Europe Silica Sand for Glass Making Market is anticipated to surpass US$ 1.6 Bn by 2032

According to Future Market Insights (FMI), Europe silica sand for glass making market is expected to reach a valuation of US$ 1.06 Bn by 2022. Growth in the market is underpinned by growing preference for sustainable packaging solutions coupled with rising demand for glass bottles across food & beverage industry.

Europe silica sand market for glass making is highly influenced by the demand for glass from the food & beverage industry. Hence, leading manufacturers pack alcoholic drinks in glass bottles or containers. Another key factor contributing to the growth is that glass packaging preserves the original taste or quality of the drink inside as compared to metal or plastic.

On the back of these factors, the Europe silica sand for glass making market is projected to register a CAGR of 4.6% over the forecast period of 2022-2032.

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Key Takeaways of Europe Silica Sand for Glass Making Market Study
• By purity type, high purity sales are expected to grow at a CAGR of 7% with an absolute dollar opportunity of US$ 536.6 Mn during the forecast period.
• The demand for silica sand for glass applications is anticipated to increase at a significant rate during the forecast period.
• Germany is estimated to create an absolute dollar opportunity worth US$ 305.8 Mn by the end of the forecast period.
• In terms of application, the glass container segment is anticipated to hold a 9% share of the total Europe silica sand market for glass making.

"Increasing demand for glass from several industries such as food & beverage, packaging, and others is expected to create significant growth opportunities for silica sand suppliers/ manufacturers. Trend of sustaible packaging and green construction techniques is creating conducive environment for the manufacturers," says an FMI analyst

Silica Sand for Glass Making Market Moving towards Consolidation

The silica sand market for glass making is significantly driven and dominated by a handful of players with extensive R&D capabilities. Tier-I manufacturers in the Europe silica sand market for glass making are Imerys Refractory Minerals, Sibelco Group, Mitsubishi Corporation, Tarmac Central Ltd, and TERMIT d.d. These players are focusing on joint ventures, partnerships, and collaborations to build on their product expertise and enhance market dominance.

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Know More About the Silica Sand for Glass Making Market:

The research report analyses the market demand trend for silica sand. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights' research scope, the Silica Sand Market report is studied and analyzed in the following segments such as by purity, application, end-user, and regions. The Silica Sand Market report gives us qualitative and quantitative information about the companies.

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Report: https://www.futuremarketinsights.com/reports/europe-silica-sand-market

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.