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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Major players in the frac sand market are increasingly expanding their presence through the development of existing and new mining facilities:
CARBO Ceramics Inc.
CARBO Ceramics Inc., established in 1902, has built a reputation for its innovative ceramic proppant products, which are used in hydraulic fracturing to enhance the productivity of oil and gas wells. The company's products are designed to provide superior strength and conductivity, ensuring efficient extraction processes.
Covia Holdings Corporation
Covia Holdings Corporation, formed from the 2018 merger of Unimin Corporation and Fairmount Santrol, is a leading provider of mineral-based solutions, including high-quality proppants for hydraulic fracturing. The company's extensive portfolio includes a variety of sand and resin-coated proppants that cater to the diverse needs of the oil and gas market.
Badger Mining Corporation
Badger Mining Corporation, a family-owned business since the early 1900s, specialises in the mining and processing of industrial silica sand. The company's proppants are known for their quality and consistency, making them a preferred choice for hydraulic fracturing operations across North America.
Smart Sand, Inc.
Smart Sand, Inc., established in 2011, focuses on the production and supply of premium Northern White frac sand, a key proppant used in hydraulic fracturing. The company's state-of-the-art facilities and strategic location near major oil and gas basins allow it to efficiently meet the demands of its clients.
Other key players in the global frac sand market are U.S. Silica, and Hi-Crush Inc., among others.
Companies in the global frac sand market are experiencing growth through various strategic initiatives. One of the primary approaches is expanding production capacity, with many companies opening new mines or enlarging existing facilities to meet the rising demand for frac sand, particularly in regions with significant fracking activity. Additionally, investments in advanced technologies for mining, processing, and quality control of frac sand are becoming increasingly common.
Frac Sand Market Report Snapshots
Frac Sand Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2022, the market reached a value of USD 8.94 billion in 2023.
The market is projected to grow at a CAGR of nearly 7.50% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 17.13 billion by 2032.
The major drivers of the market include rising disposable incomes, increasing population, and rising oil and gas market.
The cost-effectiveness of frac sand, the increasing research and development (R&D) activities aimed at launching high-efficiency and high-quality frac sand, and the growing adoption of shale fracturing in oil and gas extraction are the key trends guiding the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
White sand and brown sand, among others, are the various types of frac sand.
Oil exploration and natural gas exploration, among others, are the major applications of frac sand.
The leading players in the market are CARBO Ceramics Inc., Covia Holdings Corporation, Badger Mining Corporation, Smart Sand, Inc., U.S. Silica, and Hi-Crush Inc., among others.
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