Global Frac Sand Market, By Type (Northern White Sand, Brown (Brady) Sand and Others), Mesh Size (20/ 40, 30/ 50, 40/ 70, and 100), Application (Oil Exploitation, Natural Gas Exploration and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the frac sand market will witness a CAGR of 14.95% for the forecast period of 2021-2028. Rising oil and gas exploration activities and rising adoption of hydraulic fracturing techniques are the two major factors attributable to the growth of frac sand market.
Frac sand is a naturally occurring type of crystalline silica extracted from pure sandstone. It is a special variety of quartz sand that is highly durable in nature, is strong and is a crush resistant material. Frac sand is used as a proppant in the hydraulic fracturing of shale gas formations. It is natural, uniform, round and has a small grain size that allows the natural fluids to easily pass through. Frac sand delivers the highest level of performance when compared to its alternatives such as ceramic and aluminium beads and sintered bauxite. As a result, frac sand is preferred by the petroleum industry. Frac sand mining requires immense quantity of water. However, frac sand mining can lead to birth of many lung diseases. Prolonged exposure to silica can lead to silicosis and lung cancer.
Rising oil and gas extraction activities and growth and expansion of oil and gas exploration industry is a major factor fostering the growth of frac sand market. Discovery of new shale reserves will further bolster the growth of frac sand market. Rising demand for petroleum based products coupled with rising technological advancements in the process of oil and natural gas extractions will further fuel up the frac sand market growth rate. Hydraulic fracturing of methane hydrate will further create lucrative and remunerative growth opportunities for the frac sand market.
However, fluctuations in the prices of crude oil will pose a major challenge to the frac sand market growth. Lack of proper infrastructure and transportation facilities will further create hindrances for the growth of frac sand market. Health hazards in relation to prolonged exposure to frac sand will also derail the market growth rate.
This frac sand market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on frac sand market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Frac Sand Market Scope and Market Size
The frac sand market is segmented on the basis of resin, type, mesh size and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the frac sand market is segmented into northern white sand, brown (brady) sand and others.
- On the basis of mesh size, the frac sand market is segmented into 20/ 40, 30/ 50, 40/ 70, and 100.
- On the basis of application, the frac sand market is segmented into oil exploration, natural gas exploration and others.
Global Frac Sand Market Country Level Analysis
The frac sand market is analysed and market size, volume information is provided by country, resin, type, mesh size and application as referenced above.
The countries covered in the frac sand market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the frac sand market and will continue to during the forecast period. USA is the major contributor from this region. Rising demand and application of silica sand as a dominant proppant material in hydraulic fracturing is a major factor fostering the growth of market in this region. Increased expenditure for research and development activities to introduce high quality frac sand is another factor bolstering the frac sand market growth rate in this region.
The country section of the frac sand market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Frac Sand Market Share Analysis
The frac sand market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to frac sand market.
The major players covered in the frac sand market report are CARBO Ceramics Inc., Covia Holdings LLC., Badger Mining Corporation, SmartSand, Inc., U.S. Silica., Hi-Crush Inc., Emerge Energy Services, Chieftain Sand, Inc., Diversity Technologies Corporation, LaPrairie Group of Companies, Sibelco, Source Energy Services, Victory Nickel Incorporated, Vista Proppants and Logistics., Chongqing Changjiang Bearing Co., Ltd., Fairmount Santrol, Preferred Sand, Permian Frac Sand LLC, Superior Silica Sands and Atlas Sand Company, LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.