According to the latest report by IMARC Group, titled “Frac Sand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global frac sand market size reached US$ 7.6 Billion in 2023. Frac sand is a naturally occurring crystalline substance that is processed from highly pure quartz or silicon dioxide (SiO2). It is commercially produced from sandstone deposits through the mining process, followed by washing, screening, and removing impurities. It is widely used as a proppant in hydraulic fracturing operations to extract natural gas and oil from underground shale rock formations. As compared to other proppants, such as ceramic, aluminum beads, and sintered bauxite, frac sand is uniform, abundantly available, highly compatible, and offers better performance. It is also a cost-effective, durable, and eco-friendly product that can withstand extreme conditions.
Frac Sand Market Trends:
The significant growth in the oil and gas industry across the globe is one of the primary factors creating a positive outlook for the market. Frac sand is widely used in fracking operations as a proppant which is injected at high pressure along with water and chemicals to create cracks in the deep shale rocks to provide easy access to oil and gas reserves. In addition to this, the recent discovery of new oil and gas reserves and shale deposits is acting as another growth-inducing factor. Furthermore, the growing demand for various petroleum-based products, such as gasoline, diesel, kerosene, aviation turbine fuel (ATF), paraffin, polyurethane, and other chemicals, is providing an impetus to the market growth. Additionally, the recent development of advanced coating for frac sand, which reduces dust, enhances proppant properties, minimizes water consumption, lowers pump maintenance issues, and increases oil and gas recovery, is positively influencing the market growth. Apart from this, the introduction of fine mesh frac sand that remains suspended in slickwater mixtures for a longer duration and enhances the flow of fluids while it is being released from the shale is favoring the market growth. Other factors, including rising energy consumption, the increasing government initiatives to promote oil and gas exploration, rapid technological advancements in hydraulic fracturing techniques, and rising awareness regarding various product benefits over other proppants, are anticipated to drive the market growth. On account of the aforementioned factors, the market value is expected to reach US$ 14.7 Billion by 2032, exhibiting a CAGR of 7.4% during 2024-2032.
- On the basis of type, the market has been divided into white sand, brown sand, and others.
- Based on the application, the market has been classified into oil exploitation, natural gas exploration, and others.
- On a regional basis, the market has been categorized into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
- The competitive landscape of the industry has also been examined, 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.
|Base Year of the Analysis
||Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||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
||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
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800