Proppant Market Scope 2031
The Proppant Market is expected to register a CAGR of 8.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by type (frac sand, resin-coated, ceramic, and others). The report is further segmented by application (shale gas, tight gas, coal bed methane, and others). The report scope covers five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken down at the regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Proppant Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Proppant Market Segmentation
Type- Frac Sand
- Resin-Coated
- Ceramic
- Shale Gas
- Tight Gas
- Coal Bed Methane
Strategic Insights
Proppant Market Growth Drivers- Increase in Shale Oil and Gas Production: Hydraulic fracturing is one of the primary methods used for shale oil and gas. Proppants, mainly in the form of sand or resin-coated particles, are necessary for keeping open fractures in the rock, through which oil and gas can move more freely. As unconventional sources of oil and gas production, such as shale and tight oil, have increased significantly, so too has demand for proppants. The ongoing thrust for energy independence, mainly in countries like the U.S., and the growth of non-conventional drilling operations in other regions, such as Argentina and China, continue to fuel the demand for proppants in hydraulic fracturing.
- Innovation in Proppant Technologies: Developing ceramic, resin-coated, and ultra-lightweight proppants has improved the efficiency and economy of fracking operations. New proppants offer superior performance, including better conductivity and resistance to crushing, which is essential in the quest for maximum extraction rates in deep wells. The industry's shift towards automation and digital technologies also enhances the efficiency of proppant delivery and application, thus having a positive impact on the market's growth potential.
- Expanding Exploration and Production in Unconventional Reserves: Oil and gas majors look for unconventional tight gas reserves, shale oil, and coalbed methane. The only way such sources can be released is when fractures are developed in that reservoir that can enable the flow of hydrocarbons. Because of a rising urgency to meet global energy requirements in a sustainable and non-depleting manner, exploration and production in unconventional reserves would drive growth in proppant markets.
- Popularity of Resin-Coated Proppants: Resin-coated proppants have quickly gained popularity over raw sand proppants because these can provide greater strength and better fracture conductivity. Demand for more efficient and more durable proppants in deeper, higher-pressure wells drives this trend. Resin coatings also contribute to lowering environmental impact by preventing proppants from escaping into the surrounding ecosystems, a concern that is growing in the industry.
- Shift Toward Sustainable and Eco-Friendly Proppants: Environmental concerns surrounding the extraction process have caused demand for more sustainable and environmentally friendly proppants to increase. Companies are choosing alternatives, such as ceramic and bio-based proppants, that are less harmful to the environment and meet regulatory requirements. The increasing interest in reducing carbon footprint has also played a role in promoting environmentally friendly practices in the oil and gas industry. This factor made cleaner proppant technologies more attractive.
- Focus on Domestic Production: To reduce their dependence on imports and high price control, many North American countries have focused attention on imports for domestic production. For instance, a nation like the U.S. witnessed a renewed interest in domestic production and saw an increase in new mine investments in local sands since the demand for fracking surged. Global supply chains have been disrupted notably, especially after the pandemic of COVID-19, which has forced companies to consider local sourcing as one way to ensure stable supply lines.
- Growth Opportunities in Emerging Markets: Although the U.S. is the largest consumer of proppants, there are tremendous growth opportunities in emerging markets like China, Argentina, and the Middle East. The regions have vast unconventional reserves that require proppant-based hydraulic fracturing techniques. Expanding drilling operations in these regions provides a lucrative opportunity for proppant manufacturers to enter new markets, establish a foothold, and leverage local resources.
- Research and Development of Advanced Proppants: It allows for investment in the research and development of advanced proppants to provide better efficiency, durability, and reduced cost. Creating proppants with high-pressure and high-temperature resistance can help push the usage of hydraulic fracturing to more challenging oil and gas deposits at greater depth. Another opportunity is the rise of interest in eco-friendly applications: the opportunity to produce proppants that can be labeled bio-based and biodegradable.
