Proppants Market Growth, Trends, and Forecast Report 2019-2024 - IMARC Group

Global Proppants Market Report, Trends Analysis, Growth, Share, Size and Forecast Till 2024

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Report Description and Highlights

Report Description

Proppants Market Report By Product Type (Resin Coated Sand, Ceramic Proppants and Frac Sand ), Application (Shale Gas, Tight Gas, Coal Bed Methane and Others ), Region Market Overview: According to the latest report by IMARC Group, titled “Proppants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global proppants market reached a value of more than US$ 7 Billion in 2018. Proppants are solid materials that are utilized in hydraulic fracturing to keep fissures open. They provide a pathway for hydrocarbons to flow freely from the reservoir to the well and prevent fractures from closing. They are mostly made up of sand, frac sand, resin coated sand, man-made ceramic materials or resin coated ceramic materials. Proppants are found in various shapes and sizes which determine the final permeability through the fracture. These materials are integral to the process of fracturing, which enables easy extraction from permeable reservoirs, and thereby are extensively employed in the oil and gas industry.

Market Trends: The ever-growing requirement of oil and natural gas across the globe is bolstering the demand for proppants. Crude oil and natural gas were earlier obtained using conventional extraction methods.

Report Description and Highlights

Report Description

Apart from this, manufacturers are constantly engaging in research and development (R&D) activities with an aim to develop lightweight variants which reduce proppant settling and require low viscosity fluids for transportation. In addition to this, multifunctional proppants are expected to detect hydraulic fracture geometry and slowly release downhole chemical additives while maintaining conductive hydraulic fractures. Another major factor contributing to the market growth is the advent of horizontal multistage fracturing technique. By 2024, the market is expected to reach a value of around US$ 10 Billion, expanding at a CAGR of 5.1% during 2019-2024.

Proppants Market Segmentation: Market Segmentation by Product Type o Resin Coated Sand o Ceramic Proppants o Frac Sand On the basis of the product type, frac sand is the most popular type. Other major segments include resin coated sand and ceramic proppants.

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Market Forecast

Sample Figure: Global: Proppants Market Forecast: Sales Value (in Billion US$), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description

Market Segmentation by Application • • • •

Shale Gas Tight Gas Coal Bed Methane Others

Based on the application, the market has been divided into shale gas, tight gas, coal bed methane and others. Amongst these, shale gas exhibits a clear dominance in the market.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

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Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description

On the geographical front, the market has been classified into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. At present, North America accounts for the majority of the total market share.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • • • •

Carbo Ceramics Inc. Saint-Gobain Proppants Inc. U.S. Silica Holdings, Inc. JSC Borovichi Refractories Plant Yixing Orient Petroleum Proppants Co., Ltd. Mineração Curimbaba Ltda China Gengsheng Minerals, Inc. Fairmount Santrol Holdings Inc. Superior Silica Sands LLC Hi-Crush Partners LP Hexion Inc. Unimin Corporation

Market Segmentation

Report Description • • • • • • • •

Preferred Sands LLC Fores Ltd. Badger Mining Corporation (BMC) Smart Sand Inc. Mississippi Sand LLC Changqing Proppants Corporation Yangquan Changqing Petroleum Proppants Co., Ltd. Eagle Materials Inc

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Report Description and Highlights

Report Description

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