The Global Washed Silica Sand Market Is Driven By Rising Construction Activities
Washed silica sand is produced through extensive screening and cleaning process to remove impurities in natural sand deposits. It provides high brightness and opacity making it suitable for applications like glassmaking, hydraulic fracturing, construction, and foundry among others. Washed silica sand typically contains over 99% silica content, round to sub-angular shape and uniform particle size distribution, ensuring that it meets quality and performance requirements of various end-use industries.
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 growing demand for washed silica sand from construction industry is driving the market growth. Silica sand is a key constituent in concrete and mortar manufacturing. Rapid urbanization and infrastructural development activities globally have augmented the consumption of washed silica sand.
The global Washed Silica Sand Market Size is also expanding owing to growing exports from key producing countries to cater to rising demand across various geographies. Development of logistics network and transportation facilities are enabling greater international trade of washed silica sand.
Market drivers
The rising construction activities across both commercial and residential sectors is the primary driver augmenting demand for washed silica sand. Construction industry accounts for over 60% consumption of washed silica sand. Growing population has increased housing requirements and investments in building construction, roads, bridges etc. which is propelling market growth for washed silica sand.
Geopolitical Impact on Washed Silica Sand Market Growth
The current geopolitical instability and uncertainties arising from the Russia-Ukraine conflict is significantly impacting the growth of the washed silica sand market. Both Russia and Ukraine are among the major exporters of silica sand used in various end-use industries like glassmaking, hydraulic fracturing, construction, foundries, etc. The ongoing war has disrupted the supply chain and export of silica sand from these two countries. This has led to supply shortages and increased the input costs for manufacturers relying on imports.
Furthermore, sanction on Russia is limiting the trade opportunities with European countries which has traditionally been one of the biggest export destinations. The supply disruptions are forcing companies to look for alternative sources to fulfill demand. However, shifting to new suppliers also comes with additional transition costs. It is causing delays in projects and lowering capacity utilization until new supply partnerships are established.
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