Industrial Silica Sand Market size was over USD 16.6 billion in 2024 and is projected to reach USD 30.54 billion by 2037, witnessing around 4.8% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of industrial silica sand is assessed at USD 17.28 billion.
The growth of the market can be attributed to the increasing demand for silica sand from a wide range of industries such as cosmetics, glass, oil well cementing and foundry. Along with these, rising number of infrastructural and construction activities, and growing usage of the product for glass formulation and manufacturing high grade specialty glass are also expected to boost the growth of the market in the forthcoming years. According to the World Bank, the national per capita income of the World has only increased since 2016. The value was USD 9,483,844 in 2019, up from USD 9,427.278 in 2018. Furthermore, increase in the production of automotive, rising per capita income of the world, and escalating technological advancements in the construction industry are projected to offer lucrative opportunities to the market in the near future.
Growth Drivers
Challenges
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.8% |
|
Base Year Market Size (2024) |
USD 16.6 billion |
|
Forecast Year Market Size (2037) |
USD 30.54 billion |
|
Regional Scope |
|
The market is segmented based on end-user industry into glass manufacturing, foundry, chemical production, construction, paints and coatings, ceramics and refractories, filtration, oil and gas, and others, out of which, the glass manufacturing segment is anticipated to hold the largest share in the global industrial silica sand market on account of the increasing use of silica sand to manufacture products, including flat glass, fiberglass insulation, container glass and specialty glass for a wide variety of applications. Additionally, on the basis of type, the wet sand segment is predicted to gather the largest share during the forecast period, which can be credited to the constant demand for wet silica sand from the construction industry, golf courses and other applications.
Our in-depth analysis of the global market includes the following segments
|
By Type
|
|
|
By End-User Industry |
|
APAC Market Statistics
On the basis of geographical analysis, the global industrial silica sand market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific industry is estimated to dominate majority revenue share by 2037, on the back of increasing construction of shopping malls, commercial buildings, high rise buildings and hotels, and rising use of silica sand in foundries and chemical production in the region. Apart from these, growing demand for fiberglass and flat glass in China and India is also projected to drive the region’s market growth in the coming years.
North America Market Analysis
Moreover, the market in North America is assessed to grab the largest share during the forecast period owing to the robust growth of oil and gas sector, and increasing activities in the hydraulic fracturing industry in the region. As per the United States Energy Information Administration, the country exported about 8.51 MMb/d and imported about 7.86 MMb/d of petroleum in the year 2020. In that same year, the US produced about 18.40 million barrels per day (MMb/d) of petroleum, and consumed about 18.12 MMb/d.
July 2021- U.S. Silica announced that it has increased the prices of its industrial and specialty products including non-contracted silica sand, foundry, diatomaceous earth and clay products used primarily in glass, elastomers, roofing, chemicals, recreation, building products, agricultural, pet litter and other applications.
Author Credits: Rajrani Baghel
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?