Proppant Market Expected to Reach USD 14.22 Billion by 2029, with 6.9% CAGR

17.8.2023 : Proppant Market Report Scope and Research Methodology

Report Scope:

The Proppant Market has surged to new heights, reaching a significant value of US $8.91 billion in 2022. This report provides a comprehensive analysis of the global proppant market, including a detailed exploration of market dynamics, trends, drivers, restraints, and regional insights. The report examines the market's past and present status while forecasting future trends and sizes. In addition, it presents a thorough analysis of key players in the industry, offering valuable insights for stakeholders, decision-makers, and investors.

Research Methodology:

The research methodology employed in this report involves an extensive analysis of market trends and data using both quantitative and qualitative approaches. Comprehensive research techniques, including PORTER and PESTEL analyses, have been utilized to evaluate potential micro-economic impacts on the market. Both external and internal factors that influence the market have been carefully examined, providing decision-makers with a clear and insightful view of the industry's future.

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What are Proppant Market Dynamics?

Market Drivers and Restraints:

The global Proppant Market has been witnessing a transformative shift driven by advancements in technology and industry practices. The combination of horizontal drilling and multistage fracturing has revolutionized oil and gas production, prompting companies to increase sand usage for greater efficiency. The report identifies this trend, outlining how exploration and production businesses are progressively integrating frac sand, which significantly reduces raw material costs.

Furthermore, the demand for proppants is further bolstered by the increasing usage of hydraulic fracturing in 95% of wells drilled, particularly in the United States and Canada. The expansion of exploration and production activities contributes to the proppant market's growth, driven by the necessity for proppants that maintain induced hydraulic fractures during the fracturing process.

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Proppant Market Segmentation?

The Proppant Market is categorized into three main segments: Frac Sand, Resin Coated Proppant, and Ceramic Proppant. Frac Sand has captured the largest market share of 83% in 2022 due to its cost-effectiveness and widespread use. Additionally, the report delves into the application segments, with Shale Gas taking the lead at 53% market share in 2022.

by Type

Frac Sand
Resin Coated Proppant
Ceramic Proppant

by Application

Shale Gas
Tight Gas
Coalbedmethane
Others

by Ceramic Proppant

High Strength Ceramic Proppant
Intremediate Strength Ceramic Proppants
Light Weight Ceramic Proppant
Others

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Who are Proppant Market Key Players?

1. Superior Silica Sands LLC
2. Bagder Mining Corporation
3. Unimin Corporation
4. U.S. Silica Holdings Inc.
5. Fores
6. Preferred Sands
7. Saint-Gobain Proppants Inc.
8. CARBO Ceramics Inc.
9. Fairmount Santrol Holdings Inc.
10. Hi-Crush LP Partners
11. Momentive
12. Saint-Gobain
13. Momentive Speciality Chemicals Inc.
14. Borovichi Refractories Plant
15. Mineracao Curimbaba Ltda.
16. Yixing Orient Petroleum Proppant Co. Ltd
17. China Gengsheng Minerals, Inc.
18. Hexion Inc.
19. SmartSand, Inc.
20. ChangQing Proppant
21. Eagle Materials Inc.
22. Baker Hughes

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Table of content for the Proppant Market includes:

Global Proppant Market: Research Methodology

Global Proppant Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

Global Proppant Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

Global Proppant Market Segmentation
Global Market, by Type (2022-2029)
Global Market, by Application (2022-2029)
Global Market, by Ceramic Proppant (2022-2029)

Regional Proppant Market (2022-2029)
Regional Market, by Type (2022-2029)
Regional Market, by Application (2022-2029)
Regional Market, by Ceramic Proppant (2022-2029)
Regional Market, by Country (2022-2029)

Global Company Profile: Key players
Company Overview by Country
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

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Regional Insights:

The Proppant Market's vibrant growth is evident across various regions. The Asia Pacific region dominates, accounting for 35% of the market share in 2022 and expected to grow at a noteworthy CAGR during the forecast period. This growth is attributed to the escalating demand for hydraulic fracturing in unconventional oil and gas development in the region, primarily led by China.

North America is set to experience the highest growth with a projected CAGR during 2022. The region's surge is driven by increased drilling and completion activities in the U.S. and Canada. The efficiency of hydraulic fracturing has expanded drilling operations, spurring demand for proppants.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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