North America Proppants Market Summary, Competitive Analysis and Forecast to 2027

North America Proppants Market Summary, Competitive Analysis and Forecast to 2027
Summary

Proppants in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key HighlightsProppants are solid materials, mostly sand, treated sand, or man-made ceramic materials used in hydraulic fracturing, a method used to extract oil and gas from deep underground sedimentary rock formations. Proppants prevent the opened fractures from closing on the release of pressure. These proppants are used to keep the artificially created hydraulic fractures open after the injection process to continue and enhance the extraction of oil and gas.The North American proppants market had total revenues of $11.3 billion in 2022, representing a compound annual growth rate (CAGR) of 1.7% between 2017 and 2022.Market consumption volume increased with a CAGR of 0.9% between 2017 and 2022, to reach a total of 72,539.1 Kilotons in 2022.The growth of the North American proppants market is attributed to the presence of enormous extraction projects for shale gas in countries such as the US and Canada. According to the US Energy Information Administration (EIA), in 2021, shale gas production in the US reached 28 billion cubic feet as compared to 26.1 billion cubic feet in 2020.ScopeSave time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the proppants market in North AmericaUse the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the proppants market in North AmericaLeading company profiles reveal details of key proppants market players’ global operations and financial performanceAdd weight to presentations and pitches by understanding the future growth prospects of the North America proppants market with five year forecastsReasons to BuyWhat was the size of the North America proppants market by value in 2022?What will be the size of the North America proppants market in 2027?What factors are affecting the strength of competition in the North America proppants market?How has the market performed over the last five years?What are the main segments that make up North America's proppants market?