Research Nester published a report titled “Industrial Silica Sand Market: Global Demand Analysis & Opportunity Outlook 2030″ which delivers detailed overview of theglobalindustrial silica sand market in terms of market segmentation by type, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global industrial silica sand market is estimated to occupy a large revenue by growing at a CAGR of ~7% during the forecast period, i.e., 2022 – 2030, owing to the escalating demand for silica sand from industries such as glass, cosmetics, foundry and oil well cementing. Apart from these, increasing construction activities and rising production of automotive globally are also expected to drive market growth in the coming years.
The market is segmented by type and end-user industry. Based on end-user industry, the segment for glass manufacturing is anticipated to grab the largest market share during the forecast period on the back of the increasing usage of the product to manufacture flat glass, fiberglass insulation, container glass and specialty glass for various applications. Additionally, based on type, the wet sand segment is projected to garb the largest share over the forecast period ascribing to the high demand for industrial silica sand from construction industry.
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Geographically, the global industrial silica sand market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America region is evaluated to grab the largest share in the market during the forecast period attributing to the rapid growth of oil and gas sector, and rising number of activities in the hydraulic fracturing industry in the region.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Rising Applications of Silica Sand in Several Industries to Boost Market Growth
Silica sand is finding plenty of applications in the glass manufacturing and construction industries across the world as a result of its high chemical purity. In addition, there is a rapidly growing demand for flat glass and architectural glass all across the globe, which in turn is predicted to accelerate the market growth significantly in the near future.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, high cost of transportation of industrial silica sand is expected to operate as key restraint to the growth of the global industrial silica sand market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global industrial silica sand market which includes company profiling of Quarzwerke GmbH, Mitsubishi Corporation, U.S. Silica Holdings, Inc., Covia Holdings LLC, Sibelco NV, Hi-Crush Inc., Chongqing Chnagjiang River Moulding Material Co., Ltd, Australian Silica Quartz Group Ltd, VRX Silica Limited, Adwan Chemical Industries Company, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global industrial silica sand market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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