Global Frac Sand Market to Grow at a CAGR of 7.5% During 2024-2032, Driven by the Growing Hydraulic Fracturing Activities in the Oil and Gas Sector

Frac sand is a specialised type of sand that has small and uniform particles and is injected into rock formation along with water. The frac sand market demand is influenced by its application in oil and natural gas exploration. The sand finds application in the process namely hydraulic fracturing or fracking to open the rock. Within the United States, frac sand has a robust market and is rapidly growing. There are over 40 operators in the country that are involved in the process of mining, processing, transporting as well as distribution of frac sand with mining majorly spread across states in the Great Lakes Region, including Illinois, Minnesota, Michigan, and Wisconsin.

The growing projects in the oil and gas sector for extracting commercial quantities of oil and natural gas contributes to the rising demand for advanced drilling methods such as hydraulic fracturing. Consequently, this aids the demand for frac sand that is employed in this process. Some of the notable players in the oil and gas sector include BP plc (NYSE: BP) and Saudi Arabian Oil Company (Saudi Aramco). Saudi Arabian Oil Company (Saudi Aramco)’s (TADAWUL: ARAMCO) unconventional gas field Jafurah in Saudi Arabia is expected to produce around 630,000 barrels of Natural Gas Liquids (NGL) per day by 2030. The company aims to increase production of NGL that can help in the manufacturing of low carbon fuels.

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Market Analysis by Type, Application, and Region:

• The market on the basis of type can be divided into white sand, brown sand, and others.

• Based on application, the market can be divided into oil exploration and natural gas exploration, among others.

• The regional markets for frac sand include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing investment in large scale projects to unlock gas reserves within shale rock formations to extract natural gas liquid drives the demand for frac sand.

• With the expanding focus on achieving net-zero and energy transition to lower carbon fuels from crude oil, the demand for natural gas liquids is surging to support the production of blue ammonia and blue hydrogen.

• The demand for frac sand is expected to exhibit robust growth due to its importance as a proppant during hydraulic fracturing.

• Frac sand’s demand is also stimulated by other application areas such as glass manufacturing, foundry moulds, and golf course traps.

Key Offerings of the Report:

• The EMR report gives an overview of the global frac sand market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for type, application, and regions of frac sand.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global frac sand market are CARBO Ceramics Inc., Covia Holdings Corporation, Badger Mining Corporation, Smart Sand, Inc., U.S. Silica, and Hi-Crush Inc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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