North America Proppant Market Report and Forecast 2024-2032

North America Proppant Market Outlook

The North America proppant market size reached a value of approximately USD 1.22 billion in 2023. The market is further expected to grow at a CAGR of 11.20% between 2024 and 2032, reaching a value of around USD 3.21 billion by 2032.

Key Trends in the Market

Proppants refer to consistently sized, grit-like granules that are used with fracturing fluid during the hydraulic fracturing (fracking) procedure to maintain open earth fractures. They aid in the extraction of oil and gas by creating a path for more freely flowing hydrocarbons.

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• Increasing oil and shale gas production is a major factor fuelling the North America proppant market expansion as proppants are commonly used in the extraction processes of oil and gas.

• Shifting attention to the use of ceramic proppants will likely produce profitable growth prospects for the market as ceramic proppants are useful in high stress applications due to their greater strength and crush resistance.

• Advances in fracking technology, increasing frac sand usage, and rising shale gas production activities are the key trends that are expected to support the growth of the proppant market in North America.

Market Analysis

Based on type, the market is divided into frac sand, resin-coated, and ceramic. On the basis of application, the market is segmented into shale gas, tight gas, and oil extraction, among others. The major countries in the proppant market in North America are the United States and Canada.

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The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the North America proppant market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

• Compagnie de Saint-Gobain S.A.

• Badger Mining Corporation

• Covia Holdings LLC

• Imerys S.A.

• Eagle Materials Inc.

• Preferred Sands

• U.S. Silica Holdings, Inc

• CARBO Ceramics Inc.

• US Ceramics, LLC

• Hexion Inc.

• Others

Market Share by Type

Frac sand accounts for a sizable share of the North America proppant market by type as it is a popular component for hydraulic fracturing. Due to the abundance of advantageous shale basins and rising natural gas consumption in the region, there is a significant increase in demand for frac sand. Round-grain, extremely resistant sand is used to create frac sand proppants. The volume of frac sand needed per well is projected to rise during the forecast period due to the rise in ageing fields, and the expansion of horizontal drilling and shale gas production operations.

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Market Share by Country

The United States is one of the major countries in the proppant market of North America, supported by the exploration of unconventional crude oil reserves and the use of hydraulic fracturing. Compared to oil produced from conventionally fractured wells, the amount of oil produced from hydraulically fractured wells has been steadily rising. The North America proppant market has been positively impacted by the expanding use of hydraulic fracturing in the United States, particularly for shale gas and tight oil purposes.

Competitive Landscape

Covia Holdings LLC, founded in 1970 and headquartered in Ohio in the United States, is a supplier of minerals and material solutions for the industrial and energy markets. The company offers a range of mineral solutions for applications such as polymers, glass, ceramics, water filtration, coatings, construction, sports, and leisure.

Imerys S.A., established in 1880, is a global pioneer in mineral-based speciality products with headquarters in Paris, France. The company provides high value-added solutions to a wide range of industries, including process manufacturing and consumer goods.

CARBO Ceramics Inc., founded in 1979, is a leading provider of ceramic proppant. With headquarters in Texas in the United States, CARBO Ceramics offers fracture simulation software, and also provides fracture design and consulting services.

Other market players include Compagnie de Saint-Gobain S.A., Badger Mining Corporation, Eagle Materials Inc., Preferred Sands, U.S. Silica Holdings, Inc, US Ceramics, LLC, and Hexion Inc., among others.

Key Highlights of the Report