Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Silica sand is also known as industrial, white, or quartz sand. This sand is made up of two major elements such as silica and oxygen, specifically, silicon dioxide (SiO2). Silica sand includes both physical and chemical properties such as color, hardness, boiling, and melting point. Metal casting, glassmaking, metal production, construction, paint and coating, oil and gas recovery, filtration and water production are some of the major application areas of silica sand.
Asia Pacific is one of the largest consumers of silica sand across the globe. Increasing use of silica sand in the glass and foundry industries across the region is major driving factor behind the market growth. The rapid development of solar infrastructures in the region is making more demand for silica sand for the manufacturing of photovoltaic panels, which is ultimately propelling the market growth. In addition, the growing market for consumer electronics and automobile industry and increased use of silica sand in manufacturing specialty glass are further flourishing the market growth.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the silica sand market. In addition, complete analysis of changes on silica sand market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Asia Pacific economies, international trade, business investments, GDP and marketing strategies of key players present in the market. COVID-19 impact on the silica sand market was moderate owing to the decline in demand from glass, building & construction, water filtration and many other industries.
The study analyses Asia Pacific silica sand market based on product type, end use industry and country.
Various product types such as wet sands, dry sand, frac sand, filter sand, and coated sand are covered in the Asia Pacific silica sand market. Increasing significance of these sands in a variety of industrial applications is impelling the market growth. For instance, silica sand is widely used for the water filtration application. Silica sand is commonly used in water filtration in various applications such as in swimming pool, chemical processing, power generation, paper processing, and wastewater treatment.
Major end use industries of the Asia Pacific 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. Glass manufacturing segment dominated the market in 2020 and is expected to maintain its dominance during the forecast period. Silica sand provides most important Silicon Dioxide (SiO2) ingredient for glass production. It makes silica sand the main component in all kinds of specialty and standard glass. Silica sand is also essential in the construction of the residential, commercial as well as industrial buildings. It is used to produce flat glass to use on the buildings across the world. Besides, silica sand is widely used in container glass for tableware and foods and beverages.
Country wise, the study is comprised of the key countries such as China, India, Japan and rest of Asia Pacific. The China held the largest market share of Asia Pacific silica sand market and is likely to dominate the market over the estimated time frame. Well-established end use industries across the region is primary factor behind market growth. The glass industry of the countries such as China and India will continue to improve silica sand consumption for the production of electronic display, windows, glass bottles, photovoltaic panels, and many other flat glass products. Additionally, in India, foundry activities are increasing at a rapid pace, impelling the production of sand molds to manufacture machine tool, automotive, wind turbine, and other types of metal castings. This is in turn propelling the growth of silica sand market across the APAC region.
The major key players of market includes 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.
The study analyses Asia Pacific silica sand market based on product type, end use industry and country. Various product types such as wet sands, dry sand, frac sand, filter sand, and coated sand are covered in the Asia Pacific silica sand market. The wet sand segment is likely to dominate the market over the forecast period. Major end use industries of the Asia Pacific 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. The glass manufacturing segment is likely to register fastest growth in years to come owing to the growing adoption of silica sand for manufacturing of various glass products. Country wise, the study is comprised of the key countries such as China, India, Japan and rest of Asia Pacific.
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