The global proppants market is valued at USD 9.93 billion in 2024, driven by growing hydraulic fracturing demand in unconventional oil and gas plays and rising proppant intensity per well as completions become deeper and more complex. North America leads the proppants market with premium frac sand, resin-coated, and ceramic proppants, commanding higher average selling prices due to logistics efficiency, technical specifications, and integrated oilfield services. In contrast, regions such as China, CIS, and the Middle East focus on cost-effective ceramic proppants and local sand supplies. Feedstock mining, sintering energy costs, coatings, and logistics account for 60–75% of delivered costs depending on basin proximity and treatment level. Regional trends show growing adoption of high-strength engineered proppants, particularly in North American and Middle Eastern shale plays, supporting enhanced well productivity.
Proppants overview
Published by MMR Statistics Research Team, Updated