- Strategic Partnerships with Oil and Gas Operators: Strategic partnerships between proppant producers and oil & gas operators could provide competitive market advantages. As the companies partnering form these relationships, they have access to proppant supply for their detailed requirements; this can serve to fine-tune the types of proppants made available along with their servicing. Partnerships may, as a result, further offer cost savings and betterment on operations of respective companies through a consistent source of premium-quality proppants and the stimulation provided to the growth of partners.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Proppant Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Proppant Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Proppant Market is estimated to witness a CAGR of 8.5% from 2023 to 2031
The major factors driving the proppant market are:
1. Rising Demand for Hydraulic Fracturing (Fracking) in Oil & Gas.
2. Technological Advancements in Proppant Production and Use.
Fairmount Santrol Holdings Inc, Carbo Ceramics Inc, Hexion Inc, Momentive Specialty Chemicals Inc, Badger Mining Corp, Hi-Crush Inc, Compagnie de Saint Gobain SA, U.S. Silica Holdings Inc, Emerge Energy Services LP, and China GengSheng Minerals Inc
On the basis of geography, the proppant market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Increased focus on domestic proppant production is expected to be the key market trend.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Proppant Market - By Type
1.3.2 Proppant Market - By Application
1.3.3 Proppant Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PROPPANT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PROPPANT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. PROPPANT MARKET - GLOBAL MARKET ANALYSIS
6.1. PROPPANT - GLOBAL MARKET OVERVIEW
6.2. PROPPANT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PROPPANT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. FRAC SAND PROPPANT
7.3.1. Overview
7.3.2. FRAC Sand Proppant Market Forecast and Analysis
7.4. RESIN-COATED PROPPANT
7.4.1. Overview
7.4.2. Resin-Coated Proppant Market Forecast and Analysis
7.5. CERAMIC PROPPANT
7.5.1. Overview
7.5.2. Ceramic Proppant Market Forecast and Analysis
8. PROPPANT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. SHALE GAS
8.3.1. Overview
8.3.2. Shale Gas Market Forecast and Analysis
8.4. TIGHT GAS
8.4.1. Overview
8.4.2. Tight Gas Market Forecast and Analysis
8.5. COAL-BED METHANE
8.5.1. Overview
8.5.2. Coal-Bed Methane Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. PROPPANT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Proppant Market Overview
9.1.2 North America Proppant Market Forecasts and Analysis
9.1.3 North America Proppant Market Forecasts and Analysis - By Type
9.1.4 North America Proppant Market Forecasts and Analysis - By Application
9.1.5 North America Proppant Market Forecasts and Analysis - By Countries
9.1.5.1 United States Proppant Market
9.1.5.1.1 United States Proppant Market by Type
9.1.5.1.2 United States Proppant Market by Application
9.1.5.2 Canada Proppant Market
9.1.5.2.1 Canada Proppant Market by Type
9.1.5.2.2 Canada Proppant Market by Application
9.1.5.3 Mexico Proppant Market
9.1.5.3.1 Mexico Proppant Market by Type
9.1.5.3.2 Mexico Proppant Market by Application
9.2. EUROPE
9.2.1 Europe Proppant Market Overview
9.2.2 Europe Proppant Market Forecasts and Analysis
9.2.3 Europe Proppant Market Forecasts and Analysis - By Type
9.2.4 Europe Proppant Market Forecasts and Analysis - By Application
9.2.5 Europe Proppant Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Proppant Market
9.2.5.1.1 Germany Proppant Market by Type
9.2.5.1.2 Germany Proppant Market by Application
9.2.5.2 France Proppant Market
9.2.5.2.1 France Proppant Market by Type
9.2.5.2.2 France Proppant Market by Application
9.2.5.3 Italy Proppant Market
9.2.5.3.1 Italy Proppant Market by Type
9.2.5.3.2 Italy Proppant Market by Application
9.2.5.4 United Kingdom Proppant Market
9.2.5.4.1 United Kingdom Proppant Market by Type
9.2.5.4.2 United Kingdom Proppant Market by Application
9.2.5.5 Russia Proppant Market
9.2.5.5.1 Russia Proppant Market by Type
