The major factors propelling the growth of the global low strength proppants market are the increasing exploration and production (E&P) activities in the North American nations and the soaring technological advancements being made in the crude oil recovery process. Due to these factors, the market is predicted to advance at a CAGR of 9.8% from 2020 to 2030 and generate a revenue of $5,294.8 million by 2030. Low strength proppants are extensively used in oil and gas E&P activities as they have the ability to drastically increase the flow of oil and gas.
Depending on end-use, the low strength proppants market is divided into coal-bed methane, shale gas, crude oil, and others. Out of these categories, the crude oil division is predicted to exhibit the fastest market growth in the coming years. This is ascribed to the fact that there are over 400 billion recoverable shale oil barrels across the U.S., the U.K., Russia, and Saudi Arabia, and the low strength proppants are widely required for exploring these reserves.
The oil and gas explorers in the U.S. are increasingly focusing on the extraction of shale gas. As per a report published by the U.S. Energy Information Administration (EIA), the total shale gas production in the country was found to be 75% of the total natural gas production across the country in 2019. Hence, with the ballooning production of shale gas in the country, the usage of low strength proppants will increase in shale gas exploration in the future years.
Globally, the North American low strength proppants market is predicted to demonstrate the highest growth in the upcoming years, mainly on account of the increasing investments being made by the major market players in the region. Additionally, the soaring natural gas and crude oil exports are tremendously boosting the utilization of low-density proppants in the region.
The major market players are rapidly expanding their operations across the globe in order to gain a foothold in the market. For example, in August 2018, Black Mountain Sand LLC, a leading market player, announced its plans of expanding its operations in Western Oklahoma's Mid Continent, that will have a production capacity of 3 million tons every year. The addition of this mine will increase the annual capacity of the company to more than 19 million tons, making it the largest in-basin sand providing organization in the U.S.
Similarly, Alpine Silica, another key market player, set up two new production plants in Van Horn, Texas and Fay, Oklahoma in June 2018. These new facilities increased the company's presence in the Permian basin. The company supplies frac sand to the oil and gas sector. This material is required in the oil and gas sector for enhancing the recovery rates. Due to these factors, the usage of low-density proppants will increase sharply in the U.S. in the forthcoming years.
Black Mountain Sand LLC, Hi-Crush Inc., Superior Silica Sands LLC (a subsidiary of Emerge Energy Services LP), Atlas Sand Company LLC, and U.S. Silica Holdings Inc. are some of the leading players in the low strength proppants market.
Key Topics Covered:
Chapter 1. Research Background 1.1 Research Objectives 1.2 Market Definition 1.3 Research Scope 1.3.1 Market Segmentation by End Use 1.3.2 Market Segmentation by Geography 1.3.3 Analysis Period 1.3.4 Market Data Reporting Unit 18.104.22.168 Volume 22.214.171.124 Value 1.4 Key Stakeholders
Chapter 2. Research Methodology 2.1 Secondary Research 2.1.1 Paid 2.1.2 Unpaid 2.1.3 Publisher Database 2.2 Primary Research 2.2.1 Breakdown of Primary Research Respondents 126.96.36.199 By region 188.8.131.52 By industry participant 184.108.40.206 By company type 2.3 Market Size Estimation 2.4 Data Triangulation 2.5 Currency Conversion Rates 2.6 Assumptions for the Study 2.7 Notes & Caveats
Chapter 3. Executive Summary 3.1 Global Market Summary 3.2 North America Market Summary 3.3 Europe Market Summary 3.4 APAC Market Summary 3.5 LATAM Market Summary 3.6 MEA Market Summary
Chapter 4. Introduction 4.1 Voice of Industry Experts/KOLs 4.2 Definition of Market Segments 4.2.1 By End Use 220.127.116.11 Shale gas 18.104.22.168 Crude oil 22.214.171.124 Coal-bed methane 126.96.36.199 Others 4.3 Value Chain Analysis 4.3.1 List of Low-Strength Proppant Exporters of India 4.4 Distribution Channel Analysis 4.5 Pricing Analysis 4.6 List of Potential Customers 4.7 Market Dynamics 4.7.1 Drivers 188.8.131.52 Increasing E&P activities in North America 184.108.40.206 Increasing technological advancements for crude oil recovery 220.127.116.11 Impact analysis of drivers on market forecast 4.7.2 Restraints 18.104.22.168 Increasing concerns for fast paced depletion in fossil fuel reserves 22.214.171.124 Impact analysis of restraints on market forecast 4.7.3 Opportunities 126.96.36.199 Unexplored natural gas reserves in APAC 4.8 Impact of Covid-19 on Global Low-Strength Proppant Market
Chapter 5. Global Market Size and Forecast 5.1 By End Use 5.2 By Region
Chapter 6. North America Market Size and Forecast 6.1 By End Use 6.2 By Country
Chapter 7. Europe Market Size and Forecast 7.1 By End Use 7.2 By Country
Chapter 8. APAC Market Size and Forecast 8.1 By End Use 8.2 By Country
Chapter 9. LATAM Market Size and Forecast 9.1 By End Use 9.2 By Country
Chapter 10. MEA Market Size and Forecast 10.1 By End Use 10.2 By Country
Chapter 11. Major Markets: Segment Analysis 11.1 U.S. Market, By End Use 11.2 Canada Market, By End Use 11.3 Saudi Arabia Market, By End Use 11.4 China Market, By End Use 11.5 Russia Market, By End Use
Chapter 12. Competitive Landscape 12.1 Market Share Analysis of Key Players 12.2 Strategic Developments 12.3 List of Other Key Players
Chapter 13. Company Profiles 13.1 Fairmount Santrol Holdings Inc. 13.1.1 Business Overview 13.1.2 Product and Service Offerings 13.1.3 Key Financial Summary 13.2 Superior Silica Sands LLC 13.2.1 Business Overview 13.2.2 Product and Service Offerings 13.3 U.S. Silica Holdings Inc. 13.3.1 Business Overview 13.3.2 Product and Service Offerings 13.3.3 Key Financial Summary 13.4 CARBO Ceramics Inc. 13.4.1 Business Overview 13.4.2 Product and Service Offerings 13.4.3 Key Financial Summary 13.5 Badger Mining Corporation 13.5.1 Business Overview 13.5.2 Product and Service Offerings 13.6 Preferred Sands 13.6.1 Business Overview 13.6.2 Product and Service Offerings 13.7 Saint-Gobain Proppants Inc. 13.7.1 Business Overview 13.7.2 Product and Service Offerings 13.8 JSC "Borovichi Refractories Plant" 13.8.1 Business Overview 13.8.2 Product and Service Offerings 13.9 Black Mountain Sand LLC 13.9.1 Business Overview 13.9.2 Product and Service Offerings 13.10 Hi-Crush Inc. 13.10.1 Business Overview 13.10.2 Product and Service Offerings 13.10.3 Key Financial Summary 13.11 Atlas Sand Company LLC 13.11.1 Business Overview 13.11.2 Product and Service Offerings 13.12 Wisconsin Proppants LLC 13.12.1 Business Overview 13.12.2 Product and Service Offerings 13.13 Gongyi Tianxiang Refractory Materials Co. Ltd. 13.13.1 Business Overview 13.13.2 Product and Service Offerings 13.14 TEXAS SILICA 13.14.1 Business Overview 13.14.2 Product and Service Offerings
Chapter 14. Appendix 14.1 Abbreviations 14.2 Sources and References 14.3 Related Reports