According to IMARC Group’s latest report, titled “Asia Pacific Silica Sand Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the Asia Pacific silica sand market reached a value of US$ 5.42 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.17 Billion by 2027, exhibiting a CAGR of 7.28% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Silica sand is a commonly utilized variety of sand that is widely used for industrial purposes. Also known as industrial sand, it is derived from quartz that eventually breaks down into minute granules by the gradual movement of water and wind. It also comprises other compounds, such as iron oxides, feldspars, carbonates and clay minerals. It is commonly characterized by excellent strength, enhanced resistance against heat and chemical reactions, and high granularity. As a result, it finds extensive applications in numerous application segments, including water filtration, building roads, industrial casting, sandblasting, glassmaking, hydraulic fracturing, and the manufacturing of paints and coatings, across a vast array of industrial segments.
Market Trends and Drivers:
The Asia Pacific silica sand market is primarily driven by the increasing utilization of silica sand in glass and foundry industries. There has been a rising demand for high purity silica sand for the production of photovoltaic (PV) panels and silicon-metal composite materials. Supported by the various initiatives undertaken by several governmental and non-governmental organizations (NGOs) to promote the use of solar energy, there has been a rising demand for the installation of glass-based PV modules in the region. This, coupled with the rapid development of solar infrastructures in the Asia Pacific region, is expected to provide an impetus to the market growth. Moreover, silica sand is widely utilized in the production of fiberglass, which is further employed as an essential component in the automotive industry. With the rising population growth in the region and the inflating per capita income levels of the masses, there has been a considerable rise in the sales of cost-efficient cars, which, in turn, is creating a positive outlook for the market. This is also supported by the escalating production of automobiles due to the presence of numerous key automotive players in the region.
Asia Pacific Silica Sand Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the Asia Pacific silica sand market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Chongqing Changjiang River Moulding Material (Group) Co. Ltd
- Diatreme Resources Limited
- JFE Mineral Company Ltd.
- Mangal Minerals
- Mitsubishi Corporation
- PUM Group
- Raghav Productivity Enhancers Limited
- Rock Energy International
- TOCHU Corporation
- VRX Silica Limited
- Xinyi Golden Ruite Quartz Materials Co. Limited
Key Market Segmentation:
The report has segmented the Asia Pacific silica sand market on the basis of end use and country.
Breakup by End Use:
- Glass Industry
- Hydraulic Fracturing
Breakup by Country:
- South Korea
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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