Silica Sand Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

Silica Sand Market is Segmented by End-User Industry (Glass Manufacturing, Foundry, Chemical Production, Construction, Paints and Coatings, Ceramics and Refractories, Filtration, Oil and Gas, and Other End-User Industries) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Size and Forecasts for Silica Sand are Provided in Terms of Volume (tons) for all the Above Segments.

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Silica Sand Market Size

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Silica Sand Market Summary
Study Period 2019-2029
Market Volume (2024) 354.18 Million tons
Market Volume (2029) 455.19 Million tons
CAGR (2024 - 2029) 5.15 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Silica Sand Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Silica Sand Market Analysis

The Silica Sand Market size is estimated at 354.18 Million tons in 2024, and is expected to reach 455.19 Million tons by 2029, growing at a CAGR of 5.15% during the forecast period (2024-2029).

The market was negatively impacted due to COVID-19. Owing to the pandemic, several countries worldwide went into lockdown to curb the spread of the virus. The shutdown of numerous companies and factories has disrupted worldwide supply networks and harmed global production, delivery schedules, and product sales. Currently, the market has recovered from the COVID-19 pandemic and increasing at a significant rate.

  • Over the medium term, the major factors driving the market growth are the increasing demand from the foundry industry and the growing demand from the glass industry.
  • On the flip side, the availability of substitutes and concerns over the environmental impacts of silica sand mining is likely to restrain the market growth.
  • The growing water treatment industry is likely to act as an opportunity for the market in the coming years.
  • Asia-Pacific accounted for the highest market share, and the region is likely to dominate the market during the forecast period.

Silica Sand Market Trends

Oil and Gas Industry to Dominate the Market

  • In the oil industry, silica sand is referred to as frac sand. The hardness of silica is important here. Because of its chemical purity, it can attack corrosive environments. Its granules deposit maximizes formation cuttings, and when pumped down in deep wells, it helps improve the oil flow rate.
  • Silica sand, also known as "frac sand," comes from its use in hydraulic fracturing ("fracking"), a completion method used by oil and gas companies to produce natural gas, natural gas liquids, and oil from unconventional, low permeability reservoirs such as shale.
  • Silica sand is essential in the process of fracturing shale to release natural gas, oil, and natural gas liquids from pores in the rock. When the high-pressure water stream forces the small perforations to become larger fractures, fracking sand keeps these fractures open to continue releasing fossil fuels. When white sand (or any other type of natural or synthetic substance) is used to prop open these fractures, it is referred to as a proppant.
  • When the water pumps are turned off, the fractures must be kept open so the pores from which natural gas and oil are extracted do not deflate. That is why a proppant must be as durable and crush-resistant as possible. The longer the proppant can withstand the enormous pressure of the fractures. The more petroleum can be extracted, maximizing the well's efficiency.
  • According to the International Energy Agency, global oil consumption is expected to reach 104.1 million barrels per day by 2026. This would be a 4.4 mb/d increase over current levels. Furthermore, the International Energy Agency projects that global oil demand will increase by 1.9 mb/d in 2023 to a record 101.7 mb/d, nearly half of the increase from China when its Covid limitations were lifted.
  • The global oil demand is expected to rise by 5.7 mb/d (million barrels per day), with China and India accounting for about half of the growth by 2025. At the same time, the world's oil production capacity is expected to rise by 5.9 mb/d. Non-OPEC (Organization of the Petroleum Exporting Countries) supply is likely to increase by 4.5 mb/d as OPEC builds another 1.4 mb/d of crude and natural gas liquids capacity, indicating increased demand for the studied market in the oil and gas industry.
  • The total production of crude oil and liquid fuels in North America in 2022 was 27.81 million barrels per day, while in 2021 was 26.44 million barrels per day. According to the US Energy Information Administration (EIA), crude oil production in the United States reached 12,462 thousand barrels in January 2023, compared to 12,115 thousand barrels annually in December 2022. The United States is one of the leading countries globally in the exploration of unconventional crude oil reserves, indicating a massive opportunity for the studied market in the country.
  • Thus, due to the abovementioned points, the oil and gas industry is likely to dominate the market, which, in turn, is expected to enhance the demand for silica sand during the forecast period.
Silica Sand Market: Oil Production, in Thousand Barrels per Day, Global, 2018-2022

Asia-Pacific Region to Dominate Market

  • The Asian-Pacific region is expected to dominate the studied market, with major economies like China and India leading the growth across the region.
  • The oil and gas sector is one of the largest application industries for silica sand in China. China has invested to scale up its refining capacity over the past two decades to its growing economy. Moreover, for a long-term period, China has continuously expanded its refining capacity for all types of crudes. According to Institute for Energy Research, China is likely to register 20 million barrels of refining capacity at the end of 2025, which will trigger the demand for silica sand in the upcoming years.
  • Moreover, the crude oil output of China has registered 33.47 million tons in the first two months of 2022, about 4.6% up from the same period of the previous year. According to the National Bureau of Statistics China, the daily output of crude oil is nearly 576,000 tons.
  • The glass manufacturing industry is growing at the fastest rate in China, coupled with the growing adoption of glass in several industries, including construction and automotive. According to the National Bureau of Statistics of China, China produced approximately 43.07 million square meters of reinforced glass in April 2023. Additionally, in 2022, the total production of reinforced glass accounted for nearly 580 million square meters.
  • As of July 2022, the United Nations has estimated the current population of India over 1.4 billion. Rapid urbanization and expanding population will raise oil demand in the upcoming years. According to India Brand Equity Foundation (IBEF), India will likely register 11 million barrels daily by 2045. Diesel demand is projected to be doubled to 163 MT by 2029-30. The country is the world's third-biggest oil importer and has a refining capacity of about 249 million tons annually, equivalent to 5 million barrels per day. Its refining capacity is expected to climb to 298 million tons annually over the next five years.
  • Furthermore, the Indian glass industry's growth has been driven primarily by the construction sector. The construction and infrastructure industry holds the highest market share in the Indian flat glass market due to the growing demand for flat glass in residential building projects. Additionally, the manufacturer based in India is significantly expanding their production capacities and product portfolio. For instance:
  • In March 2022, Saint-Gobain, a French manufacturer of float glass, invested INR 500 crore (USD 67.63 million) in a new float glass facility and an integrated window line at its World Glass Campus in Sriperumbudur, west of Chennai, India.
  • The aforementioned factors indicate strong growth potential for the silica sand market in the Asian-Pacific region.
Silica Sand Market - Growth Rate by Region

Silica Sand Industry Overview

The global silica sand market is consolidated in nature. Some of the major companies in the market (not in any particular order) include Hi-Crush Inc., Covia Holdings LLC, Source Energy Services, Mitsubishi Corporation, and Sil Industrial Minerals, among others.

Silica Sand Market Leaders

  1. Hi-Crush Inc.

  2. Covia Holdings LLC

  3. Source Energy Services

  4. Mitsubishi Corporation

  5. Sil Industrial Minerals

*Disclaimer: Major Players sorted in no particular order

Silica Sand Market Concentration
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Silica Sand Market News

  • July 2022: Sibelco acquired EchasaSA, a mining company that mines silica sand from the Laminoriaquarry near Vitoria in the Basque Country in northern Spain, 160 kilometers from Sibelco's nearest silica sand quarry in Ariya.
  • April 2022: Source Energy Services has an agreement with Canadian Silica Industries Inc. and Contractor's Leasing Corp. Through this agreement, the company concluded the operation of its Peace River frac sand facility and increased its frac sand production with additional 400,000 metric tons, which will boost the company's business.

