Silica Sand Market – Asia Pacific Industry Analysis, Size, Share, Growth, Trends

Posted by Simone on April 15th, 2021

Asia Pacific silica sand market was valued at USD 5,346.5 million in 2019 and is anticipated to reach USD 8,303.9 million by 2027, expanding at a CAGR of 6.1% during the forecast period. In terms of volume, the Asia Pacific silica sand market is projected to expand at a CAGR of 6.4% during the forecast period. Silica sand is composed of two elements which include silica and oxygen or silicon dioxide (SiO2). The most common form of SiO2 is quartz, which is relatively hard and chemically inert. Silica sand is available in the market under names such as white sand, quartz sand, or industrial sand. Regular sand contains silica sand in the amount of <95%. The impurities in regular sand make it more chemically reactive and often darker in color as compared to silica sand. Silica sand is a commercial and consumer product and is widely available across Asia Pacific. Asia Pacific is considered as a major end-user of silica sand owing to the growing glass and foundry industries in this region. Furthermore, increasing glass production in Asia Pacific is anticipated to further boost the demand for silica sand in this region. The use of silica sand depends on its mechanical characteristics such as structure, grain size, shape, color, distribution, and refractoriness, stability, and strength.

The market is driven by factors such as rising construction activities in Asia Pacific, high demand for molding sand in foundry, rapid development of solar infrastructures, and increasing use of silica sand in glass material manufacturing.

Silica sand is an inescapable part of the glass materials industry and claims for more than 50% of all raw materials used in glass manufacturing. The glass goods industry is growing in APAC, especially in countries such as India, China, and South Korea. Major players in the glass industry are shifting their production base to APAC countries. Rapid industrialization and urbanization and increasing adoption of smart and energy-efficient methods are driving glass production. Furthermore, the use of specialty glass in electronic materials in developed countries, such as Japan, is projected to drive the market during the forecast period.

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Simone

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Simone
Joined: March 15th, 2021
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