May 20, 2024

Washed Silica Sand Market is Estimated to Witness High Growth Owing to Increasing Applications in Industrial Sector

The washed silica sand market is used across multiple end-use industries owing to its properties such as high brightness, low iron content and consistent grain sizes. Washed silica sand is used in industrial applications as well as foundry moulding work. Key industrial applications of washed silica sand include glassmaking, hydraulic fracturing, construction, water filtration and abrasives. The rising demand from growing construction and infrastructure development activities is expected to drive the demand for washed silica sand.

The Global washed silica sand market is estimated to be valued at US$ 18.56 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 To 2031.

Key Takeaways
Key players operating in the washed silica sand are Unimin Corporation, Fairmount Minerals, US Silica Holdings, Inc., Emerge Energy Services LP, Badger Mining Corp, Hi-Crush Partners, Preferred Sands, Premier Silica, Pattison Sand, Sibelco, Minerali Industriali, Quarzwerke Group, Aggregate Industries & WOLFF & MÜLLER, VRX Silica Limited, Australian Silica Quartz Group Ltd, Adwan Chemical Industries Company, Refcast Corporation, Zillion Sawa Minerals Pvt. Ltd., TMM India, and Srinath Enterprises. The washed silica sand market has opportunities for growth owing to increasing construction activities in both developed and developing nations. Technological advancements in mining techniques and processing methods are expected to boost productivity and efficiency in washed silica sand production.

Market drivers
The increasing demand from glassmaking industry is a major market driver for Washed silica sand Market size . Silica sand is an important raw material for glass production as it gives strength as well as clarity to glass products. Rising construction of new buildings, infrastructure and automotive production is expected to increase demand for glass, thereby driving washed silica sand consumption. Other industrial applications such as hydraulic fracturing are also fueled by growth in energy and utilities sector worldwide.

Current Challenges in Washed Silica Sand Market
The washed silica sand market is facing challenges owing to stringent environmental regulations regarding mining and processing of silica sand. Development of alternative mineral fillers and extenders that can replace silica sand in various end-use applications is hindering the market growth. Further, the availability of low-cost substitutes such as calcium carbonate is a major challenge. Sustaining quality standards and meeting specific particle size distribution requirements of end-users also poses difficulties.

SWOT Analysis
Strength: High purity and propensity to withstand heat makes washed silica sand suitable for foundry and metallurgical applications.

Weakness: Stringent mining regulations and high dependence on limited number of mines.

Opportunity: Emerging applications in hydraulic fracturing, filtration, and coating.

Threats: Threat from low-cost substitutes and supply-demand imbalance owing to fluctuating economic conditions.

In terms of value, North America is currently the largest geographical region for washed silica sand market owing to presence of major foundry and glass industries. Asia Pacific is projected to be the fastest growing regional market driven by growing construction, metallurgical, and ceramics industries in China and India.

Majority of the global washed silica sand reserves are concentrated in United States, China, Mexico and Turkey. The key washed silica sand producing states in the US include Minnesota, Wisconsin, Illinois and Missouri. Asia Pacific region dominates in terms of consumption led by countries like China, India, Japan and South Korea.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it