QYResearch: The Silica sand industry is projected to reach USD 13,656.63 million USD by 2022

Silica sand is granular material that contains quartz and minute amounts of coal, clay and other minerals. It is also known as quartz sand and industrial sand, and is largely used in several construction applications. The presence of silica sand on metal materials can be a source of crevice corrosion on those metals. Silica sand is mechanically and chemically purified quartz sand, from which various products are created through hydro classification or thermal treatment.

According to QYResearch, Silica sand is a huge market, and the Silica sand industry was 10,636.82 million USD in 2016 and is projected to reach USD 13,656.63 million USD by 2022, at a CAGR of 4.25% between 2016 and 2022. Moreover, this industry continuously increases, with the development of US economy.

SCR-Sibelco, US Silica Holdings, Emerge Energy Services are the market leader and they occupied about 24% of the whole market. The residential portable petrol market is consolidated in nature. Various players are adopting competitive strategies such as collaborations, acquisitions and capitalizing untapped opportunities in the emerging economies of India and United States, to sustain and gain market penetrartion across the globe. Some key players of this market include Fairmount Santrol, Badger Mining Corporation, Hi-Crush Partners, Saint Gobain, Mitsubishi Corporation, Toyota Tsusho, Pioneer Natural Resources, Tochu, Euroquarz GmbH and so on.

The whole market is growing fast due to the development of frac sand. The product is mainly used in hydraulic fracturing, glassmaking and foundry industry.

Price in US and EU is much higher than that of China and other developing countries due to their high quality. Developing countries such as China and India is more likely to attract more investment opportunity for their potential demand. In addition, due to the decrease of the oil price, the downstream demand increase much slower than before and it led to the decrease of the price.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the market for silica sand is highly fragmented and intensely competitive .The study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field. 

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