Increase in the Robotics Facilities to Surge the Valuation of Silica Sand for Glass Making Market beyond US$ 8.5 billion by 2033: FMI Underscores Key Aspects

NEWARK, Del:  

The silica sand for glass making market is expected to record a CAGR of 4.1% between 2023 and 2033. The market is expected to be valued at US$ 5.7 billion in 2023. By 2033, the estimation is projected to cross US$ 8.5 billion.

Surging construction sector is expected to increase the demand for silica sand for glass making. Rapid urbanization and different sectors looking to expand their footprints are few of the factors which have surged the market growth.

In a bid to focus more on sustainability, the green building market is expected to grow at a robust 13.6%. By 2032, the valuation of the green building market is expected to cross US$ 650 billion, which represents massive opportunity for the silica sand market.

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The luxury hotels are also on an expansion spree. Based on the survey conducted by FMI, the luxury hotel market was valued at US$ 95,113 million in 2022. This market is expected to record a CAGR of 5.3% during the forecast period. This would certainly mean increase in the construction activities, which is expected to support the silica sand market growth.

With ecosystem and sustainability being the talk of the town, there is a lot of emphasis being laid on the development of hybrid vehicles. The global hybrid vehicles market is expected to grow at 22% during the forecast period. Key players operating in this market are looking to expand their plants worldwide, which might support market growth of silica sand.

However, the market is facing challenges pertaining to supply chain management. This has led to increase in price of the silica sand, and in many places, there is a scarcity of the product.

Thus, by the insights provided by FMI researchers, it can be inferred that, ‘increase in the growth of construction sectors, adoption of green alternatives, expansion of automobile market, and various other factors are expected to surge the market growth.’

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Key Takeaways:

• The silica sand for glass makingmarket is anticipated to register a CAGR of 4.1% during the forecast period.
• The market is projected to be valued at US$ 5.7 billion in 2023.
• By 2033, the market is expected to cross a valuation of US$ 8.5 billion.
• Based on the regional analysis, Asia Pacific is expected to hold the dominant market share.
• The United States market is expected to advance at 4.7%.
• The United Kingdom market is projected to grow at 3.8%.
• China market is anticipated to record a CAGR of 5.1%.
• Japan market is expected to grow at 4.7%.
• South Korea silica sand for glass makingmarket is projected to advance at 4.6%.
• Based on the application, the glass container segment is expected to hold the dominant share, and might advance at 4.1%.
• Based on the purity, the high purity segment is projected to be the leading segment, and is expected to grow at 4.3%.
• Based on the end use, the construction segment is expected to be the leading segment.

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Competitive Landscape

The key players operating in the market are expected to make investments on mergers and acquisitions. There are also moves pertaining to strategic partnerships. For this, the manufacturers are entering into collaborations with players from various niches. The key players are also investing on research and development aspect of the business. This is being done by enhancing the capabilities of silica sand using other elements. There are also moves being made to increase the manpower.

Key Segments Profiled in the silica sand for glass making market

By Application:

• Flat Glass
• Fiber Glass
• Glass Container (Colored, Colorless)
• Special & Technical
• Tableware Glass
• Others

By Purity:

• High Purity
• Ultra-high Purity

By End Use:

• Food & Beverage Packaging
• Industrial
• Pharmaceutical
• Scientific Instrument & Analytical Research
• Construction
• Automotive
• Cookware & Utensils

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa

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Table of Content

1. Executive Summary | Silica Sand for Glass Making Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

Old Source: Global Silica Sand for Glass Making Market is Expected to Increase a Valuation of US$ 7,411.7 Mn By The End of 2029- Future Market Insights, Inc.

Explore FMI’s Extensive Coverage On Chemicals & Materials Domain:

Europe Silica Sand for Glass Making Market Demand : The market for silica sand for glass making in Europe was valued at US$ 1.0 billion in 2021, and it is expected to grow at a CAGR of 4.6% during the forecast period 2022-2032.

Polymeric Sand Market Share : In 2022, the global polymeric sand market is expected to be worth approximately US$ 109.95 billion. With the increasing use of polymeric sand in a variety of applications, the overall market is expected to grow at a 7.0% CAGR between 2022 and 2028, surpassing US$ 165.36 billion by 2028.

Polyimide Fibers Market Growth : In 2021, the global polyimide fibres market is expected to grow by 4% year on year. Demand will rise at a 4.9% annual rate through 2031, driven by steady growth in construction, power and utilities, and other industries.

Polyisocyanurate Insulation Market Analysis : Polyisocyanurate Insulation market to grow 6.3% year on year in 2022, reaching a value of around US$ 13,295.5 Mn by the end of 2022.

Electrical Insulation Materials Market Size : The electrical insulation materials market is expected to grow at a 6.4% CAGR between 2021 and 2031. In 2021, the market value is expected to exceed $9.42 billion USD. As of 2020.

About Future Market Insights, Inc.:

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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