Silica Sand Market: Global Industry Forecast (2022-2029) by Purity, Type, End-Use Industry and Region

Silica Sand Market size was valued at USD 21.6 Bn. in 2021 and the total Silica Sand Market revenue is expected to grow at 6.5 % from 2022 to 2029, reaching nearly USD 35.75 Bn.
Silica Sand Market Overview:
Quartz has been carefully crushed to create silica sand (SiO2). Sand that contains at least 95% SiO2 and less than 0.6% iron oxide is known as silica sand or industrial sand. Regular sand is defined as sand that does not meet this requirement. Owing to its durability, high melting point, and chemical inertness, silica sand is a very sought-after commodity. Concrete, the fundamental building material and a staple of the construction industry, is made from silica sand. This aspect fuels market growth as the construction industry grows in emerging markets like China and India.

As a result, the market is being driven by new technologies such as the increased usage of hybrid guide plates, lightweight glazing glass, solar power glazing for car and building windows, and improved nanotechnology in flat glass. But severe environmental regulations established by governments in response to growing environmental concerns raise the cost of activities like mining and dredging, which will have a negative impact on market growth.
Research Methodology:
In order to evaluate and forecast the Silica Sand Market, MMR first collected information on the revenues of the major players. Vendors' products are evaluated using the following parameters to segment the market: by Purity (Above 99%, 94% to 95.9%, 96% to 97.9%, 98% to 98.9%) Type (Wet Sand, Dry Sand, Frac Sand, Filter Sand, Coated Sand, Others) End-use Industry (Glass Manufacturing, Foundry, Chemical Production, Construction, Paints and Coatings, Ceramics and Refractories, Filtration, Oil and Gas, Other).

Market size is determined by using triangulation method of market estimation in which the bottom-up technique is mostly preferred to estimate market size. For supporting and validating market size and understanding market dynamic Primary research were conducted. Research methodology is the combination of primary and secondary research to understand about market and estimate the market size most accurately. To validating estimation and market size through primary research in-depth interviews was conducted with industry expert and key opinion leader.

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Report scope:
The goal of the study is to give market participants a detailed understanding of the Silica Sand Market. In the study, the market's recent ongoing, and estimated future developments are examined. It also offers an easy analysis of complicated data. One of the main factors who actively and thoroughly conduct research is new entrants, market leaders, and followers. The research shows the outputs of the PORTER and PESTEL assessments in addition to potential outcomes of the microeconomic market components. Decision-makers will have a clear futuristic perspective of the market after taking into account internal and external factors that could have a positive or negative impact on the organization.

Investors can better grasp the dynamics and structure of the Silica Sand market thanks to the market segmentation analysis and market size forecast in the study. By clearly laying out the comparative study of the top Silica Sand enterprises by price, financial status, product, product portfolio, growth strategies, and regional presence, the research serves as a buyer's guide.
Silica Sand Market Dynamics:
Market Drivers:

One of the main uses for silica sand is the production of glass, and the market for this material has grown as a result of the growth of the glass industry and growing demand for flat and container glasses. The basic ingredient in all types of standard and speciality glass manufacture is silica sand because it offers the necessary Silicon Dioxide (SiO2) needed for glass formulation. Silica makes up more than 70.05 % of the final weight of glass, despite the fact that the manufacture of glass requires a wide range of other materials. The main factor affecting the colour, clarity, and strength of the glass created is its chemical purity.

One of the main producers of silica sand, VRX Silica, expected that the demand for washed silica sand would rise as soon as the glass production in APAC is likely to rise by 7%-8.5%. Additionally, it is expected that the global pharmaceutical industry would experience a growth in demand for glass vials, which will result in a major increase in the need for silica sand for use in glass manufacture.

The main structural element in a wide range of building and construction materials is silica sand. In flooring compounds, mortars, speciality cements, stucco, roofing shingles, skid-resistant surfaces, and asphalt mixtures, silica sand serves as a binding agent. Additionally, ground silica improves the strength, anti-corrosion, and weathering qualities of epoxy-based materials such as sealants and caulks. The major growth of smart city efforts in nations like India, the US, and others is expected to increase demand for silica sand. A $778.5 million investment in the building of Kanpur, India's metro rail project was announced by an EU bank in august 2020. Business growth is also expected to be boosted by the construction of the ASVEL arena in France, the Grand Paris Express, the Tour Triangle, and the rail bypass between Nîmes and Montpellier. A considerable amount of money is also being invested in residential construction in the United States, and this trend is expected to continue during the forecast period.

