Latin America Proppants Market Size & Outlook, 2023-2030
The proppants market in Latin America is expected to reach a projected revenue of US$ 918.3 million by 2030. A compound annual growth rate of 5.4% is expected of Latin America proppants market from 2024 to 2030.
Revenue, 2023 (US$M)
$636.8
Forecast, 2030 (US$M)
$918.3
CAGR, 2024 - 2030
5.4%
Report Coverage
Latin America
Latin America proppants market, 2018-2030 (US$M)
Latin America proppants market highlights
- The Latin America proppants market generated a revenue of USD 636.8 million in 2023.
- The market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, frac sand was the largest revenue generating type in 2023.
- Frac Sand is the most lucrative type segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 636.8 million |
| Market revenue in 2030 | USD 918.3 million |
| Growth rate | 5.4% (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, Latin America region accounted for 7.0% of the global proppants market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,035.6 million by 2030.
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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 |
|---|
Latin America proppants market
Related industry reports
Related regional statistics
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