Proppant Market

“Proppant Market: Exactitude Consultancy Research Report Offers Comprehensive Industry Overview and Future Projections”

LUTON, BEDFORDSHIRE, UNITED KINGDOM, August 28, 2024 /EINPresswire.com/ -- 𝐏𝐫𝐨𝐩𝐩𝐚𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

𝑹𝒆𝒗𝒆𝒏𝒖𝒆 𝒇𝒓𝒐𝒎 𝒕𝒉𝒆 𝒈𝒍𝒐𝒃𝒂𝒍 𝑷𝒓𝒐𝒑𝒑𝒂𝒏𝒕 𝑴𝒂𝒓𝒌𝒆𝒕 𝒔𝒊𝒛𝒆 𝒊𝒔 𝒆𝒔𝒕𝒊𝒎𝒂𝒕𝒆𝒅 𝒕𝒐 𝒓𝒆𝒂𝒄𝒉 𝑼𝑺$ 7.8 𝑩𝒊𝒍𝒍𝒊𝒐𝒏 𝒊𝒏 2023. 𝑻𝒉𝒆 𝒎𝒂𝒓𝒌𝒆𝒕 𝒉𝒂𝒔 𝒃𝒆𝒆𝒏 𝒂𝒏𝒂𝒍𝒚𝒛𝒆𝒅 𝒕𝒐 𝒄𝒍𝒊𝒎𝒃 𝒕𝒐 𝒂 𝒗𝒂𝒍𝒖𝒆 𝒐𝒇 𝑼𝑺$ 17.5 𝑩𝒊𝒍𝒍𝒊𝒐𝒏 𝒃𝒚 𝒕𝒉𝒆 𝒆𝒏𝒅 𝒐𝒇 2030, 𝒆𝒙𝒑𝒂𝒏𝒅𝒊𝒏𝒈 𝒂𝒕 𝒂 𝑪𝑨𝑮𝑹 𝒐𝒇 9.36% 𝒐𝒗𝒆𝒓 𝒕𝒉𝒆 𝒏𝒆𝒙𝒕 𝒅𝒆𝒄𝒂𝒅𝒆.

The analysis of the proppant industry shows a promising future because of the increasing hydraulic fracturing operations. Numerous countries and companies are eager to invest in exploring undeveloped hydrocarbon deposits. Unconventional hydrocarbons provide a reliable energy source to satisfy the increasing need for oil and gas. Hydraulic fracturing is employed for the exploration of shale gas, tight gas, coal-bed methane gas, and other resources. Proppant is utilized to maintain the fractures open, ensuring they remain effective channels for fluid flow in the exploration process. They play a vital role in ensuring that fracture conductivity and connectivity remain at elevated levels. Proppants are available in various shapes and sizes to suit different situations. Lately, there has been a rise in the need for proppant as the demand for natural gas, a cleaner-burning fossil fuel, continues to grow.

𝐆𝐚𝐢𝐧 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @

https://exactitudeconsultancy.com/reports/28601/proppant-market/

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐑𝐢𝐯𝐚𝐥𝐫𝐲:

The Proppant market supports a range of applications, including supply chain analytics, risk analysis, demand forecasting, and vendor management. Solutions in this market encompass various modules such as financial surveys, real-time and batch data analysis, category management, and compliance management. Implementing these modules enhances data optimization, automates data cleansing, and facilitates sourcing category analysis.

𝐕𝐢𝐭𝐚𝐥 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐫𝐞: Carbo Ceramics Inc., JSC Borovichi Refractories Plant, Saint-Gobain Proppant Inc., Hi-Crush Partners LP, Hexion Inc., U.S. Silica Holdings Inc., Mineração Curimbaba Ltda, Yixing Orient Petroleum Proppant Co., Ltd., Fairmount Santrol Holdings Inc., and China Gengsheng Minerals, Inc., and others.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:

𝗜𝗻 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟰, Atlas Energy Solutions Inc., a company specializing in renewable energy solutions, entered into an agreement with Hi Crush Inc. to acquire the latter’s North American logistics operations and proppant production assets

𝗜𝗻 𝗝𝘂𝗻𝗲 𝟮𝟬𝟮𝟮, Nureva has announced the appointment of AV Supply Group as its Australian distributor. Nureva's audio conferencing products were first introduced to the New Zealand market in 2017, and the group's expansion into Australia recognizes the demand from the shift to hybrid working and learning models.

