PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1117053
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1117053
Fracking Proppants Market Forecasts to 2028 - Global Analysis By Product (Resin Coated Proppants, Ceramic Proppants), Application (Coal Bed Methane, Tight Gas, Shale Gas) and By Geography
According to Stratistics MRC, the Global Fracking Proppants Market is accounted for $156.57 billion in 2022 and is expected to reach $412.04 billion by 2028 growing at a CAGR of 17.5% during the forecast period. Fracking proppant is a hard material used to seize open cracks in the wellbore which are generated by the procedure of hydraulic fracturing, providing a conduit for hydrocarbons to access the wellbore. Hydraulic fracturing involves the usage of a fluid mixture consisting of one or more additives, typically water as a base fluid and a proppant such as sand. The mixture is pumped into a well under pressure with the help of pumps at the surface to bring fractures in the target zone or the geological development.
According to EIA, the production from shale gas and tight oil will increase from about 14 trillion cubic feet (Tcf) in 2015 to 29 Tcf in 2040, thereby enhancing the market demand. As per the statistics provided by the US Energy Information Administration (EIA), the natural gas production globally is expected to increase from 342 billion cubic feet per day in 2015 to 554 billion cubic feet per day (bcf/d) by the year 2040.Canada has been producing shale gas since 2008, and the production is expected to increase and to account for 30% of Canada's total natural gas production by 2040. According to the US Energy Information Administration (EIA), the crude oil production reached 12.23 million barrels per day (b/d) in 2019, 1.24 million b/d more than 2018 levels in United States. In the Offshore Federal Gulf of Mexico (the U.S. controlled waters in the Gulf of Mexico), new projects contributed to the region's growth in production in 2019. Oil and natural gas producers brought online seven new projects in 2019, with nine more projects being expected to come online by the end of 2020.
Market Dynamics:
Driver:
Directional Drilling and Hydraulic Stimulation Technology
Reversing drilling and hydraulic stimulation techniques have been the driving forces behind the recovery of unconventional energy resources including shale gas, tight sands gas, and coal bed methane. Natural gas is trapped in fine, isolated porosity and adsorbed onto the shale's other organic elements. Because of the shale's somewhat impermeable character, more surface area must be created in order to recover trapped natural gas in commercially acceptable volumes. Directional drilling allows high recovery rates from intersecting cracks in the shale, whereas hydraulic stimulation fractures the shale to offer the large surface area necessary for gas retrieval. Hydraulic stimulation, often known as "hydrofracturing" in the industry, is a crucial method for developing and maintaining high-permeability channels for resource recovery throughout the well's life. This is generally accomplished by injecting slurry of surfactants, corrosives, and aggregates into the well bore under pressure to induce and sustain fractures. This act as one of the driver for the market growth.
Restraint:
High cost
Ceramic proppants is an engineered product manufactured from sintered bauxite, kaolin, and magnesium silicate or mixtures of bauxite and kaolin using an energy-intensive manufacturing process. This manufacturing process is complex as the proppants must have uniform size, shape, sphericity, and roundness to yield higher porosity and permeability of the proppants bed. Ceramic proppants have higher strength and crush resistance than frac sand, as they can withstand closure stresses up to 20,000 psi. Ceramic proppants are costlier than uncoated or resin-coated proppants as it is an engineered product with a more complex manufacturing process.
Opportunity:
Investigation of unconventional oil and gas reserves growing
One of the most active fields of the geological sciences is hydrocarbon exploration. Petroleum geologists tasked with finding oil and natural gas confronts a challenging task: oil and gas reserves are difficult to locate, and drilling in the incorrect location loses time and resources. Furthermore, the traditional oil supply has reached its limit, while demand for liquid fuels continues to rise. To solve the oil supply and demand dilemma, one method is to look for new, unconventional oil sources. Unconventional oil is defined differently by different people, although it commonly refers to oil shale, oil sands, ultra-deepwater oil, extremely heavy oil, tight oil, and Arctic oil. Unconventional oils are heavier and contain more carbon and sulphur than standard oils. They also contain contaminants, making refinement more challenging. In comparison to their more easily available conventional equivalents, unconventional oils are more difficult to extract and require specific equipment and technology to deal with their location and/or composition.
