North America Proppant Market Report and Forecast 2024-2032

North America Proppant Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the North America proppant market is expected to grow at a CAGR of 11.20% between 2024 and 2032. Aided by the rising demand for efficient oil and gas extraction methods and the extensive applications of proppant in various industries, the market is expected to grow significantly by 2032.

Proppants are solid materials that are used to keep hydraulic fractures open during hydraulic fracturing, a process employed for the extraction of natural gas and oil. They are vital for the optimal extraction of hydrocarbons by maintaining the hydraulic conductivity. Proppants come in various types, including sand proppants, resin-coated proppants, and ceramic proppants, and their usage depends on the specific requirements of the extraction operation.

The increasing demand for efficient fossil fuel extraction methods is a major driver of the North America proppant market growth. The rapid development and growing adoption of hydraulic fracturing have led to a surge in the requirement for proppants. The ever-increasing energy consumption and the continued dependence on fossil fuels for energy production have only amplified the demand for these crucial extraction aids.

The diversifying applications of proppants in various industries are also significantly contributing to the North America proppant market expansion. Apart from their primary use in oil and gas extraction, proppants are also used in the construction sector due to their excellent mechanical strength and stability. Moreover, they are increasingly being used in water filtration processes, where they are employed as a filtration medium due to their particle size and shape uniformity.

Furthermore, the continuous advancements in proppant technology are boosting the North America proppant market demand. Innovations, such as the development of lightweight proppants and introduction of resin-coated and ceramic variants, have enhanced the effectiveness of hydraulic fracturing, thus driving their demand. Additionally, the ongoing research aimed at reducing the environmental impact of proppant production and usage is expected to further propel the market.

Lastly, the escalating exploration and production activities in unconventional hydrocarbon resources have spurred the demand for proppants, thus aiding the North America proppant market growth. With the discovery of new shale gas reserves and the focus on tapping into these resources, the use of hydraulic fracturing and, consequently, proppants, is set to increase.

Market Segmentation

The market can be divided based on type, application, and country.

Market Breakup by Type

• Frac Sand
• Resin-Coated
• Ceramic

Market Breakup by Application

• Shale Gas
• Tight Gas
• Oil Extraction
• Others

Market Breakup by Country

• United States of America
• Canada

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the North America proppant market. Some of the major players explored in the report by Expert Market Research are as follows:

• Compagnie de Saint-Gobain S.A.
• Badger Mining Corporation
• Covia Holdings LLC
• Imerys S.A.
• Eagle Materials Inc.
• Preferred Sands
• U.S. Silica Holdings, Inc
• CARBO Ceramics Inc.
• US Ceramics, LLC
• Hexion Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.