Latest News- Frac Sand Market: Oil exploration is expected to lead the Method segment during 2025-2029

The Frac Sand Market is being driven by Abundance of unconventional oil and gas resources

The Frac Sand Market is expected to grow at a CAGR of 10.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5338.5 million. The global frac sand market is poised for substantial expansion, driven by the robust growth of the oil and gas and petrochemical industries. According to the US Energy Information Administration (EIA), global consumption of petroleum and other liquid fuels reached an impressive 103 mbpd in 2024, with projections to surge to approximately 104 mbpd. This increasing energy demand, fueled by a growing global population, will significantly boost the frac sand market during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Method
  • Oil exploration
  • Natural gas exploration
• Type
  • White frac
  • Brown frac
• Application
  • Hydraulic fracturing
  • Foundry casting
  • Abrasive blasting
  • Glass manufacturing
  • Others
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Abundance of unconventional oil and gas resources
• Growing demand for fine mesh raw frac sand
• Innovation at frac sites to reduce wastage

However, the market also witnesses some limitations, which are as follows:

• Increasing dependency on renewable energy sources
• Environmental concerns associated with hydraulic fracturing process
• Fluctuation in global crude oil prices

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Market Scope in Frac Sand Market Research Report

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Research Analysis Overview

The Petroleum Industry's reliance on Hydraulic Fracturing (fracking) in extracting Shale Oil and Gas has led to a significant demand for high-purity Quartz Sand, also known as Frac Sand. This Mining sector product is essential as a Proppant material in Hydraulic Fracturing operations, enhancing the flow of Oil and Gas from tight Shale Formations. Emerge Energy Services and other Oil Field Services companies supply this High-quality Sand, which is also used in Fracturing Fluid. The Sand Mining process involves Sand Logistics and Sand Processing to ensure the Regional Supply of Frac Sand meets the increasing demands of the Oil and Gas Exploration and Production sector. Despite concerns over potential health risks, such as Lung Cancer, the use of Silica Sand in Fracking continues due to the Unconventional Resources' importance in Oil Consumption.

Market Research Overview

The Appalachian region and the Bakken Formation in North America are significant contributors to the global specialty chemicals market, particularly in the frac sand industry. Companies like Badger Mining Corporation are key players, supplying high-value-added chemicals essential to drilling processes in these areas. The market's expansion is driven by the increasing demand for domestic brands and advanced technologies, such as Artificial Intelligence (AI), which enhance the production and application of specialty chemicals in manufacturing sectors. The shift towards specialty adhesives and sealants is a significant growth factor, as these materials are increasingly utilized in various industries due to their superior performance and durability.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/