The new report by Expert Market Research titled, ‘Saudi Arabia Silica Sand Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the silica sand market in Saudi Arabia, assessing the market supported its segments like product type, application, end-user and major regions.
The report tracks the newest trends within the industry and studies their impact on the general market. It also assesses the market dynamics, covering the key demand and price indicators, alongside analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.8%
Saudi Arabia’s silica sand market is primarily driven by increased demand for the material in the construction industry for the manufacture of doors, windows, shopfronts, interior partitions, facades, and railings for balconies and staircases. Additionally, the widespread use of silica sand in the personal care and consumer electronics sectors is boosting the market’s prospects across the area.
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Additionally, the multiple qualities of this material, such as compression strength, durability, and elasticity, are fueling its market expansion. It is widely used in the purification of water and the manufacture of glass, pottery glaze, refractories, enamel, synthetic foundry moulding catalysts, and acid-resistant ceramics.
Industry Definition and Major Segments
Silica sand sometimes referred to as white sand or quartz sand, is composed primarily of silicon and oxygen. Silica sand is formed when quartz is crushed into tiny particles by water and air. It is available in a variety of hues, most commonly white or colorless and exhibits high boiling and melting points. depending on the rock remnants and other minerals that comprise the resource. Sand material must include at least 95% silicon dioxide and less than 0.6 percent iron oxide to be classified as silica sand; otherwise, it is classified as ordinary sand.
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Based on form:
• Wet
• Dry
Based on type:
• Frac Sand
• Filter Sand
• Coated Sand
• Others
Based on application:
• Glass Industry
• Foundry
• Construction
• Ceramic and Refractories
• Paint and Coating
• Chemical Production
• Oil and Gas
• Filtration
• Others
Market Trends
In the Saudi Arabia silica sand industry, the glass industry is expected to have a significant market share. This increase can be attributed to the rising demand for silica sands in the glass industry from neighboring countries such as the United Arab Emirates, where Saudi Arabia supplies the majority of imported silica sand. According to a report published by Glass International in September 2018, Saudi Arabia has no shortage of high-grade silica, and it meets the majority of the silica sand demands in the MENA region’s glass industry.
The silica sand industry can be segmented on the basis of form, type, and application. According to a report published by Arab News in April 2021, the country aims to increase renewable energy generation capacity to 58.7 gigawatts by 2030, with 40 gigawatts coming from solar power, according to the National Renewable Energy Program.
Saudi Arabia is the sixth-largest solar energy producer in the world. Low iron silica sand is preferred in the production of solar glass in this regard, which is expected to boost the market’s overall growth. The sand depletion crisis, caused by rapidly depleting sand resources around the world, could be a potential stumbling block to the industry’s growth.
Key Market Players
The major players within the market are Muadinoon, Al Salam Al Ma’asi Co. (ASAMCO), Delmon Group, BMS Factories, Al-Rashed Cement Company and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of those market players.
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