Global Industrial Silica Sand Market Highlights 2022 – 2030
The global industrial silica sand market is estimated to garner a sizeable amount of revenue and grow at a CAGR of ~7% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing demand for silica sand from a wide range of industries such as cosmetics, glass, oil well cementing and foundry. Along with these, rising number of infrastructural and construction activities, and growing usage of the product for glass formulation and manufacturing high grade specialty glass are also expected to boost the growth of the market in the forthcoming years. According to the World Bank, the national per capita income of the World has only increased since 2016. The value was USD 9,483,844 in 2019, up from USD 9,427.278 in 2018. Furthermore, increase in the production of automotive, rising per capita income of the world, and escalating technological advancements in the construction industry are projected to offer lucrative opportunities to the market in the near future.
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The market is segmented based on end-user industry into glass manufacturing, foundry, chemical production, construction, paints and coatings, ceramics and refractories, filtration, oil and gas, and others, out of which, the glass manufacturing segment is anticipated to hold the largest share in the global industrial silica sand market on account of the increasing use of silica sand to manufacture products, including flat glass, fiberglass insulation, container glass and specialty glass for a wide variety of applications. Additionally, on the basis of type, the wet sand segment is predicted to gather the largest share during the forecast period, which can be credited to the constant demand for wet silica sand from the construction industry, golf courses and other applications.
Major Macro-Economic Indicators Impacting the Market Growth
The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.
Global Industrial Silica Sand Market Regional Synopsis
On the basis of geographical analysis, the global industrial silica sand market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of the increasing construction of shopping malls, commercial buildings, high rise buildings and hotels, and rising use of silica sand in foundries and chemical production in the region. Apart from these, growing demand for fiberglass and flat glass in China and India is also projected to drive the region’s market growth in the coming years. Moreover, the market in North America is assessed to grab the largest share during the forecast period owing to the robust growth of oil and gas sector, and increasing activities in the hydraulic fracturing industry in the region. As per the United States Energy Information Administration, the country exported about 8.51 MMb/d and imported about 7.86 MMb/d of petroleum in the year 2020. In that same year, the US produced about 18.40 million barrels per day (MMb/d) of petroleum, and consumed about 18.12 MMb/d.
The global industrial silica sand market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Market Segmentation
Our in-depth analysis of the global industrial silica sand market includes the following segments:
By Type
- Wet Sand
- Dry Sand
- Frac Sand
- Filter Sand
- Coated Sand
- Others
By End-User Industry
- Glass Manufacturing
- Foundry
- Chemical Production
- Construction
- Paints and Coatings
- Ceramics and Refractories
- Filtration
- Oil and Gas
- Others
Growth Drivers
- Increasing Demand for Silica Sand from a Wide Range of Industries
- Rising Number of Infrastructural and Construction Activities
Challenges
- High Transportation Cost of Industrial Silica Sand
Top Featured Companies Dominating the Market
- Quarzwerke GmbH
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Mitsubishi Corporation
- U.S. Silica Holdings, Inc.
- Covia Holdings LLC
- Sibelco NV
- Hi-Crush Inc.
- Chongqing Chnagjiang River Moulding Material Co., Ltd
- Australian Silica Quartz Group Ltd
- VRX Silica Limited
- Adwan Chemical Industries Company
