Silica Sand for Glass Making Market Size, Share, Demand, Growth & Trends by 2029
The global silica sand market for glass making is highly influenced by demand for glass from the food & beverage industry, as a majority of manufacturers pack alcoholic drinks in glass bottles or containers. The key factor behind this is the fact that, glass packaging preserves the original taste and quality of the drink inside as compared to metal or plastic. Expanding at a CAGR of 4.6% the global sales of silica sand for glass making is expected to increase from a valuation of US$ 5,154.8 Mn in 2021 to US$ 7,411.7 Mn by the end of 2029.
Extraordinary growth in demand for glass especially
due to remarkable growth in construction industry is expected to propel the
demand for silica sand for glass making over the forecast period. Considering
this, FMI has forecasted the global silica sand for glass making market to
reach a valuation of US$ 7,411.7 Mn in 2029.
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Key Takeaways of Silica Sand Market for
Glass Making Study
- The
demand for silica sand for glass applications is anticipated to increase
at a significant rate, on account of increasing per-capita consumption and
purchasing power, and growing awareness of the importance of hygiene in
the packaging of food products.
- An
increase in glass making activities in developing countries is anticipated
to have a positive impact on the growth of the silica sand market for
glass making.
- East
Asia holds a prominent share in the global silica sand market for glass
making, attributable to the increasing application of glass in various
end-use industries in this region.
- Increasing
consumption of glass for packaging food products and photovoltaic cells in
solar energy is anticipated to propel growth of the silica sand market for
glass making. Moreover, glass has extensive applications in construction,
automotive, pharmaceuticals, and scientific instruments & analytical
research, along with cookware & utensils.
- Glass
manufacturing companies strive to introduce new and innovative production
technologies to cater to the rising global demand for glass. This is
anticipated to offer substantial opportunities to players in the silica
sand market for glass making.
“Increasing demand for glass from several end-use
industries is expected to create significant growth and expansion opportunities
for silica sand suppliers/ manufacturers, as well as contribute to the overall
growth of the global silica sand market for glass making.”
Increasing Preference for Glass Containers
to Propel Market Growth
The enhanced visual appeal of products packaged in
glass containers along with the transparent nature of glass enables
manufacturers to showcase the premium quality of their products. Glass is a
versatile material in container manufacturing, and containers can be made from
this material in a wide range of colours, shapes, and sizes.
Moreover, manufacturers in the food & beverage
industry prefer the use of glass containers, and, as such, the food and
beverage segment accounts for a substantial share in terms of volume as
compared to other applications in the global silica sand market for glass
making. This segment accounted for more than one-third share of the global
silica sand market for glass making in 2020.
These factors are anticipated to have a positive impact
on the growth of the global silica sand market for glass making over the coming
years.
Silica Sand Market for Glass Making Moving
towards Consolidation
The silica sand market for glass making is
significantly driven and dominated by a handful of players with extensive
R&D capabilities. Tier-I manufacturers in the global silica sand market for
glass making are U.S. Silica, Imerys Refactory Materials, Sibelco, Fairmount
Santrols, Badger Mining, and JLD Minerals. These players are focusing on joint
ventures, partnerships, and collaborations to build on their product expertise
and enhance market dominance.
Silica Sand for Glass Making Market by
Category
By Application :
- Flat
Glass
- Fiber
Glass
- Glass
Container
- Colored
- Colorless
- Special
& Technical
- Tableware
Glass
- Others
By End Use :
- Food
& Beverage Packaging
- Industrial
- Pharmaceutical
- Scientific
Instrument & Analytical Research
- Construction
- Automotive
- Cookware
& Utensils
By Purity :
- High
Purity
- Ultra-High
Purity
By Region :
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- MEA
- Oceania
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Development Trends
3.2. Key Trend Impacting Market Growth
4. Key Success Factors
TOC continued…!
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