Asia Pacific Silica Sand Market Share

Rapid expansion in oil and gas sector to boost market growth

The term "frac sand" is used to describe silica sand in the oil business. Here, silica hardness is crucial. It can combat corrosive surroundings due to its chemical purity. Its granular deposit increases the amount of formation cuts and helps to increase the oil flow rate when injected down deep wells. Silica sand, sometimes referred to as "frac sand," gets its name from its application in hydraulic fracturing, or "fracking," a completion technique used by the oil & gas industry to extract oil, natural gas, and gas liquids from unconventional, low permeability formations like shale.

Additionally, the process of hydraulically fracturing shale to extract natural gas, oil, & natural gas liquids from the rock's pores requires silica sand. By 2025, there will be a 5.7 mb/d (million barrels per day) increase in the world's oil demand, with China and India contributing roughly half of this expansion. The capacity of the world's oil output is predicted to increase by 5.9 mb/d concurrently.

As OPEC adds additional 1.4 mb/d of capacity for producing crude and natural gas liquids, non-OPEC (Organization of the Petroleum Exporting Countries) supply is expected to rise by 4.5 mb/d, signaling higher demand for the researched market in the oil and gas industry. Because of the aforementioned factors, the oil and gas sector is therefore anticipated to hold a dominant position in the market, which is anticipated to raise silica sand demand throughout the course of the projected period.

Demand for silica sand is being aided by continuous improvements in automotive manufacturing processes as well as growing consumer preference for cars with cutting-edge safety features. Thus, driving the silica sand market revenue.

Sibelco introduced a new line of high-purity silica sands in 2024 with an emphasis on industrial operations and glass manufacture for the Asia-Pacific market. These goods are made to satisfy the growing need across a range of industries for premium silica.

Queensland Pacific Metals (QPC) launched a new range of high-quality silica sand in 2024 as a result of its Australian operations. This silica sand offers improved purity and performance and is targeted towards the semiconductor and high-tech industries.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the silica sand market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, silica sand industry must offer cost-effective items.