US Glassmaking Silica Sand Market Outlook
The US glassmaking silica sand market size was valued at USD 1.16 Billion in 2022 and is projected to reach USD 1.51 Billion by 2031, expanding at a CAGR of 3.0% during the forecast period, 2023-2031. The demand for high-grade silica sand for glassmaking is growing as the use of glass products for multiple applications is on the rise.
Moreover, the use of glass in different industries such as the automotive, construction, and food and beverages industry is fueling the demand for glass products which in turn is driving the US glassmaking silica sand market.
Growing acceptance of glass packaging due to growing environmental concerns and high investments in solar infrastructures are expected to create lucrative opportunities for the US glassmaking silica sand market in the future.
US Glassmaking Silica Sand Market Dynamics
Glass is a luxurious, decorative, and functional material that is used in various industries. This highly versatile material is used in various applications ranging from construction to advanced aeronautics. Silica sand (SiO2) is an essential raw material used for manufacturing glass. This is increasing the demand for glass, which is expected to significantly fuel the growth of the US glassmaking silica sand market during the forecast period.
Moreover, rising awareness about the various properties of glass such as rust resistance, weather resistance, and a good conductor of electricity is increasing its demand, thereby spurring market growth.
Silica is the main constituent of the lithosphere and its various industrial applications make it a vital material. Conversely, its rapid extraction damages the environment. Silica mining causes sinkholes, land erosion, and loss of biodiversity. The chemicals used in mining result in the contamination of the soil, water bodies, and groundwater.
Environmental activists and local government bodies are enforcing strict rules and raising awareness about the ill effects of silica mining. This, in turn, is hampering the glassmaking silica sand market.
Glass is widely used in the construction of solar panels. The photovoltaic materials utilized in solar panels are supported by layers of glass. Solar panels are adopted by around two-thirds of corporate offices since 2015 in the US. The Government of the US is taking an active part in promoting renewable energy sources. Increasing preference for solar energy has increased its share in the US electrical generation from just 0.1% in 2010 to over 3% in 2020.
Rising solar energy generation is projected to increase the demand for solar panels in the US. This, in turn, is expected to propel the demand for glass-making silica sand to produce glass for solar panels by creating opportunities in the market.
US Glassmaking Silica Sand Market Segment Insights
Purity Segment Analysis
In terms of purity, the US glassmaking silica sand market is bifurcated into high purity and ultra-high purity. The high-purity segment accounts for a significant share of the market and is anticipated to expand at a considerable CAGR during the forecast period.
The high-purity segment is projected to fuel the market growth by registering substantial CAGR during the forecast period due to its highly efficient outcomes and sustainable results in several applications.
Types Segment Analysis
On the basis of types, the US glassmaking silica sand market is segmented into less than 40 mesh, 40-70 mesh, and more than 70 mesh. The less than 40 mesh segment accounts for a significant share of the market and is anticipated to expand at a considerable CAGR during the forecast period. The 40-70 mesh segment is expected to hold a significant share of the market owing to its increasing demand in various end-user industries such as food & beverages and construction.
Applications Segment Analysis
In terms of applications, the US glassmaking silica sand market is classified as flat plates and windows, containers, fiberglass, display/glass, and others. The containers segment accounts for a significant share of the market and is anticipated to expand at a considerable CAGR during the forecast period.
The container segment is expected to remain a key application of the market. On the other hand, the flat plates and windows segment is expected to fuel the market owing to the gradual rise in the demand for silica sand from this segment.
End-users Segment Analysis
Based on end-users, the US glassmaking silica sand market is fragmented into food & beverages, industrial, pharmaceutical, scientific instrument & analytical research, construction, automotive, cookware & utensils, and others. The food & beverages segment accounts for a significant share of the market and is anticipated to expand at a considerable CAGR during the forecast period.
Consumption of silica sand for glass making is increasing in the food & beverage sector due to the rise in the preference for transparency and hygienic packaging of products. Food & beverage is projected to be an attractive market segment during the forecast period.
Sub-region Wise Analysis
Based on sub-regions, the US glassmaking silica sand market is categorized as West, Midwest, Northeast, Southeast, and Southwest. The market in the Midwest held a significant share of the market in 2019 and is anticipated to expand at a significant CAGR during the forecast period. Silica sand glass is regarded as safe status as per the FDA guidelines, which creates opportunities for key market players in the country.
The US glass product manufacturing industry is expanding rapidly due to the high demand for glass from the construction and automotive industries. This, in turn, is expected to boost the demand for glassmaking silica sand in the country during the forecast period.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the US Glassmaking Silica Sand Market.
- Historical, Current, and Projected Market Size in Terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on US Glassmaking Silica Sand Market Performance
- High Purity
- Ultra-high Purity
- Less than 40 mesh
- 40-70 mesh
- More than 70 mesh
- Flat Plates and Windows
- Food & Beverages
- Scientific Instrument & Analytical Research, Construction
- Cookware & Utensils
Key Market Players Profiled in the Report
- U.S. Silica
- Tochu Corporation
- Emerge Energy Services
- Badger Mining Corporation
- Hi-Crush Inc.
- Preferred Sands, Inc
- Euroquarz GmbH
- Minerali Industriali S.r.l
- Aggregate Industries
- Quarzwerke GmbH
- WOLFF & MÜLLER
- Source Energy Services
- Liberty Materials Inc
- signal peak silica
- Eagle Materials, Inc.
Key players in the market include Covia, U.S. Silica, Tochu Corporation, Emerge Energy Services, Imerys, Badger Mining Corporation, Hi-Crush Inc., Preferred Sands, Inc, Euroquarz GmbH, Sibelco, Minerali Industriali S.r.l, Aggregate Industries, Quarzwerke Group, WOLFF & MÜLLER, Source Energy Services, Liberty Materials, Inc, signal peak silica, Eagle Materials, Inc.
These players are considered as key manufacturers of the market based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to increase their demand for US glassmaking silica sand.