North America Proppants Market Size (2024 - 2029)

The North America Proppants Market is poised for growth, driven by advancements in fracking technology, increased use of frac sand, and rising shale gas production activities. Despite challenges posed by environmental concerns and legislation, the market's expansion is supported by a shift towards ceramic proppants, which presents promising opportunities. The United States stands out as the largest market, expected to experience significant growth during the forecast period.

Market Size of North America Proppants Industry

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North America Proppants Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.00 %
Market Concentration Low

Major Players

North America Proppants Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Proppants Market Analysis

The North America Proppants Market is estimated to register a CAGR of over 7% during the forecast period.

During the COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, production halts, and labor unavailability negatively impacted the market. However, the conditions started recovering in 2021, which will likely restore the market's growth trajectory during the forecast period.

  • Over the short term, improvements in fracking technology, increasing usage of frac sand (quantity per well), and increasing shale gas production activities are the major driving factors augmenting the growth of the market studied.
  • On the flip side, environmental concerns and legislation are anticipated to restrain the growth of the target industry over the forecast period.
  • Nevertheless, shifting focus toward the usage of ceramic proppants is likely to create lucrative growth opportunities for the market soon.
  • The United States is the largest market for proppants. It is expected to witness the highest CAGR during the forecast period.

North America Proppants Industry Segmentation

Proppant is a gritty material with uniformly sized particles which can be mixed with fracturing fluid during the hydraulic fracturing (fracking) process in order to hold open fractures made in the ground. There are different types of proppants including naturally occurring sand and man-made proppants. Man-made proppants include materials such as resin-coated sand or strong ceramic materials.

The North American proppants market is segmented by Type (Frac Sand, Resin Coated, and Ceramic) and Geography (United States, Canada, and Mexico). The report also covers the market size and forecasts for the proppants market in three countries across major regions. For each segment, the market sizing and forecasts have been done in terms of volume in million tons.

Type
Frac Sand
Resin Coated
Ceramic
Geography
United States
Canada
Mexico
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North America Proppants Market Size Summary

The North America proppants market is poised for significant growth, driven by advancements in fracking technology and increased shale gas production activities. The market experienced setbacks during the COVID-19 pandemic due to disruptions in manufacturing and supply chains, but recovery began in 2021. The United States stands as the largest market, with a strong focus on hydraulic fracturing applications, particularly for shale gas and tight oil. Frac sand proppants, known for their efficiency and cost-effectiveness, dominate the market, accounting for the majority of proppant usage. The demand for these proppants is bolstered by favorable shale basins and the maturation of oilfields in onshore North America and the Gulf of Mexico, which are expected to further drive market expansion.

Despite environmental concerns and regulatory challenges, the market is expected to benefit from a shift towards ceramic proppants, offering new growth opportunities. The fragmented market features key players such as Covia Holdings Corporation, Carbo Ceramics Inc., Imerys, U.S. Silica, and Saint-Gobain, who are actively engaging in strategic partnerships and expansions to enhance their market presence. The increasing production from mature fields and the rising energy demand are anticipated to further elevate the demand for proppants, particularly resin-coated and ceramic sands, which are suited for deeper and more thermally resistant applications. Overall, the North American proppants market is set to experience steady growth, supported by technological advancements and strategic industry collaborations.

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North America Proppants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Improvements in Fracking Technology

      2. 1.1.2 Increasing Usage of Frac Sand (Quantity per Well)

      3. 1.1.3 Increasing Shale Gas Production Activities

    2. 1.2 Restraints

      1. 1.2.1 Environmental Concerns and Legislation

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Supply Chain Overview

    6. 1.6 Technological Snapshot

    7. 1.7 Price Analysis

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Type

      1. 2.1.1 Frac Sand

      2. 2.1.2 Resin Coated

      3. 2.1.3 Ceramic

    2. 2.2 Geography

      1. 2.2.1 United States

      2. 2.2.2 Canada

      3. 2.2.3 Mexico

North America Proppants Market Size FAQs

The North America Proppants Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Covia Holdings Corporation, Carbo Ceramics Inc., Imerys, U.S. Silica and Saint-Gobain are the major companies operating in the North America Proppants Market.

North America Proppants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)