Frac Sand Market - Forecast(2024 - 2030)

Frac Sand Market is anticipated to attain a market value of  $14.1 billion by 2030, exhibiting a steady compound annual growth rate (CAGR) of 8.2% during the forecast period spanning from 2023 to 2030. 

The Frac Sand Market is a segment of the oil and gas industry that involves the production and supply of proppants, which are used in hydraulic fracturing operations. Frac sand is a type of proppant that is made from high-purity quartz sand or other materials, and it is used to prop open the fractures created during hydraulic fracturing to allow the release of oil and gas.

The Frac Sand Market is driven by the increasing demand for oil and gas across developing countries, as well as technological advancements in hydraulic fracturing techniques. Global oil consumption is anticipated to reach 104.1 million barrels per day by 2026,  according to the International Energy Agency. Further, as per International Energy Agency, global oil demand is estimated to grow by 1.9 mb/d in 2023 to a record of 101.7 mb/d. Based on type, the market is segmented into white sand, brown sand, and others. Based on application, the market is segmented into oil and gas exploration, hydraulic fracturing, and others. The market is categorized into various regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

North America is the largest market for frac sand, due to the increasing shale gas and oil production in the region. According to the US Energy Information Administration (EIA), production of crude oil in the U.S reached 12,462 thousand barrels in January 2023, as compared to 12,115 thousand barrels in December 2022. The Asia Pacific region is expected to witness significant growth in the Frac Sand Market, due to the growing demand for oil and gas in developing countries such as China and India.

Some of the major key players in the Frac Sand Market include Fairmount Santrol, Hi-Crush Partners, US Silica, Emerge Energy Services, Badger Mining Corporation, and Chieftain Sand. These players are focusing on expanding their product portfolio, improving production efficiency, and increasing their market share through mergers and acquisitions.

The “Frac Sand Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Incinerator Market.

Growing demand for high-quality Frac sand: With the increasing demand for oil and gas, there is a growing need for high-quality Frac sand that can withstand the high pressures and temperatures of hydraulic fracturing operations.

Technological advancements in hydraulic fracturing: The hydraulic fracturing techniques are becoming more advanced, leading to the use of more specialized and efficient proppants such as resin-coated frac sand and ceramic proppants.

Rising popularity of brown Frac sand: Brown Frac sand is becoming increasingly popular due to its lower cost compared to white Frac sand, as well as its ability to deliver comparable performance.

Focus on sustainability: There is a growing focus on sustainability in the Frac Sand Market, with companies looking to minimize the environmental impact of their operations and improve their social responsibility.

Increasing demand for regional and local sand: The transportation costs associated with frac sand can be high, leading to an increasing demand for regional and local sources of frac sand.

Consolidation in the market: There is ongoing consolidation in the Frac Sand Market, with larger companies acquiring smaller players to increase their market share and improve their economies of scale.

Diversification of product offerings: Companies in the Frac Sand Market are diversifying their product offerings to include other types of proppants such as ceramic beads and coated sand, as well as services such as logistics and transportation.

Fairmount Santrol: Fairmount Santrol is a prominent supplier of high-performance sand and sand-derived products that are utilized by oil and gas exploration and production firms for optimizing the efficiency of their wells. The company has a strong presence in the North American market and is focusing on expanding its product portfolio and improving production efficiency.

Hi-Crush Partners: Hi-Crush Partners is a leading supplier of premium frac sand and logistics services to oil and gas exploration and production companies. The company has a significant presence in the Permian Basin and is expanding its operations in other shale plays across North America.

US Silica: US Silica is a diversified industrial minerals company that produces and markets a wide range of products, including frac sand, industrial sand, and silica sand. The company has a strong presence in the Frac Sand Market and is focusing on expanding its product offerings and improving its production efficiency.

Emerge Energy Services: Emerge Energy Services is a leading producer of high-quality frac sand and related products used in hydraulic fracturing operations. The company has a strong presence in the Mid-Continent and Eagle Ford regions and is expanding its operations to other shale plays in North America.

Badger Mining Corporation: Badger Mining Corporation is a family-owned and operated company that produces high-quality Frac sand and other specialty sand products used in a variety of industries. The company places significant emphasis on sustainability and has a steadfast commitment to reducing its ecological footprint.

Chieftain Sand: Chieftain Sand is a leading producer of frac sand and other sand products used in hydraulic fracturing operations. With a robust market presence in the Permian Basin, the company is directing its efforts towards extending its operations to other shale formations situated across North America.

Product/Service launches, approvals, patents and events, acquisitions, partnerships, and collaborations are key strategies adopted by players in the Frac Sand Market Report. The top 10 companies in this industry are listed below: