January 23, 2024 Fact. MR’s Report on Industrial Silica Sand Market

Fact. MR’s latest report on industrial silica sand market provides a detailed analysis of growth drivers, market restraints and trends.

As reported by Fact.MR, a provider of market research and competitive intelligence, the Global Industrial Silica Sand Market is valued at approximately US$ 14.5 billion in 2022, with an anticipated compound annual growth rate (CAGR) of 4.6% during the forecast period spanning from 2022 to 2032.

In recent years, the worldwide construction sector has experienced significant growth, largely driven by the construction of new residences. The demand for housing and retail construction plays a pivotal role in stimulating this growth. Notably, data from the United States Census Bureau indicates a substantial increase in the overall value of construction, rising from USD 1.5 trillion in December 2020 to USD 1.6 trillion in December 2021.

Specifically, residential construction contributed significantly to this surge, reaching USD 714.0 billion in December 2020 and experiencing a noteworthy 14.7% increase to USD 819.1 billion in December 2021.

Key Takeaways from Market Study

• The global industrial silica sand market is valued at US$ 14.5 billion in 2022
• Worldwide demand for industrial silica sand is anticipated to reach US$ 22.7 billion by 2032-end
• During 2017-2021, sales of industrial silica sand increased at 3.8% CAGR
• North America tops the global industrial silica sand market accounting for 39.3% market share
• Glass manufacturing application of industrial silica sand accounts for 32.3% share of global sales

Worldwide, the construction industry utilizes a variety of materials for diverse applications. Recent years have witnessed substantial growth in the global construction sector, driven by increasing demand from various end-use industries. This heightened demand necessitates a significant quantity of raw materials and intermediates for efficient production in the construction industry. Consequently, the anticipated positive impact on the global industrial silica sand market is a direct result of this growth.

It’s crucial to recognize that the industrial silica sand market is intricately linked to numerous end-use sectors and is not a standalone entity. The market’s expansion is closely tied to the progress of these end-use industries. The burgeoning construction industry, particularly in developing nations, is expected to be influenced by the performance of construction additives. Therefore, the robust growth of the construction sector serves as a driving force behind the expansion of the industrial silica sand market.

“Exponential Supply Gains for Silica Sand Have Been Achieved Due to the Growth in Hydraulic Fracturing”

Interest for silica sand as a proppant in the pressure driven breaking market is expanding at a critical rate. The fast improvement in the shale oil and gas market throughout recent years is a critical calculate the developing interest.

Oil and gas are separated from the bedrock utilizing pressure driven breaking, or deep earth drilling, which utilizes around 10,000 metric lots of silica per well. Subsequently, the interest for silica sand from the oil and gas area has decisively expanded.

The new unpredictability in modern silica sand might be relieved by expanded interest for high-grade silica sand for super advanced specialty items and modern glass.

Key Companies Profiled in Industrial Silica Sand Market Report

• Unimin Corporation
• Fairmount Minerals
• U.S. Silica
• Emerge Energy Services LP
• Badger Mining Corporation
• Hi-Crush Partners
• Preferred Sands
• Premier Silica
• Pattison Sand
• Sibelco
• Quarzwerke Group

“Bourgeoning O&G and Construction Industries Will Provide Mammoth Growth Opportunity to the Market Over the Valuation Period.” says a Fact.MR analyst.

The industrial silica sand market is moderately consolidated in nature. Therefore, key stakeholders in the market are implementing competitive policies such as mergers, acquisitions, and collaborations and exploiting untapped opportunities in the market to sustain and gain a higher market share. This strategy allows to broaden the company’s market share and enhance its economies of scale.

• U.S. Silica Holdings, Inc. has declared that the prices of the majority of its aplite, diatomaceous earth, clay products, and non-contracted silica sand will increase in April 2022. These products are primarily used in foundry, glass, roofing, chemicals, coatings, paints, elastomers, building products, recreation, agriculture, pet litter, and other applications. Depending on the product and grade, price increases will range from 8% to over 25%.
• The business strategy of Canadian Premium Sand Inc. was changed in February 2021 to focus on turning the Wanipigow silica sand deposition into a sustainable coating facility and float glass manufacturing. To create a new benchmark for low-carbon-footprint glass production, this facility is built to make the best use of current technology while focusing on sustainability initiatives like waste heat recovery and making the most of Manitoba’s plentiful and affordable renewable electricity.

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