𝐏𝐫𝐨𝐩𝐩𝐚𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬

The use of horizontal drilling and multistage fracturing technologies has revolutionized oil and gas production on a global scale. Exploration and production companies are testing higher amounts of sand per stage in their horizontal wells, with expectations for this trend to increase over time. Since 2023, the average amount of sand used per horizontal well has tripled and is expected to continue rising due to longer laterals and increased loading per lateral foot. Technologies have been created to boost the utilization of natural sand/frac sand over ceramic sand, leading to a surge in the need for proppants for drilling. Utilizing frac sand cuts down the raw material expense by over 50%. As a result, significant shale formations are available for testing and implementing new tools and technologies that are promoting the use of natural sand in hydraulic fracturing.

𝐏𝐫𝐨𝐩𝐩𝐚𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬

Ceramic proppants are a man-made material created through a high-energy manufacturing process involving sintered bauxite, kaolin, and magnesium silicate or combinations of bauxite and kaolin. The manufacturing process is intricate because the proppants need to be consistent in size, shape, sphericity, and roundness in order to achieve increased porosity and permeability of the proppant bed. Ceramic proppants exhibit greater strength and crush resistance compared to frac sand, capable of enduring closure stresses of up to 20,000 psi. Ceramic proppants are more expensive compared to uncoated or resin-coated proppants due to being an engineered product with a more intricate manufacturing process. The cost of ceramic proppants is approximately 50% greater than frac sand.

𝐓𝐨 𝐫𝐞𝐜𝐞𝐢𝐯𝐞 𝐚 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐯𝐢𝐬𝐢𝐭

https://exactitudeconsultancy.com/reports/28601/proppant-market/#request-a-sample

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬 𝐛𝐲 𝐏𝐫𝐨𝐩𝐩𝐚𝐧𝐭

Proppant Market By Type, 2020-2029, (USD Billion, Kilotons)

Frac Sand

Resin-Coated Proppants

Ceramic Proppants

Proppant Market By Application, 2020-2029, (USD Billion, Kilotons)

Shale Gas

Tight Gas

Coalbed Methane

Others

Proppant Market By Ceramic Proppant, 2020-2029, (USD Billion, Kilotons)

High Strength Ceramic Proppants

Intermediate Strength Ceramic Proppants

Light Weight Ceramic Proppants

Others

𝗙𝗿𝗮𝗰 𝗦𝗮𝗻𝗱 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗼𝘀𝘁 𝗿𝗮𝗽𝗶𝗱𝗹𝘆 𝗲𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗽𝗿𝗼𝗽𝗽𝗮𝗻𝘁 𝘁𝘆𝗽𝗲 𝘄𝗶𝘁𝗵𝗶𝗻 𝗶𝘁𝘀 𝘀𝗲𝗴𝗺𝗲𝗻𝘁.

In 2023, the frac sand category dominated the market with a market share exceeding 50% and is expected to maintain its lead in the forecast period. Their crush-resistant quality allows the petroleum industry to use them for fracking. Ceramic proppants have a higher crush strength than sand, making them more suitable for wells with lower closure stresses where sand is not effective. This causes ceramic to be one of the market categories that is growing quickly.

In the process of hydraulic fracturing, resin-coated proppants are used to enhance the conductivity of fractures, prevent formation particles from moving towards the wellbore, stop proppant flow back, minimize loss of fracture permeability due to crushing or embedment, and maintain long-term fracture permeability. Throughout the forecasted time frame, it is expected that the industry will greatly gain from these factors.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐑𝐞𝐢𝐠𝐧𝐬 𝐚𝐬 𝐭𝐡𝐞 𝐅𝐫𝐨𝐧𝐭𝐫𝐮𝐧𝐧𝐞𝐫

North America is a significant proppant consumer and is anticipated to see ongoing growth in the coming years. The increase is credited to higher use of hydraulic fracturing for extracting unconventional gases. Consistent hydraulic fracturing in Russia is fueling the growth of the proppant market in Europe. The Asia Pacific region is seeing a significant increase in exploration and production activities in order to keep up with the rising need for hydrocarbons. China and India are the top users of fossil fuels globally. The government and private companies are continuously funding E&P projects to keep up with the increasing need for fossil fuels, which could support the industry. Currently, the Middle East possesses 50% of the world's traditional oil reserves and 40% of its gas. There is substantial potential due to the rise in investment in extracting undiscovered hydrocarbons.

Europe is projected to experience the highest CAGR growth in the forecast period due to the rise in natural gas production and petroleum product development. Moreover, anticipated growth in the market in the region is attributed to favorable government policies and a positive stance on natural resources.

𝑻𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒓𝒆𝒂𝒅𝒊𝒏𝒈 𝒕𝒉𝒆 𝒓𝒆𝒑𝒐𝒓𝒕. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

𝐖𝐞 𝐨𝐟𝐟𝐞𝐫 𝐫𝐞𝐩𝐨𝐫𝐭 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐛𝐚𝐬𝐞𝐝 𝐨𝐧 𝐨𝐮𝐫 𝐜𝐥𝐢𝐞𝐧𝐭𝐬’ 𝐬𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬:

– Country-level analysis for 5+ countries of your choice.

