Global Proppants Market 2024-2028

Global Proppants Market 2024-2028

The proppants market is forecasted to grow by USD 5.30 bn during 2023-2028, accelerating at a CAGR of 8.42% during the forecast period. The report on the proppants market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for fine mesh raw frac sand, abundance of unconventional oil and gas resources, and rising investments in shale oil and gas.

Technavio's proppants market is segmented as below:

By Product Type

• Frac sand
• Ceramic proppants
• Resin coated proppants

By Application

• Shale gas
• Coal bed methane
• Tight gas
• Others

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• Middle East and Africa

This study identifies the technological developments in hydraulic fracturing process as one of the prime reasons driving the proppants market growth during the next few years. Also, growing petroleum refining and rise in adoption of green fracking methods will lead to sizable demand in the market.

The report on the proppants market covers the following areas:

• Proppants market sizing
• Proppants market forecast
• Proppants market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading proppants market vendors that include Atlas Energy Solutions, Inc., Badger Mining Corp., Baker Hughes Co., CARBO Ceramics Inc., ChangQing Proppant Corp., Compagnie de Saint Gobain, Covia Holdings LLC, Curimbaba Group, Hexion Inc., Hi Crush Inc., JSC Borovichi Refractories Plant, Minerals Technologies Inc., nikapetrotech.com, Preferred Proppants LLC, Schlumberger Ltd., SUN Specialty Products, US Silica Holdings Inc., WaterTectonics Inc., Xinmi Wanli Industry Development Co. Ltd., and Rockleigh Industries Inc.. Also, the proppants market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.