Asia Pacific Silica Sand Market Analysis

Asia Pacific Silica Sand Market Overview

Asia Pacific Silica Sand Market Size was valued at USD 6.1 Billion in 2022. The silica sand industry is projected to grow from USD 6.55 Billion in 2023 to USD 11.695 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2023 - 2032). The primary market drivers of industry revenue growth are the increasing usage of silica in glass manufacturing, the increased production of metal castings in foundries using it, and the growing prevalence of synthetic sport courts.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

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  Rapid expansion in oil and gas sector to boost market growth

  
  

The term "frac sand" is used to describe silica sand in the oil business. Here, silica hardness is crucial. It can combat corrosive surroundings due to its chemical purity. Its granular deposit increases the amount of formation cuts and helps to increase the oil flow rate when injected down deep wells. Silica sand, sometimes referred to as "frac sand," gets its name from its application in hydraulic fracturing, or "fracking," a completion technique used by the oil & gas industry to extract oil, natural gas, and gas liquids from unconventional, low permeability formations like shale. Additionally, the process of hydraulically fracturing shale to extract natural gas, oil, & natural gas liquids from the rock's pores requires silica sand. By 2025, there will be a 5.7 mb/d (million barrels per day) increase in the world's oil demand, with China and India contributing roughly half of this expansion. The capacity of the world's oil output is predicted to increase by 5.9 mb/d concurrently. As OPEC adds additional 1.4 mb/d of capacity for producing crude and natural gas liquids, non-OPEC (Organization of the Petroleum Exporting Countries) supply is expected to rise by 4.5 mb/d, signaling higher demand for the researched market in the oil and gas industry. Because of the aforementioned factors, the oil and gas sector is therefore anticipated to hold a dominant position in the market, which is anticipated to raise silica sand demand throughout the course of the projected period.

The need for silica sand is being supported by the growing use of industrial sand. Furthermore, there is an increasing need for silica sand as a filtration medium due to the continuous growth and modernization of water treatment facilities. Its efficacy in eliminating pollutants and impurities from water sources is essential to guaranteeing the supply of safe and clean drinking water. Furthermore, because silica sand is necessary to improve the safety and appearance of automobiles, the automotive industry is depending more and more on it to make high-quality glass. Demand for silica sand is being aided by continuous improvements in automotive manufacturing processes as well as growing consumer preference for cars with cutting-edge safety features. Thus, driving the silica sand market revenue.

Sibelco introduced a new line of high-purity silica sands in 2024 with an emphasis on industrial operations and glass manufacture for the Asia-Pacific market. These goods are made to satisfy the growing need across a range of industries for premium silica.

Queensland Pacific Metals (QPC) launched a new range of high-quality silica sand in 2024 as a result of its Australian operations. This silica sand offers improved purity and performance and is targeted towards the semiconductor and high-tech industries.

Silica Sand Market Segment Insights

Silica Sand Grade Insights

The Asia Pacific Silica Sand market segmentation, based on grade, includes Glass, Foundry, and Chemical. The glass category generated the most income due to its importance as a component in the creation of glass. The strength, color, and clarity of the resulting glass are determined by the chemical purity of the material utilized. Additionally, this commodity is utilized to make glass in order to reap its benefits, including tempering. Because it is lighter than alternatives, it can also be utilized to manufacture flat glass for automotive and architectural purposes. This allows for greater payloads, faster speeds, less fuel waste, and longer operating hours for cars.

Figure 1: Asia Pacific Silica Sand Market, by Grade, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Silica Sand Process Insights

The Asia Pacific Silica Sand market segmentation, based on process includes Wet and Dry. The wet category led the market in 2022. Because of its high silica concentration (SiO2), wet silica sand is used as a premium sand source for the glass industry. The glass industry, golf courses, and construction are the main industries that employ wet silica sand. Wet silica sand with certain particle sizes and composition qualities is a great choice for destination markets due to the building industry's ongoing demand.

Silica Sand End-User Industry Insights

The Asia Pacific Silica Sand market segmentation, based on end-user industry includes Glass Manufacturing, Foundry, Chemical Production, Construction, Paints and Coatings, Ceramics and Refractories, Filtration, Oil and Gas Recovery, and Other End User Industries (Food Processing, Industrial Abrasives and Sports Fields). The construction category led the market in 2022. Because it is the primary ingredient in many building materials—cement, roof shingles, asphalt mixes, mortar, and other flooring compounds—the market is mainly driven by its growing use in the production of mortar and concrete. Because of its characteristics, it enhances durability.

Silica Sand Regional Insights

Over the course of the projection period, the Asia Pacific area is anticipated to have a consistent revenue CAGR. This is because the government has been investing more money in the construction of infrastructure in this area. driven by the need for the product to have better structural integrity and endurance for the production of flooring, cement mixes, and asphalt cement mixtures due to the growing populations in countries like China and India. Additionally, adding this substance to cement mixtures enhances the weather ability, sealants, anti-corrosion, and durability of caulks, and epoxy-based compounds. Furthermore, during the course of the forecast period, this product will increase demand for the commodity in this region because it enhances the quality of concrete and mortar.  In addition, a rise in product demand is anticipated as a result of the government's increased investment in the region's infrastructure development.

Figure 2: ASIA PACIFIC SILICA SAND MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Silica Sand Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the silica sand market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, silica sand industry must offer cost-effective items.

Key Companies in the silica sand market include

• Chongqing Changjiang River Moulding Material Group Co. Ltd (CCRMM)


• Hebei Shenghuo New Material Technology Co., Ltd.


• JFE Mineral & Alloy Company Ltd


• Mangal Minerals


• Mitsubishi Corporation


• PUM Group


• Petrazehra Berhad


• Sibelco


• TOCHU CORPORATION


• Toyoura Keiseki Kogyo Co., Ltd


• VRX Silica Ltd

Silica Sand Market Segmentation

Silica Sand Grade Outlook

• Glass


• Foundry


• Chemical

Silica Sand Process Outlook

• Wet


• Dry

Silica Sand End-User Industry Outlook

• Glass Manufacturing


• Foundry


• Chemical Production


• Construction


• Paints and Coatings


• Ceramics and Refractories


• Filtration


• Oil and Gas Recovery


• Other End User Industries (Food Processing, Industrial Abrasives and Sports Fields)

Silica Sand Regional Outlook

• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Indonesia
  
  
  • Thailand
  
  
  • Vietnam
  
  
  • Malaysia
  
  
  • Singapore
  
  
  • Rest of Asia-Pacific