Silica Sand Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Foundry Industry

      2. 4.1.2 Growing Demand from the Glass Industry

    2. 4.2 Restraints

      1. 4.2.1 Availability of Substitutes

      2. 4.2.2 Illegal Mining of Sand

      3. 4.2.3 Concerns over Environmental Impacts of Silica Sand Mining

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter Five Forces

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 End-user Industry

      1. 5.1.1 Glass Manufacturing

      2. 5.1.2 Foundry

      3. 5.1.3 Chemical Production

      4. 5.1.4 Construction

      5. 5.1.5 Paints and Coatings

      6. 5.1.6 Ceramics and Refractories

      7. 5.1.7 Filtration

      8. 5.1.8 Oil and Gas

      9. 5.1.9 Other End-user Industries

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 Italy

        4. 5.2.3.4 France

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Badger Mining Corporation

      2. 6.4.2 Chongqing Changjiang River Moulding Material Group Co. Ltd

      3. 6.4.3 Covia Holdings LLC

      4. 6.4.4 Euroquarz GmbH

      5. 6.4.5 Hi-Crush Inc.

      6. 6.4.6 JFE Mineral & Alloy Company Ltd

      7. 6.4.7 Mitsubishi Corporation

      8. 6.4.8 PUM GROUP

      9. 6.4.9 Sibelco

      10. 6.4.10 Sil Industrial Minerals

      11. 6.4.11 Source Energy Services

      12. 6.4.12 Superior Silica Sands

      13. 6.4.13 Tochu Corporation

      14. 6.4.14 U.S. Silica

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Water Treatment Industry

    2. 7.2 Other Opportunities

**Subject to Availability
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Silica Sand Industry Segmentation

Silica sand is a type of sand with high silicon dioxide (SiO2) content. It is a naturally occurring material that is found in many parts of the world. Silica sand is used in a variety of applications, including glassmaking, foundries, and fracking, among others.

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, paints and coatings, ceramics and refractories, filtration, oil and gas, and other end-user industries. The report also covers the market size and forecasts for the silica sand market in 15 countries across major regions. For each segment, market sizing and forecasts are done in volume (tons).

End-user Industry
Glass Manufacturing
Foundry
Chemical Production
Construction
Paints and Coatings
Ceramics and Refractories
Filtration
Oil and Gas
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Silica Sand Market Research FAQs

The Silica Sand Market size is expected to reach 354.18 million tons in 2024 and grow at a CAGR of 5.15% to reach 455.19 million tons by 2029.

In 2024, the Silica Sand Market size is expected to reach 354.18 million tons.

Hi-Crush Inc., Covia Holdings LLC, Source Energy Services, Mitsubishi Corporation and Sil Industrial Minerals are the major companies operating in the Silica Sand Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia Pacific accounts for the largest market share in Silica Sand Market.

The market for Industrial Silica Sand is Segmented based on a) Type: Sodium Silicate, Potassium Silicate b) Particle Size: <40 Mesh, 40 to 100 Mesh, >100 Mesh C) Application: Metal Casting, Hydraulic Fracturing, Construction Additives, Filter Media, Glass Manufacturing d) End-use Industry: Building and Construction, Glass, Foundry and Chemicals

Silica Sand Industry Report

The global silica sand market is experiencing robust growth, driven by its extensive applications in key industries such as construction, glass manufacturing, oil and gas, and water filtration. Predominantly, the construction and glass manufacturing sectors are thriving due to the high demand for silica sand in concrete production and glass making, which is further enhanced by technological advancements and the production of energy-efficient and specialty glass. Additionally, in the oil and gas sector, particularly in North America, the demand for silica sand in hydraulic fracturing is significant, highlighting the importance of the frac sand market. Regionally, the Asia-Pacific leads in market share, fueled by rapid industrialization in China and India. Despite potential challenges from environmental concerns and alternative materials, the market is supported by innovations and the rising use of silica sand in eco-friendly constructions. The market's expansion is set to continue, underpinned by its indispensable role in industrial applications and infrastructure development. For detailed statistics and a deeper insight into the silica sand market, including historical data and a forecast outlook, download a free sample report PDF from Mordor Intelligence™ Industry Reports. This analysis is crucial for silica sand companies looking to understand the dynamics of the frac sand market.

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Silica Sand Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)