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Proppants Market - Forecast (2020 - 2025)

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  • 117 Pages
  • March 2020
  • Region: Global
  • IndustryARC
  • ID: 3974140
Proppants Market Overview:

The demand for oil & gas was gauged to be 145.7 mboe/d in 2020, and the Organization of Petroleum Exporting Countries (OPEC) projects that the demand will catapult to 193.9 mboe/d in 2040. This growing demand for oil & gas is poised to drive associated industries, and one of those sectors is the proppants market, which was worth $8.1 billion as of 2020. This is because proppants are used during the fracking stage of oil & gas extraction. Owing to the augmented demand for oil & gas, the proppants market is poised to observe growth at a profitable compound annual growth rate (CAGR) of 7.10% during the forecast period 2020-2025.

According to the US Energy Information Administration (EIA), in 2020, as much as 6.44 million barrels per day of crude oil production in the U.S. was attributed to tight oil resources, which equals to 59% of the total crude oil production in the U.S.[2] North America has been the highest producer of oil & gas for quite a few years, and undisputedly so because of the booming shale gas market in countries such as the US and Canada. Evidently, the oil & gas industry in the region is offering opportunities to the vendors in the proppants market. North America had the highest proppants market share of 71% in 2020.

Proppants Market Outlook:

Proppants or ceramic proppants produced in engineered proppants plants are sand-like materials that are used in the fracking and hydraulic fracturing stage of oil & gas production or extraction. They are used for fracking with various oil & gas resources such as shale gas, tight oil, and coal bed methane.

The most gainful segment of the proppants market is frac sand, which is poised to observe an increment at a staggering CAGR of 54% over the forecast period. This can be attributed to the amplified supply of frac sand, which is easily available and relatively affordable. Even though in-basin sand mines are proving to be a threat to the frac sand market, the mines are not yet operational, and the future will observe an increasing application of frac sand for the fracking process.

Proppants Market Growth Drivers:

- The Overall Growth of Hydraulic Fracturing Services –

According to the US EIA, 95% of the new wells drilled are hydraulically fractured, which substantially supports the hydraulic fracturing market.[3] The growth prospects in the hydraulic fracturing & services market can be further fathomed by the fact that the U.S. and Canada are continuously observing rise in the revenues generated from this market. Evidently, the service providers need proppants that are designed to keep an induced hydraulic fracture open during the process. Furthermore, the exploration and production activities are makings strides, and therefore, there is a discernible demand influx in the hydraulic fracturing market, which is supporting the proppants market.

- The Resin-Coated Proppants Gaining Traction –

The resin-coated proppants are found to be increasing productivity of oil wells. An increase in oil well activities is foreseen in order to meet the demand for oil & gas as mentioned in the sustainable development goals (SDGs) of the United Nations (UN). This will require an enhanced efficiency in activities, and so, the resin-coated proppants will be used more. The vendors in the proppants market will observe an increased application of resin-coated proppants.

- Ceramic Proppants to Observe Demand Influx for High-Pressure Operations –

The deep and high-pressure oil wells in Texas, Los Angeles, Saudi Arabia, and Nigeria typically require heavy-weight ceramics with high alumina or bauxite content. Evidently, ceramic proppants have stronger molecular structure as compared to others. Furthermore, they have a consistent size and spherical shape and offer higher crush strength as compared to others. The exploration activities in the deep, high-temperature, and high-pressure oil wells is poised to drive the ceramic proppants market.

Proppants Market Trends –

- Incorporation of Ecofriendly Processes in Oil Wells –

The protection of environment has become imperative in all the industries and the oil & gas sector is no different. Ceramic proppants will observe growth because of they are found to be relatively much more ecofriendly in nature.

- Proppants Market Challenges –

The major challenge in front of the vendors in the proppants market is the reduction in operating expenses caused by sand and proppant flowing back. This also affects the turnaround time. However, in the future, the oil well operations will observe the use of resin-coated proppants, which will alleviate the problem of proppant flowing back, but the inculcation of this process will shoot up the budget and create a challenging pricing environment in the proppants market. Moreover, there is going to be a dynamism in the demand of oil & gas for a short period of time, which will affect the proppants market over the forecast period.

