Proppants Market - Forecasts from 2019 to 2024

The proppants market is estimated to grow at a CAGR of 7.79% during the period 2018-2024. Proppants are small particles that are made up of solid material like sand or man-made ceramic material. The material is used as a part of the process of hydraulic fracturing and is considered as one of the most impactful innovation of this century. The demand for proppants is primarily driven by the increased focus on shale gas production in especially North American region which is boosting the demand for proppants. Rising E&P activities across global oil and gas sector is the major driver of proppants market. Advancements in fracturing technologies coupled with rising adoption of new drilling techniques is also fuelling the demand for proppants. Increasing consumption of proppants per well, supported by growing demand for frac sand proppant is also boosting the growth of proppants market.

Growing shift towards the usage of ceramic proppants will continue to propel the growth of proppants market during the forecast period. However, growing environmental concerns and strict legislations are currently hindering the growth of proppants market. Geographically, proppants market is segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America will dominate the global proppants market owing to the rising exploration of unconventional crude oil reserves in countries like U.S. and Mexico. Increasing hydraulic fracturing application for shale gas and tight oil purposes is also positively impacting the demand for proppants in this region.

The Proppants Market – Forecasts from 2019 to 2024 is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product type, application, and geography.

The proppants market has been segmented based on product type, application, and geography. Based on the product type the market has been segmented into ceramic, resin-coated, and Frac sand. By application, the market has been classified into shale gas, tight gas, and others.

Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and the Asia Pacific regions. The report also analyzes 14 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.

Major players in the proppants market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the proppant market.

Segmentation

By Product Type

• Ceramic
• Resin-coated
• Frac Sand

By Application

• Shale Gas
• Tight Gas
• Others

By Geography

North America

• USA
• Mexico
• Canada

South America

• Brazil
• Argentina
• Others

Europe

• United Kingdom
• Germany
• France
• Poland
• Others

Middle East and Africa

• Israel
• Saudi Arabia
• Others

Asia Pacific

• China
• Japan
• India
• Others