by Silica sand finds wide applications in glassmaking, hydraulic fracturing, water filtration, metal casting, and other industrial uses owing to its hardness, chemical inertness, and high fusion point properties. Growing demand from the construction sector due to increase in infrastructure projects like airports, roads, rail networks, and buildings is driving the market.
The Global Washed Silica Sand Market is estimated to be valued at US$ 18.56 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 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.
The growing demand from construction, glassmaking, hydraulic fracturing, and other industrial applications is fueling the market growth.
Increased infrastructural investments in developing regions such as Asia Pacific and South America are expected to offer future growth opportunities for washed silica sand producers and suppliers.
Market Key Trends
One of the key trends in the Washed Silica Sand Market Size is the increasing application in hydraulic fracturing. Hydraulic fracturing involves pumping of proppants like silica sand, resin coated sand, and ceramic proppants into fractures in oil and gas wells to keep them open during and after production. Silica sand accounts for over 70% of proppants used in fracking. Growing shale gas exploration and production activities around the world are driving the demand for high-purity silica sand in hydraulic fracturing applications. This is expected to continue being a major growth driver for the market over the forecast period.
Porter’s Analysis
Threat of new entrants: Low capital requirements and access to raw materials pose low threat of new entrants in the washed silica sand market.
Bargaining power of buyers: Large number of buyers and availability of substitutes increase the bargaining power of buyers in this market.
Bargaining power of suppliers: Presence of many suppliers of raw materials reduces their bargaining power in the washed silica sand market.
Threat of new substitutes: Other industrial minerals like crushed gravel pose low threat of substitution to washed silica sand.
Competitive rivalry: Large number of players in the market internationally leads to high competitive rivalry.
Geographical Regions
North America region accounted for the largest share in the global washed silica sand market in terms of value in 2024 due to high demand from end-use industries like glass manufacturing and hydraulic fracturing in the region. The Asia Pacific region is expected to be the fastest growing geographical region during the forecast period due to expansion of end-use industries and growth of construction activities in developing countries of the region. Countries like China, India and Australia are major contributors to the growth of washed silica sand market in Asia Pacific region.
The washed silica sand market in Europe region is also expected to grow at a significant rate during 2024-2031 period. Countries like Germany, UK and France are major consumers of washed silica sand in Europe for applications in industrial, construction and foundry sectors. Presence of automotive industry in Germany is driving the demand for washed silica sand from this country.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
