Global Silica Sand Market (2022 to 2027) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

The "Silica Sand Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The silica sand market is projected to register a CAGR of over 6% during the forecast period (2022-2027).

Companies Mentioned

  • Badger Mining Corporation
  • Chongqing Changjiang River Moulding Material (Group) Co. Ltd
  • Covia Holdings LLC
  • Emerge Energy Services
  • Euroquarz GmbH
  • Hi-Crush Inc.
  • JFE MINERAL Co. LTD
  • Mitsubishi Corporation
  • Pioneer Natural Resources Company
  • PUM GROUP
  • Sibelco
  • Source Energy Services
  • TOCHU CORPORATION
  • U.S. Silica
  • Xinyi Golden Ruite Quartz Materials Co. Ltd

Key Market Trends

Increasing Demand from the Glass Industry

  • The glass manufacturing industry is one of the largest end-user industries of the silica sand market.
  • Silica sand is the chief component in all types of standard and specialty glasses. It provides the essential SiO2 (silicon dioxide) component for glass formulation, and its chemical purity is the primary determinant of color, clarity, and strength.
  • The market for silica sand in this application segment is expected to benefit heavily from the increasing demand for flat glass and fiberglass from the rapidly growing electronics and construction sectors in the emerging economies in Asia, especially India and China.
  • Moreover, the use of specialty glass in the reputable electronics sector in developed countries, like South Korea and Japan, is expected to further aid the growth of the glass manufacturing industry, which in turn, may increase the demand for silica sand.
  • Furthermore, glasses are also being used extensively in the construction industry, in windows, facades, doors, interior partitions, balustrade, shopfronts, and railings for stairs and balconies, among other building parts, providing potential opportunities for the usage of glasses, which may further boost the demand for silica sand in the coming years.
  • All the aforementioned factors are expected to drive the global market during the forecast period.

India to Dominate the Asia-Pacific Market Growth

  • India to dominate Asia-Pacific market growth. The Indian Ministry of Mines has classified sand as a minor mineral, along with marble, clay, and others. The minor minerals account for about 12% of the total mining industry in India.
  • Silica sand in India is used for various applications, such as glass formation in foundries, chemical production, construction, paints, etc.
  • India is one of the major countries in the global construction market, both in terms of revenue and market growth potential. India represents the tenth-largest economy in the world and the third-largest in terms of purchasing power parity.
  • The domestic construction industry has witnessed a slowdown during the financial year 2020-2021 due to COVID-19, but the lion share of the projects in commercial space has driven the construction activities after easing lockdown, as they were either in public-private partnership (like smart city) or public projects, which were already budgeted.
  • In the residential segment, the government is pushing huge projects in the next few years. The government's 'Housing for All' initiative aims to build more than 20 million affordable homes for the urban poor by 2022. This will provide a significant boost to residential construction, which will account for a third of the industry's total value by 2023.
  • India's silica sand market is expected to increase at a healthy growth rate because of the growing construction and foundry industry.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing Demand from the Foundry Industry

4.1.2 Growing Demand from the Glass Industry

4.2 Restraints

4.2.1 Development of Sand-free Construction Products

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

4.4.1 Bargaining Power of Suppliers

4.4.2 Bargaining Power of Consumers

4.4.3 Threat of New Entrants

4.4.4 Threat of Substitute Products and Services

4.4.5 Degree of Competition

5 MARKET SEGMENTATION

5.1 End-user Industry

5.2 Geography

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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