Silica Sand Market for Glass Making Growing at 4.5% CAGR to 2029Posted by vakhas on February 20th, 2020 Driven by an upswing in demand from food & beverages industry, the global silica sand market for glass making is pegged at a steady CAGR of over 4.5% during 2019 - 2029. Demand for enhanced aesthetic appearance, improved hygiene, better purchasing power, and greater per capita consumption are some of the growth levers steering the demand for silica sand in F&B industry, states a new study of Future Market Insights (FMI). "Preference for glass containers or bottles for packaging of food and beverage products is increasing. Manufacturers of alcoholic drinks are prominently utilizing silica-based glass bottles for packaging. Technological innovations will further propel the growth of silica sand market for glass making," finds the FMI study. Key Takeaways of Silica Sand Market for Glass Making
Silica Sand Market for Glass Making - Top Growth Drivers
Silica Sand Market for Glass Making - Key Restraints
Competitive Landscape Prominent players in silica sand market for glass making include, but are not limited to, JLD Minerals, Imerys Refectory Minerals, U.S. Silica, and Sibelco Group. The market is fairly consolidated, with established players holding over 45% revenue share. Influential market players are opting for partnerships with regional and local players to enhance their global market foothold, variegate product offerings, and reduce operational costs. For instance, Saint-Gobain and Hindustan National Glass announced plans to invest US$ 750 Mn in India as a part of their capacity expansion strategy. Investments in developing countries will remain the key strategic focus of leading players in silica sand market for glass making. More about the Report The 245-page study offers an in-depth market forecast and analysis on the silica sand market for glass making. The major categories encompassed by the report include purity (high purity, ultra-high purity), application (flat glass, fiber glass, glass container, special & technical, tableware), end-use (food & beverages packaging, cookware & utensils, automotive, pharmaceutical, industrial, construction, scientific instrument & analytical research) across seven regions (Oceania, Middle East & Africa, East Asia, South Asia, Latin America, Europe, North America). Explore Extensive Coverage of FMI's Chemicals & Materials Landscape
About Future Market Insights (FMI) Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition. Contact: Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Like it? Share it!More by this author |