Silica Sand for Glass Making Market - Dominance of the Leading Companies Over the Global Industry
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.
On the back of
this important factor, the global silica sand market for glass making is
projected to register a CAGR of 4.6% over the forecast period of 2022-2029.
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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 2018.
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 Market for Glass Making Taxonomy
By Application
- Flat
Glass
- Fiber
Glass
- Glass
Containers
- Special
& Technical
- Tableware
Glass
- Others
By Purity
- High
Purity
- Ultra
High Purity
By Region
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
East & Africa (MEA)
Want to
Know More?
Future Market
Insights has published a market research report on the silica sand market for
glass making, which contains global industry analysis of 2014–2021 and
opportunity assessment for 2022–2029. This report provides an unbiased analysis
of the silica sand market for glass making through four different segments -
purity, application, end use, and region. The silica sand market for glass
making report also provides demand trends of different types across industry
verticals, a comprehensive list of service providers in the market, various
projects around the world, and a detailed overview of the parent market.
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