Silica Sand Market Grow at a CAGR of 6.75% from 2021 to 2030

The silica sand market occupies a CAGR of 6.75% and is expected to reach a silica sand market value of USD 21, 657.8 million during the forecast period till the end of 2030. The chemical component known as silica is made up of silicon and oxygen in a 1:2 ratio. Quartz makes up the majority of the granular components that make up silica sand, with smaller amounts of clay, coal, and other minerals also present. Industrial sand is worn into microscopic sand particles over time by the action of water and wind.

Additionally, it possesses exceptional qualities including strong thermal resistance, hardness, and chemical inertness that make it excellent for a variety of applications, including glassmaking, hydraulic fracturing, and water treatment, among others.Additionally, it is widely utilised as a raw material in a variety of industries, including consumer electronics, automotive, chemicals, and construction, to produce flat glass, screen-printed glass, annealed glass, and tempered glass.

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Due to silica sand’s rising usage in glassmaking applications due to its high thermal strength, high melting point, superior refractoriness, and grain strength, the glass sector is predicted to be the main driver of the worldwide silica sand market. The increased demand for silica sand in the foundry sector for the metal casting of both ferrous and non-ferrous alloys is also anticipated to contribute to the growth of the global market.

However, the only obstacle to the worldwide silica sand market’s further expansion is consumers’ growing worries about the possible negative effects of breathing in crystalline silica on their health (RCS). Furthermore, strict regulatory rules for the mining of sand used in fracking are projected to further impede the expansion of the global market in the years to come. Nevertheless, it is anticipated that increased shale gas development in the US and rising proppant use in the oil & gas sector will present profitable prospects for market participants. Furthermore, it is projected that during the forecast period, active shale gas exploration in Asian nations like China and Japan will present enormous potential to silica sand manufacturers.

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Market Segmentation:

The mesh size, grade, method, application, and geography are the market segments used to divide the silica sand market into subgroups. According to mesh size, the segment with 70 mesh had the biggest market share (42.19%) in 2018 and is projected to have the highest CAGR (7.22%) over the next years. This is because more and more 70 mesh silica sand is being used in crucial processes including glassmaking, hydraulic fracturing, building, and water treatment. Additionally, it demonstrates strong grains, sphericity, improved refractoriness, and strong thermal strength.

y grade, the glass category commanded a sizeable market share of 41.22% in 2018 and is anticipated to experience the highest CAGR of 7.33% over the course of the assessment year. The manufacturing of flat glass, annealed glass, and screen-printed glass for the automotive and construction industries is largely to blame for the increase in demand for glass grade silica sand. Additionally, the demand for the worldwide silica sand market is anticipated to increase due to the solar industry’s strong expansion and rising glass panel use.

According to process, the dry silica sand category had the most market share (61.00%) in 2018 and is expected to continue growing at the fastest CAGR (7.18%) over the next several years.Additionally, it is anticipated that the rising use of dry silica sand in glassmaking and hydraulic applications will reduce moisture content.

Hydraulic fracturing application held the greatest market share (41.39%) by application in 2018 and is anticipated to reach USD 10,180.7 million by 2024. It is frequently utilised in the shale gas and oil industries as a proppant in hydraulic fracturing. Due to the increasing use of silica sand in glassmaking for the automotive and construction industries, the glass application category is predicted to develop at the highest CAGR of 7.21% in the coming years.

Regional Analysis:

Due to its use in specialty cement, flooring compounds, and mortars, the expanding construction industry in developing nations in the Asia-Pacific region like India and South-East Asian nations like Indonesia, Thailand, and Malaysia is also predicted to support the growth of the silica sand market globally.

Key Players:

Fairmount Santrol (US), Sibelco (Belgium), Toyota Tsusho Corporation (Japan), IMOSA (Spain), Emerge Energy Services (US), Badger Mining Corporation (Germany), Cairo Fresh for Minerals & Quarries Materials (Egypt), Tochu Corporation (Japan), Euroquarz GmbH (Germany), and American Elements (US).

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