North America Proppants Market Size (2024 - 2029)

North America Proppants Market Analysis

The North America Proppants Market is estimated to register a CAGR of over 7% during the forecast period.

During the COVID-19 outbreak, nationwide lockdowns around the globe, disruption in manufacturing activities and supply chains, production halts, and labor unavailability negatively impacted the market. However, the conditions started recovering in 2021, which will likely restore the market's growth trajectory during the forecast period.

• Over the short term, improvements in fracking technology, increasing usage of frac sand (quantity per well), and increasing shale gas production activities are the major driving factors augmenting the growth of the market studied.
• On the flip side, environmental concerns and legislation are anticipated to restrain the growth of the target industry over the forecast period.
• Nevertheless, shifting focus toward the usage of ceramic proppants is likely to create lucrative growth opportunities for the market soon.
• The United States is the largest market for proppants. It is expected to witness the highest CAGR during the forecast period.

North America Proppants Industry Segmentation

Proppant is a gritty material with uniformly sized particles which can be mixed with fracturing fluid during the hydraulic fracturing (fracking) process in order to hold open fractures made in the ground. There are different types of proppants including naturally occurring sand and man-made proppants. Man-made proppants include materials such as resin-coated sand or strong ceramic materials.

The North American proppants market is segmented by Type (Frac Sand, Resin Coated, and Ceramic) and Geography (United States, Canada, and Mexico). The report also covers the market size and forecasts for the proppants market in three countries across major regions. For each segment, the market sizing and forecasts have been done in terms of volume in million tons.