Asia Pacific Silica Sand Market Trends, Size, Share, Leading Companies and Report 2022-2027
The latest report published by IMARC Group, titled “Asia Pacific Silica Sand Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Asia Pacific silica sand market reached a value of US$ 5.42 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.17 Billion by 2027, exhibiting a CAGR of 7.28% during 2022-2027. Silica sand, or industrial sand, is a chemically inert and relatively hard mineral made of two main elements: silica and oxygen. It also encompasses other components, such as quartz, carbonates, feldspars, clay minerals, and iron oxide. Silica sand is an odorless powder ranging from nearly transparent to a darker gray color. It is insoluble and noncombustible, due to which it is extensively used in glassmaking, water filtration, hydraulic fracturing, industrial casting, and sandblasting. Apart from this, silica sand offers several benefits, such as high granularity, durability, strength, and resistance against heat and chemical reactions.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The Asia Pacific silica sand market is primarily driven by rapid industrialization. This is further influenced by the rising construction of commercial structures, arenas, shopping malls, high-rise buildings, and hotels in the region. Additionally, the growing demand for high purity silica sand for producing photovoltaic panels and silicon-metal composite materials is accelerating the market growth. Moreover, the rapid development of solar infrastructures and the escalating compound employment in the automotive industry to manufacture specialized glass and its byproducts are supporting the market growth. Other factors, including the increasing investments in infrastructural development by regional governments and the rising shale gas exploration activities, are providing a considerable thrust to the market growth.
Asia Pacific Silica Sand Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the Asia Pacific silica sand market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
- Xinyi Golden Ruite Quartz Materials Co. Limited
Key Market Segmentation:
The report has segmented the Asia Pacific silica sand market on the basis of end use and country.
Breakup by End Use:
- Glass Industry
- Foundry
- Hydraulic Fracturing
- Filtration
- Abrasives
- Others
Breakup by Country:
- China
- India
- Malaysia
- South Korea
- Japan
- Australia
- Others
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- 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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