GCC Frac Sand Market

GCC Frac Sand Market Overview:

The GCC frac sand market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Frac sand is a naturally found crystalline silica extracted from pure sandstone. It is a unique variety of quartz sand that is highly durable and is a crush-resistant material. The sand is added to a mixture of water and chemicals, which is further injected into the shale, thus creating small fractures in the rock that allow the oil and gas to escape. Oil and gas companies widely use it as a proppant in hydraulic fracturing to release petroleum, natural gas, and other materials through drilling rock or land with a pressurized mixture. It is natural, uniform, and round and has a small grain size. Frac sand is commonly sourced from mines and processed to meet the specific size and shape requirements for usage in fracking operations. It holds an advantage over other variants of sand due to its different minerals and rock types, which are less durable than quartz. It delivers the highest level of performance when compared to its alternatives, such as ceramic and aluminum beads and sintered bauxite. As a result, frac sand is highly preferred by the petroleum industry.

The market in GCC is primarily driven by the increasing oil and gas extraction activities. In line with this, significant growth in the oil and gas industry is positively influencing the frac sand market. Furthermore, the discovery of new shale reserves and the escalating demand for petroleum-based products are favoring the market growth. Apart from this, rapid technological advancements in oil and natural gas extractions are fueling the market. Moreover, hydraulic fracturing of methane hydrate is offering lucrative growth opportunities in the frac sand market. Besides, various unconventional methods, such as shale fracturing, are mainly being adopted to extract oil and gas more effectively, thereby propelling the market as frac sand is an essential part of the hydraulic fracturing process. Additionally, numerous manufacturers are constantly involved in research and development (R&D) activities to introduce efficient and high-quality frac sand, which is anticipated to create a positive outlook for the market. Some of the other factors contributing to the market include the widespread adoption of automation to improve the production process of frac sand and several mergers and acquisitions (M&A) of key players in the GCC region.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC frac sand market and can also impact its future growth. Taking 2022 as the base year, the report covers historical market scenario from 2017-2022 and provides forecasts till 2028. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC frac sand market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC frac sand market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC frac sand industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC frac sand industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC frac sand  industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC frac sand industry. Furthermore, the value chain analysis of the GCC frac sand industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Frac Sand Market Segment Insights:

The GCC frac sand market has been analysed as followed:

By Type:

• White Sand
• Brown Sand
• Others

By Application:

• Oil Exploitation
• Natural Gas Exploration
• Others

By Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Frac Sand Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC frac sand market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs