In-Depth Saudi Arabia Proppants Market Analysis: Growth Trends, Size, and Demand from 2024 to 2030

Markntel Advisors’ report, Saudi Arabia Proppants Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Saudi Arabia Proppants presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Saudi Arabia Proppants Market Industry Research Report Market Summary:

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.

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Saudi Arabia Proppants Market Dynamics:

Key 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 Analysis:

According to MarkNtel study the market is segmented 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)

Shale gas exploration and production in Saudi Arabia have gained significant traction in recent years due to the country's vast shale gas reserves and the increasing demand for natural gas as a cleaner alternative to traditional fossil fuels. As the Saudi government seeks to diversify its energy sources and reduce reliance on oil exports, shale gas has emerged as a key focus area for development, which is anticipated to present a great growth opportunity for the market during 2024-2030.

By Region

North
East
West
South

As indicated in the latest market research report published by Markntel Advisors, “Saudi Arabia Proppants Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Saudi Arabia Proppants. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

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

Top Companies Operating in the Saudi Arabia Proppants Market:

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

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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Key Report Highlights:

Market Dimensions Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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