Asia Pacific to Dominate Silica Sand Market During Forecast Period
Growing demand for silica
sand from construction market is expected to drive the growth of global silica
sand market during the forecast period
According to
TechSci Research report, “Global Silica
Sand Market By Application, By Grade, By Iron Content, By Region,
Competition, Forecast & Opportunities, 2024”, Global silica
sand market is expected to register a CAGR close to 7% over the forecast period on account of increasing
demand from the construction market, rising automotive production and sales, rising
per capita income, and technological advancements in the field of construction.
Additionally, factors such as increasing usage of hybrid guide plate,
lightweight glazing glass, solar control glazing for automotive and building
glasses, along with advanced nanotechnology in manufacturing of flat glass are positively
influencing the growth glass industry, thereby, anticipated to boost the demand
for silica sand across the globe. However, illegal mining of sand and
development of sand-free construction products are some factors that might act
as major impediment to the market during the forecast period.
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Global silica
sand market can be segmented based on application, grade, iron content and
region. Regionally, Asia-Pacific dominated the market until 2018 in terms of
having largest consumer base for silica sand and is further anticipated to
maintain its dominance during the forecast period as well which can be
attributed to high demand from the growing economies such as China and India.
Additionally, increasing construction activities coupled with growing glass and
foundry industry in the region, is further estimated to augment the demand for
silica sand market over the coming years. Also, North America is projected to
grow significantly during the forecast years on the account of its rapidly
developing oil and gas industry.
Deere and
Company, Chongqing Changjiang River Moulding Material (Group) Co. Ltd, Fairmount
Santrol, SCR- Sibelco, U.S. Silica Holdings, Mitsubishi Corporation, Tochu
Corporation, Quarzwerke GmbH, Badger Mining, Emerge Energy Services among
others are the leading players operating in global silica sand market.
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“The
global silica sand market is forecast to grow substantially during the forecast
period which can be attributed to the ongoing infrastructural projects in
various developing countries, aimed to stimulate the construction sector. This
is in turn bolstering the demand for silica sand across numerous sectors.
Additionally, rising disposable income levels is boosting the sales of
automobiles across the globe, which is projected to influence the growth of the
global silica sand industry in the coming years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Silica Sand Market By Application, By
Grade, By Iron Content, By Region, Competition, Forecast & Opportunities,
2024” has evaluated the future growth
potential of global silica sand market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global silica sand market.
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