Press release
Silica Sand Market Size, Share, Trends, Growth Analysis, Outlook, Report, Forecast 2024-2033
Silica Sand Market
The Business Research Company offers in-depth market insights through Silica Sand Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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.
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Market Segmentation:
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: 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
Major Driver - Silica Sand Market Thrives On The Growth In The Construction Industry
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.
Competitive Landscape:
Major companies operating in the silica sand market report are Aggregate Industries, Badger Mining Corporation, Chongqing Changjiang River Moulding Material (Group) Co. Ltd, Covia Holdings Corporation, Superior Silica Sands, Euroquarz GmbH, JFE Mineral & Alloy Company Ltd, Mitsubishi Corporation, Preferred Sands, Quarzwerke GmbH, Sibelco Group, U.S. Silica Holdings Inc., Pattison Sand, PUM GROUP, Hi-Crush Inc., Sil Industrial Minerals, Tochu Corporation, Athabasca Minerals Inc., Capital Sand Company, Signal Peak Silica LLC, Atlas Sand Company LLC, Fairmount Santrol, Vista Sand, Smart Sand, Emerge Energy Services LP, Select Sands America Corp., Northern Silica Corporation, SSS White Sands, Tarmac, Hanson Lake Sands Corporation
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Top Trend - Innovative Applications Harnessing Silica Sand For Sustainable Green Solutions
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Silica Sand Market Characteristics
3. Silica Sand Market Trends And Strategies
4. Silica Sand Market - Macro Economic Scenario
5. Silica Sand Market Size And Growth
…..
27. Silica Sand Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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