Latin America Silica Sand Market Report and Forecast 2022-2027

Latin America Silica Sand Market Report and Forecast 2022-2027

Market Outlook

According to the report by Expert Market Research (EMR), the Latin America silica sand market attained a volume of about 7373.3 KMT in 2021. Aided by the rising demand for glass across the emerging economies of the region, the market is projected to further grow at a CAGR of 2.3% between 2022 and 2027 to reach a volume of around 8451.2 KMT by 2027.

Silica sand, also referred to as quartz sand, is a type of white sand which is made up of silica and oxygen. It is hard and chemically stable in nature and is present in different shades of whites. Silica sand might differ in terms of structure, properties, shape, and distribution. This product is versatile and is widely applied across industrial and commercial sectors across the continent, which is driving the Latin America silica sand market growth.

The growing expansion of the glass industry across the emerging economies of the continent, including Mexico, is further bolstering the demand for silica sand. The increasing demand for glass in pharmaceutical, food, and perfume industry across the region, is leading to increased application of silica sand, which in turn, is adding to the market growth. Popularity of beverages such as tequila across Mexico is likely to be a major driving factor of glass sector, which is likely to generate further demand for silica sand.

Silica sand is also crucial in the foundry casting process, which deals with the manufacturing of metals such as iron, steel, and aluminium, among others. In this regard, the rising demand for foundry owing to the flourishing automotive sector in Brazil is another major factor driving the growth of the Latin America silica sand market.

On top of it, the strong foothold of major foundry companies in Brazil is likely to boost the deployment of foundry castings made of iron, aluminium, and copper, among others.

Silica sand is integral in the construction industry as it is used in the manufacturing of construction materials. Therefore, the rapid urbanisation and rising investments in infrastructure development projects in the developing nations are some of the major factors generating solid demand for silica sand in the region.

Over the forecast period, the anticipated increase in the deployment of silica sand in commercial construction projects is likely to augment the structural integrity and durability of the structure is likely to accelerate the Latin America silica sand market growth.

The increasing dearth of water across Mexico is a key factor which is compelling the authorities of the nation to develop water treatment plants and rehabilitation of lakes. The rising investments in the water treatment projects across the region are anticipated to boost the demand for silica sand to bolster the efficiency of water filtration.

Furthermore, silica sand is extensively applied in the sporting field, especially golf courses. Hence, silica sand is also witnessing higher demand from the Mexican golf courses. Over the forecast period, the rising popularity of golf in the country is likely to provide further impetus to the Latin America silica sand market.

Market Segmentation

The market can be divided on the basis of applications and major countries.

Market Breakup by Application

• Glass Industry
• Foundry
• Hydraulic Fracturing
• Filtration
• Abrasives
• Chemical Production
• Others

Market Breakup by Country

• Brazil
• Argentina
• Mexico
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• ArrMaz Products, Inc.
• Badger Mining Corporation
• JFE MINERAL Co., LTD.
• SCR-Sibelco N.V.
• Others

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.