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Frac Sand Market is Expected to Grow at a CAGR of 14.7%, will Reach 6730 million US$ in 2024

Frac sand (or fracking sand) refers to sand and similar small materials that are used during the process of hydraulic fracturing, a method for extracting underground Natural Gas Exploration from shale gas formations. Fracking sand is a “proppant.” A proppant is a material used to “prop” open the underground cracks from which Natural Gas Exploration is harvested during the fracturing process. These gases include petroleum fluids such as oil, Natural Gas Exploration, and Natural Gas Exploration liquids from rock units (that don’t have enough pore space allowing fluids to flow to a well).

Key players in details:

U.S Silica, Fairmount Santrol, Preferred Sands, Badger Mining Corporation, Unimin Corporation, Chieftain Sand, Emerge Energy Services LP, Carbo Ceramics, Hi-Crush Partners LP, Smart Sand Inc., Chongqing Changjiang and Others.

The worldwide market for Frac Sand is expected to grow at a CAGR of roughly 14.7% over the next five years, will reach 6730 million US$ in 2024, from 2960 million US$ in 2019, according to recent research.

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Market is segmented on the basis Type, Application and Region:

Global Frac Sand Market segment by type: Northern White Sand, Brown (Brady) Sand, Other.

Global Frac Sand Market Segment by Applications: Oil Exploitation, Natural Gas Exploration.

Scope of the Report:

U.S Silica, Fairmount Santrol and Hi-Crush Partners LP are the market leader and they occupied about 45.31% of the whole market. The Frac Sand market is consolidated in nature. Various players are adopting competitive strategies such as collaborations, acquisitions and capitalizing untapped opportunities in the United States, to sustain and gain market penetration. Some key players of this market include Preferred Sands, Badger Mining Corporation, Unimin Corporation, Chieftain Sand, Emerge Energy Services LP, Carbo Ceramics, Hi-Crush Partners LP, Smart Sand Inc.

The demand for frac sand has risen dramatically in recent years as an increasing number of oil and natural gas wells use the hydraulic fracturing process. A single well using hydraulic fracturing can use a few thousand tons of frac sand. The surge of specialized drilling has created a billion dollar frac sand industry in just a few years.

The local enterprises occupied mostly of the market share. And due to the increase in downstream demand, the price of frac sand may keep fluctuating along with oil and gas prices growth trend.

Although sales of Frac Sand brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support do not to enter into the field. Many new entrants to the raw frac sand market compete on an FOB plant basis and lack comparable transportation infrastructure to meet customer demands in-basin.

Frac Sand market report comprises key factor which can be useful for any new player in the industry. It is possible due to comparative analysis and overview that is provided in the report. By focusing on all the details in the report, it is more than enough for any newcomers entering the industry so that they can get a better knowledge and study the market before making any strategic decision.

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Geographically, this report is segmented into several key Regions, with Sales, Sales, revenue, Market Share (%) and Growth Rate (%) of product in these regions, from 2017 to 2024 (forecast), covering United States, North America (Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa), RoW (Rest of World).

There are 15 Chapters to deeply display the global Frac Sand market:

Chapter 1, to describe Frac Sand Market Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Frac Sand, with sales, revenue, and price of Frac Sand Market, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Frac Sand, for each region, from 2013 to 2019;

Chapter 5, 6, 7, 8 and 9, to analyze the Frac Sand Market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;

Chapter 12, Frac Sand market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024;

Chapter 13, 14 and 15, to describe Frac Sand Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

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