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
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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