Proppant Market Industry Outlook, Size, New Opportunities and Forecast 2029

Proppant Market Expected to Reach USD 4.26 Billion by 2029, with 3.9% CAGR

Proppant Market Report Scope and Research Methodology

Report Scope:

The Proppant Market involves small-sized ceramic balls used to maintain artificial or hydraulic fractures, preventing shale rock fractures from closing upon pressure release. This enhances oil and gas production by creating a conduit for hydrocarbons to flow more freely. Proppants come in various shapes, sizes, densities, and quality, playing a pivotal role in determining the ultimate fissure permeability. They are mixed into fracking fluids, which can be gel, foam, or slickwater-based, and their composition varies based on the type of fracturing applied. The market dynamics include a wide range of proppant products, their production processes, usage, and price trends.

Research Methodology:

Our research methodology is designed to provide a comprehensive analysis of the Global Proppant Market, using a systematic approach to data collection and analysis.

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What are Proppant Market Dynamics?

Drivers:

Horizontal Drilling and Multistage Fracturing: Technological advancements in horizontal drilling and multistage fracturing have revolutionized oil and gas production worldwide. The trend of incorporating more sand into each stage of horizontal drilling is expected to continue, boosting the demand for proppants.

Increasing Sand Consumption: Sand consumption per horizontal well has tripled since 2013 and is expected to rise further due to longer laterals and higher loadings per lateral foot. This is driving demand for drilling proppants.

Demand in Hydraulic Fracturing: The use of hydraulic fracturing is consistently increasing in the United States and Canada, contributing to the growth of the proppants market. Proppants are crucial for maintaining hydraulic fractures open during the process.

Pricing Analysis:

Proppants were priced at $0.68 to $1.27 per kilogram in 2022 globally. Ceramic proppants, in particular, ranged from $1.02 to $1.24 per kilogram in the same year. The price of proppants is expected to moderately increase by 2029, with a range of $0.74 to $1.42 per kilogram. Raw material availability and pricing will significantly influence these adjustments, coupled with the expected growth in proppant demand during the forecast period.

Proppant Market Segmentation?

by Type

Frac Sand
Resin Coated Proppant
Ceramic Proppant

Type: The Proppant Market is segmented into Frac Sand, Resin Coated Proppant, and Ceramic Proppant. Frac Sand held the largest market share in 2022, accounting for 83% due to its lower cost compared to other types. It is commonly used and is crucial for oil and natural gas wells.

by Application

Shale Gas
Tight Gas
Coalbedmethane
Others

Application: Segments include Shale Gas, Tight Gas, Coalbedmethane, and Others. Shale Gas led in 2022 with a market share of 53%, primarily due to its increasing utilization in shale gas extraction.

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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

Table of content for the Proppant Market includes:

Part 01: Executive Summary

Part 02: Scope of the Proppant Market Report

Part 03: Global Proppant Market Landscape

Part 04: Global Proppant Market Sizing

Part 05: Global Proppant Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global Proppant market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Military Land Vehicle Market is experiencing a rise in demand for electric vehicles, driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Proppant to bolster military capabilities.

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