Global Proppants Market Size & Outlook, 2023-2030
The proppants industry worldwide is expected to reach a projected revenue of US$ 15,617.7 million by 2030. A compound annual growth rate of 8% is expected of the worldwide proppants industry from 2024 to 2030.
Revenue, 2023 (US$M)
$9,123.4
Forecast, 2030 (US$M)
$15,617.7
CAGR, 2024 - 2030
8%
Report Coverage
Worldwide
Global proppants market, 2018-2030 (US$M)
Global proppants market highlights
- The global proppants market generated a revenue of USD 9,123.4 million in 2023 and is expected to reach USD 15,617.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8% by 2030.
- In terms of segment, frac sand accounted for a revenue of USD 9,123.4 million in 2023.
- Frac Sand is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 9,123.4 million |
| Market revenue in 2030 | USD 15,617.7 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Frac sand |
| Fastest growing segment | Frac Sand |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Frac Sand |
Other key industry trends
- In terms of revenue, the North America accounted for 45.6% of the global proppants market in 2023.
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Proppants Market Scope
Proppants market segmentation & scope
Application
Shale Gas
Tight Gas
Coal Bed Methane
Others (tight oil, deep gas, subsea hydrates)
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Russia
Netherlands
Norway
China
India
Japan
Australia
South Korea
Indonesia
Malaysia
Thailand
Brazil
Argentina
Venezuela
South Africa
Saudi Arabia
UAE
Qatar
Kuwait
Proppants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global proppants market size, by regions, 2018-2030 (US$M)
Related industry reports
Related regional statistics
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