Industrial Silica Sand Market Size

Industrial Silica Sand Market size was over USD 15.84 billion in 2023 and is likely to reach USD 29.14 billion by 2036, growing at around 4.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of industrial silica sand is assessed at USD 16.45 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.