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Apr 19, 2024
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Silica Sand Market size was valued at USD 24.49 Bn. in 2023 and the total Silica Sand Market revenue is expected to grow at 6.5 % from 2024 to 2030, reaching nearly USD 38.06 Bn.
Silica Sand Market Overview:
The Silica Sand Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Silica Sand Market, as well as the causes for variances in the industry’s growth in various places.
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Silica Sand Market Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Silica Sand Market Drivers:
One of the main uses for silica sand is the production of glass, and the market for this material has grown as a result of the growth of the glass industry and growing demand for flat and container glasses. The basic ingredient in all types of standard and speciality glass manufacture is silica sand because it offers the necessary Silicon Dioxide (SiO2) needed for glass formulation. Silica makes up more than 70.05 % of the final weight of glass, despite the fact that the manufacture of glass requires a wide range of other materials. The main factor affecting the colour, clarity, and strength of the glass created is its chemical purity.
One of the main producers of silica sand, VRX Silica, expected that the demand for washed silica sand would rise as soon as the glass production in APAC is likely to rise by 7%-8.5%. Additionally, it is expected that the global pharmaceutical industry would experience a growth in demand for glass vials, which will result in a major increase in the need for silica sand for use in glass manufacture.
The main structural element in a wide range of building and construction materials is silica sand. In flooring compounds, mortars, speciality cements, stucco, roofing shingles, skid-resistant surfaces, and asphalt mixtures, silica sand serves as a binding agent. Additionally, ground silica improves the strength, anti-corrosion, and weathering qualities of epoxy-based materials such as sealants and caulks.
The major growth of smart city efforts in nations like India, the US, and others is expected to increase demand for silica sand. A $778.5 million investment in the building of Kanpur, India's metro rail project was announced by an EU bank in august 2020. Business growth is also expected to be boosted by the construction of the ASVEL arena in France, the Grand Paris Express, the Tour Triangle, and the rail bypass between Nîmes and Montpellier. A considerable amount of money is also being invested in residential construction in the United States, and this trend is expected to continue during the forecast period.
Silica Sand Market Segmentation:
by Purity
94% to 95.9%
96% to 97.9%
98% to 98.9%
by Silica Sand Type
Wet Sand
Dry Sand
Frac Sand
Filter Sand
Coated Sand
Others
by Value-Added Products
Polysilicon
Silica Gel
Silica Fume
Silicon Metal
Specialty Glass
Silane Gas
Others
by End Use Industry
Glass Manufacturing
Foundry
Chemical Production
Construction
Paints and Coatings
Ceramics and Refractories
Filtration
Oil and Gas
Other
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Silica Sand Market Key Players: The key players are
1. Badger Mining Corporation (US)
2. Covia Holdings LLC (US)
3. Euroquarz GmbH (Germany)
4. JFE MINERAL Co. Ltd (Japan)
5. Mitsubishi Corporation (Japan)
6. PUM GROUP (Malaysia)
7. Sibelco (Belgium)
8. Sunstate Sand Bundaberg Pvt. Ltd. (Australia)
9. TOCHU CORPORATION (Japan)
10. VRX Silica Limited (Australia)
11. Australian Silica Quartz Group Ltd (Australia)
12. Adwan Chemical Industries Company (Saudi Arabia)
13. Tremco Incorporated (US)
14. Smart Sand, Inc (US)
15. Preferred Sands (US)
16. Pattison Sand (US)
17. Aggregate Industries (UK)
18. BROGÅRDSAND AB (Sweden)
19. Kaolin AD (BULGARIA)
Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Silica Sand Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Silica Sand Market Report are:
Which sub-segment had the largest share in the Silica Sand Market?
How is the competitive landscape of the Silica Sand Market in 2023?
Which are the key drivers impacting the Silica Sand Market growth?
Which region holds the maximum share in the Silica Sand Market?
What will be the CAGR of the Silica Sand Market during the forecast period (2023-2029)?
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