Market Size of Silica Sand Industry
| 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
*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.
