According to Fortune Business Insights™, the global silica sand market size was valued at USD 12.16 billion in 2023 and is projected to grow from USD 13.10 billion in 2024 to USD 23.70 billion by 2032, exhibiting a CAGR of 7.7% during the forecast period. Asia Pacific dominated the silica sand market with a market share of 29.28% in 2023. Moreover, the silica sand market size in the U.S. is projected to grow significantly, reaching an estimated value of USD 4.00 billion by 2032, driven by the increased production of oil and natural gas, which require silica sand for the fracking process. The rise can be attributed to the extensive range of applications, including inert chemical nature, high melting point, toughness, and others.
Silica sand (SiO2) is the finely crushed form of quartz. Industrial sand and gravel, often called quartz and silica sand, includes sand and gravel with high silicon dioxide content. It contains at least 95% SiO2 and less than 0.6% iron oxide. Sand that does not fulfill this criterion is considered regular sand.
This information is provided by Fortune Business Insights™ in its research report, titled “Silica Sand Market, 2024-2032”.
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List of Key Players Mentioned in the Report:
Segments:
Construction Segment to Register Substantial Growth Owing to Escalated Product Adoption
On the basis of end-use industry, the market for silica sand is segregated into foundry, construction, paints & coatings, glass manufacturing, oil & gas, chemical production, ceramics & refractories, and others. The construction segment is slated to depict commendable expansion over the estimated period. The surge can be attributed to the growing product usage in the manufacturing of concrete and mortar.
Based on geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.