Summary

The Global Proppants Market was valued at approximately USD 9.36 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 10.15% over the forecast period from 2023 to 2032. Proppants are solid materials, typically sand, ceramic, or resin-coated particles, used in the hydraulic fracturing process to keep fractures in underground rock formations open. During fracking, a high-pressure fluid mixture is injected into the rock to create and expand fractures, allowing trapped oil or natural gas to flow more freely. Proppants are then added to this mixture to "prop" these fractures open once the pressure is released, ensuring that the pathways remain accessible for the extraction of hydrocarbons. The effectiveness of fracking operations heavily relies on the choice and quality of proppants, as they play a critical role in maximizing the flow of oil and gas from reservoirs. The Proppants Market has seen substantial growth, driven by technological advancements in the oil and gas industry, particularly in hydraulic fracturing, and an increasing focus on unconventional oil and gas reserves. These factors have created significant demand for proppants, which are essential in maintaining the fractures in shale formations, thereby enhancing the extraction of hydrocarbons.

As conventional oil and gas reserves become increasingly scarce, the industry is shifting its focus towards unconventional sources like shale formations, which require hydraulic fracturing techniques to extract hydrocarbons effectively. This shift has spurred demand for proppants, creating lucrative market opportunities. Additionally, the development of resin-coated proppants and lightweight proppants has marked a significant technological advancement, offering enhanced performance in terms of crush resistance, conductivity, and durability, which are critical for optimizing well performance and increasing hydrocarbon recovery rates. Environmental concerns associated with hydraulic fracturing have also influenced the proppants market. The industry is increasingly adopting sustainable solutions, such as recycled proppants made from reclaimed materials, including used proppants and foundry sand, which reduce the consumption of natural resources and contribute to a more sustainable fracking process. These innovations are in line with the industry's growing focus on corporate social responsibility and regulatory compliance.

The key regions considered in the study include Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. the North American market dominated the global Proppants Market in 2023, driven by extensive shale gas development activities, particularly in the United States and Canada. The region is expected to maintain its dominance due to its abundant shale gas reserves and ongoing technological advancements. Meanwhile, the Asia-Pacific region is anticipated to witness the fastest growth during the forecast period, fueled by the rapid expansion of unconventional gas exploration and favorable government policies.

Major market players included in this report are:
Carbo Ceramics Inc.
COVIA
JSC Borovichi Refractories Plant
S. Silica Holdings Inc.
Hi-Crush Inc.
MineraçãoCurimbaba
XinmiWanli Industry Development Co. Ltd.
Atlas Sand Company, LLC
HEXION
Schlumberger Ltd.
Select Sands Corporation
Preferred Sands
U.S. Silica Holdings, Inc.
Emerge Energy Services LP
Badger Mining Corporation

The detailed segments and sub-segments of the market are explained below:
By Product Type
Frac Sand
Resin-Coated Proppant
Ceramic Proppant

By Application
Shale Gas
Tight Gas
Coal Bed Methane

By Region:
North America
U.S.
Canada

Europe
Germany
UK
France
Italy
Spain
Rest of Europe

Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032

Key Takeaways:
Market Estimates & Forecast for 10 years from 2023 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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Table of Contents

Chapter 1. Global Proppants Market Executive Summary
1.1. Global Proppants Market Size & Forecast (2023-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Product Type
1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Proppants Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Proppants Market Dynamics
3.1. Market Drivers
3.1.1. Rising Demand for Unconventional Oil & Gas Reserves
3.1.2. Technological Advancements in Proppant Manufacturing
3.2. Market Challenges
3.2.1. Environmental Concerns Associated with Hydraulic Fracturing
3.2.2. High Costs of Advanced Proppants
3.3. Market Opportunities
3.3.1. Development of Sustainable Proppants
3.3.2. Expanding Exploration Activities in Emerging Economies

Chapter 4. Global Proppants Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model
4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Proppants Market Size & Forecasts by Product Type 2023-2032
5.1. Segment Dashboard
5.2. Global Proppants Market: Product Type Revenue Trend Analysis, 2023 & 2032 (USD Billion)
5.2.1. Frac Sand
5.2.2. Resin-Coated Proppant
5.2.3. Ceramic Proppant

Chapter 6. Global Proppants Market Size & Forecasts by Application 2023-2032
6.1. Segment Dashboard
6.2. Global Proppants Market: Application Revenue Trend Analysis, 2023 & 2032 (USD Billion)
6.2.1. Shale Gas
6.2.2. Tight Gas
6.2.3. Coal Bed Methane

Chapter 7. Global Proppants Market Size & Forecasts by Region 2023-2032
7.1. North America Proppants Market
7.1.1. U.S. Proppants Market
7.1.1.1. Product Type breakdown size & forecasts, 2023-2032
7.1.1.2. Application breakdown size & forecasts, 2023-2032
7.1.2. Canada Proppants Market
7.2. Europe Proppants Market
7.2.1. Germany Proppants Market
7.2.2. UK Proppants Market
7.2.3. France Proppants Market
7.2.4. Italy Proppants Market
7.2.5. Spain Proppants Market
7.2.6. Rest of Europe Proppants Market
7.3. Asia Pacific Proppants Market
7.3.1. China Proppants Market
7.3.2. India Proppants Market
7.3.3. Japan Proppants Market
7.3.4. Australia Proppants Market
7.3.5. South Korea Proppants Market
7.3.6. Rest of Asia Pacific Proppants Market
7.4. Latin America Proppants Market
7.4.1. Brazil Proppants Market
7.4.2. Mexico Proppants Market
7.4.3. Rest of Latin America Proppants Market
7.5. Middle East & Africa Proppants Market
7.5.1. Saudi Arabia Proppants Market
7.5.2. South Africa Proppants Market
7.5.3. Rest of Middle East & Africa Proppants Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Carbo Ceramics Inc.
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Market Strategies
8.3.2. COVIA
8.3.3. JSC Borovichi Refractories Plant
8.3.4. S. Silica Holdings Inc.
8.3.5. Hi-Crush Inc.
8.3.6. MineraçãoCurimbaba
8.3.7. XinmiWanli Industry Development Co. Ltd.
8.3.8. Atlas Sand Company, LLC
8.3.9. HEXION
8.3.10. Schlumberger Ltd.
8.3.11. Select Sands Corporation
8.3.12. Preferred Sands
8.3.13. U.S. Silica Holdings, Inc.
8.3.14. Emerge Energy Services LP
8.3.15. Badger Mining Corporation
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes