Summary Asia Silica Sand Market-Growth, Trends and Forecasts( 2017-2022) Description
The Asia silica sand market demand was valued at USD 4,930.21million and XX million metric tons in terms of volume. As a commodity, silica sand is used as a primary ingredient in numerous industries, namely construction, glass, foundry, oil & gas and fillers & extenders. Its properties, such as resistance to high temperatures, purity, grain size, inertness, and hardness make it a vital ingredient for numerous industrial sectors.
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On the basis of the end-user industry, we have segmented the Asia silica sand market into glass manufacturing, foundry, chemical production, construction, paints and coatings, ceramics and refractories, filtration, oil and gas recovery, and others. The glass-manufacturing sector accounted for over 30 % share of the market and is expected to be the fastest growing in the forecasted period.
The market is driven by numerous factors, such as growing demand for reclamation sand from the foundry industry, rise in the construction activities in countries such as India, China, Indonesia, and Singapore, and accelerating demand from the China glass industry. However, this market faces certain drawbacks, such as rise in illegal sand mining and development of sand-free products for the construction industry. As a result, the aforementioned factors may act as a roadblock in the growth of the market
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On the basis of silica sand, the Asia construction and reclamation sand market can be broadly segmented into wet sand, dry sand, frac sand, filter sand, and coated sand. Additionally, the market has also been segmented on the basis of construction sand into pit sand( coarse sand), river sand, manufactured sand / artificial sand and sea sand. Furthermore, on the basis of reclamation sand the market has been segmented into mechanical reclamation and thermal reclamation.
The market has also been geographically segmented into China, India, Japan, South Korea, Singapore, Malaysia, Thailand, Vietnam, Indonesia and Philippines.
Furthermore, the growing hydraulic fracking( owing to rising shale gas and shale oil exploration activities) will offer numerous opportunities in the growth of the Asia construction and reclamation sand market. Some of the major companies dominating this market are Iluka Resources, LafargeHolcim, Sibelco, Parthenon Resources, and Tochu Corp.
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