Silica Sand Market is anticipated to grow at a CAGR of 6.45% from 2021 to 2027 globally - Axiom MRC
Silica Sand Market is anticipated to grow at a CAGR of 6.45% from 2021 to 2027 globally - Axiom MRC
Date: December 2021
New York, December 2021: Axiom Market Research & Consulting™ added a report on silica sand market which includes study on product type, end use industry, and geography. The silica sand market was projected to grow at a CAGR of 6.45% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) generated by the silica sand market.
The factors such as increasing use of silica sand in the applications like glass making, paving the roads, coal burning boilers, industrial casting, foundries, oil and water filtration, sandblasting and many others, along with the increasing demand for the silica sand from the glass industry, increase in the demand from the construction market, growing automotive production and sales, rising per capita income and ongoing technological advancements are contributing to the growth of silica sand market.
The report analyses the silica sand market based on the product type, end use industry and geography. By product type, the silica sand market is segmented into wet sands, dry sand, frac sand, filter sand, and coated sand. By end use industry, the silica sand market is segmented into global silica sand market are glass manufacturing, foundry, chemical production, construction, paints and coatings, ceramics and refractories, filtration, oil and gas, and other end-user industries. Geographically, the silica sand market is studied for the regions including North America, Europe, Asia Pacific, and Rest of the World.
Wet and Dry silica sand product type segment has been widely used in the silica sand market
The wet silica and the dry silica sands are widely used in a variety of the applications in the silica sand market. Although, the frac sand is a naturally occurring quartz or crystalline silica sand, which is processed from the high-purity sandstone, and the filter sand is mainly used in the water filtration industry.
The glass manufacturing end use industry segment is expected to witness fast growth in silica sand market
The silica sand is widely used for the application of glass making in the glass industry, and it is also a main ingredient in the production of the glass manufacturing and also a major component in the standard glass products like the glass doors, windows, beer bottles and many others which is driving the growth of the segment.
North America held highest market share in silica sand market
The factors such as increasing production volume of the silica sand across the Unites States, along with the presence of the well-established end use industries across the region of North America and wide existence of the major market players are propelling the growth of the market in the region.
Key Players
The key players in the silica sand market are Badger Mining Corporation, Chongqing Changjiang River Moulding Material (Group) Co. Ltd, Covia Holdings LLC, Emerge Energy Services, Euroquarz GmbH, Hi-Crush Inc, JFE Mineral Co. Ltd, Mitsubishi Corporation, Pioneer Natural Resources Company, Pum Group, Sibelco, Source Energy Services, Tochu Corporation, U.S. Silica, and Xinyi Golden Ruite Quartz Materials Co. Ltd among others.