by It is derived from naturally occurring sandstones and quartzite formations subjected to washing with water to remove clay, silt, and other fine particles. The end product contains high amounts of silica (SiO2) ranging between 99 to 99.5 percent, making it a preferred construction material. The finely ground and sifted texture of washed silica sand provides strength and workability for concrete, mortars, and plaster applications. Its acid-resistant properties further aid in road and highway construction works.
The Global Washed Silica Sand Market is estimated to be valued at US$ 18.56 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 to 2031.
Surging infrastructure activities worldwide to enhance transportation, utility, and housing services are fueling the demand for quality construction materials. Nations are investing heavily in building new roads, bridges, power plants, factories, and commercial spaces which will continuously elevate the sales of Washed Silica Sand Market Size. Besides construction, glass manufacturing also consumes washed silica sand as a replacing agent for soda-lime silicate. The market is set to gain further momentum with the expected rise in the photovoltaic glass industry.
Key Takeaways
Key players operating in the Washed Silica Sand Market are Unimin Corporation, Fairmount Minerals, US Silica Holdings, Inc., Emerge Energy Services LP, Badger Mining Corp, Hi-Crush Partners, Preferred Sands, Premier Silica, Pattison Sand, Sibelco, Minerali Industriali, Quarzwerke Group, Aggregate Industries & WOLFF & MÜLLER, VRX Silica Limited, Australian Silica Quartz Group Ltd, Adwan Chemical Industries Company, Refcast Corporation, Zillion Sawa Minerals Pvt. Ltd., TMM India, and Srinath Enterprises.
The consumption of washed silica sand has witnessed substantial growth in the past decade due to the increasing urbanization and industrialization worldwide. Megaprojects in the expanding economies like ASEAN nations, India, and China have doubled the demand for construction quality materials. The product has emerged as a critical raw material in the construction industry value chain.
Major players are exploring untapped regions for supplying washed silica sand through acquisitions and joint ventures. US Silica entered a long-term supply agreement with Mercer Sands Domica to obtain raw silica sand reserves in the Caribbean. VRX Silica acquired Granite Hills Silica Sand in Western Australia to strengthen its foothold in the Asia Pacific market. overseas expansions will help companies gain volume shares during the forecast period.
Market Key Trends
One of the prominent trends in the washed silica sand market is the rising focus on sustainable mining and processing practices. Strict environmental regulations across regions are prompting manufacturers to adopt less energy-intensive washing solutions and minimize water usage in production cycles. Advanced dewatering techniques help produce high-purity washed silica sand with minimal environmental impact. Companies are investing in renewable energy integration and waste-to-energy conversion methods to reduce their carbon footprint. Such eco-friendly initiatives will strengthen the industry outlook in the coming years.
Porter’s Analysis
Threat of new entrants: New entrants find it difficult to enter the washed silica sand market as it requires large capital investment and there are already well established players.
Bargaining power of buyers: Buyers have moderate bargaining power in the washed silica sand market as there are numerous suppliers.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitutes and focus on long term relationships with buyers.
Threat of new substitutes: Threat of new substitutes is low as washed silica sand has unique properties that are difficult to substitute.
Competitive rivalry: The washed silica sand market features strong competition among existing players.
Geographical regions with high market concentration in terms value:
North America accounts for the largest share in the global washed silica sand market both in terms of value and volume. Countries like US and Canada are major consumers of washed silica sand.
Fastest growing region:
Asia Pacific region is expected to be the fastest growing market for washed silica sand. Growing construction activities in countries like China and India are driving the growth of washed silica sand market in Asia Pacific region.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
