Proppant Market

Proppant Market Segmentation By Product Type (Sand, Resin Coated and Ceramic); By Application (Shale Gas, Tight Gas, Coal-Bed Methane & Others) – Global Demand Analysis & Opportunity Outlook 2027

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Report ID: 849 | Published On: Apr 04, 2022
  1. Introduction
    • Market Definition
    • Market Segmentation
    • Product Overview
  2. Assumptions and Acronyms
  3. Research Methodology
  4. Research Process
    • Primary Research
    • Manufacturers
    • Distributors
    • End Users
    • Secondary Research
    • Market Size Estimation
  5. Executive Summary - Global Advanced Therapy Medicinal Products Market
  6. Analysis of Market Dynamics
  7. Drivers
  8. Trends
  9. Key Market Opportunities for Business Growth
  10. Major Roadblocks for the Market Growth
  11. Regulatory & Standard Landscape
  12. Value Chain Analysis
  13. Potential ATMP Treatment Analysis
  14. Pricing Analysis of Global Advanced Therapy Medicinal Products Market
  15. Use Case Analysis
  16. Pipeline Analysis
  17. Analysis on the Manufacturing Process
  18. Analysis of COVID-19 Impact on the Global Advanced Therapy Medicinal Products Market
  19. Analysis of End-User Market Share of Global Advanced Therapy Medicinal Products
  20. Competitive Positioning
  21. Competitive Landscape
  22. Market Share Analysis of Major Players (%), 2021
  23. Competitive Benchmarking
  24. Novartis AG.
  25. Takeda Pharmaceutical Company Limited
  26. Gilead Sciences, Inc.
  27. Bluebird Bio, Inc
  28. BioMarin Pharmaceutical Inc
  29. Vericel Corporation
  30. Mallinckrodt Pharmaceuticals
  31. UniQure N.V.
  32. JCR Pharmaceuticals Co., Ltd.
  33. Spark Therapeutics, Inc. (Parent Company: Roche)
  34. Kolon TissueGene, Inc.
  35. Global Advanced Therapy Medicinal Products Market Outlook
  36. By Value (USD million)
  37. By Product
  38. CAR-T Therapy, 2021-2031F (USD million)
  39. Gene Therapy, 2021-2031F (USD million)
  40. Cell Therapy, 2021-2031F (USD million)
  41. Tissue Engineered Product, 2021-2031F (USD million)
  42. By Disease
  43. Oncology, 2021-2031F (USD million)
  44. Genetic Disorders, 2021-2031F (USD million)
  45. CNS, 2021-2031F (USD million)
  46. Dermatology, 2021-2031F (USD million)
  47. Others, 2021-2031F (USD million)
  48. By End-User
  49. Hospitals & Clinics, 2021-2031F (USD million)
  50. Research & Academic Institutes, 2021-2031F (USD million)
  51. Global Advanced Therapy Medicinal Products Market by Region
  52. North America, 2021-2031F (USD million)
  53. Europe, 2021-2031F (USD million)
  54. Asia-Pacific, 2021-2031F (USD million)
  55. Latin America, 2021-2031F (USD million)
  56. Middle East & Africa, 2021-2031F (USD million)
  57. North America Advanced Therapy Medicinal Products Market Outlook
  58. By Value (USD million)
  59. By Product
  60. CAR-T Therapy, 2021-2031F (USD million
  61. Gene Therapy, 2021-2031F (USD million)
  62. Cell Therapy, 2021-2031F (USD million)
  63. Tissue Engineered Product, 2021-2031F (USD million)
  64. By Disease
  65. Oncology, 2021-2031F (USD million)
  66. Genetic Disorders, 2021-2031F (USD million)
  67. CNS, 2021-2031F (USD million)
  68. Dermatology, 2021-2031F (USD million)
  69. Others, 2021-2031F (USD million)
  70. By End-User
  71. Hospitals & Clinics, 2021-2031F (USD million)
  72. Research & Academic Institutes, 2021-2031F (USD million)
  73. By Country
  74. US, 2021-2031F (USD million)
  75. Canada, 2021-2031F (USD million)
  76. Europe Advanced Therapy Medicinal Products Market Outlook
  77. By Product
  78. By Disease
  79. By End User
  80. By Country
  81. UK, 2021-2031F (USD Million)
  82. Germany, 2021-2031F (USD Million)
  83. France, 2021-2031F (USD Million)
  84. Italy, 2021-2031F (USD Million)
  85. Spain, 2021-2031F (USD Million)
  86. Russia, 2021-2031F (USD Million)
  87. Netherlands, 2021-2031F (USD Million)
  88. Rest of Europe, 2021-2031F (USD Million)
  89. Asia Pacific Advanced Therapy Medicinal Products Market Outlook
  90. By Product
  91. By Disease
  92. By End User
  93. By Country
  94. China, 2021-2031F (USD Million)
  95. India, 2021-2031F (USD Million)
  96. Japan, 2021-2031F (USD Million)
  97. South Korea, 2021-2031F (USD Million)
  98. Singapore, 2021-2031F (USD Million)
  99. Australia, 2021-2031F (USD Million)
  100. Rest of Asia-Pacific, 2021-2031F (USD Million)
  101. Latin America Advanced Therapy Medicinal Products Market Outlook
  102. By Product
  103. By Disease
  104. By End User
  105. By Country
  106. Brazil, 2021-2031F (USD Million)
  107. Argentina, 2021-2031F (USD Million)
  108. Mexico, 2021-2031F (USD Million)
  109. Rest of Latin America, 2021-2031F (USD Million)
  110. Middle East & Africa Advanced Therapy Medicinal Products Market Outlook
  111. By Product
  112. By Disease
  113. By End User
  114. By Country
  115. GCC, 2021-2031F (USD Million)
  116. Israel, 2021-2031F (USD Million)
  117. South Africa, 2021-2031F (USD Million)
  118. Rest of Middle East & Africa, 2021-2031F (USD Million)

