Technavio has been monitoring the global frac sand market size and it is poised to grow by USD 4.27 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Frac Sand Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
Based on segmentation by type, which is the leading segment in the market?
White sand is the leading segment in the market based on type.
What are the major trends in the market?
The abundance of unconventional oil and gas resources is a key market trend.
At what rate is the market projected to grow?
The market is expected to grow at a CAGR of almost 10% during the forecast period.
Who are the top players in the market?
Badger Mining Corp., CARBO Ceramics Inc., Covia Holdings Corp., Emerge Energy Services LP, Hi-Crush Partners LP, SCR-Sibelco NV, Sierra Frac Sand LLC, Smart Sand Inc., Source Energy Services Ltd., and U.S. Silica Holdings Inc. are some of the major market participants.
What are the key market drivers and challenges?
The increasing demand for fine mesh raw frac sand will offer immense growth opportunities.
How big is the North America market?
The market in North America is expected to grow by 67% during the forecast period.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Badger Mining Corp., CARBO Ceramics Inc., Covia Holdings Corp., Emerge Energy Services LP, Hi-Crush Partners LP, SCR-Sibelco NV, Sierra Frac Sand LLC, Smart Sand Inc., Source Energy Services Ltd., and U.S. Silica Holdings Inc. are some of the major market participants. The increasing demand for fine mesh raw frac sand will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Frac Sand Market 2020-2024: Segmentation
Frac Sand Market is segmented as below:
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Frac Sand Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The frac sand market report covers the following areas:
Frac Sand Market Size
Frac Sand Market Trends
Frac Sand Market Industry Analysis
This study identifies the abundance of unconventional oil and gas resources as one of the prime reasons driving the Frac Sand Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Frac Sand Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist frac sand market growth during the next five years
Estimation of the frac sand market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the frac sand market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of frac sand market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type placement
White sand - Market size and forecast 2019-2024
Brown sand - Market size and forecast 2019-2024
Market opportunity by Type
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
Badger Mining Corp.
CARBO Ceramics, Inc.
Covia Holdings Corp.
Emerge Energy Services LP
Hi-Crush Partners LP
Sierra Frac Sand LLC
Smart Sand, Inc.
Source Energy Services Ltd.
U.S. Silica Holdings Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201015005685/en/