PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1603842
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1603842
According to Stratistics MRC, the Global Glass Grade Silica Sand Market is accounted for $6166.36 million in 2024 and is expected to reach $8747.11 million by 2030 growing at a CAGR of 6.0% during the forecast period. High-purity silica sand with a particular particle size and chemical composition is known as "glass-grade silica sand," and it is mostly utilized in the manufacturing of flat glass, container glass, and specialized glass goods. The expansion of the automotive and construction sectors, the growing use of glass in solar and electronic applications, and the demand for long-lasting, high-quality glass goods are the main factors driving its demand. The need for glass-grade silica sand is also fuelled by technological developments in the glass industry and infrastructure construction.
According to the International Energy Agency, global oil consumption is expected to reach 104.1 million barrels per day by 2026. This would be a 4.4 mb/d increase over current levels. Furthermore, the International Energy Agency projects that global oil demand will increase by 1.9 mb/d in 2023 to a record 101.7 mb/d, nearly half of the increase from China when its Covid limitations were lifted.
Increasing demand from construction & automotive industries
The growing demand for glass products, including architectural glass and glass facades, in the building industry is a key driver of market expansion. The desire for premium silica sand is further driven by the car industry's reliance on glass for sunroofs, side windows, and windshields. The demand for glass goods is anticipated to increase due to the continued acceleration of infrastructure development and urbanization worldwide, which will propel the market for glass grade silica sand.
High transportation costs
Long-distance shipment is frequently necessary in areas with high-quality deposits to satisfy demand in manufacturing hubs since silica sand is not consistently accessible around the world. The total cost of the product may be greatly increased by these transportation expenses, particularly for producers who are positioned distant from extraction locations. Moreover, silica sand is frequently shipped in bulk, which raises the cost of logistics. Because of this, suppliers and glass manufacturers could observe their price competitiveness and margin flexibility diminished by high transportation costs, especially in areas with limited local resources.
Advancements in glass manufacturing technologies
Technology developments in the glass industry are having a big impact on the glass grade silica sand market because they are raising demand for silica sand of higher quality. Silica sand with certain characteristics, such high purity and uniform particle size, is necessary for innovations like automated and precise glass production, energy-efficient glass, and the creation of thin, robust, and lightweight glass. Furthermore, the increasing usage of solar glass for photovoltaic panels and smart glass for electronics necessitates silica sand that satisfies stringent requirements. While companies look for cutting-edge materials for improved performance and sustainability, these technological advancements fuel the need for specialty silica sand and propel market expansion.
Fluctuations in demand from end-use industries
Variations in end-use industry demand, especially from the construction and automotive sectors, might affect the market for glass grade silica sand. The demand for glass products might fluctuate as a result of changes in government policy, customer preferences, and economic downturns. For example, the demand for construction glass may decline during economic downturns as construction activity slow down. The demand for automotive glass may also be impacted by modifications in automotive trends, such as a move toward electric automobiles. These elements may cause changes in demand and pricing in the market for glass grade silica sand.
Covid-19 Impact
The COVID-19 pandemic had a major effect on the market for glass grade silica sand, upsetting supply and demand. Lockdowns caused an abrupt decrease in operations in sectors including construction and automotive, which are big users of glass goods, which decreased the need for silica sand. There were also limitations on mining and processing activities, which led to delays and shortages. Manufacturers suffered income drops and operational difficulties as a result, but the market has started to rebound as restrictions loosen and demand from the glass and construction industries picks back up.
The flat glass segment is expected to be the largest during the forecast period
The flat glass segment is estimated to be the largest. Flat glass is commonly used in the automotive sector for windows and windshields as well as in building for windows, facades, and interior purposes. The need for flat glass is growing as a result of global urbanization, infrastructural expansion, and the requirement for energy-efficient buildings. Furthermore, the market is expanding due to trends like the use of solar glass and smart windows, which increase demand for premium silica sand.
The construction & real estate segment is expected to have the highest CAGR during the forecast period
The construction & real estate segment is anticipated to witness the highest CAGR during the forecast period. Glass is an essential building element that is used for windows, doors, facades, and interior design. High-quality glass goods, which depend on glass grade silica sand, are projected to continue to be in high demand as urbanization and modernization continue to change cities and landscapes. Additionally, the market for specialty glass goods like low-emissivity glass and solar control glass is being driven by the movement toward sustainable and energy-efficient buildings. The demand for glass grade silica sand in the real estate and construction industries is being further increased by the increased focus on energy conservation and green building methods.
Asia Pacific is expected to have the largest market share during the forecast period. High-quality glass is in high demand in the electronics, automotive, and construction industries in nations like China, India, and Japan. Additionally, the need for specialized silica sand is being driven by the expanding market for renewable energy, specifically solar glass for photovoltaic panels. The Asia-Pacific market is growing as a result of the region's growing manufacturing capabilities as well as the increase in residential and commercial construction projects.
Europe is projected to witness the highest CAGR over the forecast period, owing to the strong demand for premium glass in the packaging, automotive, and construction sectors. The region's emphasis on green technology and energy-efficient buildings has increased the use of smart windows and solar glass, both of which call for premium silica sand. The development of glass-grade silica sand is further aided by Europe's robust manufacturing sector and strict quality and sustainability standards, particularly in nations like Germany, France, and Italy.
Key players in the market
Some of the key players profiled in the Glass Grade Silica Sand Market include SCR-Sibelco, U.S. Silica, Sandvik AB, Sibelco Group, Saint-Gobain, Quarzwerke GmbH, Jiangsu Pacific Quartz Co., Ltd., Bergama Mining, CDE Global, Maya Group, Triton Minerals Ltd., Imerys, Minsil, Tata Steel Limited, Knouz Engineering Company, and Kaiser-Glass.
In May 2022, Jiangsu Pacific Quartz, a leading producer in China, expanded its silica sand supply to meet the growing demand for solar glass used in photovoltaic panels. The expansion aimed to provide high-quality glass-grade silica sand to support the renewable energy market.
In June 2021, Imerys expanded its production capabilities by launching a new glass-grade silica sand production line in Europe. This facility aimed to meet the increasing demand from the automotive and construction sectors, providing high-purity sand for high-performance glass applications.
In March 2020, U.S. Silica announced the expansion of its silica sand processing capacity for glass production at its Ottawa, Illinois facility. This move was designed to increase supply and meet the growing demand for high-purity silica sand used in glass manufacturing.