Home > News > Industry News > Asia Pacific Silica Sand Market 2022, Size, Share, Demand and Competitive Analysis

Asia Pacific Silica Sand Market 2022, Size, Share, Demand and Competitive Analysis

Post Time:Aug 02,2022Classify:Industry NewsView:992

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. Silica sand, or industrial sand, is mainly composed of finely crushed quartz and other granular substances, including silicon, oxygen, feldspar, carbonates, clay minerals, and iron oxides. It exhibits non-reactiveness and enhanced heat, elasticity,  strength, durability, and chemical resistance. Along with this, silica sand has exceptional texture and low oil-absorbing properties; therefore, it is extensively used as an extender in paints and coatings. Apart from this, it finds extensive applications as a crucial ingredient in paving roads, producing coal-burning boilers, industrial casting, and sandblasting.

Market Trends:

With the ongoing construction activities and the growing investments in various infrastructural projects in the Asia Pacific region, there has been an increasing need for high-building materials to engineer windows, facades, and fences for residential and commercial complexes. Furthermore, the extensive utilization of high-purity silica sand in the production of silicon-metal composite materials and solar panels is augmenting the product demand. Additionally, the employment of silica sand in the automobile industry for manufacturing specialized glass and its byproducts, including flat glass, hybrid guide plates, and containers, is impelling the market growth. Besides this, silica sand is widely deployed in shale gas exploration, hydraulic fracturing, acid leaching, and thermal treatment activities, which is creating a positive outlook for the market 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

  • Foundry

  • Hydraulic Fracturing

  • Filtration

  • Abrasives

  • Others

Breakup by Country:

  • China

  • India

  • Malaysia

  • South Korea

  • Japan

  • Australia

  • Others

Source: https://www.digitaljournal.com/Author: shangyi

Hot News