This “Silica Sand Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Silica Sand market can use for expanding their business in untapped market to increase their customer base.
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Silica Sand Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
Increasing Demand from the Glass Manufacturing Industry
– The glass manufacturing industry was one of the largest end-user industries of the global silica sand market in 2018.
– Silica sand is an inevitable part of the glass manufacturing industry and accounts for more than 50% of the entire raw materials being used in glass manufacturing. The material finds usage in an array of glass materials being produced, including containers, flat and specialty glass, and fiberglass.
– The container sub-segment accounted for the largest consumption in the glass manufacturing application segment in 2018 and was followed by the flat glass and the fiber glass sub-segments.
– The market in this application segment is expected to benefit heavily from the increasing demand for flat glass and fiber glass from the rapidly growing automotive 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 in the region.
– All the aforementioned factors is expected to drive the global market during the forecast period.
The Asia-Pacific Region is Expected to Dominate the Market
In 2018, Asia-Pacific was the largest consumer of silica sand, driven by the consumption from China and India. The Indian Ministry of Mines has classified sand as a minor mineral, along with marble, clay, and others. The minor minerals accounts 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. India projected a GDP growth rate of 7.3% for the year 2019. This has led to an increase in the demand for commercial buildings, shopping malls, arenas, high-rise buildings, and hotels, in turn, boosting the demand for silica sand in India. India’s silica sand market is expected to increase at a healthy growth rate, because of the growing construction and foundry industry.
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Target Audience of Silica Sand Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Silica Sand Market Report:
- Analyzing various perspectives of the Silica Sand market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Silica Sand market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Silica Sand market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Silica Sand market studied, during the forecast period
- The segments that are expected to dominate the Silica Sand market studied.
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