Proppant Market reached a value of US $ 8.91 Bn. in 2022. Frac sand is one of the dominating segment of the Global Proppant Market.
Proppant Market Report Overview:
The report presents up-to-date insights into the revenue and prevailing market trends within the Proppant market. It gives significant attention to an overview of the Proppant Market, encompassing its definition and market structure, while also addressing proactive and pre-planned management strategies. The report delves into critical aspects like gross margin, costs, market share, capacity utilization, and supply, all of which influence the Proppant Market. Additionally, it contributes to understanding the potential trajectory of the Proppant Market in the upcoming years. This comprehensive report outlines a market overview through standard topics, each underscored by tailored data that caters to specific needs and requirements.
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Proppant Market Report Scope and Research Methodology
The report identifies significant adoption trends impacting the Proppant market, as well as factors that will either boost or hinder its growth. An in-depth analysis of these trends and challenges is presented to facilitate client comprehension of the Proppant market. Detailed information about the market’s size and share is provided, contributing to a comprehensive understanding. The report furnishes upfront data and statistics, rendering it a valuable resource for individuals engaged in advertising and industry decision-making within the Proppant market. The document also addresses opportunities and challenges prevailing in the Proppant market.
Proppant Market Dynamics:
The combination of horizontal drilling and multistage fracturing technology has fundamentally transformed the oil and gas production landscape across the globe. Exploration and production companies are incorporating more sand each stage into their drilled and completed horizontals, a trend that is expected to accelerate over time. The average sand consumption per horizontal well has tripled since 2013, and it is expected to continue to rise due to longer laterals and higher loadings per lateral foot. The development of technologies to promote the use of natural sand/Frac sand instead of ceramic sand has resulted in a strong demand for drilling proppants. The use of frac sand decreases the raw material price by more than 50%.
Proppant Market Segmentation:
The proppant market is divided into three segments based on type: ceramic, resin-coated, and frac sand. In 2022, the sector with the biggest market share, accounting for 83%, was Frac Sand. The primary reason for the segment’s rise is its more affordable price point in comparison to other proppant kinds. Frac sand is a typical proppant kind. It is a naturally occurring sandstone proppant with exceptional purity. The most typical use for these proppants is a closure pressure of 6,000 psi. They might have a diameter of 0.1 millimetres or 2 millimetres, depending on the type of fracking operation.
Shale Gas, Tight Gas, Coalbed Methane, and Others are the segments of the proppant market based on the application. With a 53% market share in 2022, the Shale Gas category was the largest. The material’s growing use in shale gas extraction worldwide is responsible for the segment’s growth. Shale gas is used for household heating and cooking, and it contains 70% to 90% methane. Shale gas is also utilised to generate energy. North America held the largest share of the proppant market in terms of volume and value. The region held a value share of more than 67.0 percent of the market in 2022.
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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Proppant Market Regional Analysis:
The report includes Regional Insights that ensure that clients are thoroughly informed on the Proppant market on a regional level. Understanding local energy, economic, political, and geographic variables are critical for the analysis of Proppant market change regional-wise. The functioning of the Proppant market has a significant impact on local development plans. The report includes regional factors that affect the Proppant market and local growth in domestic countries.
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
Key Questions answered in the Proppant Market Report are:
- Which product segment grabbed the largest share in the Proppant market?
- How is the competitive scenario of the Proppant market?
- Which are the key factors aiding the Proppant market growth?
- Which region holds the maximum share in the Proppant market?
- What will be the CAGR of the Proppant market during the forecast period?
- Which application segment emerged as the leading segment in the Proppant market?
- Which are the prominent players in the Proppant market?
- What key trends are likely to emerge in the Proppant market in the coming years?
- What will be the Proppant market size by 2029?
- Which company held the largest share in the Proppant market?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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