Global Frac Sand Market is Growing at a CAGR of 15.20% in 2026
Posted by nileshdbmr on September 27th, 2019
Global frac sand market is expected to rise to an estimated value of USD 8931.41 million by 2026, registering a healthy CAGR of 15.20% in the forecast period of 2019-2026. This rise in market value can be attributed to the rising oil and gas exploration activities, the growing adoption of hydraulic fracturing techniques and cost-effectiveness over other proppants.
Frac sand is naturally occurring high purity quartz sand that has been processed from pure and organic sandstone. It is highly durable, strong and a crush resistant material that is adopted for oil exploitation and natural gas exploration. It is used as a proppant in the process of hydraulic fracturing process to extract out petroleum fluids such as natural gas, oil and other related petroleum products from pore spaces into the well.
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Competitive Analysis: Global Frac Sand Market
Global frac sand market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of frac sand market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Frac Sand Market
Few of the major competitors currently working in the frac sand market are Emerge Energy Services., Hi-Crush Inc., U.S. SILICA., Chieftain Sand, Inc., Di-Corp, LaPrairie Group of Companies, Sibelco, Source Energy Services, Victory Nickel Inc., Vista Proppants and Logistics, Chongqing Changjiang Bearing Co., Ltd., CARBO Ceramics Inc., Fairmount Santrol, SmartSand, Inc., Badger Mining Corporation, Preferred Sand, Permian Frac Sand LLC, Superior Silica Sands, Atlas Sand Company, LLC, Liberty Materials Inc, Sierra Frac Sand, LLC, amongst others.
Segmentation: Global Frac Sand Market
Key Insights in the report:
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About the Authornileshdbmr
Joined: September 27th, 2019
Articles Posted: 235
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