– Competitive analysis of 5+ key market players.

– 40+ free analyst hours to cover any additional data points.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝗣𝗼𝗹𝘆𝗺𝗲𝗿 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗶𝗻𝗴 𝗔𝗶𝗱 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/28026/polymer-processing-aid-market/

[The polymer processing aid market is expected to grow at 4 % CAGR from 2024 to 2030. It is expected to reach above USD 2.66 billion by 2030 from USD 1.64 billion in 2023.]

𝗔𝗻𝘁𝗶𝘀𝘁𝗮𝘁𝗶𝗰 𝗖𝗼𝗮𝘁𝗶𝗻𝗴𝘀 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/12609/antistatic-coatings-market/

[The global antistatic coatings market is projected to reach USD 755.63 million by 2030 from USD 475.96 million in 2023, at a CAGR of 5.3% during the forecast period 2024-2030.]

𝗠𝗶𝗰𝗿𝗼-𝗣𝗲𝗿𝗳𝗼𝗿𝗮𝘁𝗲𝗱 𝗙𝗶𝗹𝗺𝘀 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/9949/micro-perforated-films-market/

[The global micro-perforated films market is expected to grow at 4.10% CAGR from 2024-2030. It is expected to reach above 1.91 USD billion by 2030 from 1.35 USD billion in 2023.]

𝗙𝗥𝗣 𝗧𝗮𝗻𝗸 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/26242/frp-tank-market/

[The FRP tank market is expected to grow at 4.6% CAGR from 2024-2030. It is expected to reach above USD 3.30 Billion by 2030 from USD 2.2 Billion in 2023.]

𝗖𝗲𝗿𝗮𝗺𝗶𝗰 𝗕𝗮𝗹𝗹𝘀 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/7544/ceramic-balls-market/

[The global ceramic balls market is expected to grow at 9.2% CAGR from 2024 to 2030. It is expected to reach above USD 1.28 billion by 2030 from USD 0.58 billion in 2023.]

𝗠𝗲𝗱𝗶𝗰𝗮𝗹 𝗘𝗹𝗮𝘀𝘁𝗼𝗺𝗲𝗿 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/17590/medical-elastomer-market/

[The Global Medical Elastomer Market Is Designed to Grow At 8 % CAGR From 2024 to 2030. It Is Expected to Reach Above USD 97.8 Billion By 2030 From USD 58.9 Billion In 2023.]

𝗣𝗲𝘁𝗿𝗼𝗹𝗲𝘂𝗺 𝗥𝗲𝘀𝗶𝗻 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/25753/petroleum-resin-market/

[The global petroleum resin market size is expected to grow at more than 7.03% CAGR from 2024-2030. It is expected to reach above USD 5.07 billion by 2030 from a little above USD 2.75 billion in 2023.]

𝗙𝗹𝘂𝗼𝗿𝗼𝗽𝗼𝗹𝘆𝗺𝗲𝗿 𝗖𝗼𝗮𝘁𝗶𝗻𝗴 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/26698/fluoropolymer-coating-market/

[The fluoropolymer coating market is expected to grow at 5.8% CAGR from 2024 to 2030. It is expected to reach above USD 11.20 billion by 2030 from USD 6.74 billion in 2023.]

𝗛𝘆𝗯𝗿𝗶𝗱 𝗔𝗱𝗵𝗲𝘀𝗶𝘃𝗲𝘀 _ 𝗛𝘆𝗯𝗿𝗶𝗱 𝗦𝗲𝗮𝗹𝗮𝗻𝘁𝘀 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/25069/hybrid-adhesives-hybrid-sealants-market/

[The hybrid adhesives & hybrid sealants market is expected to grow at 8.14 % CAGR from 2024 to 2030. It is expected to reach above USD 13.67 Billion by 2030 from USD 6.76 Billion in 2023.]

𝗣𝗵𝗼𝘀𝗽𝗵𝗶𝗻𝗲 𝗙𝘂𝗺𝗶𝗴𝗮𝘁𝗶𝗼𝗻 𝗠𝗮𝗿𝗸𝗲𝘁

https://exactitudeconsultancy.com/reports/22836/phosphine-fumigation-market/

[The phosphine fumigation market is expected to grow at 5.4% CAGR from 2024 to 2030. It is expected to reach above USD 984.09 Million by 2030 from USD 613.01 Million in 2023.]

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬

Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞:

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