Threat:
Water accessibility and contamination concerns
Companies generally use a range of water sources such as rivers, lakes, groundwater, discharge water from industrial or city wastewater treatment plants, and re-used fracturing water. Temporary pipelines or trucks are used to carry the water to drilling locations. Companies attempt to use a mix of water sources depending on the region and the proximity of water sources. On average, 3 million gallons of water is required per well for hydraulic fracturing. However, this quantity varies widely across provinces. It also depends on how many stages of fracturing are conducted at a well. There are two distinct problems concerning water use in hydraulic fracturing. First, the limited availability of water for hydraulic fracturing, and second, concerns related to water contamination due to fracturing chemicals. The COVID-19 outbreak has negatively impacted the proppants industry due to supply chain disruption, operational challenges, transportation delays, and travel restrictions. The oil and gas sector has been severely affected by the pandemic and has postponed exploration activities.
The Shale Gas segment is expected to be the largest during the forecast period
The Shale Gas segment is expected to be the largest during the forecast period. The growing application of proppants is predictable to boost this segment in the coming years. Shale gas, which comprises 70 to 90 percent of methane, helps generate electricity and acts as a domestic source for heating and cooking.
The Frac Sand segment is expected to have the highest CAGR during the forecast period
The Frac Sand segment is expected to have the highest CAGR during the forecast period. Frac sandare high-purity quartz sand which is very round and durable grains. They offer crush-resistant, which helps them to be used as a fracking material in the petroleum industry.
Region with highest share:
Europe is projected to hold the largest market share during the forecast period, owing to the high-rise of hydraulic fracking in the province. Hydraulic fracking involves the use of proppants for the extraction of energy sources such as shale gas and tight gas. Furthermore, the rising demand for unconventional energy sources due to their several advantages over conventional sources in terms of pollution has led to the rise in hydraulic fracking along with horizontal drilling in the province. This has led to a rise in regional demand.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, due to the existence of enormous shale gas reserves and hydraulic fracturing projects in China and Australia coupled with potential shale gas extraction projects in India. Governments of countries like China and India have announced plans to develop shale gas reserves as a part of their 12th five-year plans, which is anticipated to have a positive impact on market growth.
Key players in the market:
Some of the key players profiled in the Fracking Proppants Market include Yixing Orient Petroleum Proppant Co. Ltd, Unimin Corporation, U.S. Silica, Saint-Gobain, Preferred Sands, COVIA, Mineracao Curimbaba Ltd, Hi crush LP Partners, Fores Ltd, Fairmount Santrol, Carbo Ceramic, Baker Hughes, Atlas Resin Proppants LP, COVIA.
Key Developments:
In May 2019, Hi-Crush Inc. acquired Proppant Logistics LLC which owns Pronghorn Logistics LLC. The company provides end-to end logistic services for proppants.
In December 2021: Covia, announced that its Industrial Segment will adopt a price rise of up to 15% across all product lines beginning January 1, 2022. This step is important to assist balance sustained and considerable inflationary pressures in a variety of sectors, including energy, steel, packaging, transportation, labour, resins, and additives, and will enable Covia to retain its service and value to industrial clients.
Fracturing Technologies Covered:
- Natural Induced Hydraulic Fracturing
- Polylactic Acid Base Fiber Technology
- Induced Hydraulic Fracturing
Products Covered:
- Resin Coated Proppants
- Ceramic Proppants
- Frac Sand
Applications Covered:
- Coal Bed Methane
- Tight Gas
- Shale Gas
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Technology Analysis
- 3.7 Product Analysis
- 3.8 Application Analysis
- 3.9 Emerging Markets
- 3.10 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Fracking Proppants Market, By Fracturing Technology
- 5.1 Introduction
- 5.2 Natural Induced Hydraulic Fracturing
- 5.3 Polylactic Acid Base Fiber Technology
- 5.4 Induced Induced Hydraulic Fracturing
