Proppants Market By Type (Sand Proppants, Ceramic Proppants, Resin-coated Proppants); By Application (Shale Gas, Tight Gas, Coalbed Methane, Other Unconventional Resources); By End-Use Industry (Oil & Gas, Construction); By Geography, Segment revenue estimation, Forecast, 2024-2032.

The proppants market in 2023 was worth USD 9.76 billion and is expected to be worth USD 18.32 billion by 2030, expanding at a CAGR of 8.76% during the forecast period.

 

The main factor fuelling the proppants market is the growing adoption of fracking within the oil and gas industry. Proppants include sand, ceramic, and resin-coated materials, critical in holding fractures in the fracking process to enable the flow of oil and gas. As the use of shale gas increased rapidly, particularly in the United States, the product also experienced a tremendous increase in demand. For instance, the U. S shale oil output stood at more than 9. The global demand for proppants is expected to rise to 3 million barrels per day in 2023, further increasing the demand for proppants. A recent occurrence is the use of high-performance ceramic proppants in newer wells to increase recovery for enhanced well productiveness, which is practiced by companies such as Halliburton.

 

One of the factors that has limited the growth of the proppants market is the environmental issues and regulations that seek to curb the practice of hydraulic fracturing (fracking). Some of the concerns due to the use of the fracking process, which uses proppants, include water pollution and earthquakes. For instance, California and New York have banned fracking or implemented stringent rules that curb proppant use in the U.S.

 

One of the key developments in the proppants market is in demand for proppants in unconventional reservoirs, especially in the shales. It means global demand for production materials like shale gas will increase by more than 30% by the 2030s and require improved proppants such as resin-coated or ceramic types for high-pressure operation. For instance, while the U. S is ramping up its shale exploration activities, the operators are shifting to these high-performance proppants to enhance the extraction rate. One emerging trend is to employ environmentally friendly proppants, which has been prompted by efforts to minimize the effects of fracking on the environment. This creates a new market opportunity for investing in sustainable proppant solutions."

 

 

Market Segmentation

Type:

• Sand Proppants

• Ceramic Proppants

• Resin-coated Proppants

 

Application:

• Shale Gas

• Tight Gas

• Coalbed Methane

• Other Unconventional Resources

 

End-Use Industry:

• Oil & Gas

• Construction (in some specialized cases)

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

North America is the leading region for the proppants market because of the prominent use of hydraulic fracturing in the U.S. shale oil and gas sector. Proppant consumption was majorly led by the U. S, holding over 60% of the global consumption in 2023 based on the rising shale exploration in areas such as the Permian Basin and the Bakken Formation. One emerging trend is using in-basin sand, which has lower costs and an environmental footprint, thus enabling domestic producers such as Hi-Crush Partners to benefit from the market. This shift has enhanced the cost-effectiveness and sustainability of proppant supply in North America.

 

Key Players

• U.S. Silica Holdings, Inc.

• Carbo Ceramics Inc.

• Hi-Crush Inc.

• Foresight Energy LP

• Covia Holdings Corporation

• Badger Mining Corporation

• Emerge Energy Services LP

• Preferred Sands

• Halliburton

• Fairmount Santrol Holdings Inc.