Proppant Market Soars to USD 8.91 Billion in 2022: Unveiling Key Insights

Proppant Market Report Scope and Research Methodology

Report Scope:

The proppant market, as well as its driving factors, difficulties, and geographical trends, are all thoroughly examined in the study. It offers a complete analysis of the dynamics of the sector, covering several proppant kinds as Frac Sand, Resin Coated Proppant, and Ceramic Proppant. The study also provides insight into the market's applications, which include those for coalbed methane, tight gas, shale gas, and more.

Research Methodology:

A thorough study approach, including comprehensive data gathering, analysis, and validation, forms the foundation of the report. To evaluate market dynamics and the possible effects of microeconomic factors, PORTER and PESTEL analyses are used. The study's goal is to give interested parties a clear, comprehensive picture of the proppant market's current situation and emerging developments.

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What are Proppant Market Dynamics:

Market Drivers:

The crucial part proppants play in the production of oil and gas is emphasised in the report. In order to maintain artificial fissures in shale rocks and improve oil and gas extraction by encouraging the flow of hydrocarbons, proppants, especially frac sand, are crucial. The paper emphasises how the need for proppants is being driven by the explosion in exploration and production operations, notably in countries like the United States and Canada. The research also highlights the growing use of natural sand (frac sand) as a financially sound substitute for ceramic proppants.

Market Restraints:

According to the investigation, ceramic proppants cost more to produce than other forms of proppants even if they have superior strength and crush resistance. The paper explains that proppant prices vary, with ceramic proppants fetching a higher price because of their improved qualities and complex manufacturing processes.

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Proppant Market Regional Insights:

The report offers in-depth regional analysis, highlighting important markets and their growth factors. With a predicted growth rate over the projection period, Asia Pacific is expected to hold the greatest market share in 2022, accounting for 35% of the total. The largest growth is projected in North America, which will be fueled by increased drilling activities and the rise of the oil and gas industry in the US and Canada.

The "Proppant Market Overview" study offers stakeholders a thorough analysis of the world proppant market. It offers a thorough overview of the sector by examining market values, trends, scope, methodology, and regional dynamics. The report gives decision-makers useful information they may use to understand the shifting proppant landscape and make wise strategic decisions.

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What is Proppant Market Segmentation:

Global Proppant Market, by Type

• Frac Sand
• Resin Coated Proppant
• Ceramic Proppant

Frac Sand, Resin Coated Proppant, and Ceramic Proppant are the types into which the Proppant Market is divided. In 2022, 83% of the market was accounted for by the Frac Sand category. Its reduced cost in comparison to other types of proppant is primarily responsible for the category growth. One typical kind of proppant is frac sand. It's a naturally occurring, highly pure sandstone proppant. Most frequently, a closure pressure of 6,000 psi is employed with these proppants. They might have a diameter as small as 0.1 millimetres or as large as 2 millimetres, depending on the fracking job. The expanding use of frac sand in exploration and production industries is anticipated to fuel the expansion of the proppant market.

Global Proppant Market, by Application

• Shale Gas
• Tight Gas
• Coalbed methane
• Others

The Proppant Market is divided into Shale Gas, Tight Gas, Coalbed Methane, and Others based on Application. In 2022, the Shale Gas category accounted for 53 percent of the market. The segment's expansion is linked to the material's rising use in shale gas extraction on a global scale. Shale gas, which includes between 70% and 90% methane, is utilised for both energy production and domestic heating and cooking. North America held the largest market share for proppant in terms of both volume and value. The region held a value share of more than 67.0 percent of the market in 2022.

Global Proppant Market, by Ceramic Proppant

• High Strength Ceramic Proppant
• Intermediate 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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