Global Silica Sand Market to Cross 245 Million Tons by 2023

(MENAFNEditorial) The global silica sand market is currently growing at a healthy rate. Silica sand is now being increasingly used all over the world on account of its functional properties such as high elasticity, durability, compressive strength, etc. Silica sand, also known as industrial sand, is an abundantly available sand on earth. It is rich in quartz, a mineral, which is composed of silicon dioxide. Some other minerals are also present in silica sand in small quantities such as aluminium, feldspar and iron-bearing minerals. Silica sand finds several industrial applications owing to its high proportions of silica and less amount of other metals. A new research report by IMARC Group, titled'Silica Sand Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023, estimates that the market reached a volume of over 171 Million Tons in 2017. The report further anticipates the market to cross, at a projected CAGR of more than 6% over the forecast period.

Market Drivers/Constraints:

Rising demand for silica sand in the production of fiberglass owing to its mechanical properties such as light-weight and resistance to heat. This represents a major driving force stimulating the market growth.

Another factor which has highly contributed to the market growthis the easy availability of raw materials of silica sand, namely pure quartz grains or silicon dioxide which is one of the most commonly found minerals on earth.

As silica sand is economical in nature, it is used by different manufacturers all over the world for a number of applications such as paving roads, making glass, water, sand finishes in paints and coatings, etc.

However, there are several environmental factors that hamper thegrowth. The process of mining silica results in depletion of groundwater table as mining reduces large amounts of water from the ground table.

End-UseInsights:

Based on end-use, the report finds that some of the end-use industries of silica sand are glass, foundry, hydraulic fracturing, filtration and abrasives. In the glass industry, silica sand is employed for the production of glass containers, flat glass, reinforcement fiberglass, insulation fiberglass and specialty glass.

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Regional Insights:

On a geographical front, some of the major markets are the United States, Italy, Germany, Turkey and Australia. Amongst these, the United States exhibits a clear dominance in the market with the majority of the share.

Competitive Landscape:

The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. There is an intense competition in the market which makes it difficult for small players to survive. Some of the leading players operating in the market are:

Atlas Resin Proppants

Badger Mining Corporation

Cemex

Fairmount Minerals Limited

FlexFrac Proppant Sand Suppliers

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