According to the latest report by IMARC Group, titled “Silica Sand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global silica sand market size reached US$
22.9 Billion in 2022. 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
5.6% during the forecast period (2023-2028).
- 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 in the report, along with the detailed profiles of the major players operating in the industry.
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