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2019 OVERVIEW OF RAW & MANUFACTURED MATERIALS: Silica

According to Grand View Research, the global specialty silica market is projected to reach $4.43 billion by 2022. The market is expected to be driven by growth in the automotive and paints and coatings industries, as well as the growing application of precipitated silica in the food industry.

Increasing demand from the paints and coatings sector in emerging economies is expected to help the fumed silica market see a 7.6% CAGR from 2018-2023, reports Mordor Intelligence. The Asia-Pacific region is projected to have the largest market for fumed silica during the timeframe, primarily due to growth in the region’s construction and medical sectors.

The global silica flour market, which was estimated at $267.8 million in the Asia-Pacific region alone in 2017, will grow at a healthy CAGR of 6% from 2018-2026, according to Transparency Market Research. Leading end-use industries for silica flour around the world include fiber glass and oil and gas production. Asia-Pacific’s dominance of the market is expected to continue, led by China.

U.S. production of industrial sand and gravel increased by over 35% to 105 Mt valued at around $3.5 billion in 2017, primarily due to increasing demand from the oil and gas sector. Apparent consumption reached 100 Mt, a 33% increase. Uses included: hydraulic fracturing sand, well packing and cementing sand, 63%; glassmaking sand, 10%; other whole-grain silica, 10%; foundry sand, 6%; whole-grain fillers and building products, 3%; ground silica and recreational sand, 2% (each); ground and unground sand for chemicals, 1%; and other uses, 3%.

While domestic imports for consumption grew by a strong 10.3% to 310,000 t in 2017, exports skyrocketed 87.1% to 5.2 Mt. Based on global production figures, the U.S. remains the world’s leading producer and consumer of industrial sand and gravel.