6 Global Fracking Proppants Market, By Product
- 6.1 Introduction
- 6.2 Resin Coated Proppants
- 6.3 Ceramic Proppants
- 6.4 Frac Sand
7 Global Fracking Proppants Market, By Application
- 7.1 Introduction
- 7.2 Coal Bed Methane
- 7.3 Tight Gas
- 7.4 Shale Gas
- 7.5 Other Applications
8 Global Fracking Proppants Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Baker Hughes
- 10.2 Saint-Gobain
- 10.3 Mineracao Curimbaba Ltd
- 10.4 Momentive
- 10.5 Fairmount Santrol
- 10.6 Carbo Ceramic
- 10.7 Unimin Corporation
- 10.8 U.S. Silica
- 10.9 Preferred Sands
- 10.10 Atlas Resin Proppants LP
- 10.11 Yixing Orient Petroleum Proppant Co. Ltd
- 10.12 Fores Ltd
- 10.13 Hi crush LP Partners
List of Tables
- Table 1 Global Fracking Proppants Market Outlook, By Region (2020-2028) (US $MN)
- Table 2 Global Fracking Proppants Market Outlook, By Fracturing Technology (2020-2028) (US $MN)
- Table 3 Global Fracking Proppants Market Outlook, By Natural Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 4 Global Fracking Proppants Market Outlook, By Polylactic Acid Base Fiber Technology (2020-2028) (US $MN)
- Table 5 Global Fracking Proppants Market Outlook, By Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 6 Global Fracking Proppants Market Outlook, By Product (2020-2028) (US $MN)
- Table 7 Global Fracking Proppants Market Outlook, By Resin Coated Proppants (2020-2028) (US $MN)
- Table 8 Global Fracking Proppants Market Outlook, By Ceramic Proppants (2020-2028) (US $MN)
- Table 9 Global Fracking Proppants Market Outlook, By Frac Sand (2020-2028) (US $MN)
- Table 10 Global Fracking Proppants Market Outlook, By Application (2020-2028) (US $MN)
- Table 11 Global Fracking Proppants Market Outlook, By Coal Bed Methane (2020-2028) (US $MN)
- Table 12 Global Fracking Proppants Market Outlook, By Tight Gas (2020-2028) (US $MN)
- Table 13 Global Fracking Proppants Market Outlook, By Shale Gas (2020-2028) (US $MN)
- Table 14 Global Fracking Proppants Market Outlook, By Other Applications (2020-2028) (US $MN)
- Table 15 North America Fracking Proppants Market Outlook, By Country (2020-2028) (US $MN)
- Table 16 North America Fracking Proppants Market Outlook, By Fracturing Technology (2020-2028) (US $MN)
- Table 17 North America Fracking Proppants Market Outlook, By Natural Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 18 North America Fracking Proppants Market Outlook, By Polylactic Acid Base Fiber Technology (2020-2028) (US $MN)
- Table 19 North America Fracking Proppants Market Outlook, By Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 20 North America Fracking Proppants Market Outlook, By Product (2020-2028) (US $MN)
- Table 21 North America Fracking Proppants Market Outlook, By Resin Coated Proppants (2020-2028) (US $MN)
- Table 22 North America Fracking Proppants Market Outlook, By Ceramic Proppants (2020-2028) (US $MN)
- Table 23 North America Fracking Proppants Market Outlook, By Frac Sand (2020-2028) (US $MN)
- Table 24 North America Fracking Proppants Market Outlook, By Application (2020-2028) (US $MN)
- Table 25 North America Fracking Proppants Market Outlook, By Coal Bed Methane (2020-2028) (US $MN)
- Table 26 North America Fracking Proppants Market Outlook, By Tight Gas (2020-2028) (US $MN)
- Table 27 North America Fracking Proppants Market Outlook, By Shale Gas (2020-2028) (US $MN)
- Table 28 North America Fracking Proppants Market Outlook, By Other Applications (2020-2028) (US $MN)
- Table 29 Europe Fracking Proppants Market Outlook, By Country (2020-2028) (US $MN)
- Table 30 Europe Fracking Proppants Market Outlook, By Fracturing Technology (2020-2028) (US $MN)
- Table 31 Europe Fracking Proppants Market Outlook, By Natural Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 32 Europe Fracking Proppants Market Outlook, By Polylactic Acid Base Fiber Technology (2020-2028) (US $MN)
- Table 33 Europe Fracking Proppants Market Outlook, By Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 34 Europe Fracking Proppants Market Outlook, By Product (2020-2028) (US $MN)
- Table 35 Europe Fracking Proppants Market Outlook, By Resin Coated Proppants (2020-2028) (US $MN)
- Table 36 Europe Fracking Proppants Market Outlook, By Ceramic Proppants (2020-2028) (US $MN)
- Table 37 Europe Fracking Proppants Market Outlook, By Frac Sand (2020-2028) (US $MN)
- Table 38 Europe Fracking Proppants Market Outlook, By Application (2020-2028) (US $MN)
- Table 39 Europe Fracking Proppants Market Outlook, By Coal Bed Methane (2020-2028) (US $MN)
- Table 40 Europe Fracking Proppants Market Outlook, By Tight Gas (2020-2028) (US $MN)
