Rockville , March 09, 2023 (GLOBE NEWSWIRE) -- According to Fact.MR, a market research and competitive intelligence provider, the global industrial silica sand market is estimated at US$ 14.5 billion in 2022 and is expected to expand at a CAGR of 4.6% during the forecast years of 2022-2032.
Over the past few years, the construction sector has projected rapid growth on a global scale, primarily due to the building of new homes. Demand for housing and retail construction, in turn, drives the demand.
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For instance, according to the data from the United States Census Bureau, the total value of construction stood at USD 1.5 trillion in December 2020 and raised to USD 1.6 trillion in December 2021.
Among these, total residential construction stood at USD 714.0 billion in December 2020 and raised to USD 819.1 billion in December 2021, a 14.7% change.
Key Takeaways from Market Study
- The global industrial silica sand market is valued at US$ 14.5 billion in 2022
- Worldwide demand for industrial silica sand is anticipated to reach US$ 22.7 billion by 2032-end
- During 2017-2021, sales of industrial silica sand increased at 3.8% CAGR
- North America tops the global industrial silica sand market accounting for 39.3% market share
- Glass manufacturing application of industrial silica sand accounts for 32.3% share of global sales
Across the world, various materials are used in the construction industry for several applications. The global construction industry has witnessed significant growth in recent years. Increasing demand from several end-use industries is contributing to the growth of the construction industry.
The construction industry demands a large number of raw materials/intermediates for higher production output. Thus, the growth of the construction industry is expected to positively impact the global industrial silica sand market.
Industrial silica sand is not a stand-alone market; rather, it is highly dependent on numerous end-use sectors. The expansion of the target market is directly impacted by the development of the end-use industries. The demand for industrial silica sand in developing nations will be anticipated by the high performance of construction additives. Hence, the surging construction industry propels the market's growth.
"Exponential Supply Gains for Silica Sand Have Been Achieved Due to the Growth in Hydraulic Fracturing"
Interest for silica sand as a proppant in the pressure driven breaking market is expanding at a critical rate. The fast improvement in the shale oil and gas market throughout recent years is a critical calculate the developing interest.
Oil and gas are separated from the bedrock utilizing pressure driven breaking, or deep earth drilling, which utilizes around 10,000 metric lots of silica per well. Subsequently, the interest for silica sand from the oil and gas area has decisively expanded.
The new unpredictability in modern silica sand might be relieved by expanded interest for high-grade silica sand for super advanced specialty items and modern glass.
Key Companies Profiled in Industrial Silica Sand Market Report
- Unimin Corporation
- Fairmount Minerals
- U.S. Silica
- Emerge Energy Services LP
- Badger Mining Corporation
- Hi-Crush Partners
- Preferred Sands
- Premier Silica
- Pattison Sand
- Sibelco
- Quarzwerke Group
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“Bourgeoning O&G and Construction Industries Will Provide Mammoth Growth Opportunity to the Market Over the Valuation Period.” says a Fact.MR analyst.
The industrial silica sand market is moderately consolidated in nature. Therefore, key stakeholders in the market are implementing competitive policies such as mergers, acquisitions, and collaborations and exploiting untapped opportunities in the market to sustain and gain a higher market share. This strategy allows to broaden the company’s market share and enhance its economies of scale.
- U.S. Silica Holdings, Inc. has declared that the prices of the majority of its aplite, diatomaceous earth, clay products, and non-contracted silica sand will increase in April 2022. These products are primarily used in foundry, glass, roofing, chemicals, coatings, paints, elastomers, building products, recreation, agriculture, pet litter, and other applications. Depending on the product and grade, price increases will range from 8% to over 25%.
- The business strategy of Canadian Premium Sand Inc. was changed in February 2021 to focus on turning the Wanipigow silica sand deposition into a sustainable coating facility and float glass manufacturing. To create a new benchmark for low-carbon-footprint glass production, this facility is built to make the best use of current technology while focusing on sustainability initiatives like waste heat recovery and making the most of Manitoba's plentiful and affordable renewable electricity.
Market Development
Market Players such as Fairmount Minerals, Aggregate Industries, Strobel Quarzsand GmbH, U.S. Silica, and Hi-Crush Partners, among others, in the industrial silica sand market are focusing on expanding their distribution channels and presence, in order to attract more customers. Additionally, market participants can reach more customers and improve brand recognition through digital platforms as well.
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Segmentation of Industrial Silica Sand Industry Research
- By Type:
- Sodium Silicate
- Potassium Silicate
- By Particle Size:
- <40 Mesh
- 40-100 Mesh
- >100 Mesh
- By Application:
- Metal Casting
- Hydraulic Fracturing
- Construction Additives
- Filter Media
- Building & Construction
- Glass Industry
- Foundry
- By End-Use:
- Building & Construction
- Glass
- Foundry
- Others
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global industrial silica sand market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of type (sodium silicate and potassium silicate), particle size (<40 mesh, 40-100, and >100), application (metal casting, hydraulic fracturing, construction additives, filter media, building & construction, glass industry, and foundry), end-use (building & construction, glass, foundry, and others), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Check out more related studies published by fact.MR research:
Silica Aerogel Market: The global silica aerogel market is expected to grow with a high-end single-digit CAGR over the forecast period due to the growth in the production and demand for silica aerogel across the globe
Silica Slurry Market: The global silica slurry market is currently estimated at US$ 303.3 million and is anticipated to progress at a CAGR of 4.6% to reach a market valuation of US$ 475.6 million by the end of 2032
High Purity Silica Market: The global high-purity silica market is anticipated to reach USD 1.64 Billion in 2032. The market is expected to grow with a CAGR of 6.3% in the forecast duration. High purity silica market valued at USD 0.89 Billion in 2022
Fumed Silica Market: The global fumed silica market is anticipated to be valued at US$ 1.3 billion in 2022 and expand at a CAGR of 5% to reach a market size of US$ 2.1 billion by the end of 2032.
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