The silica sand for glass-making market is expected to record a CAGR of 4.1% between 2023 and 2033. The market is expected to be valued at US$ 5.7 billion in 2023. By 2033, the estimation is projected to cross US$ 8.5 billion. 

The surging construction sector is expected to increase the demand for silica sand for glass making. Rapid urbanization and different sectors looking to expand their footprints are a few of the factors which have surged the market growth.  

In a bid to focus more on sustainability, the green building market is expected to grow at a robust 13.6%. By 2032, the valuation of the green building market is expected to cross US$ 650 billion, which represents a massive opportunity for the silica sand market.  

Luxury hotels are also on an expansion spree. Based on the survey conducted by FMI, the luxury hotel market was valued at US$ 95,113 million in 2022. This market is expected to record a CAGR of 5.3% during the forecast period. This would certainly mean an increase in construction activities, which is expected to support the silica sand market growth. 

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Competitive Landscape 

The key players operating in the market are expected to make investments in mergers and acquisitions. There are also moves pertaining to strategic partnerships. For this, the manufacturers are entering into collaborations with players from various niches.

The key players are also investing in the research and development aspect of the business. This is being done by enhancing the capabilities of silica sand using other elements. There are also moves being made to increase manpower. 

Silica Sand for Glass Making Market Segmentation

By Application:

• Flat Glass
• Fiber Glass
• Glass Container (Colored, Colorless)
• Special & Technical
• Tableware Glass
• Others

By Purity:

• High Purity
• Ultra-high Purity

By End Use:

• Food & Beverage Packaging
• Industrial
• Pharmaceutical
• Scientific Instrument & Analytical Research
• Construction
• Automotive
• Cookware & Utensils

Thus, by the insights provided by FMI researchers, it can be inferred that, ‘increase in the growth of construction sectors, adoption of green alternatives, expansion of automobile market, and various other factors are expected to surge the market growth.’