The global Fracking Proppants market reached a value of about USD 7.14 billion in 2021. The industry is projected to grow at a CAGR of around 6% in the forecast period of 2022-2027 to reach a value of about USD 10.12 billion by 2027.
The global Fracking Proppants industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The demand for the product due to its use in exploration activities is driving the market growth. The United States is the highest category spender by region, driving the demand for the Fracking Proppants industry.
A proppant, also known as ceramic proppants, is a sand-like solid substance used to keep an induced hydraulic fracture open during or after fracturing. It is ordinary sand, treated sand, or artificial ceramic materials. It is among the most crucial oilfield innovations and is utilised to frac shale gas, tight oil, and coal bed methane, among other oil and gas resources. The Fracking Proppants industry report comprises segments by type (frac sand, ceramic proppants, and resin-coated) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and Latin America).
The United States holds the largest share in the industry as it is one of the world's leaders in exploring unconventional crude oil deposits and the use of hydraulic fracturing to extract them. The need for proppants has been increasing as the country's hydraulic fracturing applications, particularly shale gas and tight oil, have grown. Furthermore, as the number of horizontal wells in North America grows, the need for proppants per well grows, likely to boost the market.
The rise in exploration activities is driving the market; the demand for proppants has risen as crude oil prices. Because of its extensive use in oil and natural gas wells and its economic advantage over other proppants, raw frac sand is the most commonly employed. It accounts for a significant industry share due to its efficiency, low cost, and availability. Superior properties of high-quality frac sand, such as high-purity silica sand, a spherical form that allows it to be transported in hydraulic fracturing fluid with little turbulence, and durability to withstand crushing pressures of closing cracks, boost its use proppants, thus resulting in the market's expansion.
However, the stringent Government rules aimed at decreasing hydraulic fracturing because of its harmful environmental effect and groundwater pollution might impact the market negatively.
The global Fracking Proppants industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Fracking Proppants regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
The abrupt shock of propelling a liquid combination of proppant, chemicals, and water into a well causes cracks in the rock. If nothing is done to keep these fissures open, they will shut, limiting the number of hydrocarbons that may escape. They are crush-resistant and help keep fractures open for as long as possible, increasing well production.
The industry is aided by advancements in fracturing technology and increased shale gas production operations. Furthermore, Ceramic proppants are expected to rise in popularity since they are believed to be more environmentally friendly. In addition, new fracking techniques, such as horizontal multistage fracturing, are also being introduced by manufacturers furthering the market. Additionally, the development of eco-friendly non-phenolic resin-coated proppants and improvements in the hydraulic fracturing process in terms of increasing fracture flow capacity paired with increased research and development (R&D) to produce lightweight proppant variations is likely to impact the market positively.
The regional markets for the industry can be divided into North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The worldwide proppants market is fragmented, with no single company controlling a significant portion of the industry. Proppant providers may not be able to negotiate better terms with reduced but steady oil pricing. Service firms' high-volume purchases and long-term ties with suppliers will limit an E&P company's ability to buy proppants directly. Due to growing application growth in the Asia Pacific, the bulk of businesses has boosted manufacturing capacity.
1. Executive Summary
2. Fracking Proppants Market Snapshot
2.1. Fracking Proppants Market Outlook
2.2. Fracking Proppants Industry Analysis by Type
2.2.1. Frac Sand
2.2.2. Ceramic proppants
2.2.3. Resin Coated
2.3. Country Overview
2.3.1. North America
2.3.4. Latin America
2.3.5. Middle East & Africa
3. Impact of Recent Events
4. Fracking Proppants Value Chain Analysis
5. Fracking Proppants Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Fracking Proppants Cost Structure
9. Fracking Proppants Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Fracking Proppants Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Badger Mining Corporation
14.2. CARBO Ceramics Limited
14.3. Hi Crush Inc
14.4. US Silica Holdings,Inc.
14.5. Yixing Orient Co Ltd.
The global Fracking Proppants market size was valued at USD 7.14 billion in 2021.
As per the product type provided, the Frac Sand segment is anticipated to lead the market between the period 2021 – 2027.
The significant demand for the product in the oil and gas sector is one of the essential drivers of the Fracking Proppants market growth.
Badger Mining Corporation, CARBO Ceramics, Hi-Crush Partners LP, US Silica Holdings, Inc., and Yixing Orient Co Ltd. are some of the prominent players in the market.
The United States region of the Fracking Proppants industry holds a significant share in the market.
The global Fracking Proppants market attained a value of USD 7.14 billion in 2021, driven by the rise in exploration activities. With the growing advancements in fracturing technology and increased shale gas production operations paired with increased research and development (R&D) to produce lightweight proppant variations, the market is expected to witness further growth in 2022-2027 CAGR of 6%. The market is projected to reach USD 10.12 billion by 2027. Some of the leading players in the industry are Badger Mining Corporation, CARBO Ceramics, Hi-Crush Partners LP, US Silica Holdings, Inc., and Yixing Orient Co Ltd.
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