Silica Sand Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Silica Sand Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Silica Sand Market

The silica sand market size was valued at USD 12.16 billion in 2023, and the market is now projected to grow from USD 13.10 billion in 2024 to USD 23.70 billion by 2032, exhibiting a CAGR of 7.7% during the forecast period of 2024-2032.

Due to the pandemic’s impact on the supply chain for raw materials and market distribution of the final products, COVID-19 has rigorously challenged the revenue generation of its manufacturers. However, once the crisis had been contained there was a relaxation of measures to help countries continue to build up the economic value chain by assisting domestic and small-scale industries to also get back into manufacturing, which helped the silica sand market growth.

The ever-rising demand due to the expansion of the glass industry serves as a foundation for market growth this is because glass is one of the most important raw materials in the expansion of industries. SiO2 serves for glass manufacturing, as this material demonstrates outstanding thermal shock stability and a low coefficient of thermal expansion, which makes the material inactive in the case of speedy and abrupt temperature changes and capable of taking big temperature differences. Also, there is a rise in social responsibilities concerning the environment, and thus the glass industry is evolving towards a green economy. High-purity natural raw materials with minor environmental influence only if integrated effectively into mining and processing activities satisfy the sustainability standards of the industry and fuel the growth of the market in future years of the forecast period. Investment in the glass industry has acted as the main reason why the major silica sand market share has been observed.

The increasing construction and infrastructural projects are expected to drive product demand across the globe over the forecast period. It is used in various construction-related activities as an abrasive material for grinding wheels, glass manufacturing, concrete, as well as mortar. Utilizing the above analysis, it can be deduced that the globalization of the construction industry will result in higher demand for Quartz sand in the future years.

Comprehensive Analysis of Silica Sand Market

The market study on silica sand shows promising enhancement due to its extensive uses in construction, glass, filtration, foundries, chemicals, paint, ceramics and refractories, and oil and gas. Each industry utilizes silica sand in the following ways owing to its desirable attributes of having high silica content, high mechanical strength, and controlled grain size distribution Silica sand is used in the following processes.

Asia Pacific area held the most important proportion of the marketplace with USD 3.56 billion in 2023 and is expected to document a dominating proportion in the market over the forecast duration. Silica sand is observed naturally in several locations international, which include India, Japan, China, Indonesia, and Australia.

U.S. Silica (U.S.), Sibelco (Belgium), Covia Holdings LLC. (U.S.), JFE Mineral & Alloy Company, Ltd. (Japan), Quarzwerke GmbH (Germany), PUM GROUP (Malaysia), Badger Mining Corporation (U.S.), Mitsubishi Corporation (Japan), Preferred Sands (U.S.), and Aggregate Industries (U.K.) are some major players in this industry. These groups of companies who are leaders within the discipline offer a stage playing field for all their competitors as they guarantee increase and set requirements for the arena.

In July 2022, Allup Silica Ltd came up with an added resource for the silica sand project located in Western Australia. The new program is called “Sparkler A Silica Sands Exploration Project”.

Segmentation Table

Global Silica Sand Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 7.7% from 2024 to 2032

Unit Value (USD Billion) and Volume (Million Ton)

By End-use Industry Construction

Glass Manufacturing

Filtration

Foundry

Chemical Production

Paints & Coatings

Ceramics & Refractories

Oil & Gas

Others

By Region North America (By End-use Industry, By Country)

- U.S. (By End-use Industry)

- Canada (By End-use Industry)

Europe (By End-use Industry, By Country)

- Germany (By End-use Industry)

- France (By End-use Industry)

- U.K. (By End-use Industry)

- Italy (By End-use Industry)

- Spain (By End-use Industry)

- Rest of Europe (By End-use Industry)

Asia Pacific (By End-use Industry, By Country)

- China (By End-use Industry)

- Japan (By End-use Industry)

- India (By End-use Industry)

- South Korea (By End-use Industry)

- Rest of Asia Pacific (By End-use Industry)

Latin America (By End-use Industry, By Country)

- Brazil (By End-use Industry)

- Mexico (By End-use Industry)

- Rest of Latin America (By End-use Industry)

Middle East & Africa (By End-use Industry, By Country)

- South Africa (By End-use Industry)

- Saudi Arabia (By End-use Industry)

- Rest of Middle East & Africa (By End-use Industry)


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