This market research study presents a detailed segmentation of the global silica minerals mining market by end use (glass, hydraulic fracturing, foundry, construction, sports and leisure, chemicals, and others) and by geography (the Americas, APAC, Europe, and ROW). The leading vendors in this market are Badger Mining, Fairmount Santrol, Preferred Sands, Quarzwerke, Sibelco, and U.S. Silica.
Technavio’s market research analysts estimate the global silica minerals mining market to grow at a CAGR of around 5% between 2016 and 2020. Owing to the resurrection of the global gas industry, the silica minerals mining industry has been experiencing a high demand for sand. Silica sand is used in the oil industry for the hydraulic fracturing process as it helps in the extraction of gasses. With the growing demand for silica from oil companies, the growth prospects for this market will witness a stark increase until the end of the predicted period. APAC dominates the silica minerals market, owing to rapid construction and infrastructure projects in countries like India and China.
The new market research report from Technavio provides a breakdown and analysis of the silica segments by technology.
“The market demand for silica minerals is very high due to an increase in horizontal well drilling by oil companies. Service companies like Schlumberger are always refining fracking techniques and technologies so that they can maximize hydrocarbon recovery from every well. One of the most used techniques is horizontal drilling, which requires more stages in the fracking process. This means that more proppant has to be used at each stage, resulting in a higher need for silica sand. This market trend favors the growth of the silica minerals mining market during the forecast period,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research
The glass segment dominates the global silica minerals mining market and is expected to use close to 74 million metric tons of silica minerals by the end of the forecast period. Much of this growth can be attributed to the rise in demand for silica sand from industries such as construction, solar panels, specialty glass, and automotive. Furthermore, with the growth of the beer and wine industry in China, the demand for glass-based packaging materials will increase significantly over the next few years.
The key vendors in the global silica minerals mining market are Badger Mining, Fairmount Santrol, Preferred Sands, Quarzwerke, Sibelco, and U.S. Silica. The market is a very competitive one. Until recently, there were just a few major vendors but with the entry of new players, the market share of larger vendors is decreasing. Some factors that pose significant risks to vendors are intense competition, regulatory changes like limiting the use of silica sand in certain products, and the ban on hydraulic fracturing practices in countries like France.
A more detailed analysis is available in the Technavio report, Global Silica Minerals Mining Market 2016-2020.
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