Press release
Asia Pacific Silica Sand Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032
Asia Pacific Silica Sand Market Latest Report 2024-2032
How Big is the Asia Pacific Silica Sand Market?
The Asia Pacific silica sand market size reached US$ 6.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2024-2032. The growing number of infrastructure and construction activities, rising utilization in environmental remediation and waste management, and increasing employment in the oil and gas industry for hydraulic fracturing operations are among the key factors driving the market growth.
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Asia Pacific Silica Sand Market
Silica sand, commonly referred to as industrial sand, is a granular substance made up of silicon dioxide (SiO2), feldspar, clay, and iron oxides. It is a naturally occurring form of quartz that is found extensively all over Earth. It has increased hardness, low impurity concentration, resilience to weathering, and low conductivity. Apart from this, it improves transparency, strength, and resistance to heat and chemicals. Silica sand is in high demand in the Asia Pacific region due to its widespread use in foundry casting and water filtering.
The growing use of silica sand in the oil and gas sector for hydraulic fracturing (fracking) operations is primarily driving the market in the Asia Pacific region. In addition to this, the increasing utilization in the foundry sector for creating accurate and high-quality metal castings is further stimulating the market growth. Moreover, the growing demand in the electronics sector for high-purity silica sand for semiconductor fabrication is another important factor driving the market. Besides this, the increasing need for high-purity silica sand in the production of solar panels and silicon-metal composite materials is creating a positive market outlook in the Asia Pacific. Additionally, the growing usage of silica sand in the automobile industry for specialized glass production is driving market growth. Furthermore, the rising demand for silica sand caused by the region's thriving industrial sector is expected to propel the market for silica sand in the coming years.
Asia Pacific Silica Sand Industry Segmentation:
Breakup by End Use:
• Glass Industry
• Foundry
• Hydraulic Fracturing
• Filtration
• Abrasives
• Others
Breakup by Country:
• China
• India
• Malaysia
• South Korea
• Japan
• Australia
• Others
Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=2310&flag=C
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
IMARC Group
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Email: sales@imarcgroup.com
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