Proppants Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product Type (Ceramic, Resin-coated, Frac Sand), By Application (Shale Gas, Tight Gas, Others), And By Geography - Forecasts From 2023 To 2028

The proppants market was valued at US$5.458 billion in 2021.

The material is used as a part of the process of hydraulic fracturing and is considered one of the most impactful innovations of this century. The demand for proppants is primarily driven by the increased focus on shale gas production, especially in the North American region, boosting the demand for proppants. Rising E&P activities across the global oil and gas sector are the major driver of the proppants market. Advancements in fracturing technologies and the rising adoption of new drilling techniques are also fuelling the demand for proppants. Increasing proppant consumption, supported by growing demand for frac sand proppant, is also boosting market growth.

A growing shift towards ceramic proppants will continue to propel the proppants market growth during the forecast period. However, growing environmental concerns and strict legislation are hindering the proppant demand. The proppants market is geographically segmented as North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America will dominate the global proppants market due to the rising exploration of unconventional crude oil reserves in countries like the U.S. and Mexico. In addition, increasing hydraulic fracturing applications for shale gas and tight oil purposes is also positively impacting the demand for proppants in this region.   

This research study examines the proppants market based on various segments: product type, application, and geography. First, a brief market overview details key driving factors and challenges. Next, Porter's five forces model analyzes the proppants industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the proppants market. Moreover, the research study analyzes the overall regulatory framework of the proppants sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Proppants Market – Forecasts from 2023 to 2028 are a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape, details the strategies of key market players, and plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.

The scope and coverage of the proppants market report are as below:

• Proppants market data tables and charts
• Market outlook with sections on drivers, restraints, Porter's, and industry value chain analysis
• Market assessment by product type into ceramic, resin-coated, and frac sand.
• Detailed market trends, analysis, and graphical representation by application into shale gas, tight gas, and others.
• A 360^o view of the demand for proppants market solutions/services across different geographies (North America, South America, Europe, Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.

Proppants Market Scope:

Different segments covered under the proppants market report are as below:

• By Product Type
  • Ceramic 
  • Resin-Coated
  • Frac Sand
• By Application
  • Shale Gas
  • Tight Gas
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others