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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Saudi Arabia Silica Sand Market Trends
Saudi Arabia’s mining sector is crucial for its economic development and is continuously obtaining support from the government. Silica is one of the industrial minerals targeted for mining in the country, which is supporting the Saudi Arabia silica sand market development. The government plans to make mining the third pillar of the economy, along with oil and downstream petrochemicals. The Ministry of Energy, Industry and Mineral Resources (MEIMR) seeks to increase the sector's contribution to the GDP to USD 64 billion by 2030.
The ongoing construction of mega infrastructural projects such as Neom and the Red Sea Project is increasing the consumption of silica sand in the country.
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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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124