프로판트 시장 규모, 점유율, 성장 분석 : 유형별, 용도별, 최종 이용 산업별, 지역별 - 산업 예측(2024-2031년)

Global Proppant Market size was valued at USD 7.90 billion in 2022 and is poised to grow from USD 8.60 billion in 2023 to USD 16.88 billion by 2031, growing at a CAGR of 8.8% during the forecast period (2024-2031).

The hydraulic fracturing (fracking) process, instrumental in enhancing oil and gas production, has propelled a significant surge in the demand for proppants, which are specifically designed materials that maintain the structural integrity of fractures in the subsurface. Proppants play a critical role in the fracking procedure, as they are blended with fracturing fluid to ensure that the fissures created in the earth remain open, facilitating the extraction of oil and natural gas. This growing reliance on hydraulic fracturing to optimize resource recovery in the oil and gas sector is a primary catalyst for the burgeoning proppant market. As operators seek to maximize flow rates from wells, the need for efficient and reliable propping agents becomes increasingly paramount. Consequently, this trend underscores a larger narrative of innovation and adaptation within the energy sector, as companies leverage advanced techniques, such as hydraulic fracturing, to meet rising global energy demands. Market participants are encouraged to explore opportunities driven by this enhanced demand for proppants, as it reflects a broader commitment to improving extraction efficiency and productivity in a competitive landscape. As the industry evolves, investment in high-quality proppants will likely play a pivotal role in shaping the future dynamics of oil and gas production.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Proppant market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Proppant Market Segmental Analysis

Global Proppant Market is segmented by type, application, end use industry and region. Based on type, the market is segmented into frac sand (white sand, brown sand), resin-coated proppants (pre-cured resin coated, curable resin coated) and ceramic proppants (low density, medium density, high density). Based on application, the market is segmented into shale gas, tight gas, coalbed methane and others (oil sands, conventional oil & gas). Based on end use industry, the market is segmented into oil & gas exploration (hydraulic fracturing, enhanced oil recovery (EOR)), construction (concrete additives, road construction) and others (water filtration, foundry). Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Proppant Market

The global proppant market is significantly driven by advancements in fracturing technologies and innovative drilling methods. The integration of horizontal drilling with multistage fracturing has transformed oil and gas production on a global scale. Consequently, exploration and production companies are increasingly utilizing sand for horizontal well drilling, a trend anticipated to gain momentum in the coming years. The average consumption of sand per horizontal well has surged fourfold since 2013, fueled by longer lateral drilling and increased loadings per lateral foot. This growing demand for drilling proppants is further supported by the shift towards using natural sand or frac sand over ceramic alternatives.

Restraints in the Global Proppant Market

One significant restraint in the global proppant market is the elevated cost associated with ceramic proppants. These proppants are produced through an energy-intensive process involving materials such as sintered bauxite, kaolin, and magnesium silicate, or blends of bauxite and kaolin. The manufacturing of ceramic proppants demands strict control over various characteristics, including uniformity in size, shape, sphericity, and roundness. This meticulous production process is crucial for enhancing the porosity and permeability of the proppant bed. Consequently, the high expenses linked to this intricate manufacturing make ceramic proppants less accessible, potentially hindering their adoption in various oil and gas applications.

Market Trends of the Global Proppant Market

The Global Proppant Market is currently witnessing a significant trend towards the dominance of frac sand, characterized by its round-grain quartz composition, exceptional strength, and high purity. As operators seek efficient and cost-effective solutions for hydraulic fracturing, the demand for frac sand, primarily derived from sandstone, continues to surge. This trend is driven by an increase in unconventional oil and gas exploration activities, coupled with technological advancements in extraction techniques that necessitate high-performance proppants. Additionally, environmental regulations promoting sustainable practices are leading to innovations in proppant alternatives, further shaping market dynamics and competitive landscapes in the energy sector.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Regulatory Landscape
• Case Studies

Global Proppant Market Size by Type & CAGR (2024-2031)

• Market Overview
• Frac Sand
  • White Sand
  • Brown Sand
• Resin-Coated Proppants
  • Pre-cured Resin Coated
  • Curable Resin Coated
• Ceramic Proppants
  • Low Density
  • Medium Density
  • High Density

Global Proppant Market Size by Application & CAGR (2024-2031)

• Market Overview
• Shale Gas
• Tight Gas
• Coalbed Methane
• Others
  • Oil Sands
  • Conventional Oil & Gas

Global Proppant Market Size by End Use Industry & CAGR (2024-2031)

• Market Overview
• Oil & Gas Exploration
  • Hydraulic Fracturing
  • Enhanced Oil Recovery (EOR)
• Construction
  • Concrete Additives
  • Road Construction
• Others
  • Water Filtration
  • Foundry

Global Proppant Market Size & CAGR (2024-2031)

• North America, (Type, Application, End Use Industry)
  • US
  • Canada
• Europe, (Type, Application, End Use Industry)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Type, Application, End Use Industry)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Type, Application, End Use Industry)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Type, Application, End Use Industry)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Carbo Ceramics Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Covia Holdings Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• U.S. Silica Holdings, Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hi-Crush Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• JSC Borovichi Refractories Plant (Russia)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Badger Mining Corporation (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Smart Sand Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Preferred Sands (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Pioneer Natural Resources Company (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Saint-Gobain Proppants (France)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fairmount Santrol (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Atlas Sand Company, LLC (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Vista Proppants and Logistics, LLC (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Emerge Energy Services LP (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mineracao Curimbaba Ltd (Brazil)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Superior Silica Sands LLC (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fores Ltd. (Canada)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• China Gengsheng Minerals, Inc. (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hexion Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Momentive Specialty Chemicals Inc. (US)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation