According to the new market research report “Proppant Market by Type (FRAC Sand Proppant, Resin-coated Proppant, and Ceramic Proppant) and Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa) – Global Forecast to 2022“, published by MarketsandMarkets™, The Proppant Market size is projected to reach USD 9.9 billion by 2022, at a CAGR of 6.9% between 2017 and 2022. The increasing demand for proppant in hydraulic fracturing of shale gas, coal bed methane, and tight gas are driving the market.
Proppant Market: Browse 67 Market Data Tables and 40 Figures spread through 131 Pages
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Proppant is a treated sand or engineered ceramic material, which is used to keep fractures propped open after a fracturing treatment. Hence, it is called propping agent. It is majorly used in hydraulic fracturing of shale gas, tight gas, and coal bed methane. Different types of proppants, such as frac sand, resin-coated, and ceramic proppants have different mechanical strengths to withstand high closure pressures ranging from 6,000 psi to 20,000 psi.
Acquisition was a key strategy adopted by the major players to achieve growth in the proppant market between 2014 and 2017. Some of the major players in the proppant market include Carbo Ceramics Inc. (U.S.), Saint-Gobain Proppant Inc. (U.S.), JSC Borovichi Refractories Plant (Russia), Yixing Orient Petroleum Proppant Co., Ltd. (China), U.S. Silica Holdings Inc. (U.S.), Hexion Inc. (U.S.), China GengSheng Minerals, Inc. (China), Fairmount Santrol Holdings Inc. (U.S.), Hi-Crush Partners LP (U.S.), and Mineração Curimbaba Ltda. (Brazil). Besides acquisition, companies also adopted expansions, new product developments, and agreements as strategies to expand their product portfolio, strengthen their distribution network, and expand their customer base.
Hi-Crush Partners LP used acquisitions and agreements as major strategies to increase its market share in the proppant market. In March 2017, Hi-Crush Partners LP acquired Permian Basin Sand Company, LLC (U.S.). This acquisition enabled the company to increase their regional presence. In the same month, Hi-Crush completed the acquisition of Hi-Crush Whitehall LLC (U.S.) from Hi-Crush Proppants LLC, the sponsors of Hi-Crush Partners LP. The Hi-Crush Whitehall LLC owned Whitehall facility has an annual processing capacity of 2.86 million tons of frac sand per year.
Hi-Crush also acquired additional properties located near the Whitehall facility. In May 2015, Hi-Crush Partners LP and ARB Midstream, LLC (U.S.) entered into an agreement to develop and operate two energy rail hubs in DJ Basin and Permian Basin. This agreement will enable Hi-Crush to operate its frac sand terminals located at these facilities and expand its distribution network.
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