Market Restraints:

Over the past ten years, the cost of sand and gravel has increased dramatically, from roughly $7 per metric tonne in 2007 to $9.5 in 2021. Even more expensive rates are demanded for specialty sands, such as the frac sand used in hydraulic fracturing to extract oil, which was only about $26.5 per tonne in 2021 but has since increased to over $70.5 per tonne in times of scarcity. Costing money for oil is difficult. Sand is heavy, and though it is valuable, it is expensive and difficult to transport and treat. Just like they cannot purchase or sell futures contracts connected to other products like soybeans or gasoline, they cannot buy or sell futures contracts tied to coal. As a result, shareholders who want to increase their exposure to sand may consider making investments in companies that deal with sand. Government restrictions on silica use, erratic raw material supplies, and unstable product prices are expected to restrain demand development in the forecast years. The manufacturing of construction products without sand and illegal sand mining both hamper the growth of the global market.

Market Opportunities:

During the forecast period, an increase in construction and infrastructure-related activities is expected to fuel demand for washed silica sand all over the world. In the process of making glass, silica sand makes up between 65.5 % and 70.5 % of the raw materials. Future market growth is expected to be supported by the steadily increasing demand for architectural and flat glass. The world population is expected to reach 9.6 billion people by 2050, according to projections from World Population and the UN Department of Economic and Social Affairs/Population Division. The need for silica sand is being supported by the country's constantly growing population, as well as the industrial recovery that has followed the economic downturn of 2020.
Competative Landscape:
Badger Mining Corporation, Chongqing Changjiang River Moulding Material (Group) Co. Ltd,Covia Holdings LLC,Emerge Energy Services are a few of the major competitors in the global silica sand industry. They will continue to plan mergers and acquisitions to boost their market shares and growth potential during the forecast period.
Silica Sand Market Segment Analysis:
Based on Purity, The Above 99% segment is expected to grow at the highest CAGR of 5.6 % during the forecast period. In the glass industry, 99.5% pure silica sand is used. At 1,100°C, silica sand (Si02), limestone (CaC03), and soda ash (NC03) are fused to create commercial glass. 15% soda ash, 10% lime, and 75% silica make up the usual makeup. The sand must have a minimum of 99.53% silica content and have uniform grain size. The use of photo thermal treatment to reduce impurities in silica sand to a level suitable for producing silicon of the required solar grade for photovoltaic applications.

Through the use of this technique, contaminants are drawn to the surface of silica grains where they are easily removed by partially dissolving them in an acidic solution. The obtained silica was examined using the inductively coupled plasma atomic emission spectrometry (ICP- AES) technique. In silica sand, the most frequent impurities were Al, K, Fe, Na, Ca, Mg, and B. In the new products, nearly all important contaminants were successfully eliminated. In fact, the purity level ranges from 99.76 to 99.98% according to ICP-AES characterisation, with an average impurity removal efficiency of 83.34%.



Based on Silica Sand, The Wet Sand segment is expected to grow at the highest CAGR 5.8 % during the forecast period. Owing to its high silica concentration, wet silica sand is used as a high-quality sand source for the glass industry (SiO2). Construction, the glass industry, golf courses, and other uses for wet silica sand are its main uses. Wet silica sand with particular grain sizes and composition characteristics is a good choice for destination markets due to the ongoing need in the building industry. Additionally, the sand made from wet silica sand possesses the qualities mentioned for building and maintaining golf courses. On and on the Portuguese and Spanish peninsulas' top golf courses, wet silica sand of this type has long been a staple. It is utilised, among other locations, on the green, tee, bunkers, and access paths.

Based on End-use Industry, The Glass Manufacturing segment is expected to grow at the highest CAGR during the forecast period. The main ingredient in all varieties of ordinary and speciality glassware is silica sand. It supplies the crucial SiO2 (silicon dioxide) component needed to make glass, and the chemical purity of this component is what primarily determines the colour, clarity, and strength of the glass.

It is expected that the market for silica sand in this application area will profit significantly from the rising demand for flat glass and fibreglass from the electronics and construction industries in Asia's emerging countries, particularly in India and China. It is expected that the usage of speciality glass in the respectable electronics industry in industrialised nations like South Korea and Japan will help the growth of the glass production industry and, potentially, raise demand for silica sand. In addition, glasses are widely used in the building sector in a variety of building components such as windows, doors, interior partitions, balustrade, shopfronts, and railings for stairs and balconies, offering potential opportunities for their use and possibly increasing demand for silica sand.


Silica Sand Market Regional Insights:
With a market share of over 47.5% in 2021, APAC dominated the silica sand industry, and it is expected that throughout the forecast period, it would grow at a CAGR of 6.5%.Sand, along with marble, clay, and other minor minerals, has been designated by the Indian Ministry of Mines. About 12.2 % of India's overall mining output is made up of minor minerals. In India, silica sand is employed in a wide range of processes, including glass production in foundries, the manufacture of chemicals, building, paintings, etc.In terms of revenue and future market growth, India is one of the key nations in the global construction market. India's economy ranks third in terms of purchasing power parity and is the tenth-largest in the world.

The COVID-19 pandemic caused a slowdown in the domestic construction industry during the fiscal year 2020–2021, but the majority of projects in the commercial sector have driven the construction activities since the lockdown was lifted because they were either public–private partnerships (like smart cities) or already budgeted public projects.The government is pushing major initiatives in the residential sector during the forecast years. By 2022, the government's "Housing for All" plan hopes to have constructed more than 20 million low-cost dwellings for urban poor people. Residential construction will experience a large increase as a result, contributing one-third of the industry's overall value by 2023.

To satisfy demand, Sterlite Technologies said in December 2020 that it will invest $40.4 million in India to grow its fibre optic production facilities. Additionally, the Asian Infrastructure Investment Bank (AIIB) stated in November 2019 that it would spend up to $2.5 billion in urban transportation projects, including radial highways and commuter rail networks in New Delhi. This will fuel the growth of the silica sand industry. In order to boost the flow rate of natural gas or oil, industrial sand is also injected down holes in deep well applications to prop open rock fissures. In the next eight to ten years, it's estimated that US$ 206 billion will be invested in the Indian oil and natural gas sector. The Indian Oil Corporation (IOCL) declared intentions to invest US$228.81 million in new Andhra Pradesh projects in December 2020. This includes spending US$ 206,19,000,000 on infrastructure for petroleum products and US$ 22,62,000,000 on LPG storage facilities. This will further support the growth of the silica sand market.
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Silica Sand Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 21.6 Bn.


Forecast Period 2022 to 2029 CAGR:
6.5%
Market Size in 2029:
US $ 35.75 Bn.


 Segments Covered:
by Purity
• 94% to 95.9%
• 96% to 97.9%
• 98% to 98.9%


by Silica Sand
• Wet Sand
• Dry Sand
• Frac Sand
• Filter Sand
• Coated Sand
• Others


by End-use Industry
• Glass Manufacturing
• Foundry
• Chemical Production
• Construction
• Paints and Coatings
• Ceramics and Refractories
• Filtration
• Oil and Gas
• Other



Silica Sand Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Key Players in Global Silica Sand Market are:
• Badger Mining Corporation (US)
• Chongqing Changjiang River Moulding Material (Group) Co. Ltd (China)
• Covia Holdings LLC (US)
• Emerge Energy Services (US)
• Euroquarz GmbH (Germany)
• Hi-Crush Inc. (US)
• JFE MINERAL Co. Ltd (Japan)
• Mitsubishi Corporation (Japan)
• Pioneer Natural Resources Company (US)
• PUM GROUP (Malaysia)
• Sibelco (Belgium)
• Source Energy Services (Canada)
• Sunstate Sand Bundaberg Pvt. Ltd. (Australia)
• TOCHU CORPORATION (Japan)
• U.S. Silica (US)
• VRX Silica Limited (Australia)
• Australian Silica Quartz Group Ltd (Australia)
• Adwan Chemical Industries Company (Saudi Arabia)
• Tremco Incorporated (US)
• Smart Sand, Inc (US)
• Preferred Sands (US)
• Pattison Sand (US)
• Aggregate Industries (UK)
• WOLFF & MÜLLER Holding GmbH & Co. KG (Germany)
• BROGÅRDSAND AB (Sweden)
• Kaolin AD (BULGARIA)

FAQs:

1. Which is the potential market for the Silica Sand Market in terms of the region?
Ans. In Asia Pacific region, the growing business and educational sectors are expected to help drive the use of collaborative screens.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is new initiatives from governments that provide funding for Silica Sand Markets in educational institutes

3. What is expected to drive the growth of the Silica Sand Market in the forecast period?
Ans. A major driver in the Silica Sand Market is the prevalence of work from home and remote collaboration created by the COVID-19 pandemic

4. What is the projected market size & growth rate of the Silica Sand Market?
Ans. The Silica Sand Market size was valued at US$ 21.6 Billion in 2021 and the total Silica Sand Market revenue is expected to grow at 6.5 % through 2021 to 2029, reaching nearly US$ 35.75 Billion.

5. What segments are covered in the Silica Sand Market report?
Ans. The segments covered are Raw material Purity, Type, End-Use Industry and, Region.