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The global frac sand market reached a value of US$ 6.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.67 Billion by 2027, exhibiting at a CAGR of 6.53% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Frac sand is a naturally occurring type of crystalline silica that is processed from pure sandstone. It is used as a proppant in the process of hydraulic fracturing, also known as fracking, employed widely by oil and gas companies to extract natural gas, petroleum and related materials by drilling rock or land, known as shale, with a pressurized mixture. This pressurized mixture consists of water, frac sand and various chemicals, which are injected into the rock formations to break open the fractures for the release of fluids such as oil, water and gas. Since the particles of frac sand are uniform with distinct round shape and small grain size, natural fluids can pass between them. It holds an edge over other types of sand since they are usually a mixture of various minerals and rock types, which are less durable than quartz.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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A thriving oil and gas industry is the key factor driving the global market growth. With the number of oil and gas exploration activities on the rise across the globe, the demand for frac sand is also experiencing strong growth. In order to meet the rapidly increasing demand for petroleum and oil and gas worldwide, the technique of hydraulic fracturing is widely being employed by the oil and gas industry. This consequently is increasing the demand for frac sand as well since it is integral to the operation with approximately thousand tons of frac sand being required per hydraulic fracturing process. Additionally, the introduction of fine-mesh frac sand, which enhances the flow of natural fluid while they are released from the shale, is also catalyzing the market growth. Other factors such as its cost-effectiveness when compared with resin-coated and ceramic proppants, are also contributing significantly to its demand.
IMARC Group provides an analysis of the key trends in each sub-segment of the global frac sand market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type and application.
Breakup by Type:
Breakup by Application:
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Breakup by Region:
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Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being CARBO Ceramics, Emerge Energy Services, Covia Holdings, Hi Crush, Source Energy Services, U.S Silica, Preferred Sands, Badger Mining Corporation, Mammoth Energy Service, Inc, Smart Sand Inc., Chongqing Changjiang, etc.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Type, Application,Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered | CARBO Ceramics, Emerge Energy Services, Covia Holdings, Hi Crush, Source Energy Services, U.S Silica, Preferred Sands, Badger Mining Corporation, Mammoth Energy Service, Inc, Smart Sand Inc. and Chongqing Changjiang |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global frac sand market size was valued at US$ 6.32 Billion in 2021.
According to the estimates by IMARC Group, the global frac sand market is expected to exhibit a CAGR of 6.53% during 2022-2027.
The expanding oil and gas industry that utilizes frac sand in hydraulic fracturing applications represents one of the key drivers for the global frac sand market.
The introduction of fine mesh frac sand, which enhances the flow of natural fluid while they are released from the shale, represents one of the key trends in the global frac sand market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous oil and gas exploration activities, thereby limiting the demand for frac sand.
On the basis of the type, the market has been bifurcated into white sand, brown sand, and others. Currently, brown sand accounts for the majority of the market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global frac sand market are CARBO Ceramics, Emerge Energy Services, Covia Holdings, Hi Crush, Source Energy Services, U.S Silica, Preferred Sands, Badger Mining Corporation, Mammoth Energy Service, Inc, Smart Sand Inc., Chongqing Changjiang, etc.
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