Proppant Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Type (Frac Sand, Resin-Coated Proppant, and Ceramic Proppant); Application (Shale Gas, Tight Gas, Coalbed Methane, and Others); By Region/ Country

Detailed Analysis of COVID-19 Impact on the Proppant Market

Pages:

174

Table:

37

Figure:

92

Report ID:

UMCH211063

Geography:

Clear
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Report Description
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Research Methodology

Report Description

Proppant Market
Proppant Market

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The Global Proppant Market is expected to grow at a CAGR of around 7% during the forecasted period from 2022-2028F. This is mainly due to the government policies to regulate hydraulic fracturing in response to growing environmental concerns along with the introduction of environmentally acceptable non-phenolic resin-coated proppants are some other factors that are expected to drive the market growth during the forecast period.

Some of the major players operating in the market include Carbo Ceramics Inc., U.S. Silica Holdings Inc., Mineração Curimbaba Ltda., Covia Holdings LLC, Hi-Crush Inc., Xinmi Wanli Industry Development Co. Ltd., Atlas Sand Company LLC, JSC Borovichi Refractories Plant, Hexion Inc., and Baker Hughes Company.

Insights Presented in the Report

“Amongst type, Ceramic sand category accounted for the majority share in the market in 2020”

Based on type, the market is classified into frac sand, resin-coated proppant, and ceramic proppant. Ceramic sand catered a significant share in the market due to its excellent crush resistance, conductivity, and strength, ceramic proppants are predicted to have a rapid increase in demand due to increased consumption in impermeable shale fields. In addition, ceramic sand has superior performance compared to sand and lower cost compared to ceramic proppants, resin-coated proppants which are anticipated to increase its demand. Moreover, ceramics are non-metallurgical materials created by the fusion of substances including alumina, clay, tungsten carbide, and silicon carbide in the presence of extreme heat.

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“Amongst application, shale reserve segment is expected to witness highest CAGR during the forecast period”

Based on application, the market is categorized into shale gas, tight gas, coalbed methane, and others. Shale gas caters to a significant share of the market. Furthermore, it is anticipated that the demand will increase in the coming years due to the presence of significant untapped shale gas deposits in China, Australia, Argentina, Saudi Arabia, Algeria, and Brazil. Further driving the growth is anticipated to be the rising estimated ultimate recovery (EUR) and permeability of ceramic proppant in shale plays. It is anticipated that the high prospective reserves of coal bed methane (CBM) in Australia and India will increase the demand for proppants in this application.

“Asia-Pacific to witness significant growth during the forecast period”

During the forecast period, the proppant market in Asia-Pacific is expected to increase significantly in the global market. Countries like China and Australia in the region are using cutting-edge methods to harvest shale gas from its reserves. The region that produces the most coalbed methane worldwide. High coalbed methane reserves can be found, among other nations in the region, in China, India, Australia, Japan, and Indonesia. The region’s low conventional natural gas deposits and high natural gas prices on the global market stimulate the development of coalbed methane. Thus, supporting proppant market growth during the forecast period

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

 

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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation

 

2.1.Research Process of the Proppant Market
2.2.Research Methodology of the Proppant Market
2.3.Respondent Profile   

 

3MARKET SYNOPSIS
4EXECUTIVE SUMMARY

 

5GLOBAL PROPPANT MARKET REVENUE (USD BN), 2022-2028F

 

6.1.Frac Sand  
6.2.Resin-coated Proppants
6.3.Ceramic Proppants  

 

7.1.Shale Gas
7.2.Tight Gas
7.3.Coalbed Methane
7.4.Others
8.1.North America  
 8.1.1.U.S.  
 8.1.2.Canada  
8.2.The Middle East and Africa  
 8.2.1.Saudi Arabia 
 8.2.2.U.A.E.  
 8.2.3.Rest of the Middle East and Africa
8.3.Asia-Pacific  
 8.3.1.China  
 8.3.2.India  
 8.3.3.Australia  
 8.3.4.Rest of Asia-Pacific 
8.4.Rest of the World  

 

9.1.Market Drivers
9.2.Market Challenges
9.3.Impact Analysis

 

10PROPPANT MARKET OPPORTUNITIES

 

11PROPPANT MARKET TRENDS

 

12REGULATORY LANDSCAPE

 

13.1.Demand Side Analysis
13.2.Supply Side Analysis

 

14VALUE CHAIN ANALYSIS

 

15.1.Competitive Landscape
 15.1.1.Porter’s Five Forces Analysis 

 

16.1.Carbo Ceramics Inc.  
16.2.U.S. Silica Holdings Inc. 
16.3.Mineração Curimbaba Ltda. 
16.4.Covia Holdings LLC  
16.5.Hi-Crush Inc.  
16.6.Xinmi Wanli Industry Development Co., Ltd.
16.7.Atlas Sand Company LLC 
16.8.JSC Borovichi Refractories Plant
16.9.Hexion Inc.  
16.10.Baker Hughes Company 

 

17 DISCLAIMER

Research Methodology

Research Methodology for the Global Proppant Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global Proppant market were the three major steps undertaken to create and analyze the adoption of the proppant market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Proppant market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the proppant market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the proppant market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the proppant market. Further, we conducted factor analysis using dependent and independent variables such as type and application. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the proppant market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global proppant market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of the proppant market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global Proppant market in terms of type and application Also, the growth strategies adopted by these players to compete in the fast-growing market

 

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Proppant Market
Proppant Market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global proppant market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and application in the global proppant market

The main objective of the Global Proppant Market Study

The current & future market trends of the global proppant market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the proppant market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type and application.
  • Define and analysis of the regulatory framework for the proppant market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the proppant market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, MEA, North America, and the Rest of the world.
  • Company profiles of the proppant market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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