Global Proppants Market Size & Outlook, 2023-2030
The global proppants market size was estimated at USD 9,123.4 million in 2023 and is projected to reach USD 15,617.7 million by 2030, growing at a CAGR of 8% 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 Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Badger Mining Corporation | View profile | 251-500 | Berlin, Wisconsin, United States, North America | http://badgerminingcorp.com |
| Emerge Energy Services | View profile | 251-500 | Southlake, Texas, United States, North America | http://emergelp.com/emerge/ |
| Fairmount Santrol | View profile | 5001-10000 | Chesterland, Ohio, United States, North America | http://fairmountsantrol.com/ |
| CARBO Ceramics | View profile | 501-1000 | Houston, Texas, United States, North America | http://carboceramics.com |
| Saint-Gobain | View profile | 10001+ | La Défense, Ile-de-France, France, Europe | http://www.saint-gobain.com |
| Hexion | View profile | 10001+ | Columbus, Ohio, United States, North America | http://www.hexion.com |
Global proppants market size, by regions, 2018-2030 (US$M)
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