Silica Sand Market Market is Growing at a CAGR of Around 4.7% During 2008–2015
According to IMARC group’s latest report “Silica Sand Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” the global silica sand production was worth 171 Million Tons with the market growing at a CAGR of around 4.7% during 2008–2015. Read full report here: http://www.imarcgroup.com/silica-sand-manufacturing-plant
According to IMARC group’s latest report “Silica Sand Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” the global silica sand production was worth 171 Million Tons with the market growing at a CAGR of around 4.7% during 2008–2015. Read full report here: http://www.imarcgroup.com/silica-sand-manufacturing-plant
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Imarc<br />
Report Description<br />
www.imarcgroup.com<br />
Report Description and Highlights<br />
Although, the demand <strong>of</strong> commercial silica products declined due to the global economic cr<strong>is</strong><strong>is</strong> in<br />
2009, the market however, recovered and once again picked up growth from the year 2010. The<br />
report has segmented the silica sand market on the bas<strong>is</strong> <strong>of</strong> five key end-use industries mainly<br />
glass, foundry, hydraulic fracturing, filtr<strong>at</strong>ion and abrasives. Glass currently represents the largest<br />
consumer <strong>of</strong> silica sand followed by foundry, hydraulic fracturing, filtr<strong>at</strong>ion and abrasives. Other<br />
applic<strong>at</strong>ions like recre<strong>at</strong>ional products, paints etc., account for the remainder <strong>of</strong> the global silica<br />
sand demand.<br />
The report has also segmented the market on the bas<strong>is</strong> <strong>of</strong> region. Country-w<strong>is</strong>e, the United St<strong>at</strong>es<br />
domin<strong>at</strong>es the global silica sand market in terms <strong>of</strong> production and thus most <strong>of</strong> the key players<br />
are concentr<strong>at</strong>ed in th<strong>is</strong> region. The United St<strong>at</strong>es <strong>is</strong> followed by Italy, Germany, Turkey and<br />
Australia. In terms <strong>of</strong> consumption, however, the Asia-Pacific region represented the biggest<br />
consumer <strong>of</strong> silica sand followed by North America and Western Europe. Looking forward, high<br />
growth r<strong>at</strong>es are expected in North America, L<strong>at</strong>in America and Western Europe due to increasing<br />
hydraulic fracturing activities in these regions. On the other hand, growth r<strong>at</strong>es in emerging<br />
markets like India and China are likely to increase mainly due to a r<strong>is</strong>ing demand <strong>of</strong> silica sand in<br />
the foundry and construction industries.
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