Frac Sand Market - By Type (White Sand, Brown Sand, and Others), By Mesh Size (20/40, 30/50, 40/70, and 100), By Application (Oil Exploration and Gas Extraction) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Frac Sand Market held USD 7.2 billion and is to grow with a CAGR of 7.2% from 2020-2030. Frac sand is a particular type of quartz sand, which is used as a proppant in the hydraulic fracturing (fracking) of formations of shale gas . A proppant is a solid substance  designed to keep an induced hydraulic fracture intact. It is composed of highly pure silica sand and has an ideal grain size & spherical in shape and resists the crushing. Due to these qualities,  frac sands is ideal for use in the process of fracking, thus fuelling the frac sand market growth.  Frac sand prevents the fracture from closing when the water pumps are turned off, and enables the flow of hydrocarbons into the storage tanks. Alternate materials that can be used as a proppant are aluminum, ceramic, beads and sintered bauxite. But. among them frac sand results in the highest level of performance and is that's why it is widely preferred by the petroleum industry. Due to these factors, frac sand market is likely to witness growth during forecast period.

Market Dynamics and Factors:

Rapidly growing gas and oil exploration industry is the major driver in the global frac sand market, which uses process of hydraulic fracturing in the extracting natural gas & oil. An efficient process of single shale hydraulic fracturing needs  about thousands of tons of frac sand. Contrary, the lack of shale deposits around the globe limits the global frac sand market growth. Moreover, the health risks associated with the extended contact with frac sand is expected to hinder the growth of frac sand market. However, the altering prices of crude oil and exploration of new shale reserves are forecasted to provide new opportunities for the international frac sand market. Further, if frac sand supply infrastructure is built in the proximity of the site, it is expected to reduce the transportation cost,  therefore resulting in the increase in the economy of the process of hydraulic fracturing. Even factors such as increased demand for fine mesh raw frac sand will also drive frac sand market. Fine mesh raw fract sand is used as a proppant for oil and natural gas extraction. Similar to other proppants such as processed ceramics and resin-coated sand, it is affordable and is extensively used in the oil and gas industry.

Market Segmentation:

Considering the type, the frac sand market is segmented into brown sand, white sand and others. Considering the mesh size, the market is bifurcated into 20/40, 30/50, 40/70, and 100. Further, on the basis of application, the market is segregated into the gas extraction and oil exploration. Geographic breakdown of the above mentioned segments includes regions comprising Europe, North America, Asia-Pacific, and RoW.

Geographic Analysis:

North America was the biggest frac sand market in 2019, and the region will provide business vendors with many growth opportunities over the forecast period.During the forecast period, approximately 67 per cent of demand growth would derive from North America. The US and Canada are the main North American markets for frac sand. In this region business growth would be slower than market growth in other regions.

Competitive Scenario:

The key players of global frac sand market are Major companies covered, include Hi-Crush Inc, Black Mountain Sand, U.S. Silica, Fairmount Santrol, CARBO Ceramics Inc., Badger Mining Corporation, Preferred Sands, Emerge Energy Services LP, Smart Sand Inc. and Unimin Corporation. 

Frac Sand Market Report Scope