Press release
Global Industrial Silica Sand Market To Top US$ 15 Billion By 2031
The composition and texture of industrial silica sand is suitable for various industrial applications. It is known to be used as a primary structural component in a wide variety of building and construction projects. It is an essential raw material in glass products to provide strength, color, clarity, and other physical properties to the glass.
Glass, a key application area of industrial silica sand, has been one of the most versatile modern materials. Modern scientific techniques and advanced technologies have enabled manufacturers to advance their knowledge and command of glass at a significant rate.
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Key Takeaways from Market Study
Global industrial silica sand Industrial Silica Sand Market to top US$ 15 Bn by 2031.
Sodium silicate projected to reach around US$ 9 Bn by 2031.
Potassium silicate projected to record above 4% CAGR over the decade.
Market in China to record 3% CAGR over forecast period of 2021- 2031.
North America is the most lucrative region and will generate over 50% revenue by 2031.
Market in Germany projected to expand at above 4% CAGR through 2031.
Key Segments Covered in Industrial Silica Sand Industry Research
Type
Sodium Silicate
Potassium Silicate
Particle Size
100 Mesh Industrial Silica Sand
Application
Industrial Silica Sand for Metal Casting
Industrial Silica Sand for Hydraulic Fracturing
Industrial Silica Sand for Construction Additives
Industrial Silica Sand for Filter Media
Industrial Silica Sand for Building & Construction
Industrial Silica Sand for Glass Industry
Industrial Silica Sand for Foundry
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Competitive Landscape
The Industrial Silica Sand Market is highly competitive with the presence of local as well as global companies. Top companies in the industrial silica sand Industrial Silica Sand Market are adopting several growth strategies such as product launches, acquisitions and collaborations, contributing to the growth of the industrial silica Industrial Silica Sand Market globally.
Top sodium silicate producers and top potassium silicate suppliers are favoring acquisition and collaboration as the growth strategy for building revenue for their firm.
In 2021, Canadian Premium Sand Inc. announced a shift in the company's business strategy towards developing its Wanipigow silica sand deposit into a sustainable float glass manufacturing and coating facility. This facility is designed to utilize the best available technology focusing on sustainability initiatives such as waste heat recovery and optimizing the use of Manitoba's abundant and inexpensive renewable electricity to set a new standard for low-carbon-footprint glass manufacturing.
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Key Questions Answered in Report
Which are the most lucrative markets for Industrial Silica Sand ?
Which factors will impact the growth of the Industrial Silica Sand Market?
How will changing trends impact the strategies of Industrial Silica Sand Market players?
How can Industrial Silica Sand Market players capture the low-hanging opportunities across regions?
Which companies are leading the Industrial Silica Sand industry?
What are the winning strategies of stakeholders in the Industrial Silica Sand Market?
The report answers important questions which include:
Why is player leading the in region?
Which factors pose a negative impact on the growth?
What was the value registered in 2022?
What challenges do the players face during R&D stages?
Which countries contribute a significant share to the total revenue in region?
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