global proppants market size reached US$ 8.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
Proppants are abrasive materials that are employed in the process of hydraulic fracturing, also known as fracking, to keep fissures open in shale rock. They assist in the extraction of oil and gas by forming a channel through which hydrocarbons can flow more freely. It's widely available in different shapes, sizes, densities and qualities and play a vital role in influencing the final permeability of fissures. These are two types available in the market are naturally occurring (frac sand) and human-made/engineered. Amongst these, man-made proppants are further bifurcated into resin-coated and ceramic variants. It is extensively utilized in the oil and gas industry as they are conductive and crush resistant.
Market Drivers:
The rising demand for oil and natural gas in both developed and emerging economies represents one of the significant growth-inducing factors in the proppants industry. Earlier, oil and natural gas were procured using traditional extraction techniques. As these resources are depleting, there has been a subsequent rise in the adoption of unconventional oil and gas extraction techniques that involve the usage of proppants for smooth flow of resources. Besides this, manufacturers are also introducing new fracking techniques such as horizontal multistage fracturing. Since these techniques are anticipated to gain traction in the coming years, they are creating a positive outlook for the market. Furthermore, enhanced research and development (R&D) to develop lightweight proppant variants are also contributing to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global proppants market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type and application.
Breakup by Product Type:
Resin Coated Sand
Ceramic Proppants
Frac Sand
Frac sand currently represents the most preferred product type owing to its low price.
Breakup by Application:
Shale Gas
Tight Gas
Coal Bed Methane
Others
At present, shale gas accounts for the majority of the total market share on account of its extensive usage in power generation and transportation.
Regional Insights:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
On the geographical front, North America represents the largest market. This can be accredited to the moderate recovery in oil prices and the introduction of longer laterals to increase natural gas production in the region.
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of the leading players are:
Carbo Ceramics Inc.
Saint-Gobain Proppants Inc.
U.S. Silica Holdings, Inc.
Borovichi Refractories Plant
Yixing Orient Petroleum Proppant Co., Ltd.
Mineracao 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.
Badger Mining Corporation (BMC)
Smart Sand Inc.
Mississippi Sand LLC
ChangQing Proppant Corporation
Yangquan Changqing Petroleum Proppants Co., Ltd.
Eagle Materials Inc.
Key Questions Answered in This Report:
- How has the global proppants market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global proppants market?
- What are the key regions?
- Which are the popular product types?
- What are the key application segments?
- What are the various stages in the value chain of the global proppants market?
- What are the key driving factors and challenges in the global proppants market?
- What is the structure of the global proppants market and who are the key players?
- What is the degree of competition in the global proppants market?
- How are proppants manufactured?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Properties
- 4.3 Key Industry Trends
5 Global Proppants Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
6 Market Breakup by Product Type
- 6.1 Resin Coated Sand
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Ceramic Proppants
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Frac Sand
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Shale Gas
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Tight Gas
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Coal Bed Methane
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Others
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Asia Pacific
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Europe
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Middle East and Africa
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Latin America
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Global Proppants Industry: SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Global Proppants Industry: Value Chain Analysis
11 Global Proppants Industry: Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Global Proppants Industry: Price Analysis
- 12.1 Price Indicators
- 12.2 Price Structure
- 12.3 Margin Analysis
13 Proppants Manufacturing Process
- 13.1 Product Overview
- 13.2 Raw Material Requirements
- 13.3 Manufacturing Process
- 13.4 Key Success and Risk Factors
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Carbo Ceramics Inc.
- 14.3.2 Saint-Gobain Proppants Inc.
- 14.3.3 U.S. Silica Holdings, Inc.
- 14.3.4 Borovichi Refractories Plant
- 14.3.5 Yixing Orient Petroleum Proppants Co., Ltd.
- 14.3.6 Mineracao Curimbaba Ltda
- 14.3.7 China Gengsheng Minerals, Inc.
- 14.3.8 Fairmount Santrol Holdings Inc.
- 14.3.9 Superior Silica Sands LLC
- 14.3.10 Hi-Crush Inc.
- 14.3.11 Hexion Inc.
- 14.3.12 Unimin Corporation
- 14.3.13 Preferred Sands LLC
- 14.3.14 Fores Ltd.
- 14.3.15 Badger Mining Corporation (BMC)
- 14.3.16 Smart Sand Inc.
- 14.3.17 Mississippi Sand LLC
- 14.3.18 Changqing Proppants Corporation
- 14.3.19 Yangquan Changqing Petroleum Proppants Co., Ltd.
- 14.3.20 Eagle Materials Inc
List of Figures
- Figure 1: Global: Proppants Market: Major Drivers and Challenges
- Figure 2: Global: Proppants Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Proppants Market: Breakup by Product Type (in %), 2023
- Figure 4: Global: Proppants Market: Breakup by Application (in %), 2023
- Figure 5: Global: Proppants Market: Breakup by Region (in %), 2023
- Figure 6: Global: Proppants Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 7: Global: Proppants Industry: SWOT Analysis
- Figure 8: Global: Proppants Industry: Value Chain Analysis
- Figure 9: Global: Proppants Industry: Porter's Five Forces Analysis
- Figure 10: Global: Proppants (Resin Coated Sand) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Proppants (Resin Coated Sand) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Proppants (Ceramic Proppants) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Proppants (Ceramic Proppants) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Proppants (Frac Sand) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Proppants (Frac Sand) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Proppants (Shale Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Proppants (Shale Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Proppants (Tight Gas) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Proppants (Tight Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Proppants (Coal Bed Methane) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Proppants (Coal Bed Methane) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Proppants (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Proppants (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: North America: Proppants Market: Sales Value (In Million US$), 2018 & 2023
- Figure 25: North America: Proppants Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Asia Pacific: Proppants Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Asia Pacific: Proppants Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Europe: Proppants Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Europe: Proppants Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Middle East and Africa: Proppants Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Middle East and Africa: Proppants Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Latin America: Proppants Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Latin America: Proppants Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Proppants Manufacturing: Process Flow
List of Tables
- Table 1: Proppants: General Properties
- Table 2: Global: Proppants Market: Key Industry Highlights, 2023 and 2032
- Table 3: Global: Proppants Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 4: Global: Proppants Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 5: Global: Proppants Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Proppants: Raw Material Requirements
- Table 7: Global: Proppants Market Structure
- Table 8: Global: Proppants Market: Key Players
