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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Saudi Arabia Silica Sand Market Size
The Saudi Arabia silica sand market reached a volume of 703.45 KMT in 2023. The market is further estimated to grow at a CAGR of 6.9% during 2024-2032 to reach a volume of 1,269.71 KMT by 2032.
Saudi Arabia Silica Sand Market Outlook
- The government is planning on expanding the use of solar power in the Kingdom under its Vision 2030 and has also set the target of constructing 40 GW of photovoltaic (PV) solar power by 2030, increasing the demand for silica sand to produce solar panels.
- The presence of several ongoing mega projects, such as Qiddiya, Neom, the Red Sea project, and Amaala, supported the consumption of silica sand in the Kingdom of Saudi Arabia.
- Saudi Arabia has the presence of high-purity silica sand reserves (>98%) with 1 billion tons of reserves along with adequate energy and infrastructure.
Saudi Arabia Silica Sand Market Report Snapshots
Saudi Arabia Silica Sand Market Size
Saudi Arabia Silica Sand Market Share
Saudi Arabia Silica Sand Market Growth
Saudi Arabia Silica Sand Market Trends
Saudi Arabia Silica Sand Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a volume of 703.45 KMT in 2023.
The market is projected to grow at a CAGR of 6.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 1269.71 KMT by 2032.
The different forms of silica sand include dry and wet.
The applications of silica sand are glass industry, oil and gas, construction, foundry, filtration, chemical, ceramic and refractories, paint and coating, and others.
The types of silica sand are glass sand, frac sand, foundry and moulding sand, and other industrial sand.
The factors driving the silica sand market are increasing construction activities, presence of favourable government initiatives, a significant presence of silica sand deposits, and rising adoption of renewable energy in Saudi Arabia.
The key players in the Saudi Arabia silica sand market analysis include Muadinoon Mining Company, Al Salam Al Ma'asi Co. (ASAMCO), Delmon Group, Rashed Al Rashed & Sons Co., and BMS Factories (Gharbalah Industrial Company), among others.
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