Global Silica Sand Market Size To worth USD 37.2 Billion By 2033 | CAGR of 4.48%
Category: Chemicals & MaterialsGlobal Silica Sand Market Size To worth USD 37.2 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Silica Sand Market is to Grow from USD 24.01 Billion in 2023 to USD 37.2 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.48% during the projected period.
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Browse key industry insights spread across 234 pages with 113 Market data tables and figures & charts from the report on the " Global Silica Sand Market Size, Share, and COVID-19 Impact Analysis, By Silica Sand (Wet silica Sand, Dry Sand, Frac Sand, and Filter Sand), By End-User (Construction, Glass Manufacturing, Filtration, and Foundry), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/silica-sand-market
The word "silica sand" refers to the global trade and consumption of silica sand, a granular material composed of finely separated quartz and other minerals. The primary industrial applications for silica sand are glassmaking, foundry casting, building, abrasives, ceramics, filtration, and hydraulic fracturing (fracking) in the oil and gas industry. It is valuable due to its high strength, purity, and chemical inertness. The market for silica sand is impacted by the expanding demand from the glass manufacturing industry. Since silica sand provides the silicon dioxide required for glass formulation, it is the primary component of all standards and specialty glass. However, one major issue that has hampered industry expansion is the lack of high-quality silica sand.
The wet silica sand segment is anticipated to have the greatest market share.
Based on the silica sand, the global silica sand market is categorized into wet silica sand, dry sand, frac sand, and filter sand. Among these, the wet silica sand segment is anticipated to have the greatest market share. Wet silica sand is a premium sand source for the glass industry because of its high silica concentration (SiO2). The primary applications for wet silica sand are in construction, glass manufacturing, and golf courses. Because of the continuous need in the building industry, wet silica sand with specific particle sizes and compositional characteristics is an excellent option for destination markets. The characteristics of wet silica sand are also provided for the construction and maintenance of golf courses.
The glass manufacturing segment is anticipated to have the largest market share.
Based on the end-user, the global silica sand market is categorized into construction, glass manufacturing, filtration, and foundry. Among these, the glass manufacturing segment is anticipated to have the largest market share. The strong market demand for silica sand, an essential ingredient in the creation of glass products, ensures a consistent supply of the material. This increase in demand across the global silica sand market is primarily due to increased production efficiency and a stronger focus on sustainability. The high costs that silica sand fetches are evidence of its importance in the glassmaking process.
Asia-Pacific is projected to hold the biggest share of the global silica sand market over the forecast period.
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Asia Pacific is the market leader for silica sand. It is the largest user of silica sand manufacturers in the world. It is found naturally in many parts of the Asia-Pacific region, including Australia, China, India, and Indonesia. There are several uses for silica sand, including building and as an abrasive in glassmaking. Because of the growing need for silica sand in these industries, there is a substantial market for it in the Asia Pacific region. In addition to its use in industry, silica sand is widely used for recreational activities including swimming and sandbox play.
Europe is predicted to grow fastest pace throughout the forecast period. The rapid adoption of silica sand in water filtration applications and the growing demand for safe and clean drinking water are responsible for this increase. Furthermore, the area's fast-growing glassmaking industry is the primary user of silica sand and is expected to support market expansion in the region over the forecast period.
Major vendors in the global silica sand market include, JFE Mineral & Alloy Company Ltd., Manley Bros. of Indiana Inc., Mitsubishi Corporation, PUM Group, Quarzwerke GmbH, Sibelco, Tochu Corporation, U.S. Silica, Badger Mining Corporation, Chongqing Changjiang River Moulding Material (Group) Co. Ltd., Covia Holdings LLC, Euroquarz GmbH, and Others.
Recent Developments
- In February 2024, the Hollow Water First Nation in Manitoba has approved a silica sand mining project that is expected to create about 300 jobs, the majority of which will be in Selkirk, and $200 billion in provincial taxes per year.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global silica sand market based on the below-mentioned segments:
Global Silica Sand Market, By Silica Sand
- Wet Silica Sand
- Dry Sand
- Frac Sand
- Filter Sand
Global Silica Sand Market, By End-User
- Construction
- Glass Manufacturing
- Filtration
- Foundry
Global Silica Sand Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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