NEW
YORK, May 19, 2024 /PRNewswire/ -- The
global frac sand market size is estimated to
grow by USD 4500.2 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of over 9.38% during the forecast
period.
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application (Oil
exploration and Natural gas exploration), Type (White frac and
Brown frac), and Geography (North America, Europe, APAC, Middle
East and Africa, and South America)
|
Region
Covered
|
North America, Europe,
APAC, Middle East and Africa, and South America
|
Key companies
profiled
|
Athabasca Minerals
Inc., Atlas Sand Co. LLC, Badger Mining Corp., CARBO Ceramics Inc.,
Chongqing Changjiang River Moulding Material Group Co. Ltd., Covia
Holdings LLC, Diversity Technologies Corp., Emerge Energy Services
LP, FEECO International Inc., Hi Crush Inc., Permian Frac Sand LLC,
Preferred Proppants LLC, SCR Sibelco NV, Sierra Frac Sand LLC,
SmartSand Inc., Source Energy Services Ltd., US Silica Holdings
Inc., Victory Nickel Inc., and Vista Proppants and
Logistics
|
Segment Overview
This frac sand market report extensively covers market
segmentation by
- Application
- 1.1 Oil exploration
- 1.2 Natural gas exploration
- Type
- 2.1 White frac
- 2.2 Brown frac
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Oil exploration- The Frac Sand Market is
significantly driven by the oil and gas industry, particularly oil
exploration in low-permeability reservoirs such as shale formations
and tight shale formations. The increasing demand for oil, driven
by individual and industrial use, transportation fuel, and natural
gas exploration, necessitates the use of proppants like frac sand
in the petroleum industry. The mining sector sources quartz sand,
or Northern White Sand, from regions like the Mid-Continent and
Permian Basin for use as frac sand. Operators face maintenance
issues and regulations related to mining, processing, and
transportation of these raw materials. Specialty sand products,
including resin-coated sand and specialty proppants, are used for
pattern recognition in reservoir behavior. Sustainability concerns,
trade routes, and transportation costs, including railway
infrastructure, are key factors influencing market dynamics. Labor,
safety concerns such as lung cancer and silicosis, and production
capacity expansion are also critical considerations. Methane
hydrate and shale gas formations, as well as tariffs and water
usage, further impact the market landscape.
3.1 North
America- The Frac Sand Market in North America has significantly emerged due to
the high adoption of hydraulic fracturing, with over 772 rigs in
the US dedicated to horizontal drilling in March 2020. Key players in this market include
Emerge Energy Services, Fairmount Santrol, Hi-Crush Partners, and
Global Brands. Frac sand, a crucial component in hydraulic
fracturing operations, is primarily sourced from the mining sector,
with high-purity quartz sand being the preferred choice. The market
caters to the oil and gas industry, particularly in
low-permeability reservoirs such as the Marcellus Formation and the
Permian Basin. Companies like Hi-Crush Partners have expanded
production capacity to meet the increasing demand. However,
challenges such as maintenance issues, regulations, and lung cancer
concerns related to silica dust exposure persist. The glass
manufacturing sector and railway infrastructure also contribute to
the market as they require large quantities of sand for their
processes. Additionally, the market is influenced by the behavior
of hydrocarbon reservoirs, methane hydrate, and natural gas
exploration in mid-continent regions. Proppants, including
resin-coated sand, play a vital role in enhancing production and
overcoming challenges in high-pressure, high-temperature
environments.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Key Market Trends Fueling Growth
The oil and gas industry's expansion, driven by global
population growth and rising energy demand, fuels the Frac Sand
Market's growth. The EIA reports global petroleum consumption at
95.3 mbpd in 2021, up from 98.55 mbpd in 2017. The Permian Basin,
with its petroleum industry processing facility expansion, requires
vast quantities of proppants like quartz sand for fracking.
Railways, roads, and transportation facilities are crucial for
transporting raw materials like silica sand from sources like
Badger Mining Corporation and Chieftain Sand to production sites.
Regulations, reservoir behavior, and sustainability concerns
influence market dynamics. AI and specialty sand products are
emerging trends.
Market Challenges
- The renewable energy sector is expanding due to increasing
energy demand, clean initiatives, and subsidies. In
2018, renewables met 25% of global power demand, projected to
reach 30% by 2023. Meanwhile, the frac sand market is significant
in oil and gas exploration, particularly in hydraulic fracturing
operations. Key players include Badger Mining, Fairmount Santrol,
and Hi-Crush Partners. Frac sand mining raises environmental
concerns, including ecological footprint and potential health risks
like lung cancer.
Research report provides comprehensive data on impact of trend,
driver and challenges - Buy Report
Research Analysis
The Frac Sand Market plays a significant role in the Petroleum
Industry, particularly in Hydraulic Fracturing (fracking)
operations for extracting Shale Gas Formations and Hydrocarbons
from Tight shale formations. High-purity Quartz Sand, also known as
Frac Sand, is essential as Proppants to keep the created Fractures
open, allowing the flow of Oil and Gas. The Mining sector,
including companies like Emerge Energy Services and Badger Mining
Corporation, supplies this Sand. Water and Chemicals are also used
in the process. While the benefits of Hydraulic Fracturing are
debated, concerns regarding Silica content in Frac Sand and its
potential health risks, such as Silicosis and Lung Cancer, remain.
The Frac Sand Market's growth is closely linked to the expansion of
Shale Reserves and the demand for Oil consumption.
Market Research Overview
The Frac Sand market is a significant sector in the oil and gas
industry, with applications in hydraulic fracturing processes. Key
players in this market include Badger Mining, Mining Corporation of
America, and Cargill. Formation types such as the Arkansas, Fort
Worth, and Brownstones are commonly used. Frac sand is
transported to well sites through operators like Hi-Crush Partners
and Profrac Services. Hydrated sand is used for proppant
applications, while crushed sand is utilized for filtration
purposes. The demand for frac sand is driven by the increasing
focus on unconventional resources and the need for enhanced oil
recovery. Ecologic and economic considerations, such as the
reduction of water usage and the implementation of sustainable
practices, are also influencing market trends. The use of frac sand
is essential for maximizing the productivity of wells and
extracting hard-to-reach reserves.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Oil Exploration
- Natural Gas Exploration
- Type
-
- Geography
-
- North America
- Europe
- APAC
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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