Market Overview:
The Europe frac sand market size reached US$ 1,911.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 3,599.9 Million by 2032, exhibiting a growth rate (CAGR) of 7.07% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 1,911.0 Million |
Market Forecast in 2032
|
US$ 3,599.9 Million |
Market Growth Rate 2024-2032 |
7.07% |
Frac sand is high-quality pure quartz processed from sandstone and is used during the process of hydraulic fracturing. An industrial mixture that includes water, frac sand, and chemical additives is used for opening underground cracks while fracturing the shale to obtain petroleum fluids like oil, natural gas, and natural gas liquids. The high-pressure water stream helps the small perforations present on the surface to become larger fractures. Frac sand is also employed to hold open the fractures to avoid interruption of the process of natural gas and oil derivation.
The Europe frac sand market is primarily driven by the growing number of unconventional and economical oil and gas discoveries, particularly across countries such as France and Russia. Moreover, frac sand can withstand extreme weather conditions while offering reliability and performance, due to which it is widely utilized in hydraulic fracturing for oil and gas reserves across the continent. Apart from this, the number of fracturing activities pertaining to tight or shale oil reserves is expected to grow over the next ten years, which, in turn, is acting as a major growth-inducing factor. Furthermore, extensive research and development (R&D) activities undertaken by manufacturers to introduce efficient and high-quality frac sand are contributing to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe frac sand market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type and application.
Breakup by Type:
- White Sand
- Brown Sand
- Others
Breakup by Application:
- Oil Exploitation
- Natural Gas Exploration
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Scope of the Report
|
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
Types Covered |
White Sand, Brown Sand, Others |
Applications Covered |
Oil Exploitation, Natural Gas Exploration, Others |
Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Europe frac sand market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe frac sand market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe frac sand market and who are the key players?
- What is the degree of competition in the industry?