Covid Impact Proppant Market is projected to reach a value of over USD 12 billion by 2027 at a CAGR of around 4.3%.
Proppant Market: Summary
The Global Proppant Market is projected to reach a value of over USD 12 billion by 2027 at a CAGR of around 4.3%.
Proppant is a sand material, which helps to keep hydraulic fracturing open during hydraulic fracturing treatment. It is used to close the fractures in bore well process. When the liquid mix of proppant, chemicals, and water is propelled into a well, the sudden impact opens fractures in the rock. If nothing is used to hold these fractures open, they’ll close, and the number of hydrocarbons that can escape will be far lower. There are different types of proppants used in hydraulic fractures such as frac sand, resin-coated, and ceramic.
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Proppant Market: Drivers & Opportunities
Market Driver:
- Growing Demand for FRAC Sand Proppant
FRAC sand proppant is widely used proppant for hydraulic fracturing owing to it is made out of highly pure and durable quartz sand with round grains. It is majorly made out of sandstone, having a size range from 0.1 millimetres to 2 millimetres in diameter, depending on the requirement of the fracturing job. It is widely used proppant among the others in the oil and natural gas wells due to its efficiency, low cost, and availability. With the increasing hydraulic fracturing activities, the demand for FRAC sand is projected to increase due to the low-cost and abundant availability is expected to drive the global proppant market.
Market Opportunities:
- Unconventional Oil and Gas Reserves
Since the last few years, the demand for oil and gas is gradually increased from countries such as the US, Canada, China, India, Russia and many other countries. Limited availability of conventional oil and gas along with the high level of carbon emission has led to the growth in the production of unconventional oil and gas such as shale oil & gas, tight oil & gas, and coal bed methane. Countries such as Brazil, Algeria, Mexico, South Africa, Argentina, and Australia are expected to have large proven reserves of unconventional oil and gas which will significantly increase the demand for proppant in the near future. Thus, unconventional oil & gas reserves have expected to create a new market opportunity for key players in the proppant market.
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Proppant Market: Key Segments
- Segmentation based on type: FRAC Sand Proppant, Resin–Coated Proppant, and Ceramic
- Segmentation based on application: Shale Gas, Tight Gas, Coal-Bed Methane, and Others
- Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.
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Key Companies Covered
- CARBO Ceramics Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- U.S. Silica
- Fairmount Santrol
- Hi-Crush Inc
- Mineração Curimbaba
- Hexion
- Saint-Gobain
- Fores LTD
- Preferred Sands
- Joint Sock Company Borovichi Refractories Plant
- Covia Holdings Corporation.
- Superior Silica Sands
- Badger Mining Corporation
- SmartSand, Inc.
- MS Industries II, LLC
- IMERYS
- Nika PetroTech
- Other Key Companies
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Table of Content
- INTRODUCTION
- Research Objectives
- Market Definition
- Research Scope
- Regional Coverage
- Research Timeline
- Assumptions
- Limitations
- RESEARCH DESIGN & SCOPE
- Introduction
- Primary Research
- Key Industry Expert Insight
- Secondary Research
- Vital Data from Secondary Sources
- Market Size Estimation
- Data Validation & Triangulation
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- Introduction
- Drivers
- Development in Fracturing Technology and New Drilling Techniques
- Growing Demand for FRAC Sand Proppant
- Restraint
- High Cost of Ceramic Proppant
- Opportunities
- Unconventional Oil and Gas Reserves
- Challenges
- Water Availability and Contamination Concerns
- INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
- Introduction
- Power of Buyers
- Power of Suppliers
- Intensity of Competition
- Challenges of Substitutes
- Challenges of New Entrants
- Macro-Economic Indicators
- GLOBAL PROPPANT MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019–2027)
- Introduction
- FRAC Sand Proppant
- Resin–Coated Proppant
- Ceramic Proppant
- Low Density Ceramic Proppant
- Intermediate Density Ceramic Proppant
- High Density Ceramic Proppant
- GLOBAL PROPPANT MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019–2027)
- Introduction
- Shale Gas
- Tight Gas
- Coal-Bed Methane
- Others
- LNG
- Shale Oil
- Tight Oil
- GLOBAL PROPPANT MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019–2027)
- North America
- US
- Canada
- Mexico
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
- COMPETITIVE LANDSCAPE
- Introduction
- Market Ranking/Share Analysis of Key Companies
- Company Benchmarking
- COMPANY PROFILES
- CARBO Ceramics Inc.
- Company Overview
- Financial Overview
- Products/Solutions/Services Offered
- Key Developments
- SWOT Analysis
- U.S. Silica
- Fairmount Santrol
- Hi-Crush Inc
- Mineração Curimbaba
- Hexion
- Saint-Gobain
- Fores LTD
- Preferred Sands
- Joint Sock Company Borovichi Refractories Plant
- Covia Holdings Corporation.
- Superior Silica Sands
- Badger Mining Corporation
- SmartSand, Inc.
- MS Industries II, LLC
- IMERYS
- Nika PetroTech
- Other Key Companies
- APPENDIX
- Key Industry Expert Insights
- Primary Discussion Guide
- Customization Options
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