PUNE, MAHARASTRA, INDIA, April 3, 2020 /EINPresswire.com/ —
WiseGuyReports.Com Publish a New Market Research Report On –“ Silica Sand Market By Manufacturers,Types,Regions And Applications Research Report Forecast To 2024”.
Nowadays, the increasing application of silica sand in the foundry industry is expected to be another major factor driving the global market growth. Industrial sand has a high melting point of 1610°C, which aids in casting metal and aluminum alloys with melting points of 1510°C and 650°C, respectively. In addition to high thermal resistance, silica sand can withstand the pressure of the molten metal without yielding and further exhibits high bond strength and high refractoriness. A large amount of silica sand is widely used in the iron and steel industries to make cores and molds for metal castings. Moreover, it plays a crucial role in the foundry industry as the main mold and core-making material for both ferrous and non-ferrous castings. Furthermore, its low rate of thermal expansion helps in producing stable cores and molds compatible with all the poring temperatures and metal alloy systems. The Global Silica Sand Market is projected to register a healthy CAGR of 6.75% to reach USD 21,657.4 Million by 2024.
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Silica is the term given to the group of minerals that are composed of silicon and oxygen. Silica sand is a granular material that contains quartz and a small amount of clay, coal, and other minerals. Silica sand is quartz that over time, through the work of wind and water, is broken down into tiny granules of sand. It finds application in glassmaking, construction, water treatment, metal casting, and foundry, among others. Moreover, it is largely used as a raw material in the manufacturing of glass and other applications due to its properties such as chemical inertness, high melting point, and hardness. It is also known as quartz sand or industrial sand and is a term denoted to high-purity silica sand products with closely controlled sizing.
Listed Key Players Included Are:
The projected onlookers in the Global Silica Sand Market are companies like U.S. Silica (US), Fairmount Santrol (US), Sibelco (Belgium), Toyota Tsusho Corporation (Japan), IMOSA (Spain), Emerge Energy Services (US), Badger Mining Corporation (Germany), Cairo Fresh for Minerals & Quarries Materials (Egypt), Tochu Corporation (Japan), Euroquarz GmbH (Germany), and American Elements (US), Quarzwerke GmbH, Chongqing Changjiang River Moulding Material (Group) Co., Ltd, Mitsubishi Corporation and PUM Group .
The growth rate forecast for the Silica Sand market is reflective of optimistic development in the coming years. While the global economic scenario will have an effect on the global economy, the data collected in recent years indicate a positive trend in this regard. The report on the global Silica Sand market offers a brief overview of the overall market with definitions of products and services. The research also looks at production and management technologies. The market research conducted an in-depth analysis of certain recent and important developments. This study also covers the manufacturer's data for the 2020-2024 analysis period.
Business patterns based on the possible effect on the future of the Silica Sand market have been analyzed as part of market research. The effect of risks, constraints, and opportunities on the global Silica Sand market has been analyzed. Demand and supply dynamics are also analyzed using effective economic methodologies. In addition, the effect of government policies and regulations on the market has also been analyzed in this study.
The study includes segment data documenting the different market sizes of the main components, both in terms of volume and value. A regional study of various industries was also performed to research the output of regional markets. This section includes the regions of Latin America, Europe, Asia Pacific, South and Central America, Latin America, the Middle East, and Africa. The major market segments have been demarcated based on product types and applications.
Comprehensive research methodologies have been used to analyze the global Silica Sand market. Using both primary and secondary sources, the study provides a statistical analysis of the sector. Porter's Five Force Model and SWOT analysis reports included in the study make it easier for readers to make decisions on the Silica Sand market. The analysis offers a business forecast to take a global view of the rising demand and supply of the product or service.
Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Market Insights
4 Research Methodology
5 Market Dynamics
6 Market Factor Analysis
7 Global Silica Sand Market, by Mesh Size
8 Global Silica Sand Market, by Grade
9 Global Silica Sand Market, by Process
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Source: EIN Presswire