Proppants Market Size, Industry Share, Growth, Trends, Key Players Analysis and Forecast 2024-2032

According to IMARC Group latest report titled “Proppants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on proppants market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global proppants market size reached US$ 8.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.

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Proppants Market Overview:

Proppants are crucial materials in the oil and gas industry, serving a pivotal role in hydraulic fracturing, commonly known as fracking. These tiny granular substances, usually made from sand, ceramics, or resin-coated particles, are employed to keep fractures open in underground rock formations, facilitating the extraction of hydrocarbons. Proppants come in various types, with the most common ones being frac sand, resin-coated sand, and ceramic proppants. Each type is tailored to specific well conditions and depths, ensuring efficient fracturing operations. The importance of proppants lies in their ability to maintain fractures in rock formations open, allowing oil and natural gas to flow freely to the surface during hydraulic fracturing. Without proppants, the fractures would quickly close, severely hindering the extraction process.

Proppants Market Trends:

The global market is primarily driven by the ongoing expansion of hydraulic fracturing activities in the oil and gas sector, which continues to fuel the need for proppants. Additionally, the growing proppant market is witnessing growth in response to technological advancements, and innovations in proppant materials are propelling market growth. Moreover, shifting trends towards eco-friendly proppant options, which have low volatile organic compound (VOC) emissions and reduced environmental impact, are augmenting the demand for this product in the market. Furthermore, the rising exploration and production of shale gas reserves are expanding globally, particularly in regions like Europe and Asia, contributing to market expansion. In line with this, strategic collaborations and partnerships between proppant manufacturers, oil and gas companies, and research institutions drive innovation and the development of proppant technologies, stimulating market growth.

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.

• Carbo Ceramics Inc.

• Saint-Gobain Proppants Inc.

• S. Silica Holdings, Inc. 

• Borovichi Refractories Plant

• Yixing Orient Petroleum Proppant Co., Ltd.

• Mineração Curimbaba Ltda.

• China GengSheng Minerals, Inc.

• Fairmount Santrol Holdings Inc.

• Superior Silica Sands LLC

• Hi-Crush Inc.

• Hexion Inc.

• Unimin Corporation

• Preferred Sands LLC

• Fores Ltd.

• Badger Mining Corporation (BMC)

• Smart Sand Inc.

• Mississippi Sand LLC

• ChangQing Proppant Corporation

• Yangquan Changqing Petroleum Proppants Co., Ltd.

• Eagle Materials Inc.

Key Market Segmentation:

Our report has categorized the market based on region, product type and application.

Breakup by Product Type:

• Resin Coated Sand

• Ceramic Proppants

• Frac Sand

Breakup by Application:

• Shale Gas

• Tight Gas

• Coal Bed Methane

• Others

Regional Insights:

• North America (United States, Canada)

• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

• Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)

• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)

• Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

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