Proppant Trends and Forecast
The future of the global proppant market looks promising with opportunities in the shale gas, tight gas, and coalbed methane markets. The global proppant market is expected to reach an estimated $13.3 billion by 2030 with a CAGR of 8.5% from 2024 to 2030. The major drivers for this market are growing demand for oil and natural gas, rising improvements in fracturing technology and new drilling techniques, and expanding abundance of unconventional oil and gas resources.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Proppant by Segment
The study includes a forecast for the global proppant by type, ceramic propant, application, and region.
Proppant Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Frac Sand
• Resin-Coated Proppant
• Ceramic Propant
Proppant Market by Ceramic Propant [Shipment Analysis by Value from 2018 to 2030]:
• High Strength Ceramic Proppant
• Intermediate Strength Ceramic Proppant
• Light Weight Ceramic Proppant
• Others
Proppant Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Shale Gas
• Tight Gas
• Coalbed Methane
• Others
Proppant Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Proppant Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies proppant companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the proppant companies profiled in this report include-
• Carbo Ceramics
• COVIA
• JSC Borovichi Refractories Plant
• U.S. Silica
• Hi-Crush
• Mineracao Curimbaba
• Emerge Energy Services
• Xinmi Wanli Industry Development
• Atlas Sand
• HEXION
Proppant Market Insights
Lucintel forecasts that frac sand is expected to witness the highest growth over the forecast period due to its rising usage to produce petroleum products such as oil and natural gas from rock formations that do not have sufficient pore space for the fluids to flow to a well.
Within this market, shale gas will remain the largest segment over the forecast period.
North America is expected to witness highest growth over the forecast period due to rising exploring unconventional crude oil reserves and presence of major consumers and exporters of oil and gas in the region.
Features of the Global Proppant Market
Market Size Estimates: Proppant market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Proppant market size by type, ceramic propant, application, and region in terms of value ($B).
Regional Analysis: Proppant market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, ceramic propants, applications, and regions for the proppant market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the proppant market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the proppant market size?
Answer: The global proppant market is expected to reach an estimated $13.3 billion by 2030.
Q2. What is the growth forecast for proppant market?
Answer: The global proppant market is expected to grow with a CAGR of 8.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the proppant market?
Answer: The major drivers for this market are growing demand for oil and natural gas, rising improvements in fracturing technology and new drilling techniques, and expanding abundance of unconventional oil and gas resources.
Q4. What are the major segments for proppant market?
Answer: The future of the proppant market looks promising with opportunities in the shale gas, tight gas, and coalbed methane markets.
Q5. Who are the key proppant market companies?
Answer: Some of the key proppant companies are as follows:
• Carbo Ceramics
• COVIA
• JSC Borovichi Refractories Plant
• U.S. Silica
• Hi-Crush
• Mineracao Curimbaba
• Emerge Energy Services
• Xinmi Wanli Industry Development
• Atlas Sand
• HEXION
Q6. Which proppant market segment will be the largest in future?
Answer: Lucintel forecasts that frac sand is expected to witness the highest growth over the forecast period due to its rising usage to produce petroleum products such as oil and natural gas from rock formations that do not have sufficient pore space for the fluids to flow to a well.
Q7. In proppant market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rising exploring unconventional crude oil reserves and presence of major consumers and exporters of oil and gas in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the proppant market by type (frac sand, resin-coated proppant, and ceramic propant), ceramic propant (high strength ceramic proppant, intermediate strength ceramic proppant, light weight ceramic proppant, and others), application (shale gas, tight gas, coalbed methane, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Proppant Market, Proppant Market Size, Proppant Market Growth, Proppant Market Analysis, Proppant Market Report, Proppant Market Share, Proppant Market Trends, Proppant Market Forecast, Proppant Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.