What is Frac Sand?
Frac sand is defined as the naturally occurring crystalline silica sand which is processed from high-purity sandstone. It is widely used in the oil and gas industry for hydraulic fracturing. Frac sand is used to prop open fractures which are known as proppant. Increasing usage of frac sand in various application such as oil exploitation & natural gas exploration and rising demand for oil and gas extracted from unconventional resources is likely to be a prime driver for the global frac sand market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Chongqing Changjiang (China), Fairmount Santrol Inc. (United States), Source Energy Services (Canada), Mitsubishi Corporation (Japan), U.S. Silica Holdings Inc. (United States), CARBO Ceramics Inc. (United States), Qualicy Industries Pvt Ltd (India), Shiv Minerals (India) and Minehub (India) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Northern White Sand, Brown (Brady) Sand and Others) , by application (Oil Exploitation and Natural Gas Exploration) and major geographies.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Frac Sand market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Chongqing Changjiang (China), Fairmount Santrol Inc. (United States), Source Energy Services (Canada), Mitsubishi Corporation (Japan), U.S. Silica Holdings Inc. (United States), CARBO Ceramics Inc. (United States), Qualicy Industries Pvt Ltd (India), Shiv Minerals (India) and Minehub (India).
Market Overview:
In June 2022, ProFrac Holding Corp announced that its subsidiary ProFrac Holdings II, LLC acquired SP Silica of Monahans, LLC, and SP Silica Sales, LLC. It is a subsidiary of Signal Peak Silica. This acquisition was valued at approximately USD 90 million. With the acquisition, company has expanded its frac sand business.
The market appears to be highly fragmented and with the presence of several companies including U.S. Silica Holdings Inc. (United States), Fairmount Santrol Inc. (United States), Preferred Sands, Inc. (United States), among others.
Frac Sand Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growth in the Oil and Gas Industry and Increasing Proppant Consumption Per Well
- The Extensive Use of Frac Sand for Extracting Petroleum by the Fracking Process
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Major Trends | - One of the Latest of this Market is the Rising Demand of Frac Sand for the Extraction of Petroleum Fluids
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Restraints | - Issue related to Oversupply of Crude Oil and High Cost of Proppants
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Road Blocks / Challenges | - Problem related to Water Availability and Contamination Concerns across the world
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Gaps & Opportunities | - Unconventional Oil and Gas Reserves and Rising Demand from Emerging Market such as China and India
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Key highlights of the Asia Pacific Frac Sand market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Frac Sand market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Asia Pacific Frac Sand market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Frac Sand Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Asia Pacific Frac Sand market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Frac Sand market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Proppant Manufacturing Companies, Traders, Distributors, and Retailers, Raw material Suppliers, Commercial R&D Institutes and Research Institute, Trade Association, and Government Agencies.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.