Dublin, April 29, 2025 (GLOBE NEWSWIRE) -- The "Proppants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025-2030)" has been added to ResearchAndMarkets.com's offering.
The global proppants market is forecasted to grow at a CAGR of less than 5% during the forecast period, amidst dynamic changes in the oil and gas industry. Proppants, such as frac sand, resin-coated, and ceramic proppants, primarily serve the oil and gas wells sector. A dip in demand due to oversupply issues and COVID-19 impacts led OPEC+ to reduce output, affecting proppant demand.
Key Highlights
- Advancements in fracking technology and a boost in shale gas production are expected to elevate market demand. The Energy Information Administration (EIA) projects a doubling of shale natural gas and oil production by 2040.
- Despite potential growth, environmental concerns and rigorous regulations pose challenges to market expansion.
- North America leads in global proppant consumption, with the United States at the forefront.
- The market shift towards ceramic proppants presents new opportunities.
Frac Sand Segment Dominance
- Frac sand is the most popular proppant for hydraulic fracturing. Its purity, roundness, and cost-effectiveness drive its widespread use-approximately 83% of total proppant usage.
- Canada's shale gas production trajectory indicates a climb to 30% of the country's overall natural gas production by 2040.
- Global oil production witnessed a significant increment, with three-quarters tied to OPEC+ contributions.
- ADNOC's substantial investments highlight the region's commitment to drilling expansion and crude capacity enhancement.
- Shell Australia and SGH Energy proceed with the Crux natural gas project, set to augment the Prelude FLNG supply by 2027.
- China's shale evolution aims for over 40% of its natural gas output by 2040, rivalling the United States in production.
- The demand for frac sand is projected to escalate as hydraulic fracturing activities multiply.
North America Market Leadership
- The United States spearheads in unconventional crude oil exploration, significantly leveraging hydraulic fracturing.
- Hydraulically fractured wells dominate new drilling endeavors, contributing majorly to the nation's natural gas and crude oil output.
- US crude oil production aims for record highs, with substantial contributions from shale activities.
- Pipeline infrastructures expand, with numerous projects underway to boost capacity and connectivity.
- Mexico's substantial role adds to North America's vibrant oil production landscape, supported by increasing contributions from private entities.
- Exxon's significant investment in Guyana marks the company's extended reach into Latin America, fostering growth prospects.
- Yet, environmental objections and evolving US political policies could moderately restrain market growth.
Key Topics Covered
1 INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
- 4.1 Drivers
- 4.2 Restraints
- 4.3 Industry Value Chain Analysis
- 4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION (Market Size in Volume)
- 5.1 Product Type
- 5.2 Geography
6 COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) / Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
- 6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Shifting Focus toward the Usage of Ceramic Proppants
A selection of companies mentioned in this report includes, but is not limited to:
- Badger Mining Corporation
- CARBO Ceramics Inc.
- China Ceramic Proppant (Guizhou) Ltd.
- ChangQing Proppant
- CoorsTek Inc.
- Covia Holdings LLC
- Eagle Materials Inc.
- Emerge Energy Services (Superior Silica Sands)
- Epic Ceramic Proppants Inc.
- Fores Ltd.
- General Electric (Baker Hughes Company)
- Gongyi Yuanyang Ceramsite Co., Ltd.
- Halliburton
- Henan Tianxiang New Materials Co., Ltd.
- Hexion
- Nika Petrotech
- Preferred Sands LLC
- Saint-Gobain
- Unimin Energy Solutions (Sibelco)
- U.S. Silica
- Wanli Proppant
For more information about this report visit https://www.researchandmarkets.com/r/r7eve8
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