Proppants are materials used in hydraulic fracturing, also known as “fracking,” to prop open the cracks in shale rock formations so that oil or natural gas can flow through the rock and be extracted from the well. The proppant material is typically made up of small, round beads or grains of sand, ceramic, or other material that is able to withstand high pressure and temperatures. These materials are mixed with water and chemicals and pumped into the well at high pressure, causing the shale rock to fracture and create larger channels for oil or gas to flow through. The global proppants market is likely to register a CAGR of over 6.7% with an incremental growth of USD 3.8 billion during the forecast period 2023-2029.

This industry report offers market estimates of the global market, followed by a detailed analysis of the product, application, and region. The global market data on proppants can be segmented by product: ceramic proppants, raw frac sand, resin-coated proppants. Among these, the raw frac sand segment was accounted for the highest revenue generator in 2022. Proppants market is further segmented by application: coalbed methane, shale gas, tight gas, others. The shale gas segment is estimated to account for the largest share of the global proppants market. Based on region, the proppants market is segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the largest share of the global proppants market in 2022 and is anticipated to hold its share during the forecast period.

The ceramic proppants market is further segmented into high strength ceramic proppants, intermediate strength ceramic proppants, light weight ceramic proppants, others. The high strength ceramic proppants segment captured the largest share of the market in 2022 and is expected to maintain its dominance during the forecast period.

The global proppants market is highly competitive. Some of the leading companies operating in the market are Ashapura Minechem Ltd., Badger Mining Corporation (BMC), Baker Hughes Company, Carbo Ceramics Inc., Covia Holdings LLC (Unimin Corporation), Emerge Energy Services LP, EOG Resources Inc., Fairmount Santrol Holdings Inc., Hexion Inc., Hi-Crush Partners LP, Pattison Sand Company LLC, Pioneer Natural Resources Company, Preferred Sands Inc., Sierra Frac Sand LLC, U.S. Silica Holdings Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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