|Fastest Growing Market:||Asia Pacific|
|Largest Market:||Asia Pacific|
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The silica sand market is projected to register a CAGR of over 6% during the forecast period (2022-2027).
The COVID-19 pandemic affected the market negatively. However, the situation recovered in 2021, and the market is now at the pre-pandemic level.
Over the medium term, the major factors driving the market growth are the increasing demand from the foundry industry, growth in the construction industry, and demand from the glass industry. On the flip side, illegal mining of sand and the development of sand-free construction products are likely to affect the market studied.
The Asia-Pacific region is expected to dominate the market, and it is estimated to witness the highest CAGR during the forecast period.
Scope of the Report
Silica sand is quartz that has been broken down into tiny granules over time through the work of water and wind. In open-pit operations, silica sand deposits are most commonly surface-mined, but dredging and underground mining are also used. The silica sand market is segmented by end-user industry and geography. By end-user industry, the market is segmented into glass manufacturing, foundry, chemical production, construction, oil and gas, and other end-user industries. The report also covers the market sizes and forecasts for the market in 15 countries across the major regions. For each segment, the market sizing and forecast have been done on the basis of volume (kilotons).
|Paints and Coatings|
|Ceramics and Refractories|
|Oil and Gas|
|Other End-user Industries|
Key Market Trends
Increasing Demand from the Glass Industry
The glass manufacturing industry is one of the largest end-user industries of the silica sand market.
Silica sand is the chief component in all types of standard and specialty glasses. It provides the essential SiO2 (silicon dioxide) component for glass formulation, and its chemical purity is the primary determinant of color, clarity, and strength.
The market for silica sand in this application segment is expected to benefit heavily from the increasing demand for flat glass and fiberglass from the rapidly growing electronics and construction sectors in the emerging economies in Asia, especially India and China.
The use of specialty glass in the reputable electronics sector in developed countries, like South Korea and Japan, is expected to further aid the growth of the glass manufacturing industry, which in turn, may increase the demand for silica sand.
Furthermore, glasses are also being used extensively in the construction industry in windows, façades, doors, interior partitions, balustrade, shopfronts, and railings for stairs and balconies, among other building parts, providing potential opportunities for the usage of glasses, which may further boost the demand for silica sand in the coming years.
All the aforementioned factors are expected to drive the global market during the forecast period.
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India is Expected to Dominate the Asia-Pacific Market Growth
India is expected to dominate the Asia-Pacific market growth. The Indian Ministry of Mines has classified sand as a minor mineral, along with marble, clay, and others. The minor minerals account for about 12% of the total mining industry in India.
Silica sand in India is used for various applications, such as glass formation in foundries, chemical production, construction, paints, etc.
India is one of the major countries in the global construction market, both in terms of revenue and market growth potential. India represents the tenth-largest economy in the world and the third-largest in terms of purchasing power parity.
The domestic construction industry witnessed a slowdown during the financial year 2020-2021 due to the COVID-19 pandemic, but the lion's share of projects in the commercial space has driven the construction activities after the easing of lockdown, as they were either in public-private partnerships (like smart city) or public projects, which were already budgeted.
In the residential segment, the government is pushing huge projects for the next few years. The government’s ‘Housing for All’ initiative aims to build more than 20 million affordable homes for the urban poor by 2022. This will provide a significant boost to residential construction, which will account for a third of the industry’s total value by 2023.
India’s silica sand market is expected to register a healthy growth rate because of the growing construction and foundry industry.
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The silica sand market is partially consolidated. In terms of market share, a few of the major players currently dominate the market. Key players in the silica sand market (not in any particular order) include Chongqing Changjiang River Moulding Material (Group) Co. Ltd, Covia Holdings LLC, Sibelco, US Silica, and Mitsubishi Corporation, among others.
The recent developments pertaining to the major players in the market are being covered in the complete study.
Table of Contents
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1.1 Increasing Demand from the Foundry Industry
4.1.2 Growing Demand from the Glass Industry
4.2.1 Development of Sand-free Construction Products
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 End-user Industry
5.1.1 Glass Manufacturing
5.1.3 Chemical Production
5.1.5 Paints and Coatings
5.1.6 Ceramics and Refractories
5.1.8 Oil and Gas
5.1.9 Other End-user Industries
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.2.2 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.2.4 South America
22.214.171.124 Rest of South America
5.2.5 Middle-East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 South Africa
184.108.40.206 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share(%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Badger Mining Corporation
6.4.2 Chongqing Changjiang River Moulding Material (Group) Co. Ltd
6.4.3 Covia Holdings LLC
6.4.4 Emerge Energy Services
6.4.5 Euroquarz GmbH
6.4.6 Hi-Crush Inc.
6.4.7 JFE MINERAL Co. Ltd
6.4.8 Mitsubishi Corporation
6.4.9 Pioneer Natural Resources Company
6.4.10 PUM GROUP
6.4.12 Source Energy Services
6.4.13 TOCHU CORPORATION
6.4.14 U.S. Silica
6.4.15 Xinyi Golden Ruite Quartz Materials Co. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Silica Sand Market market is studied from 2017 - 2027.
What is the growth rate of Silica Sand Market?
The Silica Sand Market is growing at a CAGR of >6% over the next 5 years.
Which region has highest growth rate in Silica Sand Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Silica Sand Market?
Asia Pacific holds highest share in 2021.
Who are the key players in Silica Sand Market?
Sibelco , Mitsubishi Corporation , Chongqing Changjiang River Moulding Material (Group) Co., Ltd, U.S. Silica, Covia Holdings LLC are the major companies operating in Silica Sand Market.