How Has The Silica Sand Market Size Evolved In Recent Years?
The silica sand market has seen considerable growth due to a variety of factors.
•The market size of silica sand has seen robust growth in the past few years. It is projected to expand from $19.15 billion in 2024 to $20.32 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%.
The growth during the historic period can be credited to factors such as industrial demand, geopolitical influences, environmental worries, price variability, and alternative materials.
What Is The Projected Growth Of The Silica Sand Market?
The silica sand market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, there is a prediction for robust expansion in the silica sand market. The growth trajectory seems set towards reaching a monetary value of "$27.05 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 7.4%.
Key drivers for this growth in the forecast period can be linked to aspects like burgeoning applications, development in alternative materials, economic recuperation, infrastructure progress, and shifts in worldwide demand. Major market trends expected in the projection period consist of amplified demand in the construction sector, growth within the glass industry, a pivot towards sustainable approaches, market diversification, and regional changes in supply dynamics.
What Are The Primary Growth Drivers In The Silica Sand Market?
The expansion of the silica sand market is largely anticipated due to the future growth of the construction sector. Cement, a vital component of all construction work, constitutes silica sand as one of its essential ingredients. As such, the advancement of the construction industry has directly led to the expansion of the silica sand market. As reported by the United States' Federal Reserve Bank of St. Louis, spending on commercial construction in December 2022 skyrocketed to $131 million, a significant increase from $103 million the previous December. May 2022 saw additional growth, with residential construction expenditures topping off at $954 million, a significant rise from $797 million in the same month last year. Hence, the advancement of the construction sector is providing impetus for the expansion of the silica sand market.
What Is The Segmentation Of The Global Silica Sand Market?
The silica sand market covered in this report is segmented –
1) By Type: Wet Sand, Dry Sand, Frac Sand, Filter Sand, Coated Sand, Other Types
2) By Grade: Glass, Foundry, Chemical
3) By Mesh Size: <70 mesh, 70-120 mesh, 120-200 mesh, >200 mesh
4) By Purity: 94% To 95.9%, 96% To 97.9%, 98% To 98.95
5) By End-Use Industry: Glass Manufacturing, Construction, Filtration, Foundry, Chemical Production, Paints and Coatings, Ceramics and Refractories, Oil and Gas, Other End-Users
Subsegments:
1) By Wet Sand: Natural Wet Sand, Processed Wet Sand
2) By Dry Sand: Natural Dry Sand, Processed Dry Sand
3) By Frac Sand: Northern White Frac Sand, Southern White Frac Sand, Brown Frac Sand
4) By Filter Sand: Silica Filter Sand, Anthracite Filter Sand
5) By Coated Sand: Resin-Coated Sand, Polymer-Coated Sand
6) By Other Types: Specialty Sand, Industrial Sand
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What Emerging Trends Are Shaping The Silica Sand Market Landscape?
The rise in production of eco-friendly products utilizing silica sand is a prime trend garnering attention in the silica sand industry. Businesses operating in this sector are eager to unearth novel uses for silica sand in order to maintain their market standing. For instance, Polar Night Energy, a Finnish company specializing in renewable energy heat storage, introduced sand batteries in July 2022. These batteries employ silica sand as an energy storage conduit for power generated from eco-friendly sources, like wind. The company is confident that these batteries will not only provide heat for homes during the winter but also help to reduce CO2 emissions by over 100Mt per year.
Who Are the Key Players in the Silica Sand Market?
Major companies operating in the silica sand market include:
• Aggregate Industries
• Badger Mining Corporation
• Chongqing Changjiang River Moulding Material (Group) Co. Ltd
• Covia Holdings Corporation
• Superior Silica Sands
• Euroquarz GmbH
• JFE Mineral & Alloy Company Ltd
• Mitsubishi Corporation
• Preferred Sands
• Quarzwerke GmbH
• Sibelco Group
• U.S. Silica Holdings Inc.
• Pattison Sand
• PUM GROUP
• Hi-Crush Inc.
• Sil Industrial Minerals
• Tochu Corporation
• Athabasca Minerals Inc.
• Capital Sand Company
• Signal Peak Silica LLC
• Atlas Sand Company LLC
• Fairmount Santrol
• Vista Sand
• Smart Sand
• Emerge Energy Services LP
• Select Sands America Corp.
• Northern Silica Corporation
• SSS White Sands
• Tarmac
• Hanson Lake Sands Corporation
What are the Regional Insights into the Silica Sand Market?
Asia-Pacific was the largest region in the silica sand market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global silica sand market report during the forecast period. The regions covered in the silica sand market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
