Saudi Arabia Proppants Market Insights: Opportunities, Trends, Demand, Growth Outlook [2024-2030]

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 How Big is the Saudi Arabia Proppants Market?

The Saudi Arabia Proppants Market size is estimated to grow at a CAGR of around 6.12% during the forecast period, i.e., 2024-30. The presence of huge oil & gas reserves in the country, along with the discovery of new oil & gas wells, would push the requirement for proppants during the forecast period. According to the Organization of Petroleum Exporting Countries (OPEC), in 2022, Saudi Arabia consisted of around 17% of the world’s proven petroleum reserves, including 267,192 million barrels of crude oil reserves. Hence, the demand for proppants is estimated to rise considerably in Saudi Arabia with the development of the oil & gas industry during 2024-2030.

Market Statistics

  • Market Growth Rate (CAGR): 6.12% from 2024-2030

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Saudi Arabia Proppants Market Insight:

Driver-

Increasing Exploration of Shale Gas to Enhance Market Growth – During the historical years, Saudi Arabia, traditionally reliant on conventional oil reserves, is now seeking to diversify its energy sources. Exploring shale gas reserves offers an opportunity to supplement its energy portfolio with a domestically sourced alternative to conventional oil and gas. Shale gas extraction relies heavily on hydraulic fracturing, also known as fracking. This process involves injecting a mixture of water, sand (proppants), and chemicals into shale formations at high pressure to create fractures and release trapped gas. For instance,

  • In 2021, Saudi Aramco’s awarded a contract worth USD 10 billion for its giant Jafurah project finally fired the starting gun to develop what is thought to be the world’s biggest shale gas field, and the Kingdom is estimated to be sitting on the fifth largest shale gas reserves in the world.

Hence, the successful exploration and production of shale gas require significant infrastructure development, including drilling rigs, well pads, water supply systems, and transportation networks. The establishment of such infrastructure drives demand for proppants and other materials and services related to oil and gas operations. As shale gas exploration advances in Saudi Arabia, the demand for proppants is expected to increase to support fracking operations in the forthcoming years.

 Saudi Arabia Proppants Market Segmentation:

The report has segmented the market into the following categories:

By Type

  • Ceramic- Market Size & Forecast 2019-2030F, (Kilo Tons)
  • Resin Coated- Market Size & Forecast 2019-2030F, (Kilo Tons)
  • Frac Sand- Market Size & Forecast 2019-2030F, (Kilo Tons)

The Frac Sand segment holds a major market share and is expected to attain the highest growth rate in the Saudi Arabia Proppants Market during the forecast period, owing to the increasing local production of frac sand for the fracking of shale gas. The abundance of natural resources presents a cost advantage for frac sand production compared to other types of proppants, such as ceramics or resin-coated sands, which often need to be imported at higher costs in Saudi Arabia.

By Application

  • Shale Gas- Market Size & Forecast 2019-2030F, (Kilo Tons)
  • Coal-bed Methane- Market Size & Forecast 2019-2030F, (Kilo Tons)
  • Tight Gas- Market Size & Forecast 2019-2030F, (Kilo Tons)
  • Others- Market Size & Forecast 2019-2030F, (Kilo Tons)

By Region

  • North
  • East
  • West
  • South
  • Central

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/saudi-arabia-proppants-market.html

Competitive Landscape:

  • Badger Mining Corp.
  • Baker Hughes Inc.
  • Carbo Ceramics Inc.
  • Hexion Inc.
  • Saint-Gobain Proppants Inc.
  • Sibelco Group
  • Schlumberger Limited
  • Halliburton Corporation
  • Delmon Group

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

  • Market Performance (2024-2030)
  • Strategic Recommendations
  • Current, Historical and Future Market Trends
  • Market Drivers and Leading Competitor
  • SWOT Analysis
  • Structure of the Market
  • Comprehensive Mapping and Recent Advancement

Other Report:

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