Report ID: SQMIG15E2404
Report ID:
SQMIG15E2404 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|
Tables:
100 |
Figures:
73
Currently, Asia Pacific dominates the global 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 market 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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Report ID: SQMIG15E2404