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Silica sand(SiO2) is the finely crushed form of quartz. Silica sand or industrial sand is defined as sand with at least 95% SiO2 and less than 0.6% iron oxide. Sand which does not fulfil this criterion is considered as regular sand. Properties that make silica sand so desirable material are its toughness, high melting point and inert chemical nature.
Silica Sand is used for making concrete which is the basic building material and widely used in construction industry. As the developing economies like India and China witness growth in construction industry this factor shall drive the market growth. Emerging technologies such as the increased use of hybrid guide plates, lightweight glazing glass, solar power glazing for vehicle and construction glasses, and advanced nanotechnology in flat glass are all adding to the glass industry's growth and, as a result, driving the market.
However strict environmental guidelines imposed by governments due to growing concerns to protect and preserve environment can make activities like mining and dredging more expensive thus negatively affecting market growth.
Key Market Driver -
Growing Demand in Construction Industry in Developing economies.
Key Market Restraint -
Environmental Concerns in Quarries While Mining and Dredging
Based on end-use industry, the market is segmented into construction, glass manufacturing, foundry, chemical production, paints & coatings, ceramics & refectories, filtration, oil & gas and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major companies in the global silica sand are Sibelco, US Silica, Mitsubishi Corporation, Quarzwerke GmbH, and Badger Mining among others
Regionally the Silica Sand Market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East & Africa. North America market is expected to expand as U.S. develops its hydraulic fracturing which uses silica sand as proppant. Asia Pacific is estimated to witness high growth owing to upcoming growth in construction industry which uses silica sand as building material. Also India and China have major market share in glass making Industry which uses silica sand as major raw material. Europe is expected to grow owing to steady growth in demand for speciality product produced by glass industry. Latin America and Middle East & Africa shall exhibit sluggish growth during the forecast period.
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By End-use Industry
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