Silica Sand Market Size Worth $29.7 Billion By 2030: IndustryARC

Global Silica Sand Market size is predicted to reach $29.7 billion by 2030, growing at a CAGR of 5% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increasing demand from the construction and glass manufacturing industries, along with advancements in hydraulic fracturing techniques, propels market growth, finds IndustryARC in its recent report, titled “Silica Sand Market – By Purity (94% to 95.9%, 96% to 97.9%, 98% to 98.9%, and Above 99%), By Silica Sand (Wet Sand, Dry Sand, Frac Sand, Filter Sand, Coated Sand, and others), By Application (Glass Manufacturing, Chemical Production, Foundry, Construction, Paints & Coatings, Ceramics & Refractories, Filtration and Water Production, Oil & Gas Recovery and others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”

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APAC to Register Highest Growth:

The region’s burgeoning construction sector, driven by substantial infrastructure development initiatives in countries such as China, India, and Southeast Asia, serves as a primary catalyst for the rising demand for silica sand. APAC’s expanding glass manufacturing industry, particularly in automotive and solar panel applications, further accelerates market growth. Additionally, the region’s commitment to sustainable building practices and adoption of energy-efficient technologies contribute significantly to the demand for high-quality silica sand in construction materials. With substantial investments in renewable energy and infrastructure projects, APAC is poised for significant growth, leveraging its dynamic economic landscape and strategic industrial advancements.

Silica Sand Market 2024-2030: Scope of the Report

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Silica Sand Market Report – Key Takeaways:

• Above 99% Dominated the Silica Sand Market

In 2023, silica sand with purity above 99% dominated the market and is projected to grow at a CAGR of 5.4% in the forecast period. Silica sand of 99.5% purity is crucial in glass manufacturing, where it combines with limestone and soda ash at high temperatures to produce commercial glass. The sand must exhibit uniform grain size and at least 99.5% silica content. To produce solar-grade silicon for photovoltaic applications, impurities in silica sand are reduced using photothermal treatment, which attracts impurities to the grain surface for removal through acid dissolution. Analyzed by inductively coupled plasma atomic emission spectrometry (ICP-AES), the process achieves a purity range of 99.76% to 99.96%, with an average impurity removal efficiency of 83.33%.

• Rapid Growth of Wet Silica in Silica Sand Market

In 2023, wet silica dominated the Silica Sand Market and is anticipated to grow at a CAGR of 5.4% through the forecast period. This type of silica sand is prized for its high silica content (SiO2) and finds extensive use in the glass industry, construction sector, golf courses, and various other applications. Its specific grain size and composition make it ideal for meeting the stringent requirements of these diverse markets. Notably, wet silica sand is renowned for its suitability in constructing and maintaining golf courses across the Portuguese and Spanish peninsulas, where it is utilized on greens, tees, bunkers, and pathways.

• Glass Manufacturing Dominated the Silica Sand Market

Glass manufacturing applications dominated the Silica Sand Market in 2020 and are projected to grow at a CAGR of 4.7% throughout the forecast period. According to the National Industrial Sand Association (NISA), silica accounts for over 70% of the weight of various commodities required for glass production. This segment encompasses flat glass used in automotive and construction sectors, fiberglass insulation, specialty glass, and container glass for food, beverages, and tableware. Significant investments and expansions in response to increased demand from these sectors are expected to drive market growth during the forecast period from 2024 to 2030.

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Key Opportunity Analysis:

Expanding Use in Hydraulic Fracturing

The expanding use of hydraulic fracturing (fracking) in the oil and gas industry presents a substantial opportunity for the global silica sand market. Silica sand is a key component in fracking fluids, acting as a proppant to keep fractures open in underground rock formations, allowing oil and gas to flow freely. With the rise in unconventional oil and gas exploration, particularly in regions like North America and the Middle East, the demand for silica sand has increased significantly. As energy companies seek to maximize extraction efficiency and output, silica sand suppliers can capitalize on this trend by providing high-purity sand tailored to meet the industry’s specific needs.

Growth in Solar Energy Applications

The increasing focus on renewable energy sources, particularly solar energy, presents a significant opportunity for the global silica sand market. Silica sand is a crucial component in producing photovoltaic (PV) cells used in solar panels, essential for harnessing solar energy. As governments and businesses prioritize sustainability and reducing carbon emissions, the demand for solar panels is rising, driving the need for silica sand. Technological advancements in solar panel manufacturing further enhance the efficiency and cost-effectiveness of PV cells, spurring their adoption across residential, commercial, and industrial sectors. Capitalizing on this trend allows silica sand suppliers to establish themselves as key players in the expanding renewable energy landscape.

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The report also covers the following areas:

• Silica Sand Market Size and Forecast
• Silica Sand Market Trends
• Silica Sand Market Analysis by Product Type

Silica Sand Market 2024-2030: Key Highlights

• CAGR of the market during the forecast period 2024-2030
• Value Chain Analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Silica Sand Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Silica Sand Market

Covid and Ukrainian Crisis Impact:

• Due to COVID-19, the global silica sand market experienced disruptions in production and supply chains, particularly affecting construction and glass manufacturing sectors. Lockdowns and restrictions led to project delays and reduced construction activities worldwide, impacting demand for silica sand. Moreover, logistical challenges and fluctuations in raw material prices further strained market dynamics, affecting both suppliers and consumers. As economies recover, pent-up demand and resumption of construction projects are expected to gradually revive silica sand consumption, albeit with lingering uncertainties over supply chain resilience and market stability.
• The Russia-Ukraine war has introduced additional complexities to the silica sand market. Geopolitical tensions and sanctions have disrupted trade routes and heightened uncertainty in global commodity markets, including silica sand. The conflict’s impact on energy prices and raw material availability, crucial for glass manufacturing and construction, has created supply chain vulnerabilities. Moreover, geopolitical instability has prompted market participants to reassess risk exposures and diversify sourcing strategies, potentially influencing long-term market dynamics. Efforts to mitigate geopolitical risks and stabilize supply chains remain critical for sustaining silica sand market growth amidst ongoing global uncertainties.

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List of Key Market Players in the Silica Sand Market:

The Global Silica Sand Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Sibelco
• Hi-Crush Inc.
• S. Silica Holdings Inc.
• JFE Holdings Inc.
• Mitsubishi Corporation
• Covia Holdings LLC
• Badger Mining Corporation
• PUM Group
• Quarzwerke GmbH
• Chem Source Egypt

Related Reports:

Industrial Silica Sands Market is forecast to reach US$29.78 billion by 2030, after growing at a CAGR of 5% during 2024-2030.

Frac Sand Market is anticipated to attain a market value of $14.1 billion by 2030, exhibiting a steady compound annual growth rate (CAGR) of 8.2% during the forecast period spanning from 2023 to 2030.

About IndustryARC:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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