Silica Sand Market Share Highlights:
The Silica Sand Market Share 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 Market Share 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 Market Share 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
Market Share: 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 Market Share” @ https://www.marketresearchfuture.com/sample_request/8216
Segment Analysis
The global Silica Sand Market Share
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 Market Share 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 Market Share.
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 2024. 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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