The Proppant Market is expected to grow from USD 7.06 billion in 2017 to USD 9.87 billion by 2022, at a CAGR of 6.9% from 2017 and 2022. Proppant is used during or after the hydraulic fracturing treatment, to keep the fractures open. It finds the majority of its consumption in the hydraulic fracturing of natural gases such as shale gas, tight gas, and coal bed methane. Increasing demand for natural gas is expected to drive the global proppant market during the forecast period. The base year considered for the study is 2017, and the forecast has been provided for the period between 2018 and 2023.

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Key players in the market include Carbo Ceramics Inc. (U.S.), Saint-Gobain Proppants Inc. (U.S.), JSC Borovichi Refractories Plant (Russia), Yixing Orient Petroleum Proppant Co., Ltd. (China), U.S. Silica Holdings Inc. (U.S.), Hexion Inc. (U.S.), Mineração Curimbaba Ltda (Brazil), and China GengSheng Minerals, Inc. (China). These players are increasingly undertaking expansions, acquisitions, agreements, and new product developments to expand their market share, and develop and introduce new products in the market from 2013 to 2017.

Critical questions the report answers:
Where will all these developments take the industry in the mid to long term?
What are the innovative proppant technologies developed for hydraulic fracturing?
Market Dynamics -
Opportunities

Unconventional oil and gas reserves
Challenges

Water availability and contamination concerns


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Use of proppants in oil & gas industry drives the global proppant market
Proppant is treated sand or engineered ceramic material, which is used to keep fractures propped open during and after the hydraulic fracturing treatment. The proppant market is directly dependent on the hydraulic fracturing in the oil & gas industry for its growth. Hydraulic fracturing allows for extended production in older oil and natural gas fields. Although hydraulic fracturing is used in both conventional and unconventional resource wells, it finds wider application in unconventional gas wells that are used to extract coal bed methane, shale gas, or tight gas. As the oil & gas market is expected to recover, the demand for proppants will increase during the forecast period

Major Market Developments
In March 2017, Hi-Crush Partners LP acquired Permian Basin Sand Company, LLC (U.S.) from the third party, which is located within 75 miles of Delaware and Midland Basins activity. This company owned a 1,226-acre frac sand reserve, which has an output of about 55 million tons of 100 mesh frac sand. This acquisition has enabled the company to increase their regional presence.