Industrial Silica Sand Market Applications and Market– Industry Analysis, Size, Share, Growth and Forecast 2029

 

Market Analysis and Insights of Industrial Silica Sand Market

Data Bridge Market Research analyses that the global industrial silica sand market will project a CAGR of 1.80% for the forecast period of 2022-2029. Growth and expansion of glassmaking and foundry industry especially in the developing economies, rising application of industrial silica sand by a wide range of end user verticals especially in the developing economies, growth and expansion of buildings and construction industry and increasing personal disposable income are the major factors attributable to the growth of industrial silica sand market.

Also known as quartz sand, white sand, or industrial sand, silica sand is one of the most commonly found sand across the globe. Industrial silica sand plays a crucial role in metallurgy and glass making activities. Silica sand is made up of two elements namely oxygen and silicon. Industrial silica sand, in its finest form, is used in applications such as foundries and coal burn boilers, oil and water filtration, industrial casting, sandblasting, among others. Application of industrial silica sand provides a wide range of benefits such as high strength, high silica content and good resistance to heat and chemical reactions.

Increased usage of silica sand in foundry and glass industries and rising demand of industrial silica sand due to its mechanical properties especially in the developing economies are the major factors fostering growth of the industrial silica sand market. Rising number of industrial product innovations, introduction of lightweight glazing glass and advanced technology will further create lucrative growth opportunities for the industrial silica sand market. Rising focus on automotive production and sales especially in the developing economies such as India and China, rising deployment of advanced nanotechnology in flat glass and growing focus of the major manufacturers on technological advancements are other important factors bolstering the industrial silica sand market growth rate.  

However, intense pricing pressure over the manufacturers and fluctuations in the prices of raw materials will pose a major challenge to the growth of industrial silica sand market. Surging demand of sand free construction project and illegal mining of sand will further derail the industrial silica sand market growth rate. Lack of strong distribution network in the backward areas will further restrict the scope of growth.

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