Industrial Silica Sand Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Industrial Silica Sand Market Introduction
The term industrial silica sand refers to high purity silica sand products along with closely controlled sizing, thereby having texture and composition exactly suitable for various industrial applications. Silica is also referred as silicon dioxide, silicic acid, or quartz. Industrial silica sand comprises of deposits of silica yielding products, which contain at least 95% of silica.
Industrial silica sand is commonly found in crystalline form, and comprises of rounded sands of pure quartz grains. Industrial silica sands is used as a primary raw material in a wide range of industrial applications such as hydraulic fracturing or fracking, construction, and glass making. Its strength and non-reactive properties are among the main properties of silica that make industrial silica sand an indispensable ingredient across numerous end-user industries.
Industrial Silica Sand Market – Market Players
Some of the most prominent competitors operating in the competitive landscape of global industrial silica sand market include –
Industrial Silica Sand Market Dynamics
North America and Asia Pacific will Prove Most Profitable Regions for Industrial Silica Sand Market Players
Industrial silica sand market is expected to witness rapid growth in North America and the Asia-Pacific region in the upcoming years. The positive growth prospects of the industrial silica sand market in the North American region is mainly attributed to the significant rise in production of industrial sand and gravel in the region.
According to a recent report published by the United States Geological Survey (USGS), in the U.S., the production of industrial sand and gravel valued around US$ 3.5 billion in 2017, which signifies an increase of around 32% over the production value in 2016. With the rapidly growing oil & gas sector in the region, the demand for industrial silica sand is expected to increase in North America, creating lucrative opportunities for industrial silica sand market players.
Similarly, with the increasing mineral resource production in the Asia-Pacific region, especially in Australia, is expected to create positive growth environment for industrial silica sand market players in the region. Furthermore, China’s export-oriented and capital-intensive growth has been creating more sales opportunities for players in the industrial silica sand market in Asia Pacific.
Regulatory Developments Addressing Hazards of Respirable Silica Affect Industrial Silica Sand Market Players
Despite the increasing use of industrial silica sand in various industrial applications, growing awareness about harmful effects of inhaling silica dust is influencing the preeminent dynamics of the industrial silica sand market. Governing bodies across various countries and regions are encouraging employer organizations to address the employee health concerns related to respirable silica dust, which can pose serious harm to the respiratory systems, can even cause lunch cancer.
The Occupational Safety and Health Administration (OSHA) has passed a new rule to address harmful effects of exposure to respirable crystalline silica, which compels employers to institute dust controls and medical surveillance to employees who are exposed to silica dust. While these regulations can help industrial silica sand market players to reduce the number of workplace injuries and accidents in the long run, increased production cost can lead to creating short-term challenges for stakeholders in the upcoming years.
Industrial Silica Sand Market to Witness Incremental Growth as Demand Increases across Wide-ranging Applications
Owing to the flexible physical properties and versatility of silica, industrial silica sand are used across the variety of end-use industries, including fiberglass, construction, plastics, chemical, paints & coating, and metal production. Also, being one of the commonly found earth element, industrial silica sand remains an abundantly available resource for most end-user industries. Among all the other end-uses of industrial silica sand, the glassmaking industry is expected to bolster its demand, thereby contributing majorly to the growth of the industrial silica sand market in the upcoming years.
Industrial Silica Sand Market Segmentation
Based on its applications, the industrial silica sand market is segmented into
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report