North America Proppants Market Summary, Competitive Analysis and Forecast to 2027
Summary
Proppants in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Proppants are solid materials, mostly sand, treated sand, or man-made ceramic materials used in hydraulic fracturing, a method used to extract oil and gas from deep underground sedimentary rock formations. Proppants prevent the opened fractures from closing on the release of pressure. These proppants are used to keep the artificially created hydraulic fractures open after the injection process to continue and enhance the extraction of oil and gas.
- The North American proppants market had total revenues of $11.3 billion in 2022, representing a compound annual growth rate (CAGR) of 1.7% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 0.9% between 2017 and 2022, to reach a total of 72,539.1 Kilotons in 2022.
- The growth of the North American proppants market is attributed to the presence of enormous extraction projects for shale gas in countries such as the US and Canada. According to the US Energy Information Administration (EIA), in 2021, shale gas production in the US reached 28 billion cubic feet as compared to 26.1 billion cubic feet in 2020.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the proppants market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the proppants market in North America
- Leading company profiles reveal details of key proppants market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America proppants market with five year forecasts
- What was the size of the North America proppants market by value in 2022?
- What will be the size of the North America proppants market in 2027?
- What factors are affecting the strength of competition in the North America proppants market?
- How has the market performed over the last five years?
- What are the main segments that make up North America's proppants market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What strategies do leading players follow?
- 7.3. What are the strengths of the leading players?
- 8 Company Profiles
- 8.1. Baker Hughes Company
- 8.2. U.S. Silica Holdings Inc
- 8.3. Mammoth Energy Services Inc
- 8.4. Hexion Inc.
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: North America proppants market value: $ million, 2017–22
- Table 2: North America proppants market volume: Kilotons, 2017–22
- Table 3: North America proppants market category segmentation: % share, by value, 2017–2022
- Table 4: North America proppants market category segmentation: $ million, 2017-2022
- Table 5: North America proppants market geography segmentation: $ million, 2022
- Table 6: North America proppants market value forecast: $ million, 2022–27
- Table 7: North America proppants market volume forecast: Kilotons, 2022–27
- Table 8: Baker Hughes Company: key facts
- Table 9: Baker Hughes Company: annual financial ratios
- Table 10: Baker Hughes Company: key employees
- Table 11: U.S. Silica Holdings Inc: key facts
- Table 12: U.S. Silica Holdings Inc: annual financial ratios
- Table 13: U.S. Silica Holdings Inc: key employees
- Table 14: Mammoth Energy Services Inc: key facts
- Table 15: Mammoth Energy Services Inc: annual financial ratios
- Table 16: Mammoth Energy Services Inc: key employees
- Table 17: Hexion Inc.: key facts
- Table 18: Hexion Inc.: key employees
- Table 19: North America exchange rate, 2018–22
- List of Figures
- Figure 1: North America proppants market value: $ million, 2017–22
- Figure 2: North America proppants market volume: Kilotons, 2017–22
- Figure 3: North America proppants market category segmentation: $ million, 2017-2022
- Figure 4: North America proppants market geography segmentation: % share, by value, 2022
- Figure 5: North America proppants market value forecast: $ million, 2022–27
- Figure 6: North America proppants market volume forecast: Kilotons, 2022–27
- Figure 7: Forces driving competition in the proppants market in North America, 2022
- Figure 8: Drivers of buyer power in the proppants market in North America, 2022
- Figure 9: Drivers of supplier power in the proppants market in North America, 2022
- Figure 10: Factors influencing the likelihood of new entrants in the proppants market in North America, 2022
- Figure 11: Factors influencing the threat of substitutes in the proppants market in North America, 2022
- Figure 12: Drivers of degree of rivalry in the proppants market in North America, 2022
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