June 02, 2021
According to the research report titled ‘Global Washed Silica Sand Market by Fe Content (>0.01%, ????0.01%), Particle Size (????0.4mm, 0.5mm ????C 0.7mm, >0.7mm) and Application (Glass, Foundry, Oil well cement, Ceramic & Refractories, Abrasive, Metallurgy, Filtration). Regional Forecasting 2020-2027’, available with Market Study Report, global washed silica sand market was remunerated USD 16.2 million in 2019 and is anticipated to record 5.4% CAGR over 2020-2027, amassing USD 24.7 billion by the end of the forecast timeframe.
As per the findings of the report, surging demand for containers and flat glasses are primarily driving global washed silica sand market growth.
For those unversed, silica sand is an unscented powder that is mainly used in glass production. It provides silicon dioxide (SiO2), a critical component required for the formulation of glass, making silica the most important component in all types of manufacturing.
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Statista cites that, the production of glass and glass components is expected to increase in India by 2024. Steel and glass manufacturing in India are anticipated to produce approximately USD 4.2 billion in revenue by 2024. Likewise, the increase in production of glass materials will continue to enhance the overall market outlook.
Surging demand for glass silica from pharmaceutical industry globally is projected to further boost the demand for washed silica sand for glass production.
Speaking of the factors restraining worldwide washed silica sand industry expansion, government norms on the usage of the product is acting as a major challenge for businesses in this domain.
Based on Fe content, the market is split into <0.01% and >0.01%. With resect to particle size, the industry is divided into <0.4mm, >0.7mm, and 0.5mm-0.7mm. Moving on to application spectrum, the industry segmentation comprises filtration, metallurgy, abrasive, ceramic & refractories, oil well cement, foundry, glass, and others.
Considering the geographical ambit, Asia Pacific presently holds considerable portion of global washed silica sand market share, owing to rapid urbanization and increasing infrastructure development. The growing glass, foundry, construction, oil-fired concrete, and other industries in many APAC countries drive the region's demand for washed silica sand.
Key players in global washed silica sand market are International Silica Industries Co., Tanvi Mines & Minerals (TMM), High Purity Quartz Materials, MS Industries, Euroquarz GmbH, Adwan Chemical Industries Company, Australian Silica Quartz Group Ltd., VRX Silica Ltd., U.S. Silica Holdings Inc., and SCR-Sibelco N.V.