Silica Sand Market Share, Size, Analysis, Demand by Regions, Industry Insights, Opportunity and Forecast 2023-2028
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. Looking forward, IMARC Group expects the market to reach US$ 32.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.6% during 2023-2028.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Silica Sand Market Overview:
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. Silica sand also contains aluminum, feldspar, and iron-bearing minerals. As it is resistant to heat and chemicals, silica sand finds numerous applications in the construction sector. Silica sand is also utilized in water filtration, industrial casting, sandblasting, building roads, and paints and coatings across the globe.
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Silica Sand Market Trends:
The widespread adoption of this industrial sand in the production of fiberglass, on account of its mechanical properties of silica sand, which is used in the automotive sector is among the key factors stimulating the silica sand market. Moreover, the escalating demand for automobiles, owing to the growing global population and inflating income levels, is acting as another significant growth-inducing factor. Besides this, the rising subsidies offered by government bodies of several countries to silica sand manufacturers are positively influencing the global market. Furthermore, the increasing focus of key players on technological advancements to introduce lightweight glazing glass, nanotechnology in flat glass, and solar control glazing for building glass is also propelling the market growth. Apart from this, the growing shale gas production is inflating the demand for this industrial sand as shale gas is extracted using the hydraulic fracturing process, wherein the sand is used as a proppant is further fueling the global market. Additionally, the rising infrastructural projects in various countries are facilitating the construction sector, thereby increasing the requirement for this industrial sand across sectors, which is anticipated to fuel the silica sand market over the forecasted period.
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Silica Sand Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the silica sand market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the silica sand market on the basis of breakup by end-use and region.
Breakup by End-Use:
- Glass Industry
- Foundry
- Hydraulic Fracturing
- Filtration
- Abrasives
- Others
Breakup by Region:
- China
- United States
- Italy
- Turkey
- Germany
- Australia
- Others
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Important Attribute and highlights of the Report: •
- Detailed analysis of the global market share
- Market Segmentation by component, deployment, enterprises and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Market
- Strategies of major players and product offerings
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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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