Global Frac Sand Market Grow at Healthy CAGR of 15.20% by 2026


Posted October 24, 2019 by ganesha

Global frac sand market is expected to rise to an estimated value of USD 8931.41 million by 2026, registering a healthy CAGR of 15.20% in the forecast period of 2019-2026.

 
Global Frac Sand Market By Type (Northern White Sand, Brown (Brady) Sand, Others), Application (Oil Exploitation, Natural Gas Exploration), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Frac Sand Market

Global frac sand market is expected to rise to an estimated value of USD 8931.41 million by 2026, registering a healthy CAGR of 15.20% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising oil and gas exploration activities, the growing adoption of hydraulic fracturing techniques and cost-effectiveness over other proppants.

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Segmentation: Global Frac Sand Market
By Type
• Northern White Sand
• Brown (Brady) Sand
• Others
By Application
• Oil Exploitation
• Natural Gas Exploration
By Geography
• North America
• South America
o Rest of South America
• Europe
• Asia-Pacific
• Middle East and Africa

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Competitive Analysis: Global Frac Sand Market

Global frac sand market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of frac sand market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Definition: Global Frac Sand Market

Frac sand is naturally occurring high purity quartz sand that has been processed from pure and organic sandstone. It is highly durable, strong and a crush resistant material that is adopted for oil exploitation and natural gas exploration. It is used as a proppant in the process of hydraulic fracturing process to extract out petroleum fluids such as natural gas, oil and other related petroleum products from pore spaces into the well.

Key Market Competitors: Global Frac Sand Market

Few of the major competitors currently working in the frac sand market are Emerge Energy Services., Hi-Crush Inc., U.S. SILICA., Chieftain Sand, Inc., Di-Corp, LaPrairie Group of Companies, Sibelco, Source Energy Services, Victory Nickel Inc., Vista Proppants and Logistics, Chongqing Changjiang Bearing Co., Ltd., CARBO Ceramics Inc., Fairmount Santrol, SmartSand, Inc., Badger Mining Corporation, Preferred Sand, Permian Frac Sand LLC, Superior Silica Sands, Atlas Sand Company, LLC, Liberty Materials Inc, Sierra Frac Sand, LLC, amongst others.

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Last Updated October 24, 2019