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Inflation and Looming Recession to Haunt Businesses:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

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Introduction to Proppant

A proppant is a type of solid material which is typically sand or ceramic and is used to keep the hydraulic fractures open in the oil & gas applications. Proppant is mixed with a fracking fluid which differs according to its application during fracture creation. The form of proppant which is being used may be gel, foam or slick water. The strength of proppant increases with the increase in density of the mixture which also indicates higher viscosity accompanied by high flow rates. The rising underground excavation processes for oil and gas drilling uses the proppant owing to its high strength, conductivity and resistance to load.

Market Size and Forecast

The market is estimated to witness a significant growth on the back of extensive applications of the proppant in petroleum extraction. Additionally, these proppants support the hydraulic fractures with high efficiency and thus with rising oil production, proppant market is estimated to witness a high growth during the forecast period.  According to BP Stats, the oil production showcased an upliftment from 2017 to 2018 in North America from 20157 to 22587 thousand barrels/day and Middle East from 31497 to 31762 thousand barrels/day is anticipated to facilitate the demand for proppant market during the forecast period. 

Oil Production market Graph

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The proppant market is anticipated to record a CAGR of around 9% over the forecast period i.e. 2019-2027. The market is segmented by application into shale gas, tight gas, coal-bed methane, and others, among which, the shale gas segment is anticipated to observe the fastest growth over the forecast period on the back of growing natural gas excavation activities. The proppant market, by product-type is segmented into sand, resin coated, and ceramic, among which sand is expected to project high growth in the market during the forecast period on account of easy availability and low cost.

Growth Drivers

Application in Shale Gas Extraction

Proppants are widely used in hydraulically fractured wells for the extraction of shale gas. The rising demand for natural gas in different sectors as a fuel is expected to foster the growth of proppant market. Additionally, the rising demand for shale gas in US is propagating the extraction process which is anticipated to foster the growth of proppant market in North America during the forecast period. Moreover, the oil producing countries in UAE such as Abu Dhabi is driving the market for proppant market at a high pace.  For instance, Abu Dhabi National Oil Company has stepped up to install the hydraulic fracturing technology in 2018, for exploring shale gas onshore by fracking, is expected to project high demand for proppant in the Middle East region.

Increasing Number of Petroleum Excavation Activities

Proppants are generally used in extraction of crude oil in newly drilled and matured wells which is anticipated to foster the market growth at a fast pace. The countries which undertake more number of oil & gas drilling activities incur huge demand for proppant in the market. Additionally, the rising demand for oil and gas at global level as a source of energy is anticipated to propel the growth of the market at a substantial pace during the forecast period.

Oil Production market Graph
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Environmental and Health Concerns

Proppant used in drilling and hydraulic fractures are known to have harmful environmental impact, which in turn affects human health.  On account of increasing underground oil & gas exploration activities, the number of hydraulic fractures have also increased, which has resulted in ground water contamination. This factor is projected to negatively impact the market growth.

Market Segmentation

Our-in depth analysis of the Proppants market includes the following segments:

By Product Type

  • Sand
  • Resin Coated
  • Ceramic

By Application

  • Shale Gas
  • Tight Gas
  • Coal Bed Methane
  • Others

By Region

On the basis of region, the proppant market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The proppant market in North America region is anticipated to witness a noteworthy growth over the forecast period. This can be attributed to rise in number of oil and gas extraction along with numerous excavation activities carried in the countries of this region.

Asia Pacific market is also expected to show a considerable growth owing to the increase in hydraulic fracturing projects in the countries such as China and India. Additionally, Middle East is also expected to witness a prominent growth in the proppant market owing to the Abu Dhabi’s Supreme Petroleum Council’s announcement for new discoveries of gas for about 15 trillion standard cubic feet. This has added UAE’s total gas reserves by 7%.

Europe is also expected to observe substantial growth in this market on the back of growing economies such as Poland, Belarus, Russia and others coupled with oil requirements in forms of energy during the coming years.

The proppant market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

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Top Featured Companies Dominating the Market

    • Hi-Crush Partners LP
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Superior Silica Sands LLC
    • Fairmount Santrol Holdings Inc.
    • Minerao Curimbaba Ltd.
    • Fores Ltd.
    • JSC Borovichi Refractories Plant
    • S. Silica Holdings Inc.
    • Saint-Gobain Proppant Inc.
    • Carbo Ceramics Inc.
    • Badger Mining Corporation.

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