The Silica Sand Market is to Touch $29.7 Billion by 2030; increasing demand from the construction and glass manufacturing industries, along with advancements in hydraulic fracturing techniques, propels market growth.

The Silica Sand Market size is estimated to reach $29.7 billion by 2030, growing at a CAGR of 5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Silica Sand Market – By Purity (94% to 95.9%, 96% to 97.9%, 98% to 98.9%, and Above 99%), By Silica Sand (Wet Sand, Dry Sand, Frac Sand, Filter Sand, Coated Sand, and others), By Application (Glass Manufacturing, Chemical Production, Foundry, Construction, Paints & Coatings, Ceramics & Refractories, Filtration and Water Production, Oil & Gas Recovery and others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Rising demand from the electronics industry and the expanding applications in water filtration are fueling the growth of the Silica Sand industry during the forecast period.

North America led the Silica Sand Market with a share of about 48% in 2023 and is expected to grow at a CAGR of 6.3% throughout the forecast period. Silica sand serves as a primary ingredient in various chemicals like sodium silicate, silicon tetrachloride, and silicon gels, essential for producing household and industrial cleaners, fiber optics, and purifying cooking oil and beverages. Moreover, investments and expansions in the fiber optic sector, driven by the 5G rollout, will accelerate market growth. For instance, the Biden-Harris Administration's $1.5 billion Public Wireless Supply Chain Innovation Fund aims to enhance U.S. leadership in wireless technology, fostering connectivity advancements across sectors. Additionally, the administration's allocation of $660 million to address orphaned oil and gas wells underlines ongoing support for economic and environmental initiatives, further bolstering the Silica Sand Market. 

Silica sand plays a crucial role as the primary structural component in a diverse range of construction materials. It is integral in flooring compounds, mortars, specialty cement, stucco, roofing shingles, skid-resistant surfaces, and asphalt mixtures for binding. Additionally, ground silica enhances durability, anti-corrosion properties, and weather resistance in epoxy-based compounds, sealants, and caulks. The surge in initiatives such as smart cities in countries like India and the US is poised to escalate the demand for silica sand. For instance, India's allocation of approximately $2.67 billion to metro projects in the Union Budget 2023-24 is expected to bolster business growth. Similarly, the United States is seeing significant investment in residential development, which is projected to continue. According to the US Census Bureau, construction spending in December 2023 reached a seasonally adjusted annual rate of $2,096.0 billion, up 0.9% from November and 13.9% from December 2022. Moreover, Mexico's rising housing demand and investments in renewable energy projects worldwide are further driving demand for construction services and, consequently, propelling the silica sand market forward.

The silica sand market is significantly bolstered by rising demand from the glass manufacturing industry. In construction, silica sand remains a crucial ingredient in concrete, mortar, and asphalt, pivotal for infrastructure, residential, and commercial projects. Urbanization and industrialization in emerging economies are accelerating construction activities, thus increasing the need for silica sand. Moreover, the demand for glass in construction is also rising. High-purity silica sand plays a vital role in manufacturing various types of glass, including flat glass, container glass, and specialty glass used in automotive, construction, and solar panel industries. The shift towards energy-efficient buildings and renewable energy sources like solar power further augments the demand for premium silica sand, highlighting the pivotal role of the construction and glass manufacturing sectors in driving market growth. 

Key companies profiled in the Silica Sand Market are Sibelco, Hi-Crush Inc., U.S. Silica Holdings Inc., JFE Holdings Inc., Mitsubishi Corporation, Covia Holdings LLC, Badger Mining Corporation, PUM Group, Quarzwerke GmbH, Chem Source Egypt and others.