Pune, 05, Dec 2022: According to Maximize Market Research, the Silica Sand Market is expected to be worth USD 35.75 billion by 2029, with a 6.5% CAGR. Upcoming infrastructural projects across the world are envisaged to stimulate the construction industry, thereby increasing the demand for silica sand across different sectors.
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Silica Sand Market Research Methodology
The research methodology contains expert group evaluations, secondary research, and primary research. Sources of secondary data include press announcements, annual reports, company reports, and research articles that are specific to the industry. Additional resources are used to conduct research on the Global Co-Polymer Sealants Market, including government websites, trade journals, industry publications, and associations. The market report also includes a section exclusively devoted to important players in the worldwide co-polymer sealants market, where analysts provide an insight into the financial statements of every big rival as well as their main developments, product benchmarking, and SWOT analysis.
Silica Sand Market Overview
One of the most prevalent types of sand to be found worldwide is silica sand, also referred to as industrial sand. Since earlier civilizations, people have been mining industrial silica sand, which was first used for metallurgical and glass-making purposes between 3000 and 5000 BC. Today, silica sand is utilized in a wide range of applications, including sandblasting, oil and water filtering, industrial casting, road paving, glass manufacturing, foundries, and coal-burning boilers. In addition, it is employed in the hydraulic fracturing procedure, where silica sand consumption has grown dramatically over the past several years. This can be attributed to silica sand’s beneficial characteristics, including strength, high silica concentration, and resilience to heat and chemical reactions.
Silica Sand Market Dynamics
Silica sand has been a popular building material since the Roman era. Clay and lime, which are both waterproof, were used to build houses, and these structures were subsequently plastered or coated with hydrophobic resin to form a waterproof surface. This method was employed up to the early 1900s when silicon was starting to be added to building materials like concrete, limestone, and quartz grout. As it aids in the development of structures that are hard, tough, flexible (or brittle), good-hardness (HV), and have a modest degree of elasticity, silica sand is now being utilized in the production of glass and steel all across the world.
A major driver influencing the market’s revenue growth is the rising demand for this product from the developing glass sector since it is a crucial part of the manufacturing process. Due to its high level of thermal shock resistance and low thermal expansion coefficient, which prevent any changes in the material caused by abrupt and quick temperature changes and enable it to survive vast temperature variations, the product is used in the glassmaking process. In addition, the resulting glass is a strong electrical insulator that protects against too much electrical energy in the event of unintentional exposure. Additionally, it offers good ultraviolet to infrared optical transmission qualities, which expands its usage in lab equipment and fuels market revenue growth throughout the forecast period.
Silica Sand Market Regional Analysis
The North American, Asia Pacific, Europe, South American, and Middle East & Africa regions make up the regional segments of the global silica sand market. As the U.S. develops its hydraulic fracturing technique, which employs silica sand as a proppant, the North American market is expected to expand. Thanks to the expected increase in the construction industry, which employs silica sand as a building material, Asia Pacific is expected to have considerable growth. Additionally, China and India have a sizable portion of the glass manufacturing business, which relies heavily on silica sand as a raw ingredients. Due to the steadily increasing demand for specialty products made by the glass sector, Europe is expected to grow. During the forecast period, South America, the Middle East, and Africa will both have slow development.
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Silica Sand Market Segmentation
- 94% to 95.9%
- 96% to 97.9%
- 98% to 98.9%
By Silica Sand
- Wet Sand
- Dry Sand
- Frac Sand
- Filter Sand
- Coated Sand
By End-use Industry
- Glass Manufacturing
- Chemical Production
- Paints and Coatings
- Ceramics and Refractories
- Oil and Gas
Silica Sand Market Key Competitors:
- Badger Mining Corporation
- Chongqing Changjiang River Moulding Material (Group) Co. Ltd
- Covia Holdings LLC
- Emerge Energy Services
- Euroquarz GmbH
- Hi-Crush Inc.
- JFE MINERAL Co. Ltd
- Mitsubishi Corporation
- Mourilyan Silica Resource
- Pioneer Natural Resources Company
- PUM GROUP
- Source Energy Services
- Sunstate Sand Bundaberg Pvt. Ltd.
- TOCHU CORPORATION
- S. Silica
- Xinyi Golden Ruite Quartz Materials Co. Ltd
- VRX Silica Limited
- Australian Silica Quartz Group Ltd
- Adwan Chemical Industries Company
Key questions answered in the Silica Sand Market are:
- What is a Silica Sand?
- What is the growth rate of the Silica Sand Market for the forecast period?
- What is the nature of competition in the Silica Sand industry in developed economies and developing economies?
- Who are the key players in the Silica Sand Market?
- Who are the market leaders in Silica Sand in Europe?
- Who are the market leaders in Silica Sand in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Silica Sand Market?
- Who held the largest market share in the Silica Sand Market?
Maximize Market Research is leading research firm, has also published the following reports:
Zirconia Market – The Zirconia Market size is expected to reach USD 8.46 billion by 2029 at a CAGR of 6.8 percent during the forecast period. The Zirconia Market is expected to be driven by growing demand in the jewelry industry.
Silicon Carbide Market – The Silicon Carbide Market size is expected to reach USD 3519.14 million by 2029 at a CAGR of 18.60 percent during the forecast period. The increasing demand for high-quality, reliable, and efficient materials in the automotive industry is driving the SiC product demand across the world.
Flat Glass Market – The Flat Glass Market size is expected to reach USD 365.48 billion by 2029 at a CAGR of 3.6 percent during the forecast period. The demand for luxury buildings has increased as a result of rising disposable income and a growing desire for aesthetic appeal in interiors is driving market growth across the world.
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