Asia Pacific Low-Grade Silica Sand Market Share, Growth 2023-2028
Asia Pacific Low-Grade Silica Sand Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Asia Pacific Low-Grade Silica Sand Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the Asia Pacific low-grade silica sand market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The Asia Pacific low-grade silica sand market size reached 51.5 Million Metric Tons in 2022. Looking forward, IMARC Group expects the market to reach 62.6 Million Metric Tons by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.
Low-Grade Silica Sand is a granular material characterized by its less pure form of silicon dioxide, often mixed with various other minerals and substances. It has a coarse texture which depends on the mineral composition and processing. It is more abundantly available compared to the higher-grade variant and is found in shades of brown, white, or grey. It is an affordable raw material, making it a key ingredient in various industrial applications. It is also sourced locally, minimizing transportation impacts. It is widely utilized in water filtration systems and serves aesthetic purposes in landscaping and gardening. Furthermore, as it is needed to improve soil drainage and aeration in the agriculture sector, the demand for low-grade silica sand is rising in the Asia Pacific.
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Asia Pacific Low-Grade Silica Sand Market Trends and Drivers:
At present, the increasing demand for low-grade silica sand for the production of glass, ceramics, and various other industrial products intervention represents one of the crucial factors impelling the market growth in the Asia Pacific. Besides this, the rising construction of various commercial and residential infrastructures, along with the renovation of old buildings, is positively influencing the growth of the market. In addition, the growing utilization of low-grade silica sand as a proppant in hydraulic fracturing, as it helps to keep the fractured pathways open, enabling oil and gas to flow more easily, is offering a favorable market outlook in the region. Apart from this, the increasing advancements in the extraction and refinement of low-grade silica sand are bolstering the growth of the market in the Asia Pacific.
Asia Pacific Low-Grade Silica Sand Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Hisagoya Co. Ltd., JFE MINERAL & Alloy Co. LTD., Mangal Minerals, PUM Group, Raghav Productivity Enhancers Limited, Rock Energy International, Tochu Corporation and Toyoura Keiseki Kogyo Co. Ltd.
The report segmented the market on the basis of region, grade and end use.
Breakup by Grade:
- Below 200 ppm Fe
- 201-400 ppm Fe
- 401-600 ppm Fe
- Above 600 ppm Fe
Breakup by End Use:
- Foundry
- Glass
- Hydraulic Fracturing
- Filtration
- Chemicals
- Others
Breakup by Country:
- China
- India
- Malaysia
- South Korea
- Japan
- Others
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter's Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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