Washed Silica Sand Market Strategies, Top Players, Growth Opportunities, Analysis and Forecast by 2031

The Washed Silica Sand Market size is projected to reach US$ 26.88 million by 2031 from US$ 17.78 million in 2023. The market is expected to register a CAGR of 5.3% in 2023–2031. The rise in construction activities is likely to remain a key Washed Silica Sand Market trend.

Washed Silica Sand Market Analysis

Government of India initiatives such as Housing for All, Smart Cities Mission, and Swachh Bharat Abhiyan are projected to boost the demand for building materials in India. Along with this, an increase in residential construction activities in India is leading to increased growth for the washed silica sand market.

Washed Silica Sand Market Overview

The term 'washed sand' refers to the process of removing clay, silt, and dust from sand before it is allowed to drain. The impurities are classified according to the size of their granules such as coarse, medium, fine, and ultra-fine. The washed silica sand market has witnessed significant growth owing to factors such as growth in building & construction, glass making, and foundry industry.

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Washed Silica Sand Market: Strategic Insights

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Washed Silica Sand Market Drivers and Opportunities

Rise in Construction Activities

Washed silica sand is majorly used in construction material for concrete production, mortar production, brick manufacturing, road construction, landscaping and paving, and sports fields and golf courses. The construction industry in various countries across the globe is rapidly growing. Rise in government investments and increase in demand for residential constructions are propelling the growth of the construction industry which in turn is boosting the washed silica sand market. Further, European countries are creating and strengthening their infrastructure by enacting reforms and legislation, which drives the growth of the real estate and infrastructure industries. According to the European Construction Industry Federation, the volume of permits for new buildings (excluding civil engineering) in Germany was US$ 130 billion in 2021, 8% more than in 2021. In North America, the construction industry is one of the significant contributors to the region's economy. According to the Associated General Contractors of America (AGC), the US construction industry constructs structures worth US$ 1.8 trillion each year. The rise in construction activities due to the increasing population and rapidly growing commercial sector across the region are driving the washed silica sand market.

Growing Demand from Middle East

In the Middle East, the Saudi Vision 2031 plan is driving the growth in construction activities in the residential segments. According to Amarok in India, the sales of housing units increased in seven cities by 29%, and new launches by 51%. Along with this, the increasing investment in residential construction is instigating the growth of residential construction, leading to an increase in demand for washed silica sand. According to Statistics Canada, an agency of the Government of Canada, in 2021, the investment in residential construction was up by 28.4% to US$162.0 billion as compared to non-residential construction, having a fall in investment by 0.9%. According to the analysis by Insight Partners, the residential construction spending in the US is higher, boosting residential construction activities, in turn leading to growth for the washed silica sand market. Thus, the growing building and construction industry, along with an increased application of washed silica sand in the residential construction sector, is driving the growth of washed silica sand across the world. The rising preference and utilization of washed silica sand, owing to their advantages, such as low cost, is contributing to the growth of the washed silica sand market.

Washed Silica Sand Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Washed Silica Sand Market analysis are application.

• By application, the market is segmented into glass manufacturing, foundry, chemical production, construction, paints and coatings, and others. The construction segment held the largest share of the market in 2023.

Washed Silica Sand Market Share Analysis by Geography

The geographic scope of the Washed Silica Sand Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.

Asia Pacific has dominated the Washed Silica Sand Market. The washed silica sand market in Asia Pacific has witnessed major growth in recent years, owing to the well-established construction and automotive sectors. Countries in the region are witnessing a growth in urbanization an increase in the construction sectors, which offer ample opportunities for key market players in the washed silica sand market. China is one of the largest markets for washed silica sand, driven by the country's large construction and foundry set-up. Machinery and equipment (M&E) industry is one of the catalytic subsectors to spur the economic development in Asia. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.

Washed Silica Sand Market Regional Insights

The regional trends and factors influencing the Washed Silica Sand Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Washed Silica Sand Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Washed Silica Sand Market Report Scope

Washed Silica Sand Market Players Density: Understanding Its Impact on Business Dynamics

The Washed Silica Sand Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Washed Silica Sand Market are:

1. Chongqing Changjiang River Moulding Material (Group) Co., Ltd
2. Covia Holdings LLC
3. Quarzwerke GmbH
4. Mitsubishi Corporation
5. SIBELCO
6. Badger Mining Corporation

Disclaimer: The companies listed above are not ranked in any particular order.

Washed Silica Sand Market News and Recent Developments

The Washed Silica Sand Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

• In Jun 2022, SIBELCO, announced to invest US$ 33.83 Mn in Diatreme Resources Limited, an emerging Australian developer of mineral and silica mines based in Brisbane, Australia. (Source: Sibelco, Company News, 2023)

Washed Silica Sand Market Report Coverage and Deliverables

The “Washed Silica Sand Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles