The Silica Sand Global Market Report 2023, provides comprehensive information on the silica sand market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Silica Sand Global Market Report 2023, the market size is expected to grow from $16.91 billion in 2022 to $18.17 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions and affecting many markets across the globe. The global silica sand market size is expected to reach $23.33 billion in 2027 at a CAGR of 6.5%.
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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 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
Asia-Pacific was the largest region in the silica sand market in 2022.
The table of contents in TBRC’s silica sand market report includes:
1. Executive Summary
- Silica Sand Market Characteristics
- Silica Sand Market Trends And Strategies
- Silica Sand Market – Macro Economic Scenario
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28. Key Mergers And Acquisitions In The Silica Sand Market - Silica Sand Market Future Outlook and Potential Analysis
- Appendix
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