Global Frac Sand Market Size Will Reach $10.68 Billion in 2024

Global Frac Sand Market Overview

According to Global Market Monitor, the global frac sandmarket size will reach $10.68 billion in 2024 with a CAGR of 10.54% from 2024 to 2029.

Frac sand is a high-purity quartz sand with very durable and round grains. It is a crush-resistant material produced for use by the petroleum industry. Most frac sand is a natural material made from high-purity sandstone. An alternative product is ceramic beads made from sintered bauxite or small metal beads made from aluminum.

Frac Sand Market Drivers

The increase in oil and gas extraction activities and the exploration industry are the major factors driving the growth of the North American frac sand market. With the increase in oil and gas exploration activity in North America, the demand for fracturing sand is also growing strongly. In countries such as the United States, the consumption of fine-fracked raw sand has increased due to technological advances and increased demand for petroleum products.

Ongoing technological advancements and efficiency improvements in the extraction of oil and gas have contributed significantly to the market's dynamics. Innovations in fracking techniques, such as horizontal drilling and multi-stage hydraulic fracturing, have led to increased sand consumption per well. The demand for finer, high-quality frac sand has risen as operators seek to enhance well productivity and maximize hydrocarbon recovery. This evolution in technology has created a shift towards the use of resin-coated sand and other specialized proppants, further influencing market trends. Moreover, the integration of digital monitoring and automation systems in fracking operations has improved precision and reduced downtime, boosting overall efficiency.

Market Recent Development

In 2023, U.S. Silica Holdings, Inc., a prominent manufacturer of top-tier proppant sand, unveiled a substantial augmentation of its activities within the Permian Basin. This expansion encompasses the establishment of a fresh frac sand processing facility situated in Andrews County, Texas, as well as the augmentation of railway infrastructure at the prevailing Kermit facility. The anticipated launch date for the new processing facility is early 2024, with an annual production capacity of 2 million tons. Furthermore, the enhancement of rail infrastructure at the Kermit location will raise its yearly capacity by an additional 1 million tons.

In Jan 2024, Battle & Sands Energy Corp. acquired the property in Northern Bee County for frac sand mining and processing, investing over $10 million and creating 200 jobs.

In Feb 2024, Atlas Energy Solutions announced its decision to acquire Hi-Crush's Permian Basin proppant assets and logistics operations for $450 million and become the largest frac sand producer in the U.S.

Company Name	U.S Silica
Website	www.ussilica.com
Established Time	1968
Plants Distribution	USA
Sales Region	Mainly in USA
Business Overview	U.S. Silica is a leading silica sand supplier with a focus on performance materials that are essential to modern living.