Proppants Market Key Players Perspective –

The major players striving to capitalize on the demand influx in the proppants market are Badger Mining Corporation, Momentive Performance Materials, Unimin Corporation, U.S. Silica Holdings Inc., Compagnie de Saint-Gobain S.A., Carbo Ceramics, Inc., Fores, Cadre, Borovichi Refractories Plant, Mineracao Curimbaba Ltd., and Hi-Crush LP Partners.

Proppants Market Research Scope:

The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the proppants market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The proppants market research report also analyses the application of proppants in shale gas, tight oil, and coal bed methane mining processes in the oil & gas industry.

Proppants Market Report: Industry Coverage

  • The proppants market report identified the current trends, opportunities, and challenges in the industry along with a detailed depiction of strategies by the existing market players.

  • The report also analyzes the proppants market on the basis of type that includes sand, resin-coated, and ceramic proppants with growth prospects in each segment with future projections.

The report also analyzes the major geographic regions as well as the major countries in these regions. The regions and countries covered in the study include:

  • North America: The U.S., Canada, Mexico

  • South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

  • Europe: The U.K., Germany, Italy, France, the Netherlands, Belgium, Spain, Denmark

  • APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

  • Middle East and Africa: Israel, South Africa, Saudi Arabia

Key Questions Addressed in the Proppants Market Report

  • Is the market demand for proppants growing? How long will it continue to grow and at what rate?

  • Which type of proppants presents the major growth opportunities?

  • Is there a possibility for change in the market structure over time?

  • Are additional developments needed for the existing product or services offerings or do the existing products meet the customer demands?

  • Do the key vendors look for partnerships to expand their businesses with respect to geography or product? 

  • What are the short-term, long-term, and medium-term growth drivers for the market?

  • What are the short-term, medium-term, and long-term challenges for the market?

  • What are the short-term, medium-term, and long-term opportunities for the market

  • Who are the top players/companies of the market?

  • What are the recent innovations in the market?

  • How many patents have been filed by the leading players?

  • What are the types of patents filed by the leading players?

  • What is our Vision 2030 for the proppants market?

A Few Focus Points Of This Research Are Given Below:

  • Give a deep-dive analysis of the key operational strategies with focus on the corporate structure, R&D strategies, localization strategies, production capabilities, and sales performance of various companies

  • Provide an overview of the product portfolio, including product planning, development, and positioning

  • Discuss the role of technology companies in partnerships

  • Explore the regional sales activities

  • Analyze the market size and giving the forecast for current and future global proppants market during the forecast 2020–2025

  • Analyze the competitive factors, competitors’ market shares, product capabilities, and supply chain structures

