Market Size of Asia-Pacific Silica Sand Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.12 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Silica Sand Market Analysis
The Asia-Pacific Silica Sand Market size is expected to grow from 144.19 million tons in 2023 to 185.08 million tons by 2028, at a CAGR of 5.12% during the forecast period (2023-2028).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.
- The major factor driving the market studied is consistent economic growth leading to increased construction and use in the foundry industry.
- Illegal mining of sand and the development of sand-free construction products are expected to hinder the market's growth.
- Increasing application in the water treatment Industry and the development of sand-based treatments in dentistry and biotechnology are expected to act as opportunities for the market studied in the forecast period.
Asia-Pacific Silica Sand Industry Segmentation
Silica sand is a chemical compound of silicon and oxygen. It is found in nature and is mined for different end-user industries. Asia-Pacific Silica Sand Market is segmented by end-user industry and geography. By end-user industry, the market is segmented into glass manufacturing, foundry, chemical production, construction, paints and coatings, ceramics and refractories, filtration, oil and gas recovery, and other applications. The report also covers the market sizes and forecasts for the silica sand market in 10 countries across the Asia-Pacific region. The market sizing and forecasts have been done for each segment based on volume (Tons).
| End User Industry | |
| Glass Manufacturing | |
| Foundry | |
| Chemical Production | |
| Construction | |
| Paints and Coatings | |
| Ceramics and Refractories | |
| Filtration | |
| Oil and Gas Recovery | |
| Other End User Industries |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| Indonesia | |
| Thailand | |
| Malaysia | |
| Singapore | |
| Philippines | |
| Vietnam |
Asia-Pacific Silica Sand Market Size Summary
The Asia-Pacific silica sand market is poised for significant growth, driven by consistent economic expansion and increased construction activities, particularly in emerging economies like India and China. The market, which experienced setbacks due to the COVID-19 pandemic, has been on a recovery path since 2021. The glass manufacturing industry stands as a major consumer of silica sand, utilizing it extensively in the production of containers, flat glass, and fiberglass. The demand for flat glass and fiberglass is expected to rise, fueled by the burgeoning automotive and construction sectors in the region. Additionally, the use of specialty glass in the electronics sector in countries such as South Korea and Japan is anticipated to further bolster market growth. However, challenges such as illegal sand mining and the development of sand-free construction products may impede progress.
In India, the silica sand market is supported by the country's robust construction and foundry industries. As a significant player in the global construction market, India is witnessing increased demand for commercial and residential buildings, driven by urbanization and government initiatives like the National Infrastructure Pipeline. The country's aim to achieve a USD 5 trillion economy by 2025 underscores the importance of infrastructure development, which in turn fuels the demand for silica sand. The market is characterized by a partially consolidated structure, with key players including Mitsubishi Corporation, TOCHU CORPORATION, Sibelco, PUM GROUP, and Fairmount Santrol. These companies are instrumental in shaping the market dynamics through their strategic initiatives and developments.
Asia-Pacific Silica Sand Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Consistent Economic Growth Leading to Increase in Construction
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1.1.2 Increasing Use in the Foundry Industry
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1.1.3 Others Drivers
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1.2 Restraints
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1.2.1 Illegal Mining of Sand
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1.2.2 Development of Sand-free Construction Products
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 End User Industry
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2.1.1 Glass Manufacturing
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2.1.2 Foundry
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2.1.3 Chemical Production
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2.1.4 Construction
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2.1.5 Paints and Coatings
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2.1.6 Ceramics and Refractories
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2.1.7 Filtration
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2.1.8 Oil and Gas Recovery
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2.1.9 Other End User Industries
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2.2 Geography
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2.2.1 China
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2.2.2 India
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2.2.3 Japan
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2.2.4 South Korea
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2.2.5 Indonesia
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2.2.6 Thailand
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2.2.7 Malaysia
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2.2.8 Singapore
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2.2.9 Philippines
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2.2.10 Vietnam
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Asia-Pacific Silica Sand Market Size FAQs
What is the current Asia Silica Sand Market size?
The Asia Silica Sand Market is projected to register a CAGR of 5.12% during the forecast period (2024-2029)
Who are the key players in Asia Silica Sand Market?
Mitsubishi Corporation, TOCHU CORPORATION, Sibelco, PUM GROUP and Fairmount Santrol are the major companies operating in the Asia Silica Sand Market.
