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The global silica sand market reached a value of US$ 17.4 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 6.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Silica sand, generally known as industrial sand, is one of the most common varieties of sand found across the world. Industrial silica sand has been mined for thousands of years and was first put to industrial use during 3000-5000 BC for metallurgical and glass making activities. Nowadays, silica sand is being used for well-diversified applications including paving roads, glass making, foundries and coal burning boilers, oil and water filtration, industrial casting, sandblasting, etc. Apart from this, it is also used in the hydraulic fracturing process where the demand for silica sand has increased significantly in the recent years. This can be accredited to the advantageous properties of silica sand such as strength, high silica content, as well as resistance to heat and chemical reactions.
Global Silica Sand Industry Drivers:
IMARC Group provides an analysis of the key trends in each sub-segment of the global silica sand market, along with forecasts at the global and country level from 2021-2026. Our report has categorized the market based on end-use.
Breakup by End-Use:
On the basis of end-use, the report finds that the glass industry accounts for more than a third of the total market, representing the largest end-use sector. Silica sand forms an essential component in the production of glass containers, flat glass, and speciality glass that are further used in automotive, construction and solar applications. The glass industry is followed by foundry, hydraulic fracturing, filtration, abrasives and others.
Region-wise, the United States enjoys the leading position in the global silica sand market. Silica sand is used as a dominant proppant material in hydraulic fracturing in the region as it is more affordable in comparison with its substitutes. The United States is followed by Italy, Germany, Turkey, Australia and Others.
The global silica sand market is fragmented due to the presence of a large number of manufacturers. The profiles of key players operating in the market have been included in the report.
|Base Year of the Analysis||2020|
|Units||US$ Billion, Million Tons|
|Segment Coverage||End-Use, Country|
|Countries Covered||United States, Italy, Germany, Turkey, Australia, Others|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
This report provides a deep insight into the global silica sand industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a silica sand manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the silica sand industry in any manner.
The global silica sand market was valued at US$ 17.4 Billion in 2020.
We expect the global silica sand market to grow at a CAGR of 6.2% during 2021-2026.
The increasing demand of silica sand in the construction sector, with rising automotive production and sales, mounting per capita income, and continuous technological advancements, represent some of the key factors catalyzing the global silica sand market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous end-use industries for silica sand, thereby limiting demand of the product.
Based on the end use, the global silica sand market can be segmented into the glass, foundry, hydraulic fracturing, filtration, abrasives, and others. Currently, the glass industry exhibits a clear dominance in the market.
On a regional level, the market has been classified into the United States, Italy, Germany, Turkey, Australia, and others, where the United States currently dominates the global market.
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