9.2.5.5.2 Russia Proppant Market by Application
9.2.5.6 Rest of Europe Proppant Market
9.2.5.6.1 Rest of Europe Proppant Market by Type
9.2.5.6.2 Rest of Europe Proppant Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Proppant Market Overview
9.3.2 Asia-Pacific Proppant Market Forecasts and Analysis
9.3.3 Asia-Pacific Proppant Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Proppant Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Proppant Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Proppant Market
9.3.5.1.1 Australia Proppant Market by Type
9.3.5.1.2 Australia Proppant Market by Application
9.3.5.2 China Proppant Market
9.3.5.2.1 China Proppant Market by Type
9.3.5.2.2 China Proppant Market by Application
9.3.5.3 India Proppant Market
9.3.5.3.1 India Proppant Market by Type
9.3.5.3.2 India Proppant Market by Application
9.3.5.4 Japan Proppant Market
9.3.5.4.1 Japan Proppant Market by Type
9.3.5.4.2 Japan Proppant Market by Application
9.3.5.5 South Korea Proppant Market
9.3.5.5.1 South Korea Proppant Market by Type
9.3.5.5.2 South Korea Proppant Market by Application
9.3.5.6 Rest of Asia-Pacific Proppant Market
9.3.5.6.1 Rest of Asia-Pacific Proppant Market by Type
9.3.5.6.2 Rest of Asia-Pacific Proppant Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Proppant Market Overview
9.4.2 Middle East and Africa Proppant Market Forecasts and Analysis
9.4.3 Middle East and Africa Proppant Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Proppant Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Proppant Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Proppant Market
9.4.5.1.1 South Africa Proppant Market by Type
9.4.5.1.2 South Africa Proppant Market by Application
9.4.5.2 Saudi Arabia Proppant Market
9.4.5.2.1 Saudi Arabia Proppant Market by Type
9.4.5.2.2 Saudi Arabia Proppant Market by Application
9.4.5.3 U.A.E Proppant Market
9.4.5.3.1 U.A.E Proppant Market by Type
9.4.5.3.2 U.A.E Proppant Market by Application
9.4.5.4 Rest of Middle East and Africa Proppant Market
9.4.5.4.1 Rest of Middle East and Africa Proppant Market by Type
9.4.5.4.2 Rest of Middle East and Africa Proppant Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Proppant Market Overview
9.5.2 South and Central America Proppant Market Forecasts and Analysis
9.5.3 South and Central America Proppant Market Forecasts and Analysis - By Type
9.5.4 South and Central America Proppant Market Forecasts and Analysis - By Application
9.5.5 South and Central America Proppant Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Proppant Market
9.5.5.1.1 Brazil Proppant Market by Type
9.5.5.1.2 Brazil Proppant Market by Application
9.5.5.2 Argentina Proppant Market
9.5.5.2.1 Argentina Proppant Market by Type
9.5.5.2.2 Argentina Proppant Market by Application
9.5.5.3 Rest of South and Central America Proppant Market
9.5.5.3.1 Rest of South and Central America Proppant Market by Type
9.5.5.3.2 Rest of South and Central America Proppant Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. PROPPANT MARKET, KEY COMPANY PROFILES
11.1. CARBO CERAMICS INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHINA GENGSHENG MINERALS, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FAIRMOUNT SANTROL HOLDINGS INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HEXION INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HI-CRUSH PARTNERS LP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MINERAçãO CURIMBABA LTD
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAINT-GOBAIN PROPPANTS INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SUPERIOR SILICA SANDS LLC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. U.S. SILICA HOLDINGS, INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YIXING ORIENT PETROLEUM PROPPANT CO., LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Carbo Ceramics Inc.
2. China Gengsheng Minerals, Inc.
3. Fairmount Santrol Holdings Inc.
4. Hexion Inc.
5. Hi-Crush Partners Lp
6. Mineração Curimbaba LTD
7. Saint-Gobain Proppants Inc.
8. Superior Silica Sands LLC
9. U.S. Silica Holdings, Inc.
10. Yixing Orient Petroleum Proppant Co., LTD
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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