‘Asia Pacific Silica Sand Market Trends, Report and Forecast 2023-2028’, by Expert Market Research, gives an extensive outlook of the Asia Pacific silica sand market, assessing the market on the basis of its segments like type, applications, and major regions.
Asia Pacific Silica Sand Market Share, Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): USD 6.74 Billion
• Forecast CAGR (2023-2028): 6.8%
|Growth Rate CAGR||6.8%|
|Major Players||Chongqing Changjiang River Moulding Material (Group) Co. Ltd., Mitsubishi Corporation, Pum Group,|
JFE Mineral Co. Ltd., VRX Silica, Tochu Corporation, All India Minerals, and Others.
Due to the rising demand for high purity silica sand in the production of solar panels and silicon-metal composite materials, the Asia Pacific silica sand market is growing. The region’s rapid expansion of solar infrastructure is accelerating the installation of glass-based photovoltaic modules.
Silica sand is increasingly being used to produce customized glass in developed nations like South Korea and Japan, where the consumer electronics industry is expanding. The demand for silica sand has greatly expanded as a result of the growing construction industry, rising per capita income, rising automotive production and sales, and technological improvements.
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The demand for premium construction materials in the residential and commercial sectors has increased due to rapid urbanisation. Additionally, the market expansion is being fueled by the increasing infrastructure investments in a number of Asia Pacific nations, including China, India, Japan, South Korea, and Vietnam, among others.
In addition, hydraulic fracturing also makes use of silica sand. The region’s silica sand industry is being boosted by a plethora of shale gas development projects, particularly in Australia and China.
Asia Pacific Silica Sand Industry Definition and Major Segments
Quartz makes up the majority of silica sand, sometimes referred to as industrial sand, along with feldspar, carbonates, clay minerals, iron oxides, and other substances. Silica sand is used in a variety of sectors, including glassmaking, hydraulic fracturing, water filtration, industrial casting, and sandblasting. Numerous benefits, including high granularity, strength, durability, and increased resistance to heat and chemical reactions, among others, can be credited for this.
Based on type, the market segmented into:
• Wet Sand
• Dry Sand
Based on significant applications of the market, the market is divided into:
• Glass Industry
• Chemical Production
• Oil and Gas Recovery
• Ceramic and Refractories
Based on region, the market can be divided into:
• The Middle East and Africa
• North America
• The Asia Pacific
• Latin America
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Asia Pacific Silica Sand Market Trends
Sand is categorised as a minor mineral by the Indian Ministry of Mines along with marble, clay, and other minor minerals. India uses silica sand for many purposes, such as making glass in foundries, making chemicals, building things, and making paints. In terms of income and future market expansion, India is a significant player in the global construction industry.
This has increased demand for commercial buildings, shopping centers, arenas, high-rise buildings, and hotels, which has increased demand for silica sand in India. India’s expanding construction and foundry sectors are expected to drive a strong increase in the silica sand market.
The glass sector in nations like China and India will keep increasing the amount of silica sand used in the manufacture of flat glass products like windows, glass bottles, solar panels, and electronic displays. Furthermore, foundry activities are expanding quickly in India, driving the creation of sand moulds for the production of machine tools, automobiles, wind turbines, and other kinds of metal castings.
Key Market Players
The major players in the asia pacific silica sand market report are:
- Chongqing Changjiang River Moulding Material (Group) Co. Ltd.
- Mitsubishi Corporation
- Pum Group
- JFE Mineral Co. Ltd.
- VRX Silica
- Tochu Corporation
- All India Minerals
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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