Proppant Market: Current Analysis and Forecast (2022-2028)

The Global Proppant Market is expected to grow at a CAGR of around 7% during the forecasted period from 2022-2028F. This is mainly due to the government policies to regulate hydraulic fracturing in response to growing environmental concerns along with the introduction of environmentally acceptable non-phenolic resin-coated proppants are some other factors that are expected to drive the market growth during the forecast period.

Some of the major players operating in the market include: Carbo Ceramics Inc., U.S. Silica Holdings Inc., Mineracao Curimbaba Ltda., Covia Holdings LLC, Hi-Crush Inc., Xinmi Wanli Industry Development Co. Ltd., Atlas Sand Company LLC, JSC Borovichi Refractories Plant, Hexion Inc., and Baker Hughes Company.

Insights Presented in the Report:

"Amongst type, Ceramic sand category accounted for the majority share in the market in 2020"

Based on type, the market is classified into frac sand, resin-coated proppant, and ceramic proppant. Ceramic sand catered a significant share in the market due to its excellent crush resistance, conductivity, and strength, ceramic proppants are predicted to have a rapid increase in demand due to increased consumption in impermeable shale fields. In addition, ceramic sand has superior performance compared to sand and lower cost compared to ceramic proppants, resin-coated proppants which are anticipated to increase its demand. Moreover, ceramics are non-metallurgical materials created by the fusion of substances including alumina, clay, tungsten carbide, and silicon carbide in the presence of extreme heat.

"Amongst application, shale reserve segment is expected to witness highest CAGR during the forecast period"

Based on application, the market is categorized into shale gas, tight gas, coalbed methane, and others. Shale gas caters to a significant share of the market. Furthermore, it is anticipated that the demand will increase in the coming years due to the presence of significant untapped shale gas deposits in China, Australia, Argentina, Saudi Arabia, Algeria, and Brazil. Further driving the growth is anticipated to be the rising estimated ultimate recovery (EUR) and permeability of ceramic proppant in shale plays. It is anticipated that the high prospective reserves of coal bed methane (CBM) in Australia and India will increase the demand for proppants in this application.

"Asia-Pacific to witness significant growth during the forecast period"

During the forecast period, the proppant market in Asia-Pacific is expected to increase significantly in the global market. Countries like China and Australia in the region are using cutting-edge methods to harvest shale gas from its reserves. The region that produces the most coalbed methane worldwide. High coalbed methane reserves can be found, among other nations in the region, in China, India, Australia, Japan, and Indonesia. The region's low conventional natural gas deposits and high natural gas prices on the global market stimulate the development of coalbed methane. Thus, supporting proppant market growth during the forecast period

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

The Global Proppant Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.