Market Size of Asia-Pacific Silica Sand Industry
|2019 - 2029
|Base Year For Estimation
|Forecast Data Period
|2024 - 2029
|Historical Data Period
|2019 - 2022
*Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Silica Sand Market Analysis
The Asia-Pacific Silica Sand Market size is expected to grow from 144.19 million tons in 2023 to 185.08 million tons by 2028, at a CAGR of 5.12% during the forecast period (2023-2028).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- The major factor driving the market studied is consistent economic growth leading to increased construction and use in the foundry industry.
- Illegal mining of sand and the development of sand-free construction products are expected to hinder the market's growth.
- Increasing application in the water treatment Industry and the development of sand-based treatments in dentistry and biotechnology are expected to act as opportunities for the market studied in the forecast period.