Saudi Arabia Silica Sand Market Outlook
According to the report by Expert Market Research (EMR), the Saudi Arabia silica sand market size is projected to grow at a CAGR of 6.5% between 2024 and 2032. Aided by the thriving manufacturing sector of the country, 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 renowned for its high silica content and its applications in a variety of industries including glass making, foundry, chemical production, and oil and gas recovery. In Saudi Arabia, the abundant availability of high-quality silica sand is a crucial factor propelling the Saudi Arabia silica sand market growth.
The construction sector in Saudi Arabia, witnessing substantial growth, plays a pivotal role in driving the demand for silica sand. Silica sand is a fundamental component in the production of concrete and asphalt, which are essential in the country’s rapidly expanding construction projects. Moreover, the government’s ambitious Vision 2030 plan, which includes large-scale infrastructure and tourism projects, further augments the demand for silica sand.
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According to the Saudi Arabia silica sand market analysis, the country’s growing focus on diversifying its economy has led to the expansion of the manufacturing sector, where silica sand is widely used. Its applications in glassmaking, ceramics, and industrial casting are particularly noteworthy. The glass industry, especially, relies heavily on high-quality silica sand for the production of flat glass, container glass, and other glass products.
The country’s oil and gas industry also boosts the Saudi Arabia silica sand market demand. Silica sand is used in hydraulic fracturing, a method to extract oil and natural gas from shale formations. This application is particularly relevant given Saudi Arabia’s prominent position in the global oil market.
The Saudi Arabia silica sand market is on a trajectory of steady growth, backed by the flourishing construction sector, burgeoning manufacturing industries, and the strategic initiatives under Vision 2030. The abundance of high-quality silica sand in the region, coupled with the increasing applications in various industries, paints a promising picture for the market’s future. As the country continues to diversify its economy and invest in infrastructure and industrial development, the demand for silica sand is expected to rise, leading to further expansion of the market in the coming years.
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Saudi Arabia Silica Sand Market Segmentation
The market can be divided based on form, type, and application.
Market Breakup by Form
- Wet
- Dry
Market Breakup by Type
- Frac Sand
- Foundry and Moulding Sand
- Glass Sand
- Other Industrial Sand
Market Breakup by Application
- Glass Industry
- Foundry
- Construction
- Ceramic and Refractories
- Paint and Coating
- Chemical
- Oil and Gas
- Filtration
- Others
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 Saudi Arabia silica sand market. Some of the major players explored in the report by Expert Market Research are as follows:
- Muadinoon Mining Company
- Al Salam Al Ma’asi Co. (ASAMCO)
- Delmon Group
- Rashed Al Rashed & Sons Co
- BMS Factories (Gharbalah industrial company)
- Others
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