Silica Sand - Global Markets, Regions and Trends
Silica sand is a common variety of sand found across the world. It is also known as quartz sand, white sand, and industrial sand. It is made of two elements silica and oxygen. Silica sand is very useful in various industries due to its resistance to high temperatures and chemical reactions, hardness, purity, and inertness.
Silica Sand Markets
The major market drivers for silica sand globally are the glass industry and construction industry. The glass industry accounts for more than 50% of market share for silica sands. Emerging technological advancements such as use of nanotechnology for manufacture of advanced flat glass, use of lightweight glazing glass and solar control glazing for automobiles and buildings has created a huge demand for glass. This has increased the demand for silica sand.
In the United States, the use of naturally available shale gas is becoming popular instead of crude oil. Shale gas is extracted using hydraulic fracturing processes wherein silica sand is used as a proppant. The growth in the shale gas industry will create a growth in demand for silica sand.
With infrastructure developments growing globally the construction industry is seeing a rise in demand for silica sand. The other industries that contribute to the silica sand markets are foundry, chemical production, paints and coatings, filtration, oil and gas, sand blasting, industrial casting, and ceramics.
Silica Sand Geographical Markets
The United States holds a dominant position in the global silica sand geographical market followed by Italy, Germany, Turkey, and Australia. Increase in demand for flat glass and fiber glass from the automotive and construction sectors is placing a huge demand for silica sand in emerging economies in Asia, India, and China. The use of specialty glass in the electronics industry is creating demand for silica sand in Japan and South Korea.
Silica Sand Market Trends
There is high demand for silica sand in various industrial sectors across the world. With this rise in demand, the silica sand market is expected to grow at a CAGR of 6% between 2020 and 2025. In 2018, the global silica sands market was worth US $7.4 Billion, and is projected to reach US $10.5 Billion by 2025.
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