Synthetic Proppants Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Synthetic Proppants Market Outlook - 2027

Synthetic proppant is a solid material, which is used to keep the hydraulic fracture open during treatment. Hydraulic fracture performs a major function in the gas process. Chemicals, injecting sans, and water are introduced into a well under the process. Hydraulic fracturing methods lead to the development of the proppants. Various types of proppants are available in the market, however, synthetic proppants provide enhanced performance under high-pressure conditions.

The synthetic proppants market is segmented depending on various characteristics. By product type, the market is categorized into ceramics, aluminum beads, and wintered bauxite. Ceramic proppants are produced from kaolin clay, which is furthers intered to reduce the content of the water and increase density. In addition, synthetic proppants exhibit high gravity and viscosity in fracking fluid. 

The applications covered in the study include shale gas, tight gas, cold bed methane, and others. Synthetic proppants are used widely in oil &gas resources. An increase in oil well activities to meet the sustainable demand of the oil is expected to augment the growth of the market during the forecast period. 

Region wise, North America is anticipated to be the largest market of synthetic proppants. Other emerging economies in Asia Pacific and Europe are likely to contribute toward increased demand for synthetic proppants.

COVID-19 scenario analysis

• Rise in oil price due to the outbreak of the COVID-19 pandemic, led to stiff competition for synthetic proppanants. In addition, easy availability of alternatives, such as inexpensive silica (frac) sand may negatively impact the market demand.
• As the oil price is rising, the extraction of hydrocarbon becomes more expensive, which lead to temporary shutdown of manufacturing facilities.
• However, for long term, frac sand proppant loading may not be a suitable choice, as high-pressure, high-temperature wells are not suited for using frac sand. This may positively impact the demand for synthetic proppanants.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:

The large-scale demand for synthetic proppants products such as shale gas and frac sand due to their low price is the major driver of the global market. Proppants play a crucial role in the extraction process by keeping the supply of natural gases and oil unhindered. Furthermore, synthetic proppants have witnessed high demand in the transportation and power generation industries. It is further expected to witness high demand for frac sand for the fracking process during the forecast period. Ceramic synthetic proppants exhibit high-pressure and high-temperature resistance property, thus are used widely in transports. The major trend of the synthetic proppants market is the incorporation of eco-friendly processes in oil wells, whereas the restraint of the market includes reduction in operating expenses.

Key market players

The major players operating in the global synthetic proppants are Badger Mining Corporation, Momentive Performance Materials, Unimin Corporation Compagine De Saint-Gobin S.A., Fores, Carde, and Hi-Crush LP Partners. Expansions, acquisitions, partnerships, and new product developments are the key strategies adopted by these market players to expand their business in potential markets. In addition, they are focusing on strategies such as organic and inorganic growth developments, including contracts and investments.

Key benefits of the report 

• This study presents the analytical depiction of the global synthetic proppants market along with the current trends and market estimation to determine the imminent investment pockets
• The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the global synthetic proppants market share
• The current market is quantitatively analyzed to highlight the synthetic proppants market growth scenario
• The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years
• This report helps users in comprehending the key product segments and their future

Questions answered in the global synthetic proppants market research report:

• Which are the leading players active in the global synthetic proppants market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What should be the response of the synthetic proppants market players amid the COVID-19 pandemic?
• What are the projections for the future that would help in taking further strategic steps?
• What is the outlook of the industry?
• What are the emerging key segments in the synthetic proppants market?
• What are the major changes and assessments in synthetic proppants market dynamics?

 Synthetic Proppants Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights