The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

Current Market Growth

• 2023 Market Size: $18.17 billion
• 2024 Market Size: $19.42 billion
• CAGR (2023-2024): 6.9%
• Key Growth Drivers:
  • Industrial demand
  • Geopolitical factors
  • Environmental concerns
  • Price fluctuations
  • Substitute materials

Future Market Projections

Projected Market Growth

• 2028 Market Size: $24.98 billion
• CAGR (2024-2028): 6.5%
• Key Growth Drivers:
  • Emerging applications
  • Alternative materials development
  • Economic recovery
  • Infrastructure development
  • Global demand shifts

Major Trends:

• Rising demand in construction
• Growing glass industry
• Shift towards sustainable practices
• Market diversification
• Regional supply dynamics

 

Read The Full Silica Sand Market Report Here:

https://www.thebusinessresearchcompany.com/report/silica-sand-global-market-report

 

Solar Panel Industry Fuels Silica Sand Demand

Growth in Solar Panel Industry

• Importance:
  • Silica sand is foundational in manufacturing solar panels.
  • Key material in producing high-quality solar cells.

Market Example:

• Solar Energy Industries Association (December 2023):
  • Solar industry average annual growth rate: 24%
  • Solar energy contributed 48% of new electric capacity in 2023
  • Increased pairing of solar systems with storage (30% in 2023 vs. 10% in 2022)

Leading Companies in the Silica Sand Market

Major Players:

• Aggregate Industries
• Badger Mining Corporation
• Chongqing Changjiang River Molding Material (Group) Co. Ltd.
• Covia Holdings Corporation
• Superior Silica Sands
• Euroquarz GmbH
• JFE Mineral & Alloy Company Ltd.
• Mitsubishi Corporation
• Preferred Sands
• Quarzwerke GmbH
• Sibelco Group
• U.S. Silica Holdings Inc.
• Pattison Sand
• Emerge Energy Services LP
• Select Sands America Corp.
• Northern Silica Corporation
• SSS White Sands
• Tarmac
• Hanson Lake Sands Corporation

Innovative Applications for Green Solutions

Sustainable Innovations:

• Focus: New uses of silica sand to maintain market position.
• Example:
  • Polar Night Energy (July 2022):
    • Launched sand batteries using silica sand for energy storage.
    • Benefits: Warming homes in winter, saving over 100Mt CO2 emissions annually.

Strategic Acquisitions in the Silica Sand Market

Expanding Global Presence

• Acquisition Example:
  • Sibelco (March 2022):
    • Acquired Kremer Zand en Grind B.V.
    • Expanded consumer base and resources in Europe.
    • Broadened product portfolio and strengthened market leadership.

Silica Sand Market Segmentation

By Type:

• Wet Sand
• Dry Sand
• Frac Sand
• Filter Sand
• Coated Sand
• Other Types

By Grade:

• Glass
• Foundry
• Chemical

By Mesh Size:

• <70 mesh
• 70-120 mesh
• 120-200 mesh
• 200 mesh

By Purity:

• 94% To 95.9%
• 96% To 97.9%
• 98% To 98.95%

By End-Use Industry:

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

Regional Insights

Largest Region (2023):

• Asia-Pacific

Fastest-Growing Region:

• Asia-Pacific expected to lead growth during the forecast period.

The silica sand market is experiencing robust growth driven by demand from the solar panel industry and innovative green solutions. With key players expanding their presence and exploring new applications, the market is poised for substantial expansion, especially in the Asia-Pacific region.

 

Get A Free Sample On The Global Silica Sand Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=10524&type=smp

 

The Silica Sand Global Market Report 2024  provides an overview of the silica sand market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The silica sand market forecast analyzes silica sand market size, silica sand market share, leading competitor and their market positions.

 

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