Proppants Market expected to reach US$14.317 billion by 2030

proppants market

Proppants Market Trends & Forecast

The global Proppants market size is estimated to reach US$14.317 billion by 2030, registering a CAGR of 9.97% from 2025 to 2030, according to a new report by Knowledge Sourcing Intelligence. The increasing production of crude oil and natural gas is among the key factors propelling the growth of the global proppant market, as the proppants are utilized to hold open fractures after generating conduits for oil and gas.  The growing advancement in hydraulic fracturing technology is also among the key factors propelling the growth of the global proppants market during the estimated timeline.

The global hydraulic fracturing technology and proppant materials sector witnessed the introduction and development of the latest technology, like resin-coated and ceramic proppants, which helps enhance the efficiency and durability of the fracturing process. Growth of the fracturing technology is also among the key factors propelling the growth of the market. The introduction of key technologies, which include technologies like horizontal multistage fracturing, also enhances the efficiency of hydraulic fracturing operations.

The proppants offer their application across multiple sectors, like hydraulic fracturing, shale gas extraction, tight gas & oil extraction, and enhanced oil recovery among others.  The proppants are also utilized in gravel packing, as the proppants control sand production, and maintain well productivity. The introduction of key governmental policies and investment in the oil and gas sector is also among the major factors pushing the growth of the market during the estimated timeline. Various countries across the globe, like India, the USA, and China, have introduced key investments and introduction of policies to boost oil and gas production and exploration, pushing the proppant market.

➥ View a sample of the report or purchase the complete study at: Proppants Market Report

Proppants Market Report Highlights

  • The frac sand proppants category of the type segment is estimated to attain greater market share by 2030, as the frac sand proppants offer cost-effective solutions across multiple industries.
  • The rising global demand for oil and gas, majorly in emerging economies, is among the major factors propelling the growth of the market. The demand for oil and gas witnessed major growth over the forecasted timeline, majorly with the increasing demand for energy across the globe.
  • Asia Pacific held the largest market share in 2023, driven by increasing production of crude oil and natural gas, in countries like China and India. The expansion of shale gas exploration in the region, especially in countries like India, China, Myanmar, and Vietnam, is among the key factors pushing the growth of the proppants market in the Asia Pacific region during the forecasted timeline.
  • North America is anticipated to see steady growth, fueled by advancement in the fracturing technology in the region. The major factor propelling the growth of the market in the North American region is the increasing fracturing activities, especially in the countries like USA and Mexico. Similarly, the growing demand for energy in the region is also estimated to boost the growth of the market in the North American region.

Proppants Market Segmentation

Knowledge Sourcing Intelligence has segmented the global Proppants Market based on product type, application, and region:

Proppants Market, By Product Type

  • Ceramic
  • Resin-Coated
  • Frac Sand

Proppants Market, By Application

  • Shale Gas
  • Tight Gas
  • Others

Proppants Market, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America
    • Brazil
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
    • UAE

Proppants Market Key Players

  • Badger Mining Corporation
  • Carbo Ceramics
  • ChangQing Proppant
  • Covia
  • Halliburton
  • Hexion
  • Nika PetroTech
  • Saint-Gobain NorPro
  • U.S. Silica
  • Pattison Company
  • Orient Ceratech Ltd.

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