Frac Sand Market Size to Grow by $ 1.59 bn During 2021-2025

Technavio has been monitoring the frac sand market and it is expected to grow by $ 1.59 bn, accelerating at a CAGR of almost 4% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Frac Sand Market: North America to lead market growth during the forecast period

• 61% of the market growth will originate from North America during the forecast period.
• The growing acceptance of horizontal drilling and hydraulic fracturing techniques is also increasing the consumption of frac sand, as it is used as a mineral in these techniques to extract shale oil and natural gas.
• Rising demand for fine mesh raw frac sand will fuel market growth. Fine mesh raw frac sand is a proppant used for extracting oil and natural gas and enhancing its flow. Fine mesh raw frac sand is cost-effective than other proppants such as resin-coated sand and manufactured ceramics, which results in its high adoption among the oil and gas sector.

Frac Sand Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Badger Mining Corp., CARBO Ceramics Inc., Covia Holdings Corp., Emerge Energy Services LP, Hi Crush Inc., Sibelco Group, Sierra Frac Sand LLC, SmartSand Inc., Source Energy Services Ltd., and US Silica Holdings Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Frac Sand Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive frac sand market growth during the next five years
• Precise estimation of the frac sand market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the frac sand market industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of frac sand market vendors