Silica sand market is projected to grow at a CAGR of 7.44% during the forecast period, reaching a total market size of US$11.054 billion in 2024 to US$7.186 billion in 2018. Silica is one of the most common varieties of sand that is found on earth. It is used for a variety of purposes like filtering water, manufacturing of glass, blasting of sand, building roads, casting in industries, and painting and coating. Silica is popular due to the properties like high silica content, resistance to heat, and resistance to chemical reactions. The growth of the silica sand market can be substantiated to the growing urbanization and growing per capita income which is increasing the construction spending and manufacturing, leading to the use of silica sand. It could also be tracked to the rise in hydraulic fracturing activities because of the rising shale gas and shale oil exploration so that the dependence on crude oil can be reduced. Furthermore, government support is also boosting the demand for silica sand. However, illegal sand mining and the development of sand-free construction products are a concern for the market.
The Silica Sand Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by application and geography.
The silica sand market has been segmented based on application and geography. Based on application, the market has been classified into foundry, glass making, hydraulic fracturing, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the silica sand market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the silica sand market.