The global silica sand market size was US$ 21.6 billion in 2021. The global silica sand market size is forecast to reach US$ 32.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period.
The most common type of sand found worldwide is silica sand, generally known as industrial sand. There are many applications of silica sand, including paving roads, glass making, foundries, coal-burning boilers, oil and water filtration, industrial casting, sandblasting, etc. In addition, silica sand is important in the hydraulic fracturing process, where the demand for the material has increased significantly. Silica sand's advantageous properties, such as strength, high silica content, resistance to heat, and chemical, have played a crucial role in its development.
Factors Influencing Market Growth
Among the factors driving the global market growth include the rising demand from the foundry industry, the growing construction industry, and increasing demand from the glass industry.
The increasing demand for silica sand from various end-users such as industrial casting, sandblasting, and glass making fuels the global market growth.
Illegal mining of sand and the expansion of sand-free construction products may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global silica sand market. Numerous preventive measures such as lockdowns, suspensions of trade, and closures of factories had negatively impacted the silica sand market. The COVID-19 crisis has affected revenue generation activities directly. In order to prevent the spread of COVID-19, manufacturing units worldwide have temporarily closed. The oil and gas industry were among the worst-hit sectors worldwide due to the lockdown imposed in different countries and the subsequent decrease in the demand from end-users. In addition, the COVID-19 pandemic had a severe impact on the construction and many other manufacturing industries.
Regional Insights
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the rising urbanization and the availability of raw stuff, which enables enhancing the different end-user industries. The increasing demand for oil and gas industries in Japan, India, Australia, and New Zealand is fueling the market growth in the region.
North America is forecast to hold a significant share of the market over the forecast. As a result of the rising consumption of silica sand used for glass purposes. The growing demand for frac sand increases the demand for the shale gas industry, which fuels the market growth. In addition, the rising shale gas industry based in the US and the increasing number of industry players in the region drives the market growth.
Leading Competitors
The leading prominent companies profiled in the global silica sand market are:
Hi-Crush Incorporated
Quarzwerke GmbH
U.S. Silica Holdings, Incorporated
SCR-Sibelco N.V.
JFE Mineral Company Limited
Chongqing Changjiang River Moulding Material (Group) Co. Limited
Mitsubishi Corporation
Other Prominent Players
Scope of the Report
The global silica sand market segmentation focuses on End-User and Region.
Segmentation based on End-User
Glass Industry
Foundry
Hydraulic Fracturing
Filtration
Abrasives
Others
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Meta Title: Silica Sand Market Size, Share, Insight and Forecast 2022 To 2030
Meta Description: Global Silica Sand Market is projected to reach US$ 32.9 billion by end of 2030 from US$ 21.6 billion in 2021, at a CAGR of 6.5%
Meta Keywords: silica sand market Size, silica sand market share, silica sand market trend, silica sand market Forecast, silica sand market insight