Table of Contents

1. Proppants Market - Market Overview
1.1. Definitions and Scope
2. Proppants Market - Executive Summary
2.1. Market Revenue, Market Size and Key Trends by Company
2.2. Key Trends by Type of Application
2.3. Key Trends Segmented by Geography
3. Proppants Market - Comparative Analysis
3.1. Comparative Analysis
3.1.1. Product Benchmarking - Top 10 Companies
3.1.2. Top 5 Financials Analysis
3.1.3. Market Value Split by Top 10 Companies
3.1.4. Patent Analysis - Top 10 Companies
3.1.5. Pricing Analysis
4. Proppants Market - Startup Companies Scenario
4.1. Top 10 Startup Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Market Shares
4.1.4. Market Size and Application Analysis
4.1.5. Venture Capital and Funding Scenario
5. Proppants Market Forces
5.1. Drivers
5.2. Constraints
5.3. Challenges
5.4. Porter’s Five Force Model
5.4.1. Bargaining Power of Suppliers
5.4.2. Bargaining Power of Customers
5.4.3. Threat of New Entrants
5.4.4. Rivalry Among Existing Players
5.4.5. Threat of Substitutes
6. Proppants Market - Strategic Analysis
6.1. Value Chain Analysis
6.2. Opportunities Analysis
6.3. Product Life Cycle
6.4. Suppliers and Distributors Market Share
7. Proppants Market - By Type (Market Size - $Million/$Billion)
7.1. Market Size and Market Share Analysis
7.2. Application Revenue and Trend Research
7.3. Product Segment Analysis
7.3.1. Sand
7.3.2. Resin Coated
7.3.3. Ceramic
8. Proppants Market - By Application (Market Size - $Million/$Billion)
8.1. Shale Gas
8.2. Tight Oil
8.3. Coal Bed Methane
8.4. LNG
8.5. Others
9. Proppants - By Geography (Market Size - $Million/$Billion)
9.1. Proppants Market - North America Segment Research
9.2. North America Market Research (Market Size - $Million/$Billion)
9.2.1. Segment Type Size and Market Size Analysis
9.2.2. Revenue and Trends
9.2.3. Application Revenue and Trends by Type of Application
9.2.4. Company Revenue and Product Analysis
9.2.5. North America Product Type and Application Market Size U.S. Canada Mexico
9.3. Proppants - South America Segment Research
9.4. South America Market Research (Market Size - $Million/$Billion)
9.4.1. Segment Type Size and Market Size Analysis
9.4.2. Revenue and Trends
9.4.3. Application Revenue and Trends by Type of Application
9.4.4. Company Revenue and Product Analysis
9.4.5. South America Product Type and Application Market Size Brazil Argentina Colombia Rest of South America
9.5. Proppants - Europe Segment Research
9.6. Europe Market Research (Market Size - $Million/$Billion)
9.6.1. Segment Type Size and Market Size Analysis
9.6.2. Revenue and Trends
9.6.3. Application Revenue and Trends by Type of Application
9.6.4. Company Revenue and Product Analysis
9.6.5. Europe Segment Product Type and Application Market Size U.K. Germany Italy France Rest of Europe
9.7. Proppants - APAC Segment Research
9.8. APAC Market Research (Market Size - $Million/$Billion)
9.8.1. Segment Type Size and Market Size Analysis
9.8.2. Revenue and Trends
9.8.3. Application Revenue and Trends by Type of Application
9.8.4. Company Revenue and Product Analysis
9.8.5. APAC Segment - Product type and Application Market Size China Australia Japan South Korea India Rest of APAC
10. Proppants Market - Market Entropy
10.1. New product launches
10.2. M&As, Collaborations, JVs and Partnerships
11. Proppants Market - Industry/Segment Competition Landscape
11.1. Market Share Analysis
11.1.1. Market Share by Country - Top Companies
11.1.2. Market Share by Region - Top 10 Companies
11.1.3. Market Share by Type of Application - Top 10 Companies
11.1.4. Market Share by Type of Product/Product Category - Top 10 Companies
11.1.5. Market Share at Global Level - Top 10 Companies
11.1.6. Best Practices for Companies
12. Proppants Market Company Analysis
12.1. Market Share, Company Revenue, Products, M&A, Developments
12.2. Momentive Specialty Chemicals Inc.
12.3. JSC "Borovichi Refractories Plant"
12.4. Mineracao Curimbaba Ltda.
12.5. Yixing Orient Petroleum Proppant Co. Ltd.
12.6. U.S. Silica Holdings Inc.
13. Proppants Market - Appendix
13.1. Abbreviations
13.2. Sources
14. Proppants Market - Methodology
14.1. Research Methodology
14.1.1. Company Expert Interviews
14.1.2. Industry Databases
14.1.3. Associations
14.1.4. Company News
14.1.5. Company Annual Reports
14.1.6. Application Trends
14.1.7. New Products and Product database
14.1.8. Company Transcripts
14.1.9. R&D Trends
14.1.10. Key Opinion Leaders Interviews
14.1.10. Supply and Demand Trends