According to the latest report by IMARC Group, titled “Asia Pacific Silica Sand Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the Asia Pacific silica sand market size reached US$ 5.8 Billion in 2022. Silica sand refers to a naturally occurring granular material composed of finely divided quartz crystals. It is a highly regarded material for a variety of industrial applications as a result of its excellent hardness and great purity. Quartz-containing rocks, including granite and sandstone, which weather and erode, are the first to generate silica sand. Sand grains are created as an outcome of the gradual reduction of these rocks into smaller pieces. Further wind, water, or ice transfer and deposition of these grains results in their accumulation in riverbeds, coastal areas, and desert areas. Its extraordinary resistance to chemical and physical degradation is one of silica sand's distinguishing qualities. It exhibits excellent heat resistance, allowing it to withstand high temperatures without melting or deforming.
Asia Pacific Silica Sand Market Trends:
Significant growth in the construction sector majorly drives the market in Asia Pacific. This can be supported by the widespread adoption of silica sand as a key ingredient in concrete, mortar, and other construction materials due to its strength, durability, and workability to the finished products. Therefore, the increasing number of construction of buildings, roads, bridges, and infrastructure projects is significantly supporting the market. Along with this, the rising utilization of silica sand as the main raw material in glassmaking, providing transparency, strength, and resistance to heat and chemicals, impacts the market. Additionally, the development of solar panels and fiber optics, which rely on high-quality glass, is driving the demand for silica sand. In addition, silica sand's ability to withstand high temperatures, control metal solidification, and provide dimensional accuracy, making it ideal for foundry applications, is positively influencing the market. Apart from this, the escalating demand for electronic devices, such as smartphones, tablets, computers, and IoT devices, is contributing to the market as silica sand is a critical material in the production of integrated circuits and other electronic components. Furthermore, the development of advanced mining techniques, such as hydraulic fracturing (fracking) is creating a positive market outlook. Looking forward, the market value is projected to reach US$ 8.7 Billion by 2028, expanding at a CAGR of 7.16% during 2023-2028.
- Based on the end use, the market has been segmented into glass industry, foundry, hydraulic fracturing, filtration, abrasives, and others.
- Region-wise, the market has been segmented into China, India, Malaysia, South Korea, Japan, Australia, and others.
- The competitive landscape of the market has also been examined, with some of the key players being Chongqing Changjiang River Moulding Material (Group) Co. Ltd, Diatreme Resources Limited, JFE Mineral Company Ltd., Mangal Minerals, Mitsubishi Corporation, PUM Group, Raghav Productivity Enhancers Limited, Rock Energy International, TOCHU Corporation, VRX Silica Ltd and Xinyi Golden Ruite Quartz Materials Co., Limited.
|Base Year of the Analysis
||Million Metric Tons, US$ Billion
||End Use, Country
||China, India, Malaysia, South Korea, Japan, Australia, Others
||Chongqing Changjiang River Moulding Material (Group) Co. Ltd, Diatreme Resources Limited, JFE Mineral Company Ltd., Mangal Minerals, Mitsubishi Corporation, PUM Group, Raghav Productivity Enhancers Limited, Rock Energy International, TOCHU Corporation, VRX Silica Limited and Xinyi Golden Ruite Quartz Materials Co., Limited
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