Silica Sand Market is Expected to Reach US$ 37.6 Billion by 2032 | CAGR of 4.9% during 2024-2032

IMARC Group has recently released a new research study titled “Silica Sand Market Report by End-Use (Glass Industry, Foundry, Hydraulic Fracturing, Filtration, Abrasives, and Others), and Region 2024-2032: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

The global silica sand market size reached US$ 24.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 37.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032. The global market is primarily driven by the increasing demand from the construction and glass manufacturing industries, continual advancements in hydraulic fracturing technology in oil and gas extraction and rapid changes in environmental and regulatory landscapes.

Global Silica Sand Market Trends:

Silica sand is extensively used in the foundry industry to manufacture molds and cores due to its physical characteristics, such as its high melting point and resistance to high temperatures. Beyond this, silica sand in an important component of green sand mold, which is used in foundry for different metal casting applications. In addition to this, it is directly used in water filtration systems and as a precursor to other water treatment chemicals, such as sodium silicate, which acts as a corrosion inhibitor is drinking water distribution channels. Besides this, the hardness and angular particles of silica sand are being used as an abrasive in a variety of industrial operations, such as sandblasting, grinding, and polishing, since they are useful in eliminating impurities and molding materials.

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Factors Affecting the Growth of the Silica Sand Industry:

• Increasing Demand in the Glass Industry:

Silica sand is an essential component in the glass making business owing to its purity, chemical stability, and high melting point. It is used in the production of electronic displays, solar panels, drinkware, and windows. In addition, the demand for flat glass is rising due to the global urbanization and economic development that are driving up building and infrastructure construction. Likewise, the growing need for advanced glass goods in the automobile sector to enhance safety and reduce energy consumption is bolstering the market for silica sand. This demand goes beyond only quantity to include quality of sand in order to ensure that the glass is more durable and clear and to meet the strict standards of the industry.

• Expansion in the Construction Sector:

Silica sand is extensively used in construction projects across the globe, such as mortar mix, concrete production, roofing tiles, and architectural coatings. Beyond this, the demand for building materials is rising rapidly due to urbanization trends. It has led to an escalated need for residential and commercial infrastructure and, by extension, for silica sand. It possesses excellent physical properties, such as hardness, chemical inertness, and high silica content, which make it a suitable constituent of construction mixes, enhancing the durability and structural integrity of the built environment. Additionally, silica sand plays a vital role in the formulation of industrial by-products and recycled materials, which align with the prevailing trends of sustainable construction practices.

• Hydraulic Fracturing in Oil and Gas Recovery:

Silica sand is a valuable material used in hydraulic fracturing, a technique that is extensively used to extract oil and natural gas from shale formations. It acts as a proppant and is injected into the rock fractures to allow for the free flow of oil or gas to the wellhead. The widespread adoption of silica sand in the fracking process is due to its unique set of properties, such as roundness, crush resistance, and purity. Additionally, the demand for silica sand is further amplified in the oil and gas recovery process, owing to the exploration and development of new fracking sites and increasing demand for energy. Beyond this, countries across the globe are increasing their reliance on unconventional oil and gas recovery methods, which has positioned silica sand as a valuable resource.

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Key Companies:

• 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
• S. Silica

Silica Sand Market Report Segmentation:

By End-Use:

• Glass Industry
• Foundry
• Hydraulic Fracturing
• Filtration
• Abrasives
• Others

Glass industry holds the majority of the market share because of its extensive consumption of high-purity silica sand for producing various glass products, which are in high demand across numerous sectors, including construction, automotive, and consumer good.

Regional Insights:

• China
• United States
• Italy
• Turkey
• Germany
• Australia
• Others

China's dominance in the market is attributed to its massive industrial base, rapid urbanization, and significant investments in infrastructure, construction, and manufacturing sectors, which extensively utilize silica sand.

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Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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