USD 21.60 million
Report ID:
SQMIG15E2404 |
Region:
Global |
Published Date: December, 2024
Pages:
265
|Tables:
100
|Figures:
73
Silica Sand Market size was valued at USD 22.9 Million in 2023 and is poised to grow from USD 24.27 Million in 2024 to USD 38.68 Million by 2032, growing at a CAGR of 6% during the forecast period (2025-2032).
Silica sand is also known as quartz sand, and it is the primary component of glass. The product has a wide range of applications, and it is used in industries such as construction, metallurgy, foundry, glass and ceramics, and more. One of the most important applications in the global silica sand market is in the construction industry. It is used as an aggregate in concrete and mortar, and it is also used to make bricks and other building materials. Silica sand can also be used in landscaping projects to create pathways or to add drainage.
Silica sand is also widely used in the foundry industry. Foundries use silica sand to produce molds for metal casting. The molds must be made from a material that can with stand high temperatures, and silica sand meets this requirement. Silica sand can also be used to make cores for casting aluminum and other metals. In the global silica sand market, the ceramics industry uses silica sand to produce ceramic products such as tiles and pottery. Silica sand provides the necessary cohesiveness and strength required for these products. In addition, silica sand is used in the production of glass and ceramic parts.
The growing demand for silica sand can be attributed to a number of factors. First, the increased use of Silica sand in many industries has resulted in an increase in its price. Second, the rising popularity of hydraulic fracturing or "fracking" has also led to a greater demand for silica sand, as it is one of the key ingredients used in this process. Third, the growth of the construction industry, particularly in Asia, has also contributed to the increased demand for silica sand.
All of these factors are expected to continue to drive up the demand for silica sand market in the coming years. This could lead to even higher prices for this commodity and could create challenges for industries that use Silica sand as a raw material.
US Silica Sand Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 21.60 million
Largest Segment
Glass Industry
Fastest Growth
Glass Industry
Growth Rate
6% CAGR
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Silica Sand Market is segmented by Mesh Size, Grade, Process, Application and region. Based on Mesh Size, the market is segmented into (< 70 Mesh, 70-120 Mesh, 120-200 Mesh, >200 Mesh. Based on Grade, the market is segmented into Glass, Foundry, Chemical. Based on Process, the market is segmented into Wet Silica Sand, Dry Silica Sand. Based on Application, the market is segmented into Glass, Hydraulic Fracturing, Foundry, Construction, Chemicals, Water Filtration, Paints & Coatings, Ceramics, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Silica Sand Market Analysis by Application
In the glass manufacturing industry, demand for silica sand continues to grow as manufacturers search for a more consistent and uniform product. Silica sand is a key ingredient in making glass products, and its availability remains stable due to its popularity in the silica sand market.
The global demand for silica sand in glass manufacturing reached 1.6 million metric tons in 2020, according to a report from the Geological Society of America. This increase in demand across the silica sand market is due to increasing efficiency in manufacturing processes and an increased focus on sustainability. Silica sand is a key component of glass production, and its importance is reflected in the high prices commanded for this type of sand. In the United States, for example, silica sand can cost more than $100 per metric ton. The high price of silica sand reflects both the scarcity of this resource and the difficulty in extracting it from the ground.
The availability of other materials that can be used to replace silica sand has led to concerns about the long-term viability of the glass industry. However, as long as there is a demand for silica sand, companies that produce this material will continue to find ways to extract and produce it.
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Currently, Asia Pacific dominates the silica sand market. It is the largest consumer of silica sand in the world. It is found naturally in many places around the world, including Australia, China, India, and Indonesia. There are many uses for silica sand, including as an abrasive material for making glass and as a construction material. The high demand for silica sand in these industries means that there is a large market for it in the Asia Pacific region. In addition to being used in industry, silica sand is also commonly used in recreational activities such as swimming and sandbox play.
The vast majority of silica sand produced in the Asia Pacific silica sand market is used within the boundaries of the country where it was mined. However, there is a growing market for exporting silica sand to other countries in the region and beyond. This has led to increased production at some mines, particularly those located in Australia and Indonesia.
The rapid growth of the construction industry in India and China is expected to drive demand for silica sand industry over the next five years. Silica sand is used in a variety of construction applications, including as an abrasive, in concrete and mortar, and in glass manufacture. The expansion of the construction sector in India and China will lead to increased demand for silica sand.
The Indian construction industry is forecast to grow at a compound annual growth rate (CAGR) of 9.6% between 2022 and 2025, driven by strong economic growth, increasing urbanization and rising government investment in infrastructure development. The Chinese construction industry is projected to expand by 2.5% annually between 2022 and 2025 on the back of continued government investment in infrastructure projects such as railways, highways and airports. This will result in higher demand for silica sand from the construction sector in both countries.
Glass is another major application for silica sand market, accounting for around 26% of global demand. Strong growth in the automotive sector – particularly in China – is expected to drive demand for glass used in car windows over the next five years
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Silica Sand Market Restraint
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Silica sand market is in a constant state of flux, with new entrants and expansions happening all the time. There are currently more than 1,000 companies operating in the United States alone, and that number is expected to grow. To stay ahead of the competition, it's important to understand what your competitors are doing and how they're positioning themselves in the silica sand industry.
In terms of competition, there are two main types of suppliers in the silica sand market: those who own their own mines/quarries and those who don’t. The former has a significant cost advantage over the latter as they do not have to purchase their raw materials on the open market. There are also a number of companies that are vertically integrated, meaning they mine their own quartzite rock before processing it into silica sand. This gives them even more control over their costs.
The other key factor affecting competition in the Silica Sand market is transportation costs. Silica sand is typically shipped in bulk by road or rail from its point of origin to where it will be used. This can add significantly to the cost if long distances are involved.
Silica Sand Market Top Player’s Company Profile
Silica Sand Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
Today, silica sand is used in a variety of different applications ranging from construction to manufacturing to recreation. One of the largest users of silica sand is the glass industry. Silica sand provides an essential component in nearly all types of glass products including: flat glass, container glass, specialty glass, and fiberglass. In addition to its use in glass making, silica sand is also used as an abrasive in a variety of industrial applications; as a filter medium for water treatment; and as foundry sand for metal casting.
Looking forward, the future growth of the silica sand market is expected to be driven by continued demand from the glass sector as well as from new application areas such as solar energy and fracking. In terms of geography, Asia Pacific is expected to be the fastest growing silica sand market due to rapid economic development and expanding manufacturing activities in countries such as China and India.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 21.60 billion |
Market size value in 2031 | USD 36.49 billion |
Growth Rate | 6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Silica Sand Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Silica Sand Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Silica Sand Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Silica Sand Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15E2404
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