Proppants Market to Grow with a CAGR of 6.97% through 2030
Rising Mining Activities through Hydraulic Fracking and increasing demand of natural gases are the major drivers of the Global Proppants Market.
According to
TechSci Research report, “Proppants Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Proppants
Market was valued at USD 8.82 Billion in 2024 and is expected to reach USD
13.09 Billion by 2030 with a CAGR of 6.97%.
Technological
advancements are transforming the global proppants market, enhancing
efficiency, sustainability, and performance in hydraulic fracturing.
Innovations in ceramic proppants, made from high-quality oxidized kaolin clay,
offer superior strength and conductivity for deep wells, improving hydrocarbon
recovery. Resin-coated proppants, with advanced coatings, provide better
flowback control and durability under high pressure, reducing formation damage.
Lightweight proppants, developed through nanotechnology, minimize
transportation costs and environmental impact while maintaining fracture
support.
The
shift to unconventional extraction has spurred horizontal multistage fracturing
technologies, requiring proppants with uniform size and shape for optimal
fracture conductivity. Manufacturers are investing in R&D for eco-friendly
proppants, such as biodegradable variants, to comply with regulations like
REACH. Advanced manufacturing processes, including sintering and coating
techniques, produce high-strength proppants for tight formations. Digital tools
and AI optimize proppant placement, predicting performance in reservoirs. These
developments, supported by investments in growing economies, drive market
growth by addressing energy demands and sustainability through 2030.
Browse over XX
market data Figures spread through XX Pages and an in-depth TOC on "Global
Proppants Market”
The Global Proppants
Market is segmented into type, application, regional distribution, and company.
Based
on type, the frac sand segment is expected to dominate the global proppants
market during the forecast period, driven by its cost-effectiveness, abundant
availability, and suitability for a wide range of hydraulic fracturing
operations. Frac sand offers optimal permeability and strength, making it ideal
for oil and gas well stimulation, particularly in unconventional shale
formations. Its lower production and transportation costs compared to ceramic
and resin-coated proppants further enhance its adoption. The growing demand for
energy, coupled with increased shale gas exploration and oil production
activities, especially in North America, is expected to significantly boost the
consumption of frac sand, reinforcing its leading position in the global proppants
market.
Based on region,
the Asia-Pacific region is the fastest-growing segment in the global proppants
market and is expected to sustain its growth momentum throughout the forecast
period. This growth is driven by increasing oil and gas exploration activities
in countries such as China, India, and Australia, along with rising investments
in unconventional energy resources. Rapid industrialization, growing energy
demand, and government initiatives to boost domestic hydrocarbon production are
further fueling market expansion. Additionally, technological advancements in
hydraulic fracturing and drilling techniques are enhancing the efficiency and
adoption of proppants in the region. The presence of untapped reserves and
expanding upstream operations positions Asia-Pacific as a key growth hub in the
global proppants market.
Major companies
operating in Global Proppants Market are:
- JSC Borovichi
Refractories Plant
- US Silica
Holdings Inc.
- Compagnie de
Saint-Gobain S.A.
- Smart Sand Inc.
- Badger Mining
Corporation
- Xinmi Wanli
Industry Development Co., Ltd.
- Petro Welt
Technologies AG
- Mineração
Curimbaba Ltda
- Vikas Proppant
& Granite Limited
- Nika Petro Tech
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“The global proppants market is poised
for robust growth through 2030, driven by increasing hydraulic fracturing
activities, rising demand for natural gas, and advancements in proppant
technologies. Key factors include the expansion of shale gas exploration,
supportive government policies for energy security, and the shift toward
lightweight, high-strength proppants. North America dominates due to extensive
shale operations, while Asia-Pacific is the fastest-growing region with
emerging economies boosting mining activities. Challenges such as supply chain
disruptions and environmental concerns persist, but trends in ceramic proppants
and sustainable extraction are shaping the market”, said Mr.
Karan Chechi, Research Director, TechSci Research, a research-based management
consulting firm.
“Proppants
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Type (Frac Sand, Resin Coated Frac Sand, Resin Coated Ceramic
Proppants and High Strength Ceramic Proppants), By Application (Shale gas,
Coalbed Methane, Tight Gas, Tight Oil, Deep Gas, Others), By Region and By
Competition, 2020-2030F”, has evaluated the future growth potential of Global
Proppants Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Proppants Market.
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