The latest report by IMARC Group, titled “Proppants Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the proppants market demand. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.

The global proppants market size reached US$ 8.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.4 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.

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Proppants Market Trends:

The global proppants market is being driven by the increasing demand for energy and the consequent rise in hydraulic fracturing activities, as proppants are essential in maintaining the fissures created during the fracking process to enable the extraction of oil and natural gas. Advancements in drilling technologies, such as horizontal drilling and multi-stage fracking, are also enhancing the demand for proppants. Additionally, the growing focus on unconventional oil and gas reserves, including shale gas and tight oil, is significantly contributing to market growth.

Along with this, the widespread adoption of proppants in the oil and gas industry, due to their ability to enhance well productivity and improve the efficiency of hydrocarbon extraction, is further propelling the market. Furthermore, the introduction of innovative proppant materials, such as resin-coated and ceramic proppants, which offer superior performance characteristics, is positively influencing the market. Increasing investments in exploration and production activities, supported by favorable government policies, are also driving market growth.

Proppants Market Scope and Growth Analysis:

The scope of the global proppants market encompasses a broad range of applications, primarily in the oil and gas industry for hydraulic fracturing operations. This market includes different types of proppants, such as sand, resin-coated, and ceramic, each offering unique properties suited for various geological formations and fracking techniques. Market growth is driven by the expanding exploration and production activities in both conventional and unconventional oil and gas fields.

Emerging markets, particularly in North America, due to the extensive shale gas extraction, are witnessing significant demand for proppants. In addition, innovations in proppant technology, aimed at enhancing the conductivity and strength of proppants to withstand high-pressure conditions, are further expanding the market's scope. The growing trend towards sustainable energy practices is encouraging the development of eco-friendly proppants. Furthermore, the integration of data analytics and real-time monitoring in hydraulic fracturing operations is driving market growth by optimizing proppant usage and improving overall operational efficiency.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Carbo Ceramics Inc.
  • Saint-Gobain Proppants Inc.
  • S. Silica Holdings, Inc. 
  • Borovichi Refractories Plant
  • Yixing Orient Petroleum Proppant Co., Ltd.
  • Mineração Curimbaba Ltda.
  • China GengSheng Minerals, Inc.
  • Fairmount Santrol Holdings Inc.
  • Superior Silica Sands LLC
  • Hi-Crush Inc.
  • Hexion Inc.
  • Unimin Corporation
  • Preferred Sands LLC
  • Fores Ltd.
  • Badger Mining Corporation (BMC)
  • Smart Sand Inc.
  • Mississippi Sand LLC
  • ChangQing Proppant Corporation
  • Yangquan Changqing Petroleum Proppants Co., Ltd.
  • Eagle Materials Inc.

Proppants Market Segmentation:

Our report has categorized the market based on region, product type and application.

Breakup by Product Type:

  • Resin Coated Sand
  • Ceramic Proppants
  • Frac Sand

Breakup by Application:

  • Shale Gas
  • Tight Gas
  • Coal Bed Methane
  • Others

Regional Insights:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
  • Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

Key Highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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