Silica Sand Industry Highlights:
The Silica Sand Industry is projected
to be valued at USD 14,718.2 Million and register a CAGR of 6.75% during the
forecast period. Silica is a chemical compound composed of silicon and oxygen
in the ratio of 1:2, respectively. Silica sand is composed of granular
materials that consist of quartz as the major component and a small amount of
clay, coal, and other minerals. Industrial sand, over time, through the work of
water and wind is weathered into tiny granules of sand.
Moreover, it exhibits superior
properties such as high thermal resistance, hardness, and chemical inertness
which make it suitable for a diverse range of applications such as glassmaking,
hydraulic fracturing, and water treatment, among others. Moreover, it is
prominently used as a raw material in the manufacturing of flat glass,
screen-printed glass, annealed glass, and tempered glass in various industries
such as consumer electronics, automotive, chemicals, and construction.
The expanding glass industry is
expected to be the major driver in the global Silica Sand Industry on account of increasing consumption
of silica sand in glassmaking applications owing to its high thermal strength,
high melting point, excellent refractoriness, and grain strength. In addition,
the high demand for silica sand in the foundry industry for metal casting for
both ferrous and non-ferrous alloys is further projected to augment the global
market growth. Moreover, the growing construction industry in the developing
countries of Asia-Pacific such as India and South-East Asian countries
including Indonesia, Thailand, and Malaysia is likely to boost the global
market growth for silica sand owing to its use in specialty cement, flooring
compounds, and mortars.
However, the only bottleneck in a
growth trajectory of the global Silica Sand Industry is the increasing concerns
among the consumers regarding the potential health impacts of respirable
crystalline silica (RCS). Moreover, stringent government regulations for sand
mining used in fracking is likely to further hinder the global market growth in
the coming years. Nevertheless, the rising shale gas exploration in the US and
growing consumption in the oil & gas industry as a proppant is expected to
create lucrative opportunities for the market players. Also, robust shale gas
exploration in Asian countries such as China and Japan are further anticipated
to provide immense opportunities to the silica sand producers during the
forecast period.
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Market Players
Market Research Future (MRFR)
recognizes the following companies as the key players in the global Silica Sand
Industry: U.S. Silica (US), Fairmount Santrol (US), Sibelco (Belgium), Toyota
Tsusho Corporation (Japan), IMOSA (Spain), Emerge Energy Services (US), Badger
Mining Corporation (Germany), Cairo Fresh for Minerals & Quarries Materials
(Egypt), Tochu Corporation (Japan), Euroquarz GmbH (Germany), and American
Elements (US).
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Sand Industry” @ https://www.marketresearchfuture.com/sample_request/8216
Segment Analysis
The global Silica Sand Industry has
been segmented based on mesh size, grade, process, application, and region.
Based on mesh size, the <70 mesh segment witnessed the largest market share
of 42.19% in 2018 and is likely to register the highest CAGR of 7.22% in the
following years. This is due to the increasing utilization of <70 mesh
silica sand in major applications such as glassmaking, hydraulic fracturing,
construction, and water treatment. Also, it exhibits high grain strength,
sphericity, better refractoriness, and high thermal strength.
By grade, the glass segment dominated
the global Silica Sand Industry with a robust market share of 41.22% in 2018
and is estimated to register the highest CAGR of 7.33% during the assessment
period. This is largely attributed to the bolstering demand for glass grade
silica sand in the production of flat glass, annealed glass, and screen-printed
glass in the automotive and construction industries. In addition, robust growth
in the solar industry and rising consumption of glass panels is expected to augment
the demand for global Silica Sand Industry.
On the basis of process, the dry
silica sand segment accounted for the largest market share of 61.00% in 2018
and is further projected to grow at the highest CAGR of 7.18% in the coming
years. This is majorly due to the easy handling of silica sand manufactured by
this process. Also, less moisture and growing consumption of dry silica sand in
glassmaking and hydraulic applications are further expected to propel the
global market growth.
Based on application, the hydraulic
fracturing application segment held the largest market share of 41.39% in 2018
and is projected to reach USD 10,180.7 million by 2027. It is widely used as a
proppant in hydraulic fracturing in the shale gas and oil industry. The glass
application segment is estimated to grow at the highest CAGR of 7.21% in the
following years owing to the growing utilization of silica sand in glassmaking
for automotive and construction industries.
NOTE: Our Team of Researchers is
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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