Asia Pacific Silica Sand Market Research Report Forecast to 2030
The silica sand market is expected to grow at a CAGR of 7.26% over the forecast duration of 2023-2030. The silica sand market was valued at USD 17,018.6 million in 2022 and is expected to reach USD 29,166.8 million by 2030. Silica sand is quartz that has been crushed into little grains. It is a kind of crystalline silica, the second most abundant mineral. Silica sand deposits are most often surface-mined in open-pit operations, but dredging and underground mining are also utilized. It has a high melting point, is rigid, and is chemically inert. These are desirable characteristics for a wide range of industrial applications. It is recognized as a vital raw material, and as such, an appropriate and consistent supply must be provided by preserving stocks of allowed reserves and conserving silica sand resources.
The Asia Pacific silica sand market is driven by increasing consumption in glassmaking applications. Silica sand is a crucial input material used to manufacture all varieties of glass from conventional to specialty glass. The use of silica sand in manufacturing glass contributes to producing durable, safe, and strong glass-based products. With increasing use of glass in the automotive, construction activities the market glass making is expected to grow leading to a growing demand for silica sand in the market. Also, the market is driven by its use in the foundry industry for metal casting, the high thermal stability, and melting point of silica sand makes it a highly sought after foundry sand composition for molding and metal-casting, The market is also growing due to increasing construction activities in the market. Growing investments in infrastructural development and rising industrialization. This is expected to propel demand for silica sand as it is a primary component for various building materials such as roofing shingle, cement, mortars, asphalt mixtures, and other flooring compounds.
Market SegmentationBased on mesh size, the Asia Pacific silica sand market has been segmented into < 70 mesh, 70-120 mesh, 120-200 mesh, and >200 mesh.
Based on quality, the Asia Pacific silica sand market has been segmented into 99.9% and above 99.9%.
Based on the grade, the Asia Pacific silica sand market has been segmented into glass, foundry and chemical.
Based on the process, the Asia Pacific silica sand market has been segmented into wet silica sand, and dry silica sand.
Based on application, the Asia Pacific silica sand market has been segmented into glass, hydraulic fracturing, foundry, construction, chemicals, water filtration, paints & coatings, ceramics, and others.
Based on country, the Asia Pacific silica sand market has been segmented into China, India, Japan, South Korea, and Rest of Asia Pacific. China is anticipated to drive the Asia Pacific silica sand market throughout the forecast period.
Major PlayersCape Flattery Silica Mines Pty., Ltd (CFSM), Sibelco Group, Tochu Corporation, American Elements, Toyota Tsusho Corporation, JFE Mineral & Alloy Company, Ltd., Otto Chemie Pvt. Ltd., Xinyi HENRY Quartz Silica Powder Co., Ltd., Gongyi City Tonten Abrasive Co., Ltd., and Lianyungang ruiao quartz products co., ltd. are the major companies in the market.
Companies MentionedCape Flattery Silica Mines Pty.
Ltd (CFSM)
Sibelco Group
Tochu Corporation
American Elements
Toyota Tsusho Corporation
JFE Mineral & Alloy Company
Ltd.
Otto Chemie Pvt. Ltd.
Xinyi HENRY Quartz Silica Powder Co.
Ltd.
Gongyi City Tonten Abrasive Co.
Ltd.
and Lianyungang ruiao quartz products co.
ltd.
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