Proppant is a sand material, which helps to keep hydraulic fracturing open during hydraulic fracturing treatment. It is used to close the fractures in the bore well process. It is used in the well-stimulation process, and in the extraction of oil and shale gas. Proppant provides high- conductivity for hydrocarbons to improve extraction of liquid, gas, or other substance in the bore well. There are different types of proppants used in hydraulic fractures. These include frac sand, resin coated, and ceramic.
The North American proppant market growth is driven by the increase in the production of oil and shale gas. In addition, the rise in industrialization due to technological advancement across the globe also boosts the growth of this market. The increase in demand for vehicles is anticipated to increase crude oil production, globally. This in turn is expected to positively affect the demand for proppants. The North American proppant market industry is growing due to the use of proppant sand for hydraulic fracturing extending across the North American region. However, the growth of the North American proppant market is restrained by the harmful effects of proppant pertaining to the environment. The high cost of proppant restrains the growth of the proppant market. During hydraulic fracturing, there is a significant amount of fluid leakage, which has an adverse effect on the environment and human health. This factor is expected to slow down the growth of the North American proppant market during the forecast period. Installing a new technology in hydraulic fracturing is anticipated to provide healthy growth opportunities to the North American proppant market during the forecast period.
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The proppant market is segmented into type, application, and country. Based on type, the North American proppant market is divided into frac sand, resin-coated, sand, and ceramic sand. Frac sand is highly pure sand. Resin-coated sand is an excellent material to produce cores and models in fracturing. Ceramic sand is used for hydraulic fracturing to extract oil or shale gas. North American proppant market share for frac sand is rising due to production is expected to grow over the forecast period. Based on application, the proppants market is categorized into shale gas, tight gas, oil extraction, and others. North American proppant market size for proppant sand production is anticipated rise during the forecast period due to rising industrial applications. Based on country, the North American proppant market is analyzed across the U.S., Canada, and Mexico. Rising production of proppant in industrialization in North American countries is significantly boosting the North American proppant market growth.
Some of the key players operating in the proppant market include US Silica, Carbo Ceramic, Hi-Crush LP, Epic Ceramic Proppant Ltd, Badger Mining Corporation, Fairmount Santrol, Halliburton, Hexion, Preferred Sands LLC., and Schlumberger Limite.
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North America Proppant Market Key Market Segments:
By Type
- Frac Sand
- Resin-coated
- Ceramic
By Application
- Shale Gas
- Tight Gas
- Oil Extraction
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
Key Players
- US Silica
- Carbo Ceramic
- Hi-Crush LP
- Epic Ceramic Proppant Ltd.
- Badger Mining Corporation
- Fairmount Santrol
- Halliburton
- Hexion
- Preferred Sands LLC.
- Schlumberger Limited
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