The Latest Silica Sand Industry Statistics Explained
In 2020, the global Silica Sand market was valued at USD 7.4 billion.
The statistic that the global Silica Sand market was valued at USD 7.4 billion in 2020 indicates the total economic worth of the market for this particular mineral resource. Silica sand is a crucial raw material in various industries such as glass manufacturing, construction, and foundry. The market value of USD 7.4 billion suggests the significant demand for silica sand globally and its importance in driving economic activities. This figure reflects the aggregate value of all transactions related to silica sand in 2020, including production, sales, exports, and imports, providing valuable insights into the size and impact of the silica sand market on the global economy.
The Silica Sand market is projected to reach USD 11 billion by 2026.
The statistic, “The Silica Sand market is projected to reach USD 11 billion by 2026,” indicates the forecasted value of the global silica sand market by the year 2026. This projection suggests that the demand for silica sand is expected to increase significantly over the coming years, reaching a market value of USD 11 billion. This growth may be driven by various factors such as the expanding construction industry, increasing use of silica sand in glass manufacturing and foundries, and rising demand for industrial sand in hydraulic fracturing in the oil and gas industry. Overall, this statistic provides valuable insights into the expected size and potential opportunities in the silica sand market in the near future.
Silica Sand market will grow at a CAGR of 5.5% during 2021-2026.
The statement “Silica Sand market will grow at a CAGR of 5.5% during 2021-2026” implies that the Compound Annual Growth Rate (CAGR) for the Silica Sand market is expected to be 5.5% over the period between 2021 and 2026. This means that on average, the market is projected to increase by 5.5% each year during this time frame. CAGR is a useful metric to evaluate the growth rate of an investment or market over multiple periods, providing a smooth representation of growth over time without the fluctuations that can occur year-on-year. The forecast indicates positive growth and potential opportunities in the Silica Sand market for investors, businesses, and industry stakeholders.
Asia-Pacific dominated the market in 2020, accounting for around 65% of total volume share.
The statistic “Asia-Pacific dominated the market in 2020, accounting for around 65% of total volume share” indicates that the Asia-Pacific region had the largest market share in terms of volume in 2020 compared to other regions. This means that a majority of the products or services sold in that market were consumed or utilized in the Asia-Pacific region. The high volume share of 65% suggests that the Asia-Pacific region played a significant role in the overall market dynamics and likely had a strong influence on industry trends and developments during that time period.
China was the largest consumer of silica sand, accounting for over 45% of the Asia-Pacific market in 2020.
The statistic indicates that in 2020, China was the dominant consumer of silica sand in the Asia-Pacific region, accounting for more than 45% of the market share. Silica sand is a crucial raw material used in a variety of industries, including construction, glass manufacturing, and oil and gas extraction. The significant consumption of silica sand by China highlights the country’s robust industrial activities and infrastructure development. This statistic underscores China’s importance in the silica sand market in the region and its influence on global supply and demand dynamics.
The United States was the largest silica sand producer in 2020.
In 2020, the United States held the position of being the largest producer of silica sand based on statistical data. The statistic indicates that the United States outpaced all other countries in the world in terms of the quantity of silica sand produced during the specified time period. Silica sand is a crucial material used in various industries such as construction, foundry work, and glass manufacturing, and its production can be indicative of economic activity and demand for these products. This statistic suggests that the United States has a significant presence in the global silica sand market and plays a key role in meeting the demands of various industries that rely on this important material.
The glass manufacturing industry is a major consumer of silica sand, accounting for 50% of total consumption.
The statistic that the glass manufacturing industry is a major consumer of silica sand, accounting for 50% of total consumption highlights the significant reliance of the glass industry on this raw material. Silica sand is a key ingredient in the production of glass due to its high purity and specific physical properties. The fact that the glass industry consumes half of the total silica sand used across various industries underscores its crucial role in driving demand for this resource. This statistic is crucial for understanding the economic and environmental impacts of silica sand extraction and usage, as well as for assessing the glass industry’s market influence and potential vulnerabilities related to silica sand supply chain disruptions.
The foundry segment accounted for over 30% of the total market share in 2020.
The statistic “The foundry segment accounted for over 30% of the total market share in 2020” suggests that the foundry industry played a significant role in the market landscape during the year 2020. This indicates that a substantial portion of the overall market activity and revenue generation was attributed to foundries, which are facilities that produce metal castings through a process involving melting and pouring molten metal into molds. The high market share percentage suggests that foundries were a key player in the industry, potentially indicating strong demand for metal castings and related services. Understanding the market share distribution among different segments can provide valuable insights into the competitive dynamics and trends within the industry.
The construction industry uses around 28 million tons of silica sand each year.
The statistic that the construction industry uses around 28 million tons of silica sand each year highlights the significant role that silica sand plays in construction activities. Silica sand is a key ingredient in various construction materials, such as concrete, mortar, and asphalt, due to its strength, durability, and ability to bond materials together. Given the widespread use of these construction materials in infrastructure projects, residential buildings, and commercial developments, the high demand for silica sand reflects the scale of construction activities globally. As silica sand is a finite natural resource, sustainable practices and alternative materials need to be considered to minimize environmental impacts and ensure the long-term availability of this essential material for the construction industry.
Oil & gas industry is projected to show fastest growth in silica sand consumption, at a CAGR of 10.3% from 2021 to 2026.
This statistic indicates that the oil & gas industry is expected to experience the most rapid increase in the consumption of silica sand over the period from 2021 to 2026, with a compounded annual growth rate (CAGR) of 10.3%. Silica sand is commonly used in hydraulic fracturing, or fracking, a technique used in the oil and gas industry to extract natural gas and oil from underground rock formations. The projected growth in silica sand consumption in this industry suggests an increase in fracking activities, likely driven by growing demand for energy resources. This forecast may also reflect advancements in technology and increased exploration and production activities within the oil and gas sector.
Silica sand reserves worldwide were estimated at 230 billion metric tons in 2020.
The statistic ‘Silica sand reserves worldwide were estimated at 230 billion metric tons in 2020’ indicates the total amount of silica sand available for extraction and use across the globe as of the year 2020. Silica sand is a crucial resource used in various industries such as glassmaking, construction, and industrial processes. The estimated reserves of 230 billion metric tons highlight the significant abundance of this mineral on a global scale, providing a valuable insight into the potential long-term availability and sustainability of silica sand for future use and development. This statistic serves as a key indicator for policymakers, businesses, and researchers in understanding the potential supply of silica sand and its implications for economic and industrial activities worldwide.
The production volume of silica sand in India was around 230,000 thousand metric tons in the fiscal year 2020.
The statistic indicates that the production volume of silica sand in India reached approximately 230 million metric tons during the fiscal year 2020. This data point signifies the significant scale of silica sand extraction and production activities in India during that period. Silica sand is a crucial raw material used in various industries, including glass manufacturing, construction, and electronics. The large volume of production highlights the economic importance of silica sand in India and suggests a robust demand for this mineral resource in the country’s industrial sector. Tracking such production volumes can provide insights into the overall economic activity and industrial development of a region, as well as help in planning and decision-making for stakeholders in related industries.
In 2021, the global silica sand consumption by foundry segment had reached 66.8 metric tons.
The statistic highlights that in 2021, the global consumption of silica sand within the foundry segment amounted to 66.8 metric tons. Silica sand is a critical material used in foundry processes for its refractory properties that make it ideal for creating molds and cores in metal casting. The significant consumption of silica sand by the foundry segment indicates the robust activity within the industry, reflecting a high demand for metal casting products worldwide during the specified year. This statistic serves as a key indicator of the foundry industry’s reliance on silica sand as a crucial raw material for its operations and underscores the importance of monitoring such consumption trends for market analysis and strategic decision-making.
Demand for silica sand in China in 2020 was spread across several industries, with glass (38%), foundry (30%), and hydraulic fracking (16%) being the largest.
This statistic indicates the distribution of demand for silica sand in China in 2020 across various industries, with significant portions allocated to glass manufacturing (38%), foundry operations (30%), and hydraulic fracturing (“fracking”) activities (16%). Silica sand is a crucial raw material used in these industries for different applications; for example, it is a key component in glass production due to its high purity and heat-resistant properties, while foundries utilize silica sand as a molding material for metal casting processes. The substantial demand for silica sand in hydraulic fracking highlights its role in the energy sector, where it is utilized for well stimulation to extract natural gas and oil from underground reservoirs. This distribution underscores the versatility and importance of silica sand across diverse industrial sectors within the Chinese economy.
The French Silica Sand market was estimated at USD 396 million in 2020.
The statistic ‘The French Silica Sand market was estimated at USD 396 million in 2020’ indicates the total value of silica sand produced and sold in the French market for that year. This figure represents the estimated revenue generated by businesses involved in extracting, processing, and distributing silica sand within France. The market size of USD 396 million provides valuable insight into the significance of the silica sand industry within the French economy, reflecting demand from various sectors such as construction, glass manufacturing, and industrial applications. Monitoring market value over time can help stakeholders track industry trends, assess competitiveness, and make informed decisions regarding investments and business strategies within the silica sand market in France.
The Middle East and Africa silica sand market was estimated at USD 2.94 Billion in 2020.
The statistic stated that the Middle East and Africa silica sand market had a total estimated value of USD 2.94 billion in the year 2020. This figure represents the total market size for silica sand, a key industrial material used in various industries such as construction, glass manufacturing, and oil and gas. The value of the market indicates the total economic activity associated with the production, consumption, and trade of silica sand within the Middle East and Africa region during the specified year. Such data provides important insights into the significance of the silica sand market in the region, its growth trends, and its contribution to the overall economy.
Silica sand imports in the US grew by 14.4% in 2020.
The statistic ‘Silica sand imports in the US grew by 14.4% in 2020’ indicates that the amount of silica sand being brought into the United States from other countries increased by 14.4% compared to the previous year. This growth suggests an upsurge in the demand for silica sand in the US, which is commonly used in various industries such as construction, glass manufacturing, and oil and gas extraction. The increase in imports could be attributed to factors such as an expanding economy, infrastructure projects, or changes in domestic supply and demand dynamics. Overall, this statistic provides insight into the trends and dynamics of the silica sand market in the US during the year 2020.
The Silica Sand industry in Australia is forecast to grow at an average annual rate of 2.8% over five years through 2025-26.
The statistic indicates that the Silica Sand industry in Australia is expected to experience steady growth over the next five years, specifically from the present year through 2025-26, with an average annual growth rate of 2.8%. This forecast suggests that the demand for silica sand, a key raw material in various industries such as glass manufacturing, construction, and foundry, is projected to increase in Australia. Factors driving this growth could include ongoing industrial development, infrastructure projects, and technological advancements that require silica sand. The forecasted growth rate of 2.8% signifies a positive outlook for the silica sand industry in Australia, indicating potential opportunities for businesses operating within this sector to expand and thrive in the coming years.
Conclusion
The statistics presented in this blog post highlight the significance and growth potential of the silica sand industry. With increasing demand from various sectors such as construction, glass manufacturing, and oil and gas exploration, the future looks promising for the silica sand market. By understanding the trends and data outlined here, stakeholders can make informed decisions to capitalize on the opportunities offered by this thriving industry.
References
0. – https://www.www.mordorintelligence.com
1. – https://www.www.statista.com
2. – https://www.www.prnewswire.com
3. – https://www.www.marketresearch.com
4. – https://www.www.alliedmarketresearch.com
5. – https://www.www.expertmarketresearch.com
6. – https://www.www.grandviewresearch.com
7. – https://www.www.finance.senate.gov
8. – https://www.www.fortunebusinessinsights.com
9. – https://www.www.ibisworld.com
