Latin America Silica Sand Market Size, Share, Growth, Report and Forecast 2024-2032
Latin America Silica Sand Market Outlook
According to a new report by Expert Market Research titled, “Latin America Silica Sand Market Size, Share, Analysis, Report and Forecast 2024-2032″, is projected to grow at a CAGR of 2.3% between 2024 and 2032. Aided by the escalating demand for silica sand in various industries, particularly in glass manufacturing and hydraulic fracturing, the market is expected to grow significantly by 2032.
Silica sand, a form of quartz, is a critical material used in a wide range of industries, including construction, glass manufacturing, foundry, hydraulic fracturing, filtration, and abrasives. Known for its chemical inertness, hardness, and high melting point, silica sand is extensively utilised in the production of glass products such as flat glass, container glass, and speciality glass. Its characteristics make it an indispensable component in various industrial processes.
The increasing demand for glass in construction and automotive industries is a key factor driving the Latin America silica sand market growth. As urbanisation progresses in Latin America, the surge in construction activities and the burgeoning automotive industry have led to a heightened demand for high-quality glass, subsequently increasing the need for silica sand. Moreover, the rise of energy-efficient and aesthetic glass applications in buildings has further propelled the market expansion.
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The expanding application of silica sand in hydraulic fracturing is another significant factor contributing to the Latin America silica sand market expansion. Hydraulic fracturing, or fracking, is a method employed in the oil and gas industry to extract natural gas and oil from deep rock formations. Silica sand, due to its strength and resistance to crushing, is used as a proppant in fracking operations, facilitating the extraction process.
Additionally, the rise in infrastructural developments in Latin America has resulted in increased consumption of cement, driving the demand for silica sand, a raw material in the production of Portland cement. The regional governments’ focus on infrastructural development, including transportation, housing, and public utilities, has significantly boosted the construction sector, further promoting the Latin America silica sand market demand.
The use of silica sand in water filtration processes is yet another driving factor for the market. With the growing need for clean and treated water due to population growth and increased industrial activities, the demand for silica sand in water filtration systems is on the rise.
Moreover, the increasing use of silica sand in the foundry industry for casting metals is anticipated to stimulate market growth. The foundry industry in Latin America has seen substantial growth due to the expanding automotive and other heavy industries, which require cast metal components.
Finally, the increasing popularity of sports and recreational activities, such as beach volleyball and golf, which require sand bunkers and arenas, is also contributing to the demand for silica sand, thus augmenting the Latin America silica sand market expansion.
Latin America Silica Sand Market Segmentation
The market can be divided based on application and country.
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Market Breakup by Application
- Glass Industry
- Hydraulic Fracturing
- Chemical Production
Market Breakup by Country
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Latin America silica sand companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- ArrMaz Products, Inc.
- Badger Mining Corporation
- JFE MINERAL Co., LTD.
- SCR-Sibelco N.V.
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