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Silica Sand Market Scope and overview, To Develop with Increased Global Emphasis On Industrialization

Report Ocean publicizes a new report on the Silica Sand market. The Silica Sand market report contains numerous information about factors, such as market restraints, drivers, and opportunities. In addition, the report provides an in-depth review of industry developments and trends in the market that are influencing the Silica Sand market growth. Additionally, the database analyzes and estimates the Silica Sand market both globally and regionally.

The Global Silica Sand Market is projected to register a healthy CAGR of 6.75% to reach USD 21,657.4 Million by-2024.

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Market analysis
Nowadays, the increasing application of silica sand in the foundry industry is expected to be another major factor driving the global market growth. Industrial sand has a high melting point of 1610°C, which aids in casting metal and aluminum alloys with melting points of 1510°C and 650°C, respectively. In addition to high thermal resistance, silica sand can withstand the pressure of the molten metal without yielding and further exhibits high bond strength and high refractoriness. A large amount of silica sand is widely used in the iron and steel industries to make cores and molds for metal castings. Moreover, it plays a crucial role in the foundry industry as the main mold and core-making material for both ferrous and non-ferrous castings. Furthermore, its low rate of thermal expansion helps in producing stable cores and molds compatible with all the poring temperatures and metal alloy systems.

Silica is the term given to the group of minerals that are composed of silicon and oxygen. Silica sand is a granular material that contains quartz and a small amount of clay, coal, and other minerals. Silica sand is quartz that over time, through the work of wind and water, is broken down into tiny granules of sand. It finds application in glassmaking, construction, water treatment, metal casting, and foundry, among others. Moreover, it is largely used as a raw material in the manufacturing of glass and other applications due to its properties such as chemical inertness, high melting point, and hardness. It is also known as quartz sand or industrial sand and is a term denoted to high-purity silica sand products with closely controlled sizing.

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Market segmentation
The Global Silica Sand Market has been segmented by type, by end use and by region. The expanding glass industry is foreseeable to be the major driver of the growth of the global silica sand market in the glassmaking applications in the automotive and construction businesses. Silica sand displays the compulsory clarity, grain strength, refractoriness, and color for glassmaking. Also, it offers the compulsory essential SiO2 module of glass preparation with high chemical purity. Industrial sand is majorly used in the production of flat glass which further is used in tableware, automobiles, and container glass for foods and beverages.

Furthermore, it is used to produce specialty glass, television screens, incandescent, and fluorescent lamps, computer cathode ray tube(CRT) monitors, and used in the manufacturing of test tubes. Based on application, the hydraulic fracturing segment held the largest market share of 41.39% in 2018 and is projected to reach USD 10,180.7 million by the end of-2024. Silica sand is used as a proppant in hydraulic breaking in the shale gas and oil industry. Also, it functions as a flux to lower down the thickness and melting point to make them more actual and responsive. In June 2018, Emerge Energy exposed its in-basin sand development in Kingfisher County, Oklahoma.

The expansion would upsurge the silica sand production by 1.5 million tons yearly. The new mining area consists of 65% of 100 mesh sand while 35% of the deposits contain 40/70 of sand. Based on mesh size, the <70 mesh segment settled for the principal market share of 42.19% in 2018 and is estimated to register the highest CAGR of 7.22% during the review period. This is accredited to its growing feeding in water filtration, paints and coatings, and hydraulic applications. Besides, this mesh size is ideal for these applications and further offers required sphericity and grain strength. By grade, the glass segment held the main market share of 41.22% in 2018 and is projected to be the wildest-growing segment during the forecast period.

This is due to the surging demand for flat glass in the construction and automotive industries, mainly in developing countries such as India, Mexico, and Philippines. Besides, the robust growth viewpoint of the solar PV industry across the globe is likely to augment the demand for high-quality silica sand to produce photovoltaic glass. Based on process, the dry silica sand piece subjugated the global silica sand market with a market share of 61.00% in 2018. Besides, the segment is likely to grow at the highest CAGR in the coming years owing to the easy handling and high ingesting in glassmaking applications.

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Regional analysis
Geographically, Global Silica Sand Market is split in regions like North & Latin America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. The North American market settled for the second-major market share of 37.7% in 2018 and is likely to display a notable CAGR of 6.49% during the assessment period due to the high consumption of silica sand in the glass submissions. Also, the complementing request for frac sand as a proppant in the shale gas industry is further anticipated to propel the regional market growth.

The Asia-Pacific market subjugated the global market accounting the largest share of 39.6% in 2018 and is estimated to register the highest CAGR of 7.65% by the end of-2024. This is attributed to the snowballing urbanization, easy openness of raw material, and increasing consumption in various end-use industries. China is the leading country in the region and was valued at USD 3,064.3 million in 2018 owing to the large consumer base and healthy growth of the foundry and oil & gas industries.

The other funders are Japan, India, and Australia & New Zealand. In March 2018, U.S. Silica acquired EP Minerals, which is an inventor company in trade reserves and engineered resources. EP Minerals’ outreach market of unique minerals, which comprises additives, absorbents and purification will expand the market reach of U.S. Silica. The US is the principal consumer in the region owed to the strong shale gas industry base and presence of major frac sand producing companies such as U.S. Silica and Fairmount Santrol.

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Major players
The proposed spectators in the Global Silica Sand Market are Silica sand manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global Silica Sand Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Silica Sand Market are companies like U.S. Silica(US), Fairmount Santrol(US), Sibelco(Belgium), Toyota Tsusho Corporation(Japan), IMOSA(Spain), Emerge Energy Services(US), Badger Mining Corporation(Germany), Cairo Fresh for Minerals & Quarries Materials(Egypt), Tochu Corporation(Japan), Euroquarz GmbH(Germany), and American Elements(US), Quarzwerke GmbH, Chongqing Changjiang River Moulding Material(Group) Co., Ltd, Mitsubishi Corporation and PUM Group

Table of Contents:

Executive Summary Market Structure Market Restraints Market Factor Analysis Company Profiles

Our market research provides vital intelligence on market size, business trends, industry structure, market share, and market forecasts that are essential to developing business plans and strategy.

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A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

The Study Explore COVID 19 Outbreak Impact Analysis

What should be entry strategies, countermeasures to economic impact, and marketing channels? What are market dynamics? What are challenges and opportunities? What is economic impact on market? What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

The study objectives of this report are:

To study and analyze the global market size (value & volume) by company, key regions/countries, products and application, history data, and forecast to 2025. To understand the structure of market by identifying its various subsegments. To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). Focuses on the key global manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years. To analyze the growth trends, future prospects, and their contribution to the total market. To project the value and volume of submarkets, with respect to key regions (along with their respective key countries). To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market. To strategically profile the key players and comprehensively analyze their growth strategies.

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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

Key questions answered in the Silica Sand market report are:How does a global company acquire markets? What are its core strategies and policies? What factors will influence the Silica Sand market over the forecast period? What are the factors driving and restraining the market for Silica Sand? What are the leading competitors in the global market? Which region is growing at a higher pace in the global market?

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