Global Silica Sand Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Silica Sand Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Silica Sand market finds that the global Silica Sand market reached a value of USD 9988.38 million in 2022. It’s expected that the market will achieve USD 10818.84 million by 2028, exhibiting a CAGR of 1.34% during the forecast period.

Market Drivers and Impact

Emerging economies in the Asia-Pacific region have huge opportunities. With the rapid economic development, industry and manufacturing in the Asia-Pacific region have developed rapidly. China's silica sand production units are widely distributed and can be developed and produced in many areas. China has become an upper middle-income country and the second largest economy in the world. However, China's per capita income is still only a quarter of that of high-income countries. China's labor productivity and human capital are also lagging behind. Income inequality has improved in the past decade, but it is still relatively high. The increasingly tense economic relationship between China and the United States has increased the company's uncertainty. Official statistics show that the real GDP growth rate in 2018 was 6.6%, the lowest level since 1990, and most companies are small. Many companies have passed the ISO9001: 2000 quality management system certification. Some companies have fast product development cycles and can deliver products in batches in less than a month. At present, the silica sand market is becoming more and more mature, and product prices are fiercely competitive in the market. According to research data, in 2016, China's revenue market share accounted for 50.33% of the Asia-Pacific region, ranking first. With the progress of policies and the transformation of China's silica sand enterprises, the development of China's silica sand industry will be promoted.

Market Challenges

and Impact
The impact of COVID-19 on the silica sand industry will involve all major links and all entities in the industry chain. In order to battle the spread of the virus, most countries in the world implemented quarantine measures that put on halt production and transport activity. The COVID-19 has brought the overall industrial sector to a screeching halt, including oil & gas and construction, which are key enduse sectors of silica sand. This pandemic has been unfavorable to the market, negatively affecting the sales of industrial silica sand. The construction sector has proven extremely vulnerable to the pandemic. Thus, the above economic prerequisites will have the most negative impact on the production of building materials, and, therefore, on the consumption of silica sand. The negative challenge for the market is that due to quarantine measures, construction projects were paused, and the drop in incomes of the population makes mortgage loans less affordable. Moreover, reduced capital investments may lead to the postponement of plans for the building new and the renewal of the existing dwellings, infrastructural and industrial facilities.

Region Overview:

Asia Pacific had the highest growth rate of all regions.

Company Overview:

SCR-Sibelco is one of the major players operating in the Silica Sand market, holding a share of 10.90% in 2021.

Sibelco is a global material solutions company. Our company sources, transforms and distributes specialty industrial minerals-particularly silica, clays, feldspathics and olivine-and is a leader in glass recycling. Sibelco delivers solutions for society and supports the progress of modern life, from drinking water sanitation to solar technology and from flame retardants to smartphone screens. We serve industries as diverse as glass, ceramics, construction, coatings, polymers and water purification.

U.S. Silica is a global industrial minerals and logistics leader, with core competencies in mining, processing, logistics and material science that enable us to produce and cost effectively deliver over 1,500 diversified products to customers across our end markets.

Segmentation Overview:

Among different product types, Below 70 mesh segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Glass Industry segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Silica Sand market covered in Chapter 3:

Badger Mining Corporation
Toyota Tsusho
CCRMM
Tochu
Emerge Energy Services
Mitsubishi Corporation
Hi-Crush Inc.
EUROQUARZ GmbH
Pioneer Natural Resources
US Silica Holdings
Smart Sand, Inc.
SCR-Sibelco
Quarzwerke GmbH

In Chapter 4 and Chapter 14.2, on the basis of types, the Silica Sand market from 2018 to 2029 is primarily split into:

Below 70 Mesh
70-100 Mesh
100-120 Mesh
120-200 Mesh
Above 200 Mesh

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Silica Sand market from 2018 to 2029 covers:

Glass Industry
Gas and Oil Industry (Hydraulic Fracturing)
Foundry Industry
Construction Industry
Chemical Industry

Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)