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Silica Sand Market Set For Growth

Post Time:Aug 17,2020Classify:Industry NewsView:1147

The SILICA SAND MARKET is projected to be valued at $14.71 Billion and register a CAGR of 6.75% during the forecast period. Silica is a chemical compound composed of silicon and oxygen in the ratio of 1:2, respectively. Silica sand is composed of granular materials that consist of quartz as the major component and a small amount of clay, coal, and other minerals.

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Industrial sand, over time, through the work of water and wind is weathered into tiny granules of sand.

Moreover, it exhibits superior properties such as high thermal resistance, hardness, and chemical inertness which make it suitable for a diverse range of applications such as glassmaking, hydraulic fracturing, and water treatment, among others.

Moreover, it is prominently used as a raw material in the manufacturing of flat glass, screen-printed glass, annealed glass, and tempered glass in various industries such as consumer electronics, automotive, chemicals, and construction.

The expanding glass industry is expected to be the major driver in the global silica sand market on account of increasing consumption of silica sand in glassmaking applications owing to its high thermal strength, high melting point, excellent refractoriness, and grain strength.

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In addition, the high demand for silica sand in the foundry industry for metal casting for both ferrous and non-ferrous alloys is further projected to augment the global silica sand market growth.

Moreover, the growing construction industry in the developing countries of Asia-Pacific such as India and South-East Asian countries including Indonesia, Thailand, and Malaysia is likely to boost the global market growth for silica sand owing to its use in specialty cement, flooring compounds, and mortars.

However, the only bottleneck in a growth trajectory of the global silica sand market is the increasing concerns among the consumers regarding the potential health impacts of respirable crystalline silica (RCS).

Moreover, stringent government regulations for sand mining used in fracking is likely to further hinder the global market growth in the coming years.

Nevertheless, the rising shale gas exploration in the US and growing consumption in the oil & gas industry as a proppant is expected to create lucrative opportunities for the market players. Also, robust shale gas exploration in Asian countries such as China and Japan are further anticipated to provide immense opportunities to the silica sand producers during the forecast period.

Source: http://communalnews.com/Author: shangyi

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