Global Silica Sand Market to Grow at 4.9% during 2024-2032, Fostered by Government Support

January 04, 2022 | Chemical & Materials

According to the latest report by IMARC Group, titled “Silica Sand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the global silica sand market size reached US$ 24.2 Billion in 2023. Also known as industrial sand, silica sand (SiO₂) represents one of the most commonly used varieties of sand. It is derived from quartz that breaks down into minute granules by the gradual movement of wind and water. It also contains aluminum, feldspar and iron-bearing minerals. As silica sand is resistant against heat and chemicals, it finds various applications in the construction industry. Besides this, it is also used in water filtration, industrial casting, sandblasting, building roads, and paints and coatings across the globe.

Global Silica Sand Market Trends:

Due to the mechanical properties of silica sand, it is extensively utilized in the production of fiberglass, which is further employed in the automotive industry. This, in confluence with the escalating demand for automobiles on account of the growing global population and inflating income levels, represents one of the key factors impelling the market growth. Apart from this, governments of several countries are offering substantial subsidies to silica sand manufacturers, which is also bolstering the market growth. Furthermore, key players are focusing on technological advancements to introduce lightweight glazing glass, nanotechnology in flat glass, and solar control glazing for building glass. Looking forward, the market value is projected to grow at a CAGR of 4.9% during forecast period 2024-2032.

Market Summary:

Based on the end-use, the market has been segmented into the glass industry, foundry, hydraulic fracturing, filtration, abrasives and others. At present, silica sand is mostly utilized in the glass industry, wherein it forms an essential component in the production of glass containers, flat glass, and specialty glass that are further used in automotive, construction and solar applications.
Region-wise, the China enjoys the leading position in the market. Other major regions include United States, Italy, Turkey, Germany and Australia.
The competitive landscape of the market has been examined, with some of the key players being Badger Mining Corporation, Chongqing Changjiang River Moulding Material (Group) Co. Ltd., Covia Holdings LLC, Euroquarz GmbH (Possehl Group), JFE Mineral & Alloy Company Ltd. (JFE Holdings Inc.), Manley Bros. of Indiana Inc., Mitsubishi Corporation, PUM Group, Quarzwerke GmbH, Sibelco, Tochu Corporation and U.S. Silica.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion, Million Tons
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: End-Use Country
End-Uses Covered	Glass Industry, Foundry, Hydraulic Fracturing, Filtration, Abrasives, Others
Countries Covered	China, United States, Italy, Turkey, Germany, Australia, Others
Companies Covered	Badger Mining Corporation, Chongqing Changjiang River Moulding Material (Group) Co. Ltd., Covia Holdings LLC, Euroquarz GmbH (Possehl Group), JFE Mineral & Alloy Company Ltd. (JFE Holdings Inc.), Manley Bros. of Indiana Inc., Mitsubishi Corporation, PUM Group, Quarzwerke GmbH, Sibelco, Tochu Corporation, U.S. Silica, etc. (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
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Global Silica Sand Market to Grow at 4.9% during 2024-2032, Fostered by Government Support

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