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Report Overview
The global silica sand market attained a volume of 397.48 MMT in 2023. The silica sand market value is estimated to grow at a CAGR of 4.44% during 2024-2032 to reach a volume of 599.44 MMT by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
Silica sand market players are increasingly broadening their approach toward sustainability and efficiency in mining and processing to develop more qualitative, specialised sand products for a wider range of applications, including hydraulic fracturing, advanced glass making, and water filtration. Innovation in greener practices and technology-driven solutions forms the core of the market leaders’ strategies, aiming at marketplace demand combined with environmental concern.
Key Industry Players
Few of the silica sand companies that are leading the market are:
JFE Mineral and Alloy Company Ltd. is a subsidiary of JFE Holdings, Inc. The company was formed in April 2022 after a merger of JFE Mineral Company, Mizushima Alloy Steel Company, and JFE Materials Company.
Sibelco provides material solutions, specialising in sourcing, transformation, and distribution of specialty industrial minerals, including silica, clays, feldspathoids, and olivine. Headquartered in Belgium, the company operates with 200 production sites across 31 countries, 6 technical centres, and has a workforce of around 4,683 employees.
Headquartered in Japan, Mitsubishi Corporation has a wide range of businesses across multiple industries and operates with eight industry-specific business groups namely environmental energy, materials solution, mineral resources, urban development and infrastructure, mobility, food industry, smart life creation, and power solution.
Covia was formed by the merger of Fairmount Santrol and Unimin and is a top provider of mineral and material solutions for the Industrial and Energy markets. Founded in 2018, the company offers a diverse range of high-quality products, specialised technical expertise, and the most comprehensive and accessible distribution network.
Other notable players operating in the global silica sand market are Tochu Corporation, US Silica Holdings Inc, Euroquarz GmbH, Manley Bros. of Indiana, Inc, Badger Mining Corporation, and Perniagaan Usahasama Membalak Sdn. Bhd. (PUM Group), among others.
Silica Sand Market Report Snapshots
*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 attained a volume of 397.48 MMT in 2023.
The market is estimated to grow at a CAGR of 4.44% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 599.44 MMT by 2032.
The factors driving the market growth are increasing construction activities, expansion of the glass manufacturing sector, rising metal casting works, and expansion of the oil and gas sector.
Key trends aiding market expansion include the growing applications of silica sand, rising infrastructural developments in emerging economies, and increasing demand from the glass industry.
The key regional markets for silica sand are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Glass manufacturing is expected to account for the largest share in the forecast period.
The key players in the market include JFE Mineral & Alloy Company,Ltd, SCR-Sibelco NV, Mitsubishi Corporation, Covia Holdings LLC, Tochu Corporation, US Silica Holdings Inc, Euroquarz GmbH, Manley Bros. of Indiana, Inc, Badger Mining Corporation, and Perniagaan Usahasama Membalak Sdn. Bhd. (PUM Group), among others.
In August 2023, the global spending on construction stood at USD 1.98 trillion, representing a 7.4% increase since 2022.
The applications include glass manufacturing, foundry, chemical production, construction, paints and coatings, ceramics and refractories, filtration, oil and gas and others.
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