NEWARK, DE / ACCESSWIRE / August 10, 2022 / According to Future Market Insights (FMI), Europe silica sand for glass making market is expected to reach a valuation of US$ 1.06 Bn by 2022. Growth in the market is underpinned by growing preference for sustainable packaging solutions coupled with rising demand for glass bottles across food & beverage industry.
Europe silica sand market for glass making is highly influenced by the demand for glass from the food & beverage industry. Hence, leading manufacturers pack alcoholic drinks in glass bottles or containers. Another key factor contributing to the growth is that glass packaging preserves the original taste or quality of the drink inside as compared to metal or plastic.
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On the back of these factors, the Europe silica sand market for glass making is projected to register a CAGR of 4.6% over the forecast period of 2022-2032.
Key Takeaways of Silica Sand Market for Glass Making Study
- By purity type, high purity sales are expected to grow at a CAGR of 4.7% with an absolute dollar opportunity of US$ 536.6 Mn during the forecast period.
- The demand for silica sand for glass applications is anticipated to increase at a significant rate during the forecast period.
- Germany is estimated to create an absolute dollar opportunity worth US$ 305.8 Mn by the end of the forecast period.
- In terms of application, the glass container segment is anticipated to hold a 49.9% share of the total Europe silica sand market for glass making.
- Coloured
- Colorless
"Increasing demand for glass from several industries such as food & beverage, packaging, and others is expected to create significant growth opportunities for silica sand suppliers/ manufacturers. Trend of sustaible packaging and green construction techniques is creating conducive environment for the manufacturers," says an FMI analyst
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Silica Sand Market for Glass Making Moving towards Consolidation
The silica sand market for glass making is significantly driven and dominated by a handful of players with extensive R&D capabilities. Tier-I manufacturers in the Europe silica sand market for glass making areImerys Refractory Minerals, Sibelco Group, Mitsubishi Corporation, Tarmac Central Ltd, and TERMIT d.d. These players are focusing on joint ventures, partnerships, and collaborations to build on their product expertise and enhance market dominance.
Know More About the Silica Sand Market for Glass Making:
The research report analyses the market demand trend for silica sand. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights' research scope, the Silica Sand Market report is studied and analyzed in the following segments such as by purity, application, end-user, and regions. The Silica Sand Market report gives us qualitative and quantitative information about the companies.
Key Players:
- 3M Compa Imerys Refractory Minerals
- Mitsubishi Corporation
- Sibelco Group
- Tarmac Central Ltd
- Euroquarz GmbH
- VENETA MINERARIA
- TERMIT d.d.
- Bathgate Silica Sand Limited
- Qsand SA Group
- SAMIN
- CAOBAR, S. A.
- Quartz Werke GmbH
- Euroquarz GmbH
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2014-2021 Silica Sand for Glass Making Market Outlook Compared to 2022-2029 Forecast
Global sales of silica sand for glass making has expanded at a CAGR of 4.4% over 2014-2021 period. Demand for glass has increased at substantial rated over the historical assessment period of 2014-2021. Remarkable growth in end-use industries such as construction, food and beverage, packaging, automotive and others were the key factors bolstering the sales of glass and eventually silica sand over past few years.
However, the growth pattern is expected to be carried by end-use industries over forecast period. Considering this factor, Future Market Insights is projecting the global silica sand for glass making market to expand at a CAGR of 4.6% over the upcoming assessment period of 2022-2029.
Key Segments Covered In Silica Sand Industry Analysis
Silica Sand Market by Purity:
- High Purity
- Ultra High Purity
Silica Sand Market by Application:
- Flat Glass
- Fiber Glass
- Glass Container
- Special & Technical
- Tableware Glass
- Others
Silica Sand Market by End Use:
- Food & Beverage Packaging
- Industrial
- Pharmaceutical
- Scientific Instrument & Analytical Research
- Construction
- Automotive
- Cookware & Utensils
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Table of Content
1. Executive Summary
1.1. Europe Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Purity Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
5. Europe Silica Sand Market for Glass Making Market Demand Analysis 2017-2021 and Forecast, 2022-2032
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SOURCE: Future Market Insights