Latin America Silica Sand Market Report and Forecast 2023-2028

Latin America Silica Sand Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Latin America silica sand market attained a volume of 7543 KMT in 2022. Aided by the rising demand from various industrial applications, the market is expected to further grow at a CAGR of 2.3% between 2023 and 2028 to reach a volum of 8645.32 KMT by 2028.

Silica sand, also known as industrial sand, is a naturally occurring granular material composed of finely divided rock and mineral particles. It is a vital raw material used in various industries, such as glassmaking, foundry casting, hydraulic fracturing, and construction, among others. The properties of silica sand, such as high purity, chemical inertness, and resistance to heat and chemicals, make it ideal for these applications. The growth of the Latin America silica sand market is primarily driven by the increasing demand for silica sand in various industrial applications, such as glass manufacturing, foundry casting, and hydraulic fracturing. The glass industry, in particular, has witnessed significant growth in the region due to the rising construction activities and growing demand for consumer goods. Silica sand is a key ingredient in glass production, and its increasing demand from the glass industry is expected to fuel the market growth in the coming years.

Another factor contributing to the growth of the Latin America silica sand market is the expansion of hydraulic fracturing activities in the region, particularly in countries like Argentina and Colombia. Hydraulic fracturing or fracking involves the use of silica sand as a proppant to keep open the fractures created in the rock formation during the extraction process of oil and gas. The growth of the oil and gas industry in Latin America has led to an increasing demand for silica sand, thereby driving the market growth. Moreover, the construction sector in Latin America has been experiencing steady growth, owing to rapid urbanisation and infrastructure development. Silica sand is widely used in the construction industry as a key component in the production of cement, mortar, and concrete. The increasing construction activities across the region are further propelling the demand for silica sand, contributing to the market growth.

Furthermore, the Latin America silica sand market is also driven by the rising focus on environmental sustainability and the adoption of eco-friendly alternatives to conventional construction materials. Silica sand is considered an eco-friendly substitute for cement in the production of concrete and mortar due to its low carbon footprint and energy consumption. This factor is expected to boost the growth of the market in the upcoming years.

Market Segmentation

The market can be divided on the basis of application and country.

Market Breakup by Application:

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

Market Division by Country:

• Brazil
• Mexico
• Argentina
• 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 Latin America silica sand 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

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