PUBLISHER: IMARC | PRODUCT CODE: 1754193
PUBLISHER: IMARC | PRODUCT CODE: 1754193
The global proppants market size reached USD 9.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 13.9 Billion by 2033, exhibiting a growth rate (CAGR) of 4.32% during 2025-2033.
Proppants are abrasive materials that are employed in the process of hydraulic fracturing, also known as fracking, to keep fissures open in shale rock. They assist in the extraction of oil and gas by forming a channel through which hydrocarbons can flow more freely. It's widely available in different shapes, sizes, densities and qualities and play a vital role in influencing the final permeability of fissures. These are two types available in the market are naturally occurring (frac sand) and human-made/engineered. Amongst these, man-made proppants are further bifurcated into resin-coated and ceramic variants. It is extensively utilized in the oil and gas industry as they are conductive and crush resistant.
The rising demand for oil and natural gas in both developed and emerging economies represents one of the significant growth-inducing factors in the proppants industry. Earlier, oil and natural gas were procured using traditional extraction techniques. As these resources are depleting, there has been a subsequent rise in the adoption of unconventional oil and gas extraction techniques that involve the usage of proppants for smooth flow of resources. Besides this, manufacturers are also introducing new fracking techniques such as horizontal multistage fracturing. Since these techniques are anticipated to gain traction in the coming years, they are creating a positive outlook for the market. Furthermore, enhanced research and development (R&D) to develop lightweight proppant variants are also contributing to the market growth.
Frac sand currently represents the most preferred product type owing to its low price.
At present, shale gas accounts for the majority of the total market share on account of its extensive usage in power generation and transportation.