The global washed silica sand market size is projected to grow from USD 18 million in 2021 to USD 24 million by 2026, at a CAGR of 5.4% from 2021 to 2026. The washed silica sand market is expected to witness significant growth in the coming years due to its increased demand across the construction, container glass, specialty glass, fiberglass, foundry, oil well cementing, and cosmetics industries.
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COVID-19 impact on global washed silica sand market
With the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020. The outbreak of COVID-19 in Wuhan, China, has spread across the major APAC, European, and North American countries, affecting the market for washed silica sand since most of the global companies have their headquarters in these countries. This impact of COVID-19 had caused disruption in the supply chain, which had slowed down the market growth due to lack of raw materials and unavailability of workforce.
Silica Flour Market Dynamics
Driver: Increasing demand for washed silica sand in glass production
Glass manufacturing is one of the key applications of washed silica sand, and the growth of the glass industry coupled with the increasing demand for container and flat glasses has contributed to the growth of the washed silica sand market. Silica sand provides the essential Silicon Dioxide (SiO2) required for glass formulation, which makes silica the primary component in all types of standard and specialty glass production. Although the production of glass needs a variety of different commodities, silica represents more than 70% of its final weight. Its chemical purity is the primary determinant of colour, clarity, and strength of the glass produced.
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APAC region to lead the global washed silica sand market by 2026.
APAC accounted for the largest market share of about 36.1%, in terms of value in 2020. The growing population and rapid urbanization are among the key factors propelling industry expansion in this region. The growing glass, oil well cement, foundry, construction, and other industries in several APAC countries are fueling the demand for washed silica sand in the region. According to VRX Silica, one of the largest silica sand manufacturers, flat glass, specialty glass, and solar glass are growing at 6%, 10%, and 30%, persistently.
♦ Leading Key Players -
US Silica Holdings, Inc. (US), Sibelco NV (Belgium), U.S. Silica Holdings, Inc. (US), VRX Silica Limited (Australia), Australian Silica Quartz Group Ltd (Australia), and Adwan Chemical Industries Company (Saudi Arabia), among others.
20 manufacturers are covered in the washed silica sand market.
The report "Washed Silica Sand Market by Fe Content (>0.01%, ≤0.01%), Particle Size (≤0.4mm, 0.5mm – 0.7mm, >0.7mm), Application (Glass, Foundry, Oil well cement, Ceramic & Refractories, Abrasive, Metallurgy, Filtration) and Region - Global Forecast to 2026", size is projected to grow from USD 18 million in 2021 to USD 24 million by 2026, at a CAGR of 5.4% from 2021 to 2026.
The market is projected to grow in accordance with the increase in the demand for silica sand for numerous applications, particularly for glass and foundry application across the globe.
Furthermore, the silica sand market has witnessed a significant increase in demand, owing to its demand as a good refractory material, across various end use industries.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23955586In 2020, the washed silica sand market was impacted to a very low extent by the COVID-19 pandemic with a nominal decline in CAGR.
The market has been hampered owing to reduced raw material production, supply chain disruptions, and hampered trade movements during 2020.
The end-use industries, such as glass, foundry, and ceramic & refractories, were affected by the pandemic.Opportunity: Rise in construction and infrastructural activitiesThe rise in construction and infrastructural activities is expected to drive the demand for washed silica sand across the globe during the forecast period.
Silica sand is largely used in glass production; about 65%-70% of the raw material is silica sand in glass volume.
