Asia Pacific Silica Sand Market Outlook
According to the report by Expert Market Research (EMR), the Asia Pacific silica sand market size is projected to grow at a CAGR of 6.80% between 2024 and 2032. Aided by the burgeoning construction industry and the increasing demand from various industrial sectors, the market is expected to grow significantly by 2032.
Silica sand, also known as industrial sand, is one of the most common varieties of sand found across the world. It is used in a wide range of industrial applications due to its unique physical and chemical properties, such as high silica content, strength, and resistance to heat and chemical reactions. In the Asia Pacific region, silica sand is extensively utilised in the glass industry, foundry, construction, and hydraulic fracturing.
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The primary driver of the Asia Pacific silica sand market demand is the robust growth of the construction sector, especially in emerging economies like China, India, and Southeast Asian countries. Silica sand is a key ingredient in the production of concrete and asphalt, which are essential materials in construction activities.
The glass industry also plays a significant role in the market’s growth. Silica sand is a vital component in the manufacture of glass products, including flat glass, container glass, and fiberglass. The rising demand for glass in automotive, construction, and packaging sectors is fuelling the market expansion.
Additionally, the foundry industry has influenced the Asia Pacific silica sand market outlook. Silica sand is used as a moulding material in the casting of metals in the foundry sector, with its demand increasing with the rise in automotive and machinery manufacturing in the region.
Regionally, China dominates the silica sand market in Asia Pacific, attributed to its vast industrial base and substantial investments in construction and infrastructure development. India and Southeast Asian countries are also significant markets, driven by their growing industrial activities and construction projects.
the Asia Pacific silica sand market demand is witnessing significant growth, driven by the expanding construction and glass industries, rising industrial activities, and the growing demand from the foundry sector. While navigating through environmental challenges, the market is poised for continued expansion and innovation, offering substantial opportunities for market players in the coming years.
Market Segmentation
The market can be divided based on type, application, and country.
Market Breakup by Type
- Wet Sand
- Dry Sand
Market Breakup by Application
- Glass Industry
- Foundry
- Chemical Production
- Filtration
- Oil and Gas Recovery
- Construction
- Ceramic and Refractories
- Others
Market Breakup by Country
- China
- India
- Japan
- South Korea
- ASEAN
- Australia
- Others
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific silica sand market. Some of the major players explored in the report by Expert Market Research are as follows:
- Chongqing Changjiang River Moulding Material (Group) Co., Ltd.
- Mitsubishi Corporation
- PUM GROUP
- JFE MINERAL Co., LTD.
- VRX Silica
- Tochu Corporation
- All India Minerals
- Others
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