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Proppants Market Share

  • Report ID: GMI11676
  • Published Date: Oct 2024
  • Report Format: PDF

Proppants Market Share

The market is competitive, with many leading companies specializing in different types of proppants for the hydraulic fracturing industry. Companies like Badger Mining Corporation, Carbo Ceramics, Inc., and Saint-Gobain Proppants are known for their high-quality ceramic proppants, essential for high-pressure and deep well operations. Covia and Fairmount Santrol Holdings Inc. supply a wide range of proppants, including frac sand, which is popular due to its cost-effectiveness and efficiency in many shale plays. Each company has established a strong presence by offering products that balance performance and cost, suitable for the tough conditions of oil and gas extraction.
 

Emerge Energy Services LP and Hi-Crush Inc. focus on producing and distributing silica sand proppants, which are in high demand in U.S. shale regions. On the chemical side, Hexion, Inc. and Momentive Specialty Chemicals Inc. lead in developing resin-coated proppants, which offer benefits like better flowback control and increased conductivity. These companies drive technological advancements in the market. International players like China GngSheng Minerals, Inc. expand the market's reach and competitive dynamics, contributing to the global supply chain and influencing pricing and technology trends. This competitive environment ensures continuous improvements in product quality and cost efficiency, meeting global energy sector demands.
 

Proppants Market Companies

Major players operating in the proppants industry include:

  • Badger Mining Corporation
  • Carbo Ceramics, Inc.
  • China GngSheng Minerals, Inc.
  • Covia
  • Emerge Energy Services LP
  • Fairmount Santrol Holdings Inc.
  • Hexion, Inc.
  • Hi-Crush Inc.
  • Momentive Specialty Chemicals Inc.
  • Saint-Gobain Proppants
Authors: Kiran Pulidindi , Manish Dhiman

Frequently Asked Questions (FAQ) :

Market size for proppants was valued at approximately USD 8.5 billion in 2023 and is projected to grow at a 7.8% CAGR from 2024 to 2032, driven by the increasing development of unconventional oil and gas resources.

Shale gas application accounted for 39% of the market share in 2023 and is projected to grow through 2032, due to the increasing demand for natural gas as a cleaner alternative to coal and oil.

North America industry was worth USD 3.3 billion in 2023 and is expected to reach USD 6.7 billion by 2032, led by extensive hydraulic fracturing activities and substantial shale formations in the region.

Key players in the market include, Covia, Emerge Energy Services LP, Fairmount Santrol Holdings Inc., Hexion, Inc., Hi-Crush Inc., Momentive Specialty Chemicals Inc., and Saint-Gobain Proppants.

Proppants Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 220
  • Countries covered: 22
  • Pages: 310
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