Global Silica Sand Market By Application, Region, Growth, Opportunities and Forecast 2018-2023
Global Silica Sand Market to Cross 238 Million Tons by 2023
United States, 8 February 2018 -- The global silica sand market is currently growing at a healthy rate. Silica sand is now being increasingly used all over the world on account of its functional properties such as high elasticity, durability, compressive strength, etc.
Silica sand, also known as industrial sand, is an abundantly available sand on earth. It is rich in quartz, a mineral, which is composed of silicon dioxide. Some other minerals are also present in silica sand in small quantities such as aluminium, feldspar and iron-bearing minerals. Silica sand finds several industrial applications owing to its high proportions of silica and less amount of other metals. A new research report by IMARC Group, titled “Silica Sand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the market reached a volume of over 188 Million Tons in 2017. The report further anticipates the market to cross, at a projected CAGR of more than 4.0% over the forecast period.
Rising demand for silica sand in the production of fiberglass owing to its mechanical properties such as light-weight and resistance to heat. This represents a major driving force stimulating the market growth.
Another factor which has highly contributed to the market growth is the easy availability of raw materials of silica sand, namely pure quartz grains or silicon dioxide which is one of the most commonly found minerals on earth.
As silica sand is economical in nature, it is used by different manufacturers all over the world for a number of applications such as paving roads, making glass, water, sand finishes in paints and coatings, etc.
However, there are several environmental factors that hamper the global silica sand market growth. The process of mining silica results in depletion of groundwater table as mining reduces large amounts of water from the ground table.
Based on end-use, the report finds that some of the end-use industries of silica sand are glass, foundry, hydraulic fracturing, filtration and abrasives. In the glass industry, silica sand is employed for the production of glass containers, flat glass, reinforcement fiberglass, insulation fiberglass and specialty glass.
On a geographical front, some of the major markets are the United States, Italy, Germany, Turkey and Australia. Amongst these, the United States exhibits a clear dominance in the market with the majority of the share.
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive. Some of the leading players operating in the market are:
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.
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!
Scoop Line (Instant Information Request) The easiest way to ask questions and request information from the PR community.
Advanced Search Drill down, dig deep, for media information the way you want it.