Global Industrial Silica Sand Market Insights
The global industrial silica sand market has witnessed a steady growth, recording a CAGR of 4.0% over the past half-decade. However, due to the ongoing outbreak of the COVID-19, demand contraction has been observed in the 2nd and 3rd quarter of fiscal year 2020.
Post this timeframe, demand for industrial silica sand is set to gain pace and the market is forecast to expand at a CAGR of 4.4% during the period of 2020-2030.
The industrial silica sand market growth is attributed to rapid expansion of the conventional markets such as glass manufacturing. Silicon dioxide is an important component for the glass manufacturing, which is present in impressive amount in industrial silica sand.
Most of the specialty and standard glass products contain a large amount of industrial silica sand, which continues to act as a key market growth driver.
Apart from glass manufacturing, industrial silica sand finds application in metal casting, hydraulic fracturing, construction additives, filter media, and others. In recent years, use of industrial silica sand in hydraulic fracturing has been influencing manufacturers’ growth strategies, owing to the rise in shale oil production.
Global Industrial Silica Sand Market Analysis by Type
Of the two major types of industrial sand silica, sodium silicate accounts for more than 80% of the market share, owing to its extensive usability quotient. Rising application scope of sodium silicate in drilling fluids, stabilizing bore wells, and glass manufacturing is expected to result in increased market share.
Moreover, it is extensively used in the construction industry to reduce porosity in a wide range of masonry products such as stucco, concrete block, mortars, and others.
Potassium silicate exhibits greater refractoriness compared to sodium silicate. At high temperatures, silica containing potassium flows easily and tends to soften which is not the case in sodium silicates. Producers fetching industrial silica sand tend to incline towards potassium silicate for its utilization in various high temperature binders.
However, potassium silica accounts for less than 10% share of the total market value due to its limited applications. It is pertinent to note that demand for both sodium silicate and potassium silicate suffered a decline in 2020, due to the COVID-19 impact which has pulled the plug of global supply chain, distorting the supply & demand balance.
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Global Industrial Silica Sand Market Analysis by End Use
Industrial silica sand has been extensively used in the glass and foundry industries, which together account for more than 60% share of the global market revenue. Industrial silica sand is consumed in significant amounts in these industries for their provision of stable properties.
Manufacturers are focusing on identifying and leveraging white spaces in application of industrial silica sand, ranging from casting application in the foundry industry to providing a packing density in masonry products such as stucco, concrete products, specialty cement, and flooring compounds.
Global Industrial Silica Sand Market: Regional Analysis
North America is estimated to account for the largest market share in 2020. This trend is anticipated to continue throughout the forecast period. Consumption of industrial silica sand in North America is mainly backed by increasing demand from oil & gas industry.
South Asia & Oceania remained the fast-growing market for silica sand during the historical period, attributed to increasing consumption in glass and building & construction industries. Currently, East Asia accounts for more than one fourth of the industrial silica sand demand.
However, the COVID-19 pandemic has contracted demand and significantly affected the production of industrial silica sand. This trend is anticipated to continue for more than 12 months. By the 1st quarter of 2022, the market is set to recover its pace. The industrial silica sand market will gain momentum once the manufacturing sites such as glass industry begins operating at maximum capacity.
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Global Industrial Silica Sand Market Players: Key Strategies
The global industrial silica sand market is fairly fragmented in nature. U.S. Silica, Mitsubishi, Sibelco, and Fairmount Santrol are among the tier 1 players. Together, they are anticipated to account for more than 50% of the global market share in 2020. Key manufacturers are observed to be involved in material research and productivity enhancement.
Prominent manufacturers have also showcased their organic & aggressive strategies. For instance, In May 2018, U.S. Silica completed its acquisition of EP Minerals, a global producer of engineered materials derived from industrial minerals such as clay, perlite, and diatomaceous earth (DE), to increase the company’s industrial material product offerings.
“Increased level of market maturity and heavy competition are pushing manufacturers to stabilize the price points of industrial silica sand at bulk levels across the major regions”.
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COVID-19 Impact Analysis
The coronavirus pandemic has brought the whole world to a standstill. Business activities have registered a downturn in the form of dwindling sales due to reduced production and demand.
The same is true for the industrial silica sand market. The ongoing pandemic has led to a decline in all industrial activities, thereby affecting the demand for industrial silica sand.
Extended lockdowns in different countries have reduced the production of industrial silica sand for the past month, as key manufacturing units and factories are shut. Following the uplift of lockdowns, it will take at least a couple of months to restore production to normal.
Thus, contracting demand from allied industries in second quarter of 2020 will have prolonged effects on the global industrial silica sand market.
About the Report
Fact.MR published an exclusive forecast report for industrial silica sand market for the period of 2020-2030. The foremost objective of this report on the industrial silica sand market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the industrial silica sand market.
Also, the study on industrial silica sand market addresses key dynamics, which are expected to diversify the sales and future prominence of industrial silica sand market.
The report on industrial silica sand market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of industrial silica sand market elaborating on the key segments.
Also, the report outlines visionary insights on dynamics industrial silica sand market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for industrial silica sand.
Supply chain analysis and pricing analysis of industrial silica sand market along with the difference between industrial silica sand used as per applications have also been included in the report to help the readers clearly understand the product framework map in industrial silica sand market.
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Industrial Silica Sand Market: Segmentation
Fact.MR has studied the industrial silica sand market with detailed segmentation on the basis of type, particle size, application, end-use, and key regions.
- Sodium Silicate
- Potassium Silicate
- <40 Mesh
- 40-100 Mesh
- >100 Mesh
- Metal Casting
- Hydraulic Fracturing
- Construction Additives
- Filter Media
- Glass Manufacturing
- Building & Construction
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Industrial Silica Sand Market- Scope of the Report
The recent study by Fact.MR on industrial silica sand market offers a 10-year forecast for the period of 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of industrial silica sand market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of industrial silica sand. The study also provides dynamics that are responsible for influencing the future status of the industrial silica sand market over the forecast period.
A detailed assessment of industrial silica sand value chain, business execution, and supply chain across the regional markets has been covered in the report. A list of prominent companies operating in the industrial silica sand market along with their product portfolio enhances the reliability of this comprehensive research study.
Industrial Silica Sand Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in the industrial silica sand market across the globe.
A comprehensive estimate on the industrial silica sand market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of industrial silica sand during the forecast period. Price point comparison by region with global average price is also considered in the study.
Industrial Silica Sand Market: Size Evaluation
Industrial silica sand market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US$ Mn).
Market estimates at global and regional levels for industrial silica sand is available in terms of “US$ Mn” for value and in “Kilo tons” for volume. A Y-o-Y growth contrast on prominent industrial silica sand market segments, along with market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve while identifying potential resources, considering sales and distribution perspective in the global industrial silica sand market.
Industrial Silica Sand Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the industrial silica sand report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of the industrial silica sand market during the forecast period.
Country-specific valuation on demand for industrial silica sand has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all the regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Industrial Silica Sand Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of industrial silica sand along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the industrial silica sand, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permit the report readers to take preemptive steps in advancing their businesses.
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