Silica sand, also known as industrial sand, is used in products like glass, hydraulic fracturing materials, abrasives, foundry casting, filtration, building products, and many more. It is in high demand owing to its hardness, chemical inertness, and its ability to withstand high temperatures without melting or distorting. Washed silica sand offers advantages like high purity levels, defined grain size distribution, and consistent composition over time. The growing construction industry has propelled the need for washed silica sand as it is an essential raw material for products like concrete, mortar, and plaster.
The global washed silica sand market is estimated to be valued at US$ 18.56 billion in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the washed silica sand market are Unimin Corporation, Fairmount Minerals, US Silica Holdings, Inc., Emerge Energy Services LP, Badger Mining Corp, Hi-Crush Partners, Preferred Sands, Premier Silica, Pattison Sand, Sibelco, Minerali Industriali, Quarzwerke Group, Aggregate Industries & WOLFF & MÜLLER, VRX Silica Limited, Australian Silica Quartz Group Ltd, Adwan Chemical Industries Company, Refcast Corporation, Zillion Sawa Minerals Pvt. Ltd., TMM India, and Srinath Enterprises
Washed Silica Sand Market Growth is construction industry worldwide is fueling the demand for washed silica sand substantially. According to estimates, the global construction industry is expected to grow at 4% annually until 2025. Washed silica sand finds wide usage in construction for making products like concrete, mortar, plaster, asphalt, and others. The market players are expanding their business globally to cater to the growing demand from developing regions. For instance, Sibelco has production sites for industrial minerals across Europe, North America, South America, Asia, Africa, and Australia. Market
Key Trends
Washed Silica Sand Market Size and Trends is gaining traction in the washed silica sand market is increasing consumption in the solar PV glass industry. Solar PV installation has picked up substantially over the past few years worldwide owing to supportive government policies and climate change awareness. Washed silica sand is a critical raw material for manufacturing solar photovoltaic (PV) glass used in solar panels. It provides attributes like high transmission, durability, and resistance to UV radiation and humidity. The growing emphasis on renewable energy sources is projected to drive the demand for solar glass, thereby benefiting the washed silica sand market.
Porter's Analysis
Threat of new entrants: New entrants face moderate threats as they require large capital investments to establish themselves and the market shares are dominated by major established players.
Bargaining power of buyers: Buyers have moderate bargaining power due to the presence of many suppliers and standardized nature of the product. Bargaining power of suppliers: Suppliers have moderate bargaining power due to the availability of substitutes and less differentiation in products.
Threat of new substitutes: Threat of substitutes is low as washed silica sand has few close substitute materials for its end use applications.
Competitive rivalry: Intense competition exists among the major players to capture larger market shares.
Geographical Regions
North America holds the major share of the global washed silica sand market in terms of value due to high demand from various end use industries like glass, hydraulic fracturing and foundry. The growing construction activities in the US and Canada boost the market growth. The Asia Pacific region is expected to witness the fastest growth in the washed silica sand market during the forecast period. Improving economic conditions and increasing investments in infrastructure and industrialization in major countries like China and India create high demand for washed silica sand.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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.View Detailed PDF Brochure Here: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=23955586COVID-19 impact on global washed silica sand marketWith 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 DynamicsDriver: Increasing demand for washed silica sand in glass productionGlass 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.