- Table 41 Europe Fracking Proppants Market Outlook, By Shale Gas (2020-2028) (US $MN)
- Table 42 Europe Fracking Proppants Market Outlook, By Other Applications (2020-2028) (US $MN)
- Table 43 Asia Pacific Fracking Proppants Market Outlook, By Country (2020-2028) (US $MN)
- Table 44 Asia Pacific Fracking Proppants Market Outlook, By Fracturing Technology (2020-2028) (US $MN)
- Table 45 Asia Pacific Fracking Proppants Market Outlook, By Natural Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 46 Asia Pacific Fracking Proppants Market Outlook, By Polylactic Acid Base Fiber Technology (2020-2028) (US $MN)
- Table 47 Asia Pacific Fracking Proppants Market Outlook, By Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 48 Asia Pacific Fracking Proppants Market Outlook, By Product (2020-2028) (US $MN)
- Table 49 Asia Pacific Fracking Proppants Market Outlook, By Resin Coated Proppants (2020-2028) (US $MN)
- Table 50 Asia Pacific Fracking Proppants Market Outlook, By Ceramic Proppants (2020-2028) (US $MN)
- Table 51 Asia Pacific Fracking Proppants Market Outlook, By Frac Sand (2020-2028) (US $MN)
- Table 52 Asia Pacific Fracking Proppants Market Outlook, By Application (2020-2028) (US $MN)
- Table 53 Asia Pacific Fracking Proppants Market Outlook, By Coal Bed Methane (2020-2028) (US $MN)
- Table 54 Asia Pacific Fracking Proppants Market Outlook, By Tight Gas (2020-2028) (US $MN)
- Table 55 Asia Pacific Fracking Proppants Market Outlook, By Shale Gas (2020-2028) (US $MN)
- Table 56 Asia Pacific Fracking Proppants Market Outlook, By Other Applications (2020-2028) (US $MN)
- Table 57 South America Fracking Proppants Market Outlook, By Country (2020-2028) (US $MN)
- Table 58 South America Fracking Proppants Market Outlook, By Fracturing Technology (2020-2028) (US $MN)
- Table 59 South America Fracking Proppants Market Outlook, By Natural Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 60 South America Fracking Proppants Market Outlook, By Polylactic Acid Base Fiber Technology (2020-2028) (US $MN)
- Table 61 South America Fracking Proppants Market Outlook, By Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 62 South America Fracking Proppants Market Outlook, By Product (2020-2028) (US $MN)
- Table 63 South America Fracking Proppants Market Outlook, By Resin Coated Proppants (2020-2028) (US $MN)
- Table 64 South America Fracking Proppants Market Outlook, By Ceramic Proppants (2020-2028) (US $MN)
- Table 65 South America Fracking Proppants Market Outlook, By Frac Sand (2020-2028) (US $MN)
- Table 66 South America Fracking Proppants Market Outlook, By Application (2020-2028) (US $MN)
- Table 67 South America Fracking Proppants Market Outlook, By Coal Bed Methane (2020-2028) (US $MN)
- Table 68 South America Fracking Proppants Market Outlook, By Tight Gas (2020-2028) (US $MN)
- Table 69 South America Fracking Proppants Market Outlook, By Shale Gas (2020-2028) (US $MN)
- Table 70 South America Fracking Proppants Market Outlook, By Other Applications (2020-2028) (US $MN)
- Table 71 Middle East & Africa Fracking Proppants Market Outlook, By Country (2020-2028) (US $MN)
- Table 72 Middle East & Africa Fracking Proppants Market Outlook, By Fracturing Technology (2020-2028) (US $MN)
- Table 73 Middle East & Africa Fracking Proppants Market Outlook, By Natural Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 74 Middle East & Africa Fracking Proppants Market Outlook, By Polylactic Acid Base Fiber Technology (2020-2028) (US $MN)
- Table 75 Middle East & Africa Fracking Proppants Market Outlook, By Induced Hydraulic Fracturing (2020-2028) (US $MN)
- Table 76 Middle East & Africa Fracking Proppants Market Outlook, By Product (2020-2028) (US $MN)
- Table 77 Middle East & Africa Fracking Proppants Market Outlook, By Resin Coated Proppants (2020-2028) (US $MN)
- Table 78 Middle East & Africa Fracking Proppants Market Outlook, By Ceramic Proppants (2020-2028) (US $MN)
- Table 79 Middle East & Africa Fracking Proppants Market Outlook, By Frac Sand (2020-2028) (US $MN)
- Table 80 Middle East & Africa Fracking Proppants Market Outlook, By Application (2020-2028) (US $MN)
- Table 81 Middle East & Africa Fracking Proppants Market Outlook, By Coal Bed Methane (2020-2028) (US $MN)
- Table 82 Middle East & Africa Fracking Proppants Market Outlook, By Tight Gas (2020-2028) (US $MN)
- Table 83 Middle East & Africa Fracking Proppants Market Outlook, By Shale Gas (2020-2028) (US $MN)
- Table 84 Middle East & Africa Fracking Proppants Market Outlook, By Other Applications (2020-2028) (US $MN)
