#proppant

The proppants market is estimated to be USD 7.8 billion in 2020 and is projected to reach USD 12.1 billion by 2025, at a CAGR of 9.1% during the forecast period. The proppants market between 2020 and 2025 will be drive by The improvements in fracturing technology and new drilling techniques, increasing proppants conssumption per well, innovation in proppants technologies and the growing natural gas demand to ensure energy security.

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Frac sand is a naturally occurring proppant made from high purity sandstone. Frac sand has a round shape and is homogeneous in nature. There are three types of frac sand: Northern White Sand, Brown Sand, and In-Basin Sand. The increased demand for frac sand and resincoated proppants, along with the low-cost and abundant availability of frac sand with increasing new well drilling, is expected to drive the overall proppants market.

The domestic demand for natural gas will increase in major APAC economies due to the development of shale gas in the region. The extraction of shale gas is likely to enhance the region’s energy security by allowing the countries to become less dependent on external sources. However, the development of shale gas is at the initial stage. Countries are extracting shale gas using advanced technology from their shale gas reserves, majorly driven by China and this trend makes APAC the fastest growing proppants market during the forecast period.

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VynZ Research provides a market overview of the current environment as well as the industry's future growth in the Global Proppant Market. It uses data from annual reports, product literature, industry developments, and other sources to conduct a quantitative market study. The future growth prospects of the industry are based on a rapid quantitative and qualitative assessment of data from various sources.

The Global Proppant Market is projected to reach USD $13,919.3 million by 2027, witnessing a CAGR of 10.4% during the forecast period 2021-2027.

To assist companies in developing their business plans, the research examines the major factors influencing the growth of the Global Proppant Market, also including Drivers, Constraints, Governmental Policies, Opportunities, Challenges, a Constructive Approach, and Market Economic Expansion Strategies.

The development of multi-stage fracturing is resulting into increasing number of stages in fracturing that is enhancing the utilization of proppant that is ultimately enhancing the demand for this market globally. Proppant is extensively being utilized in cold bed methane and hydraulic fracturing of tight and shale gas.

The proppant market is projected to become $11,919.3 million by 2024, at a CAGR of 10.4% during 2019–2024.  Moreover, increasing demand for proppant and progressions in fracturing technologies are the major factors that are driving the growth of global proppant market.

MarketsandMarkets: The Proppant Market size is projected to reach USD 9.9 billion by 2022, at a CAGR of 6.9% between 2017 and 2022. The increasing demand for proppant in hydraulic fracturing of shale gas, coal bed methane, and tight gas are driving the market.

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Browse 129 market data Tables and 40 Figures spread through 133 Pages and in-depth TOC on "Proppant Market by Type (FRAC Sand Proppant, Resin-coated Proppant, and Ceramic Proppant) and Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa) - Global Forecast to 2022"

Frac-sand is estimated to be the largest type during the forecast period.

Frac sand accounted for the dominant share of the proppants market in 2018. Frac sand is the most-widely used type of proppant due to its easy availability and lowest cost. Ceramic proppant is the fastest growing type as it has high strength to withstand closure pressures up to 15,000 psi

Shale gas is projected to be the fastest-growing application segment of the proppants market during the forecast period.

Shale gas is projected to be the fastest growing application for proppants in 2018. The large scale demand from the shale reserves as well new shale gas projects in countries such as China are projected to boost the demand for proppants in the coming years

North America is estimated to be the largest market during the forecast period

North America is estimated to be the largest market for proppant. U.S. is expected to account for the largest share of the market globally till 2022 as the hydraulic fracturing market is mainly concentrated in the U.S. Major producers of proppant such as Carbo Ceramics Inc. (U.S.), Saint-Gobain Proppant Inc. (U.S.), U.S. Silica Holdings Inc. (U.S.), Hexion Inc. (U.S.), Fairmount Santrol Holdings Inc. (U.S.), Hi-Crush Partners LP (U.S.) and Superior Silica Sands LLC are located in the North America region. Asia-Pacific accounts for the second-largest share of the global proppant market and is projected to register the highest CAGR during the forecast period.

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This trend is projected to be witnessed till 2017 as operators are planning to consume even more proppant per lateral foot to continue driving IP and generate higher recovery rates. With the increasing use of fracking sand and improving the quality of wells, several exploration and production firms have also started increasing proppant use per well to help cope with slumping prices. EOG Resources (U.S.), Whiting Petroleum (U.S.), and Murphy Oil Corp (U.S.) are some of the companies that reported improvements in well performance owing to the use of significantly higher amounts of frac sand per well. Since past few years, some proppants used to frack a single horizontal well were 1,000 to 3,000 tons. These figures changed significantly since 2014, with the proppants consumption per well estimated to be 8,000 to 10,000 tons. Also, several oil service companies, such as Halliburton, are investigating certain new fracturing techniques to consume 20 million pounds of frac sand instead of 5 million pounds (current utilization of frac sand per shale well) in a single well.