산업용 규사 시장 : 현황 분석과 예측(2024-2032년)

The concept of focusing on the industrial silica sand market is based on the supply and demand for high-quality silica sand, which is used in the production of several industries including the glass, construction, oil & gas, and ceramics industries. These factors include the high purity of silica, its thermal and mechanical stability, and hardness qualify silica sand to be used for the production of glass products, cement, foundry, and solar panel industries. The market is mainly fueled by the growth of glass and construction industries along with the increasing development of hydraulic fracturing in the oil and gas segment. Moreover, the rise in the usage of Silica Sand in the electronic and solar panel segments continuously drives the market ahead. Currently, the developing nations with rapidly developing infrastructural and automotive industries notably China and India are the prime consumers of industrial silica sand.

The Industrial Silica Sand Market is expected to grow at a robust CAGR of 5.2% during the forecast period, owing to the Growing demand for silica sand in construction, hydraulic fracturing, and glass manufacturing industries. Current consolidations are changing the prospects of the industrial silica sand market. For example, in April 2024, one of the biggest producers, U.S. Silica Holdings Inc., signed an agreement with Apollo Global Management on the acquisition of the firm for $1,850 million because the transfers in the market remain active. Mineral industry developments in mining and processing are allowing the production of higher-purity silica sand for increased applications in electronics and solar. In the past few years owing to an increase in the number of investments in renewable energy projects especially in solar energy, there are respectively developing manufacturing capacities across the country for silica sand processing units including new generation plants. Also, innovative and new ventures related to environmental and sustainable mining operations, along with environmentally friendly processing methods are coming into the market as per the regulatory norms that are stringent. Combined, these developments mean a progressive, evolution-oriented industry.

Currently, the industrial silica sand market mainly grows in China India, and Vietnam due to the increasing rate of urbanization, development of infrastructure, and industries. China, for instance, through governmental production strategies like the Made in China 2025 strategy is promoting local manufacturing of high-purity silica sand for electronics and solar purposes. The vibration is favored by Indian government standards such as "Make in India, " pushing indigenous production and infrastructural activities that augment the silica sand requirement. On the other hand, through the National Power Development Plan VIII which aims for Vietnam to develop solar and wind energy, there is also demand for high-quality silica sand for solar panels production. Such countries, backed by positive government actions to spearhead, are believed to set trends in the future industrial silica sand market.

Based on Purity, the market is categorized into Standard Purity Silica and High Purity Silica. The High Purity Silica segment is expected to showcase the highest growth during the forecast period. The High Purity Silica segment is hugely influenced by its applications in the electronics, photovoltaic, semiconductor, and other high-technology sectors. The growth of applications involving connected devices and smart technology through 5G, electric vehicles with extended driving range, and renewable energy systems has caused a surge in the usage of optical fibers, new silicon wafers, and solar panels, all of which require high-purity silica." Also, the use of its products in the production of pharmaceutical and food-related products due to their high chemical stability and purity has boosted its progress. Since the application areas demand more and more timely and high-performance materials, the high-purity silica industry gratifies high investment in technology and rising production capacity.

Based on Application, the Industrial Silica Sand market is divided into Glass, Hydraulic Fracturing, Construction, Foundry, Ceramics & Refractories, and Others. The Glass segment registered the highest revenue during the year 2023. The Glass segment is advancing due to the increased market demand for glass in the construction and automotive industries and in packaging. The escalated rate of urbanization and infrastructural growth across the world has increased the demand for architectural glass more so the energy-saving windows and facade. In the automotive industry, specific factors such as an increase in the number of vehicles manufactured and advancement in the technology used in the production of lightweight and safety glasses fuel demand. Moreover, the beverage and pharmaceutical industry to glass for safe, environmentally friendly, reusable, and non-leachable packing material and packaging boost the market. Technological developments in specialty glass, which include the handset display screens, as well as the optical lenses in cameras are other factors that boost the vigorous growth of this segment.

For a better understanding of the market adoption of the Industrial Silica Sand industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S.A., Canada, and Rest of North America), Europe (Germany, United Kingdom, France, Spain, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), Rest of World. The industrial silica sand market is also focusing on the Asia-Pacific (APAC) due to improved Industrialization, urbanization, and infrastructure development in countries like China India Japan, etc. Thanks to APAC's construction renaissance spurred by government spending in smart cities and affordable housing schemes, silica sand has gained appeal, particularly for cement and concrete use. Also, the car manufacturing business as well as the electronics manufacturing fraternity within the region has the influence of the use of silica sand in glass making and high-tech applications. Much of the region's economic strength, particularly in hydraulic fracturing and reliable renewable energy converses to the market. Due to the many raw materials that are available and because of its robust manufacturing sector, APAC is predicted to continue dominating the market.

Some of the major players operating in the market include Mitsubishi Corporation, SCR Sibelco NV, Chongqing Changjiang River Moulding Material Group Co., Ltd., U.S. Silica Holdings, Inc., Quarzwerke GmbH, JFE Mineral & Alloy Company, Mangal Minerals, Badger Mining Corporation, Euroquarz GmbH, and Covia Holdings LLC.

TABLE OF CONTENTS

1.MARKET INTRODUCTION

• 1.1. Market Definitions
• 1.2. Main Objective
• 1.3. Stakeholders
• 1.4. Limitation

2.RESEARCH METHODOLOGY OR ASSUMPTION

• 2.1. Research Process of the Industrial Silica Sand Market
• 2.2. Research Methodology of the Industrial Silica Sand Market
• 2.3. Respondent Profile

3.EXECUTIVE SUMMARY

• 3.1. Industry Synopsis
• 3.2. Segmental Outlook
  • 3.2.1. Market Growth Intensity
• 3.3. Regional Outlook

4.MARKET DYNAMICS

• 4.1. Drivers
• 4.2. Opportunity
• 4.3. Restraints
• 4.4. Trends
• 4.5. PESTEL Analysis
• 4.6. Demand Side Analysis
• 4.7. Supply Side Analysis
  • 4.7.1. Merger & Acquisition
  • 4.7.2. Investment Scenario
  • 4.7.3. Industry Insights: Leading Startups and Their Unique Strategies

5.Pricing Analysis

• 5.1. Regional Pricing Analysis
• 5.2. Price Influencing Factors

6.GLOBAL INDUSTRIAL SILICA SAND MARKET REVENUE (USD BN), 2022-2032F

7.MARKET INSIGHTS BY PURITY

• 7.1. High Purity Silica
• 7.2. Standard Purity Silica

8.MARKET INSIGHTS BY APPLICATION

• 8.1. Glass
• 8.2. Hydraulic Fracturing
• 8.3. Construction
• 8.4. Foundry
• 8.5. Ceramics and Refractories
• 8.6. Others

9.MARKET INSIGHTS BY REGION

• 9.1. North America
  • 9.1.1. USA
  • 9.1.2. Canada
  • 9.1.3. Rest of NA
• 9.2. Europe
  • 9.2.1. Germany
  • 9.2.2. United Kingdom
  • 9.2.3. Spain
  • 9.2.4. France
  • 9.2.5. Italy
  • 9.2.6. Rest of Europe
• 9.3. Asia Pacific
  • 9.3.1. China
  • 9.3.2. India
  • 9.3.3. Japan
  • 9.3.4. Australia
  • 9.3.5. Rest of APAC
• 9.4. Rest of World

10.VALUE CHAIN ANALYSIS

• 10.1. Marginal Analysis
• 10.2. List of Market Participants

11.COMPETITIVE LANDSCAPE

• 11.1. Competition Dashboard
• 11.2. Competitor Market Positioning Analysis
• 11.3. Porter Five Forces Analysis

12.COMPANY PROFILED

• 12.1. Mitsubishi Corporation
  • 12.1.1. Company Overview
  • 12.1.2. Key Financials
  • 12.1.3. SWOT Analysis
  • 12.1.4. Product Portfolio
  • 12.1.5. Recent Developments
• 12.2. Scr Sibelco NV
• 12.3. Chongqing Changjiang River Moulding Material Group Co., Ltd.
• 12.4. U.S. Silica Holdings, Inc.
• 12.5. Quarzwerke GmbH
• 12.6. JFE Mineral & Alloy Company
• 12.7. Mangal Minerals
• 12.8. Badger Mining Corporation
• 12.9. Euroquarz GmbH
• 12.10. Covia Holdings LLC

13.ACRONYMS & ASSUMPTION

14.ANNEXURE