Global Proppant Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Global Proppant Market Introduction: 

“The global Proppant Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Request Covid - 19 Impact

Ceramic proppants are used to maintain an induced hydraulic fracture open at the time of fracturing or following a fracturing treatment. Gas company uses process called as hydraulic fracturing or fracking, which involves injecting water, chemicals, and sand into a well under controlled conditions to fracture or crack solid rocks and release trapped gas deposits.

These proppants are used during fracturing or fracking to keep the fissures open for flow of oil and gas towards the wellhead. These proppants are of three types such as frac sand, resin-coated and ceramic.

Global Proppant Market: Dynamics 

Growing demand for shale gases coupled with increasing number of fracturing activates in developing countries is expected to drive revenue growth of the proppant market over the forecast period. The rising popularity of ceramic proppant owing to its excellent properties such as crush resistance, conductivity, and high strength is expected to support revenue growth of the global target market. Moreover, the increasing number of horizontal wells is expected to support the revenue growth of the global proppant market.

However, fluctuating prices of crude oil and the high price of ceramic proppant are expected to restrain revenue growth of global target market over the forecast period.

Global Proppant Market: Product Type Insights

On the basis of product type, the frac sand proppant segment is expected to account significant revenue share in the global proppant market. Franc sand proppant is a naturally occurring proppant manufactured from high-purity sandstone, and applicable under closure pressure of 6,000 PSI. High availability and low cost of Frac sand as compared to other proppants is a major factor expected to drive revenue growth of this segment over the forecast period.

Ceramic proppant segment is expected to grow at a higher growth rate over the forecast period. Rising demand for ceramic proppant in high pressure and high-temperature drilling is expected to support revenue growth of this segment over the forecast period.

Global Proppant Market: Regional Insights

North America market is expected to account major revenue share in the global proppant market. The growing number of drilling and completion activates in the counties in the region is expected to drive revenue growth of target market in North America. Moreover, rising drilling activities for shale gas extraction in the region is expected to support revenue growth of North America proppant market over the forecast period. Furthermore, growing hydraulic fracking activities in the region is expected to drive revenue growth of North America proppant market.

North America accounts for the major revenue share of the global proppant market, followed by markets in Asia Pacific, Middle East & Africa, Europe, and Latin America. The proppant market in Middle East & Africa is expected to grow at a steady growth rate over the forecast period. Presence of a large number of shale gas and tight gas reserves in the countries in the region is expected to drive revenue growth of proppant market in Middle East & Africa.

Global Proppant Market Segmentation:

Segmentation by Product Type:

• Frac Sand Proppant
• Resin-coated Proppant
• Ceramic Proppant

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa