Impact of COVID-19 on Silica Sand Market : Implications on Business

Silica Sand Market: Snapshot

Silica sand or industrial sand is the most crucial product used for construction activities worldwide. The increasing number of infrastructural development stands as the key factor boosting the global silica sand market during the forecast period, set between 2024 and 2030. Additionally, the rising demand for silica sand from industries such as industrial casting, sand blasting, and glass making will also add impetus to the growth of the market.

The report on the global silica sand market is based on a qualitative and quantitative analysis of the market and its prime growth trajectories. The report discusses the recent innovations, and current trends along with the growth driving, and growth repelling factors.  It also list the names of players functioning in the market, their key strategy, and recent product development or launches if any. Furthermore, the report discusses the impact of COVID-19 pandemic on the market and how can the silica sand market benefit from it in the long run.

The global silica sand market is classified on the basis of application and region. In terms of application, the market is categorized into chemical production, abrasives, filtration, hydraulic fracturing, foundry, glass industry, and others.

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Silica Sand Market: Competitive Landscape

Vendors of the global silica sand market are engaging in close competition with each other on account of the presence of a perfect competition. Players are engaging in company collaborations and joint ventures to gain an upper hand in the market competition. Some of the vendors of the global silicon sand market are Hi-Crush Inc., Quarzwerke GmbH, u.s.Silica, SCR-Sibelco N.V., JFE Mineral Company Ltd., Chongqing Changjiang River Moulding Materual (Group) Co. Ltd., Mitsubishi Corporation, and others.

Silica Sand Market: Recent Innovations

Inferable from expanded development industry interest, expanding car creation and deals, per-capita pay development and mechanical turns of events, the glass business is encountering high development. Also, the development of glass industry, accordingly, is driven by arising improvements, including developing utilization of crossover direction, sun oriented control coating for the car and building glass enterprises, lightweight coating, and progressed level glass nanotechnologies. Numerous nations around the globe favor regular shale gas to limit their dependence on unrefined petroleum. Shale gas is created by pressure driven penetrating, which utilizes silica sand as a specialist. It is extended to rise the market for silica sand by expanding shale gas creation. To improve the development business, future infrastructural ventures in a few nations are relied upon to expand the interest of silica sand in different enterprises.

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Some countries are favoring normally accessible shale gas to diminish their reliance on unrefined petroleum. Shale gas is separated utilizing pressure driven cracking cycle, wherein silica sand is utilized as a proppant. Thus, the development in the shale gas creation is relied upon to expand the interest for silica sand.

Silica Sand Market: Regional Insights

Geographically, the global silica sand market is categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Among these, the market is dominated by North America on account of major contributions from the United States and the increasing demand for shale gas production. Besides this, other nations following the footsteps of the United States include Australia, Italy, Turkey, Germany, and others.

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On the other side, the market in Asia Pacific is expected to witness lucrative growth opportunities on account of the increasing demand from glass making and other end use industries especially in the developing nations of India, China, and Japan.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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