Market Size of UAE Silica Sand Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Silica Sand Market Analysis
The UAE silica sand market is expected to grow with a CAGR of over 5% during the forecast period.
Silica sand is used as an ingredient in the industrial concrete mixture, cement, and specialty sand products. The construction industry, a labor-intensive sector, suffered greatly at the onset of the COVID-19 pandemic. Prolonged lockdowns, strict social distancing norms, and disruptions in the supply chain led to delays in various project completions. In some cases, projects were completely shut down owing to bankruptcy.
- However, with the manufacturing and services sector slowly resuming back to normal, the construction industry is expected to be revived alongside the revival of the country's economy.
- The growing population and rising tourism in the region are expected to drive the need for commercial and infrastructure construction strongly. This growth is expected to drive the demand for silica sand in the region.
- On the other hand, the risk of being substituted by other products and the development of sand-free construction products could potentially hinder the growth of the silica-sand market.
- The UAE government, however, took due cognizance of the potential bloom of tourism in the coming years and announced several mega projects over the next several years. This move could potentially strengthen the demand for the silica sand market within the region.
