Global Proppant Market, By Type (Frac Sand Proppant, Resin–Coated Proppant, Ceramic Proppant), Application (Shale Gas, Tight Gas, Coal Bed Methane, Others) Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Proppant Market
Data Bridge Market Research analyses that the proppant market will witness a CAGR of 6.97%. Proppant market report analyses the growth which is growing due to the proppant market is expanding as a result of factors such as improved fracturing technology and rising demand from the oil and gas industries.
Proppants are gritty, uniformly sized materials that are mixed with fracturing fluid during the hydraulic fracturing (fracking) process to keep open ground fractures. Proppant demand has recently increased as oil and natural gas wells are modified to yield more oil and gas through hydraulic fracturing. Proppant solutions help to improve well production capacity by delivering more oil and natural gas per day by combining new drilling techniques with ultra-sophisticated frac designs.
The major factors driving the market's expansion are increased demand for proppants from the oil and gas industry as a result of hydraulic fracturing. Due to the introduction of new fracking techniques such as horizontal multistage fracturing, which are expected to gain significant traction in the review years, the proppants market is expected to have excellent demand in the coming years. Furthermore, increased research and development to develop lightweight proppant variants is expected to contribute to market growth during the forecast period.
Rising demand for ceramic and resin-coated proppant will propel the market forward. Technological advancements in new drilling techniques and fracturing technology will boost market demand. During the forecast period, the proppant market will be influenced by the growth of the shale industry and rising proppant consumption around the world.
However, governments around the world are enacting rules to regulate hydraulic fracturing in response to growing environmental concerns. Furthermore, the extraction of fossil fuels and renewable energy is a significant impediment to market growth.
This proppant market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on proppant market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. Product approvals, product launches, geographical expansions, technological innovations
Global Proppant Market Scope and Market Size
Proppant market is segmented on the basis of type and by application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, proppant market is segmented into frac sand proppant, resin–coated proppant and ceramic proppant.
- Based on application, proppant market is segmented into shale gas, tight gas, coal bed methane and others.
Proppant Market Country Level Analysis
The proppant market is analysed and market size, volume information is provided by country, type and by application referenced above.
The countries covered in the proppant market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific has the largest market share for proppant, and it is expected to grow the fastest during the forecast period. Domestic demand for natural gas will rise in major APAC economies as a result of the region's shale gas development. The extraction of shale gas is expected to improve the region's energy security by reducing reliance on external sources. Shale gas development, on the other hand, is in its early stages. Increasing shale gas production in China, as the country attempts to replicate the US shale gas boom, will drive proppant demand in APAC significantly during the forecast period.
The country section of the proppant market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Proppant Market Share Analysis
The proppant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Proppant market.
Some of the major players operating in the proppant market report are CARBO Ceramics Inc., Saint-Gobain, U.S. Silica., JSC "Borovichi Refractories Plant", Superior Silica Sands, Hi-Crush Inc., Hexion, Covia Holdings Corporation, Fores LTD, Badger Mining Corporation, SmartSand, Inc., ChangQing Proppant, Eagle Materials Inc., Baker Hughes, Halliburton, Wanli Proppant, Momentive, among others.
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