Proppants market projected to reach USD 20.10 billion by 2032, driven by global shale gas exploration
From GlobeNewswire: 2025-04-05 10:00:00
The Proppants Market is projected to reach USD 20.10 billion by 2032, growing at a CAGR of 8.89% from 2024 to 2032. Proppants play a key role in hydraulic fracturing by keeping fractures open, allowing hydrocarbons to move. Increasing shale gas exploration and investments in energy infrastructure are driving global proppants consumption. Advanced technologies like resin coated and ceramic proppants are enhancing efficiency and production in the market.
In the United States, the surge in shale gas and tight oil production is fueling demand for proppants. Key regions like the Permian Basin, Eagle Ford, and Bakken formations are driving consumption, supported by government policies and advanced proppant technologies. The market is witnessing a shift towards ultra-lightweight proppants and optimized fracture conductivity techniques to maximize hydrocarbon recovery.
North America leads the Proppants Market growth with a 48% market share in 2023, driven by shale gas and tight oil production. Frac sand, resin-coated proppants, and ceramic proppants are in high demand for hydraulic fracturing and horizontal drilling in major shale formations. Positive government policies, technology advances, and energy security programs are driving ongoing exploration and production activities in the region.
In 2023, frac sand dominated the market with a 58% share due to its cost-effectiveness and compatibility with hydraulic fracturing processes. Ceramic proppants are gaining traction for their superior strength and conductivity, while resin-coated proppants offer enhanced flowback control. The shale gas segment accounted for the highest share in 2023, driven by major basins like the Permian and Marcellus.
Recent developments in the Proppants Market include U.S. Silica Holdings expanding frac sand production capacity, Hi-Crush Inc. introducing advanced resin-coated proppant technology, and Covia Corporation collaborating with oilfield service providers to enhance ceramic proppant supply chain. The market report provides insights into market size, segmentation, competitive landscape, and key drivers for growth. The Proppants Market research report for 2024-2032 is now available for purchase, offering in-depth insights and analysis. The report covers regional analysis, company profiles, use cases, best practices, and a conclusion. For more information or customization options, contact [email protected]. SNS Insider is a leading global market research and consulting agency, providing clients with accurate data and insights to make informed decisions.
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