PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504969
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1504969
The global glass grade silica sand market size is expected to reach USD 8,272.60 million by 2032, according to a new study by Polaris Market Research. The report "Glass Grade Silica Sand Market Share, Size, Trends, Industry Analysis Report, By Fe Content (<100ppm, 100ppm to 1000ppm); By Applications; By End-Use; By Region; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The glass-grade silica sand market is witnessing growth owing to the development of new glass products with specialized properties, such as low-iron glass and anti-reflective glass, which require even higher purity levels of silica sand, further boosting the demand for this material. The rise of renewable energy sources, particularly solar power, is another key driver of the glass grade silica sand market. Solar panels require high-quality glass components, which are made using glass grade silica sand. As governments worldwide promote the adoption of clean energy solutions, the demand for solar panels is expected to increase significantly, leading to higher consumption of glass grade silica sand.
The increasing demand for high-quality display panels, particularly those based on OLED technology, has led to a surge in the demand for glass grade silica sand, a critical raw material used in the production of display glass. The concentration of display panel manufacturing in China has further contributed to the growth of the glass grade silica sand market, with the country producing over 50% of the world's smartphones, tablets, smart TVs, and other related products. As a result, the glass grade silica sand market has benefited from the expansion of the display industry, with heightened demand for high-purity silica sand that can meet the strict requirements of display glass manufacturing.
Furthermore, the construction industry is also a significant consumer of glass grade silica sand. The trend towards green building practices and sustainable construction materials is accelerating the demand for glass grade silica sand. However, the glass grade silica sand market is facing challenges such as supply chain disruptions, environmental concerns, and competition from alternative materials. Despite these challenges, the market outlook for the glass grade silica sand market remains positive, with increasing demand from the glass industry.
The 100ppm to 1000ppm segment dominated and is projected to grow with the fastest CAGR in the market, driven by its advantages over lower-grade or higher-impurity sand.
The glass containers segment dominated the market owing to technological advancements in glass manufacturing techniques and lightweight yet durable containers.
The flat glass segment is expected to grow at the fastest growth rate owing to its extensive applications in architectural glazing, windows, doors, automotive, etc.
The industrial segment dominated the market and is expected to grow at a healthy CAGR over the forecast period owing to its use across various industrial sectors, such as the construction industry.
North America led the industry and accounted for a majority of market revenue share owing to the flourishing glass industry, particularly driven by the automotive and construction sectors.
The global key market players include Covia Holdings LLC, HRD Group of Companies, Quarzwerke GmbH, Radhey Shyam Group, SiO Silica, Inc., Strobel Quarzsand GmbH, etc.
Polaris Market Research has segmented the Glass Grade Silica Sand market report based on Fe content, applications, end-use, and region: