Global Demand for Silica Sand to Grow 4.4% Annually to 2016: Reportbuyer.com

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Silica sand market to hit $8.5 billion by 2016 says new report

Report Buyer

According to World Industrial Silica Sand: Forecasts (2016 & 2021) for 18 countries global demand for silica sand is forecast to climb 4.4% annually to 2016 to 278 million metric tons, valued at $8.5 billion. Hydraulic fracturing (or fracking) is expected to be the fastest growing market, driven by a large increase in its use as a well stimulation technique, particularly in the US. The building products market will see the next fastest gains, bolstered principally by rising construction expenditures in the Asia/Pacific region. Consumption will be further stimulated by increases in world glass production and foundry output.

According to the 296 page report, demand for silica sand can be segmented into five major markets: glass, foundries, hydraulic fracturing, building products, and chemicals, as well as other smaller markets. Glass is the largest market, accounting for 37% of global silica sand consumption (in volume terms) in 2011. With 32% of overall sales, foundries represent the next largest market, followed by hydraulic fracturing, building products, and chemicals, with other applications (such as abrasives and recreation) accounting for the remainder of demand.

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