Frac Sand Market Size, Share & Industry Analysis, By Type (White Sand, Brown Sand, Others), By Application (Oil & Gas Exploration, Natural Gas Exploration, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Frac Sand is a pure quartz sand which consist of very round sand grains. This sand is extremely durable and provides a crush-resistant material that can be employed in oil & gas industries for fracking also called as hydraulic fractioning. The rock units undergo multiple cycles of weathering and therefore are potential sources of frac sand. The sand grains are extremely round as minerals other than quartz are eliminated naturally by weathering.
Growing oil and gas exploration activities attributed to high demand for petroleum and natural gas is anticipated to drive the market growth. The rising adoption of hydraulic fractioning technique to extract oil shall foster the market growth. More than 1000 tons of frac sand is required to carry out single hydraulic fractioning process. Additionally, the lower cost of frac sand is one of the important aspect aiding the market growth.
However, frac sand requires proper infrastructure and transportation system to preserve its natural shape and physical properties. Unavailability of such infrastructure and transportation system is expected to limit the market growth.
Key Market Driver -
Growing Oil & Gas industry.
Key Market Restraint -
Lack of appropriate infrastructure and transportation system.
FRAC SAND MARKET Segmentation ANALYSIS:
Based on type, the global frac sand market is segmented into white sand, brown sand and others. Based on application, is segmented into oil & gas exploration, natural gas exploration, and other applications.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global frac sand market consists of global & regional players operating. Some of the key players in the market include Unimin Corporation, Preferred Sands, Source Energy Services, Fairmount Santrol, Carbo Ceramics Inc., Badger Mining Corporation, U.S. Silica Holdings Inc, Hi-Crush Inc, and others.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the Frac Sand Market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional FRAC SAND MARKET Analysis:
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for largest share in market attributed to the increasing natural gas and oil exploration activities. Additionally, presence of large number of oil companies is expected to drive the regional market. Asia Pacific is anticipated to grow with rapid pace due to the increasing petroleum exploration activities. Europe is expected to show significant growth attributed to adoption of hydraulic fractioning technique. Latin America and Middle East & Africa shall exhibit sluggish growth by the end of forecast period.
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Segmentation
ATTRIBUTE | DETAILS |
By Type |
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By Application |
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By Geography |
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Frac Sand Industry Developments
- In October 2018, Preferred Sands announced commercial opening of the In-Basin Sand mine in Oklahoma. This new cutting-edge facility in Oakwood is expected to provide frac sand to the SCOOP, STACK and other mid-continent formations.
- In October 2017, Source Energy Service Ltd announced the acquisition of Preferred Sand’s Wisconsin mine processing facility and Canadian frac sand assets and other equity and assets.
- Ongoing
- 2023
- 2019-2022
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