Rising hydraulic fracturing activities, particularly in North America, Latin America and Western Europe, are expected to drive the demand of silica sand in the next five years, according to research from IMARC Group. The company’s latest report “Silica Sand Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue” indicates that global silica sand production was 171 million tons with the market growing at a CAGR of around 4.7% during 2008–2015.
The report segments the silica sand market into end-use industries, mainly glass, foundry, hydraulic fracturing, filtration and abrasives. Other applications like recreational products and paint account for the remainder of the global silica sand demand. The U.S. reportedly dominates the global silica sand market in terms of production, followed by Italy, Germany, Turkey and Australia, and most of the key players are concentrated in this region. In terms of consumption, the Asia-Pacific region represents the biggest consumer of silica sand followed by North America and Western Europe. High growth rates are expected in North America, Latin America and Western Europe due to increasing hydraulic fracturing activities in these regions. Growth rates in emerging markets like India and China are also likely to increase due to a rising demand of silica sand in the foundry and construction industries.
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