The global powder actuated tools market, in terms of revenue, is expected to grow by 2.7 percent annually through 2029, according to the latest estimates. Powder-actuated tools, also known as explosive-actuated tools or cartridge tools, are handheld devices used in construction and industrial settings to drive fasteners into hard materials…
Proppants Market in North America
Proppants are tiny particles or grains that are used in the hydraulic fracturing process of oil and gas wells. Typically made from sand, ceramic, or resin-coated materials, proppants are mixed with water and pumped deep into the well at high pressure to create tiny fractures in the rock formation. These fractures allow oil and gas to flow more freely to the wellbore and ultimately to the surface. The proppants are designed to hold these fractures open, preventing them from closing up once the hydraulic pressure is released. The proppants market in North America is projected to rise by USD 1.6 billion by 2029, according to the latest market study results. It is anticipated to expand at a CAGR of 5.2 percent during the forecast period.
This industry report offers market estimates of the North America market, followed by a detailed analysis of the product, and application. The North America market data on proppants can be segmented by product: ceramic proppants, raw frac sand, resin-coated proppants. The raw frac sand segment was the largest contributor to the North America proppants market in 2022. Proppants market is further segmented by application: coalbed methane, shale gas, tight gas, others. According to the research, the shale gas segment had the largest share in the proppants market in North America.
The North America proppants market is highly competitive. The prominent players operating in the North America proppants market include 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 coverage of the market across different market segments, the report is a valuable asset for the existing players, new entrants and the future investors.
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Proppants Market in North America - Report Scope
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.
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