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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Frac Sand Market Analysis by Region
North America has established itself as a leading player in the global market, capturing the largest frac sand market share. The region is home to significant shale reserves, including the Bakken Formation in North Dakota, the Permian Basin in Texas, and the Marcellus Formation in the Appalachian region. The strategic location of these shale formations near key oil and gas production centres in North America has led to increased demand for the product.
Notably, the United States witnessed a transformative shift in the early 2000s with the onset of the shale revolution. This change was driven by the introduction of hydraulic fracturing (fracking) technology, which allowed for the extraction of oil and natural gas from shale formations that were previously inaccessible. As a result, there was a marked increase in demand for the product, which is essential as a proppant in fracking operations.
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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