GCC Silica Sand Market Size, Share, Demand, Report, Forecast 2024-2032

IMARC Group, a leading market research company, has recently releases report titled "GCC Silica Sand Market by End Use (Glass Industry, Hydraulic Fracturing, Foundry, Filtration, Abrasives, and Others), and Country 2024-2032". The study provides a detailed analysis of the industry, including the GCC silica sand market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the GCC Silica Sand Market?

The GCC silica sand market size reached US$ 398.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 739.5 Million by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.

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GCC Silica Sand Market Trends and Drivers:

The expanding construction, as well as infrastructure sectors in the region, are the factors responsible for the growth of the GCC silica sand market. Additionally, the demand for high-quality silica sand is escalating, as it is a key ingredient in concrete and glass production, as countries like Saudi Arabia, the UAE, and Qatar continue to invest heavily in large-scale construction projects. Moreover, the rapid urbanization along with population growth in these countries is further fueling the need for residential, commercial, and industrial buildings, thus boosting the silica sand market. The expansion of the glass manufacturing industry, driven by the increasing need for glass products in the construction and automotive sectors, is also contributing to market growth.

Another major trend in the GCC silica sand market is the rising demand for high-purity silica sand in the oil and gas industry. In addition to this, silica sand is crucial for hydraulic fracturing (fracking), a technique extensively used in the region to extract oil and natural gas. The progressive developments in the oil and gas sector, supported by substantial investments and technological advancements, are driving the need for specialized silica sand. Furthermore, the focus on diversifying the economy away from oil dependency is leading to increased investment in manufacturing and industrial sectors, where silica sand plays a vital role. Apart from this, environmental regulations and sustainability initiatives are also encouraging the adoption of advanced processing techniques to produce eco-friendly silica sand, which is anticipated to drive the GCC silica sand market over the forecasted period.

Leading Companies Operating in the GCC Silica Sand Industry:

• Al-Rashed Cement Company
• Alsalam Almasi
• BMS Factories
• Delmon Group
• Gulf Minerals & Chemicals LLC
• Majd Al Muayad
• Mitsubishi Corporation
• Muadinoon

Key Report Segmentation:

The report is organized into distinct sections as follows:

End Use Insights:

• Glass Industry
• Hydraulic Fracturing
• Foundry
• Filtration
• Abrasives
• Others

Country Insights:

• Saudi Arabia
• United Arab Emirates
• Kuwait
• Oman
• Qatar
• Bahrain

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=8070&flag=C

Other Key Points Covered in the Report:

• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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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.

This release was published on openPR.