Pune, 05, Dec 2022: According to Maximize Market Research, the Silica Sand Market is expected to be worth USD 35.75 billion by 2029, with a 6.5% CAGR. Upcoming infrastructural projects across the world are envisaged to stimulate the construction industry, thereby increasing the demand for silica sand across different sectors.
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Silica Sand Market Research Methodology
The research methodology contains expert group evaluations, secondary research, and primary research. Sources of secondary data include press announcements, annual reports, company reports, and research articles that are specific to the industry. Additional resources are used to conduct research on the Global Co-Polymer Sealants Market, including government websites, trade journals, industry publications, and associations. The market report also includes a section exclusively devoted to important players in the worldwide co-polymer sealants market, where analysts provide an insight into the financial statements of every big rival as well as their main developments, product benchmarking, and SWOT analysis.
Silica Sand Market Overview
One of the most prevalent types of sand to be found worldwide is silica sand, also referred to as industrial sand. Since earlier civilizations, people have been mining industrial silica sand, which was first used for metallurgical and glass-making purposes between 3000 and 5000 BC. Today, silica sand is utilized in a wide range of applications, including sandblasting, oil and water filtering, industrial casting, road paving, glass manufacturing, foundries, and coal-burning boilers. In addition, it is employed in the hydraulic fracturing procedure, where silica sand consumption has grown dramatically over the past several years. This can be attributed to silica sand’s beneficial characteristics, including strength, high silica concentration, and resilience to heat and chemical reactions.
Silica Sand Market Dynamics
Silica sand has been a popular building material since the Roman era. Clay and lime, which are both waterproof, were used to build houses, and these structures were subsequently plastered or coated with hydrophobic resin to form a waterproof surface. This method was employed up to the early 1900s when silicon was starting to be added to building materials like concrete, limestone, and quartz grout. As it aids in the development of structures that are hard, tough, flexible (or brittle), good-hardness (HV), and have a modest degree of elasticity, silica sand is now being utilized in the production of glass and steel all across the world.
A major driver influencing the market’s revenue growth is the rising demand for this product from the developing glass sector since it is a crucial part of the manufacturing process. Due to its high level of thermal shock resistance and low thermal expansion coefficient, which prevent any changes in the material caused by abrupt and quick temperature changes and enable it to survive vast temperature variations, the product is used in the glassmaking process. In addition, the resulting glass is a strong electrical insulator that protects against too much electrical energy in the event of unintentional exposure. Additionally, it offers good ultraviolet to infrared optical transmission qualities, which expands its usage in lab equipment and fuels market revenue growth throughout the forecast period.
Silica Sand Market Regional Analysis
The North American, Asia Pacific, Europe, South American, and Middle East & Africa regions make up the regional segments of the global silica sand market. As the U.S. develops its hydraulic fracturing technique, which employs silica sand as a proppant, the North American market is expected to expand. Thanks to the expected increase in the construction industry, which employs silica sand as a building material, Asia Pacific is expected to have considerable growth. Additionally, China and India have a sizable portion of the glass manufacturing business, which relies heavily on silica sand as a raw ingredients. Due to the steadily increasing demand for specialty products made by the glass sector, Europe is expected to grow. During the forecast period, South America, the Middle East, and Africa will both have slow development.
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Silica Sand Market Segmentation
By Silica Sand
By End-use Industry
Silica Sand Market Key Competitors:
Key questions answered in the Silica Sand Market are:
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