According to IMARC Group latest report titled “Proppants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on proppants market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

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.

Request a Sample Report: https://www.imarcgroup.com/proppants-market/requestsample

Proppants Market Overview:

Proppants are specialized materials used in hydraulic fracturing, also known as fracking, to enhance the extraction of oil and natural gas from underground reservoirs. These materials, typically made from sand, ceramics, or resin-coated sand, are injected into the fractures created in the rock formations to keep them open, allowing the hydrocarbons to flow more freely to the wellbore. Proppants can be manufactured through various processes, including mining and crushing natural silica sand, shaping and sintering ceramic particles, or coating sand grains with resin. Their use helps to create and maintain pathways for fluid flow within the reservoir, ensuring sustained output over the lifespan of the well. Additionally, proppants provide structural support to prevent fractures from closing, enabling the extraction of resources from previously inaccessible formations.

Proppants Market Trends:

The global market is primarily driven by the increasing demand for energy worldwide has led to intensified exploration and production activities. Additionally, continual advancements in hydraulic fracturing techniques, such as horizontal drilling, have expanded the scope of proppant utilization, creating opportunities for market expansion. Moreover, the ongoing development of unconventional resources, including shale gas and tight oil, has stimulated demand for proppants in regions previously not considered economically viable for extraction is impelling market growth.

Furthermore, environmental regulations and concerns regarding the carbon footprint of traditional energy sources have prompted a shift towards cleaner-burning natural gas, further bolstering the demand for proppants. In line with this, the rising adoption of enhanced oil recovery (EOR) techniques, such as CO2 flooding and steam injection, necessitates the use of proppants to maintain reservoir pressure and optimize hydrocarbon extraction is stimulating market growth.

View Full Report with TOC & List of Figure:  https://www.imarcgroup.com/proppants-market

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

About US:

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.

Contact US:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163