Silica Sand Market Size, Status, Recent Trends and Future Scope Analysis to 2027Covia, U.S. Silica, Hi-Crush Partners, Badger Mining Corp - Digital Journal

2022-10-10 18:48:38 By : Mr. Andy Yang

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 The global Silica Sand market is projected to reach USD 30.9 Billion by 2027 from USD 21.6 Billion in 2021, at a CAGR of 6.59% from 2022 to 2027.  

Silica Sand is used for making concrete which is the basic building material and extensively used in construction industry. As the developing economies like India and China witness development in construction industry this factor shall drive the market growth. Emerging technologies such as the improved use of hybrid guide plates, lightweight glazing glass, solar power glazing for vehicle and construction glasses, and advanced nanotechnology in flat glass are all adding to the glass industry’s development and, as a result, driving the market. However strict environmental guidelines imposed by governments due to increasing concerns to protect and preserve environment can make activities like mining and dredging more expensive thus negatively affecting market development.

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In 2021, Canadian Premium Sand Inc. declared a shift in the company’s business strategy towards developing its Wanipigow silica sand deposit into a sustainable float glass manufacturing and coating facility. This facility is designed to use the best available technology focusing on sustainability initiatives such as waste heat recovery and optimizing the use of Manitoba’s abundant and inexpensive renewable electricity to set a new standard for low-carbon-footprint glass business.

The continuing growth in the cost of silica sand is having a ripple effect on the end-use industry as well as on the global silica sand makret. As a byproduct of refining crude oil, silica sand is used to make a variation of products, including automobile glass, tennis balls, and ceramics. Though, the price of this key raw material has surged in recent years, driven in part by global demand for solar panels and other renewable energy sources.

Product Portfolio: The Company has a product portfolio of Market that contains:

Silica Sand Market: Increasing competition among key companies, increasing horizontal and vertical expansion is further expected to fuel the growth of Market.

Key players operating the Silica Sand market includes Covia, U.S. Silica, Hi-Crush Partners, Badger Mining Corp, Emerge Energy Services LP, Sibelco, Preferred Sands, Pattison Sand, Quarzwerke Group, AVIC Glass, SAMIN, Mitsubishi, TENGDA, Minerali Industriali, CNBM, Shanyuan, Tokai Sand, Sisecam, Kibing, Lianxin Group, Sifucel, Strobel Quarzsand, Aggregate Industries, Fulchiron, Toyota Tsusho, Wolf & Muller, Duchang xinshiji, Bathgate Silica Sand, Brogardsand, Silmer.

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Silica Sand Market Regional Analysis

North America leads with 59% of the share in the worldwide market for industrial silica sand. Due to increasing awareness among the people about advanced development in glass, rapid economic recovery, progress in population & urbanization and rising awareness among the people about advanced development in coatings.

Recoveries in building construction and business activity, including a turnaround in flat glass output, will stimulate renewed demand for industrial sand in the county. These factors are projected to contribute to regional growth over the coming years.

The report enables you to –

– Formulate significant competitor data, analysis, and insights to progress R&D strategies

– Recognize emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage

– Recognize and understand vital and diverse types of Silica Sand under development

– Progress market-entry and market expansion strategies

– Plan mergers and acquisitions successfully by identifying major players with the most promising pipeline

– In-depth examination of the product’s current stage of development, territory and estimated launch date

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