Global Proppants Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Frac Sand, Resin Coated, and Ceramics.

By Application;

Shale Gas, Tight Gas, Coal Bed Methane, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn871182555 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Proppants Market (USD Million), 2021 - 2031

In the year 2024, the Global Proppants Market was valued at USD 10,397.37 million. The size of this market is expected to increase to USD 17,589.55 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.8%.

The global proppants market is a vital part of the oil and gas industry, significantly enhancing the efficiency and productivity of hydraulic fracturing (fracking) operations. Proppants, including sand, resin-coated sand, and ceramic materials, are used to keep fractures in shale rock formations open, facilitating the free flow of oil and natural gas from wells. As global energy demand continues to grow, the importance of proppants in improving hydrocarbon extraction has become increasingly critical, driving the market's expansion.

The market is categorized by the types of proppants used, each offering unique benefits. Sand proppants are the most widely used due to their cost-effectiveness and widespread availability. Resin-coated sand proppants provide better strength and crush resistance, making them suitable for deeper wells. Ceramic proppants, though more expensive, offer superior performance in terms of strength and conductivity, making them ideal for high-pressure, high-temperature wells. These variations ensure optimal performance in diverse fracking environments, catering to different operational needs.

The proppants market is shaped by the extent of oil and gas exploration activities, technological advancements, and regional energy demands. North America, particularly the United States, leads the market due to extensive shale gas exploration and fracking activities. Other regions, such as Asia-Pacific and the Middle East, are also experiencing growth due to rising investments in unconventional oil and gas resources. As the industry continues to innovate and adapt to new extraction technologies and environmental regulations, the global proppants market is set for sustained growth, playing a crucial role in meeting the world’s energy needs.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Region
  4. Global Proppants Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers:
        1. Increasing Hydraulic Fracturing Activities
        2. Technological Advancements in Proppant Materials
        3. Expansion of Oil and Gas Exploration
      2. Restraints:
        1. Environmental Concerns and Regulations
        2. Volatility in Oil Prices
        3. Supply Chain Disruptions
      3. Opportunities:
        1. Emerging Markets in Asia-Pacific and Latin America
        2. Advancements in Proppant Technology and Research
        3. Strategic Partnerships and Collaborations
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Proppants Market, By Type, 2021 - 2031 (USD Million)
      1. Frac Sand
      2. Resin Coated
      3. Ceramics
    2. Global Proppants Market, By Application, 2021 - 2031 (USD Million)
      1. Shale Gas
      2. Tight Gas
      3. Coal Bed Methane
      4. Others
    3. Global Proppants Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Saint-Gobain
      2. Hexion
      3. CARBO Ceramics Inc.
      4. Imerys
      5. U.S. Silica
  7. Analyst Views
  8. Future Outlook of the Market