Product Code: ETC084343 | Publication Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The industrial silica sand market import shipment in India demonstrated robust growth with a notable CAGR from 2020-2024. The growth rate between 2023 and 2024 remained high, indicating continued momentum. The market expanded significantly over the period, showing a strong upward trend in imports.
Industrial silica sand is a high-purity, quartz-rich rock that is used in industrial manufacturing processes. It has been extracted from many locations throughout India for decades and plays an important role in the India economy as it accounts for more than 50% of total production value of non-metallic minerals.
The demand for industrial silica sand is driven by several factors such as glass manufacturing, hydraulic fracturing operations (fracking) and foundry production. Glass manufacturers are among the largest consumers of Silica Sand since they require large volumes to produce their products like flat/tempered glass, float glass and solar panel cells. The surge in investments into oil & gas extraction projects due to increased energy consumption have also accelerated the demand for Industrial Silica Sand significantly across India. Foundries too require high amounts of this mineral due to its use as a flux agent which facilitates melting and forming process during casting operations.
The main challenges faced by the market include availability constraints due to limited reserves, environmental concerns over mining activities, stringent regulations imposed on illegal sand mining practices etc. Illegal quarrying continues to be a major issue hindering new developments within this sector despite various measures taken by government bodies across different regions within India. In addition, depletion of reserves coupled with improper maintenance policies towards existing resources can further aggravate supply deficits impacting price dynamics adversely going forward.
Some of the key players operating within the industrial silica sand market include URT Exports Private Limited, Select Sands Corp., Nirmal Group Of Companies , Trimex Sands Pvt Ltd., Asteria Technologies Private Limited , Giriraj Exports Private Limited amongst others
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Industrial Silica Sand Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Industrial Silica Sand Market Revenues & Volume, 2021 & 2031F |
3.3 India Industrial Silica Sand Market - Industry Life Cycle |
3.4 India Industrial Silica Sand Market - Porter's Five Forces |
3.5 India Industrial Silica Sand Market Revenues & Volume Share, By Classification, 2021 & 2031F |
3.6 India Industrial Silica Sand Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Industrial Silica Sand Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry in India, leading to increased demand for industrial silica sand in concrete production and infrastructure projects. |
4.2.2 Rapid urbanization and industrialization in India, driving the need for industrial silica sand in manufacturing processes. |
4.2.3 Government initiatives promoting the use of silica sand in industries like glass manufacturing, chemicals, and foundries. |
4.3 Market Restraints |
4.3.1 Environmental concerns related to silica sand mining and processing, leading to stricter regulations and challenges in obtaining permits. |
4.3.2 Fluctuating prices of silica sand due to supply chain disruptions and global market dynamics. |
4.3.3 Competition from substitute materials or alternative technologies that could potentially replace industrial silica sand in certain applications. |
5 India Industrial Silica Sand Market Trends |
6 India Industrial Silica Sand Market, By Types |
6.1 India Industrial Silica Sand Market, By Classification |
6.1.1 Overview and Analysis |
6.1.2 India Industrial Silica Sand Market Revenues & Volume, By Classification, 2021-2031F |
6.1.3 India Industrial Silica Sand Market Revenues & Volume, By Less Than 40 Mesh, 2021-2031F |
6.1.4 India Industrial Silica Sand Market Revenues & Volume, By 40-70 Mesh, 2021-2031F |
6.1.5 India Industrial Silica Sand Market Revenues & Volume, By More Than 70 Mesh, 2021-2031F |
6.2 India Industrial Silica Sand Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Industrial Silica Sand Market Revenues & Volume, By Hydraulic Fracturing, 2021-2031F |
6.2.3 India Industrial Silica Sand Market Revenues & Volume, By Glassmaking, 2021-2031F |
6.2.4 India Industrial Silica Sand Market Revenues & Volume, By Foundry, 2021-2031F |
6.2.5 India Industrial Silica Sand Market Revenues & Volume, By Ceramics and Refractories, 2021-2031F |
6.2.6 India Industrial Silica Sand Market Revenues & Volume, By Others, 2021-2031F |
7 India Industrial Silica Sand Market Import-Export Trade Statistics |
7.1 India Industrial Silica Sand Market Export to Major Countries |
7.2 India Industrial Silica Sand Market Imports from Major Countries |
8 India Industrial Silica Sand Market Key Performance Indicators |
8.1 Average selling price of industrial silica sand in the Indian market. |
8.2 Volume of industrial silica sand imports/exports in India. |
8.3 Capacity utilization rate of silica sand mines and processing facilities in India. |
8.4 Adoption rate of new technologies or processes for silica sand extraction and processing. |
8.5 Percentage of market share held by domestic vs. international silica sand suppliers in India. |
9 India Industrial Silica Sand Market - Opportunity Assessment |
9.1 India Industrial Silica Sand Market Opportunity Assessment, By Classification, 2021 & 2031F |
9.2 India Industrial Silica Sand Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Industrial Silica Sand Market - Competitive Landscape |
10.1 India Industrial Silica Sand Market Revenue Share, By Companies, 2024 |
10.2 India Industrial Silica Sand Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |