Silica Sand Market
Silica Sand Market size is forecast to reach US$24.5 billion by 2026, after growing at a CAGR of 5% during 2021-2026. The Silica Sand market is influenced by rising demand from glass manufacturing industry. Silica sand provides the essential silicon dioxide required for glass formulation; hence it is the primary component in all types of standards and specialty glass. According to the Department for Environment Food & Rural Affairs, in U.K the GVA of the food sector increased 4.4% in 2018, following a 4.3% increase in 2017. Longer term, the food sector increased by 41.6% between 2008 and 2018 while the whole economy increased by 41%. In addition, in Germany, Policy makers upped targets in late 2019, pledging to have 10 million EVs on the roads by 2030 to reach its climate targets. Such initiatives and investments are driving the demand for the glass thereby contributing to the market growth rate. COVID-19 Impacts COVID-19 has negatively impacted the Silic...