The Silica Sand Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Silica Sand Global Market Report 2024, The silica sand market size has grown strongly in recent years. It will grow from $18.17 billion in 2023 to $19.42 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to industrial demand, geopolitical factors, environmental concerns, price fluctuations, substitute materials
The silica sand market size is expected to see strong growth in the next few years. It will grow to $24.98 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to emerging applications, alternative materials development, economic recovery, infrastructure development, global demand shifts. Major trends in the forecast period include rising demand in construction, growing glass industry, shift towards sustainable practices, market diversification, regional supply dynamics.
Growth in the construction industry is expected to propel the growth of the silica sand market going forward. Cement plays a major role in the construction industry as all constructions require cement and silica sand is an important component of cement. Therefore, growth in the construction market is driving the growth of the silica sand market. For instance, in December 2022, according to the Federal Reserve Bank of St. Louis, a US-based central bank, total spending on commercial construction reached $131 million, increasing from $103 million in December 2021. Furthermore, in May 2022, the total spending on residential construction topped $954 million, increasing from $797 million in May 2021. Therefore, the growth in the construction industry is driving the growth of the silica sand market.
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The silica sand market covered in this report is segmented –
1) By Type: Wet Sand, Dry Sand, Frac Sand, Filter Sand, Coated Sand, Other Types
2) By Grade: Glass, Foundry, Chemical
3) By Mesh Size: <70 mesh, 70-120 mesh, 120-200 mesh, >200 mesh
4) By Purity: 94% To 95.9%, 96% To 97.9%, 98% To 98.95
5) By End-Use Industry: Glass Manufacturing, Construction, Filtration, Foundry, Chemical Production, Paints and Coatings, Ceramics and Refractories, Oil and Gas, Other End-Users
The development of green products using silica sand is a key trend gaining popularity in the silica sand market. Companies involved in the silica sand market are focused on discovering new usage of silica sand to sustain their position in the market. For instance, in July 2022, Polar Night Energy, a Finland-based company involved in building heat storage for renewable energy, launched sand batteries that use silica sand as a storage medium for energy generated using green sources such as wind. The company believes that the battery will not only warm the homes in winter but will also save over 100Mt CO2 emissions per year.
The silica sand market report table of contents includes:
1. Executive Summary
2. Silica Sand Market Characteristics
3. Silica Sand Market Trends And Strategies
4. Silica Sand Market – Macro Economic Scenario
5. Global Silica Sand Market Size and Growth
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26. South America Silica Sand Market
27. Brazil Silica Sand Market
28. Middle East Silica Sand Market
29. Africa Silica Sand Market
30. Silica Sand Market Competitive Landscape And Company Profiles
Top Major Players:
- ggregate Industries
- Badger Mining Corporation
- Chongqing Changjiang River Molding Material (Group) Co. Ltd
- Covia Holdings Corporation
- Superior Silica Sands
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