NEWARK, DE /ACCESSWIRE/August 10, 2022/ According to Future Market Insights (IMF), the European silica sand market for glassmaking is expected to reach a valuation of US$1.06 billion by 2022. Market growth is supported by a growing preference for solutions sustainable packaging coupled with a growing demand for glass bottles. in the food and beverage industry.
The European silica sand market for glassmaking is strongly influenced by the demand for glass from the food industry. So, the main manufacturers pack alcoholic beverages 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 compared to metal or plastic.
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Based on these factors, the European silica sand for glassmaking market is expected to register a CAGR of 4.6% over the forecast period 2022-2032.
Key takeaways from the silica sand market for the study of glass manufacturing
By purity type, sales of high purity are expected to grow at a CAGR of 4.7% with an absolute dollar opportunity of US$536.6 million during the forecast period.
The demand for silica sand for glass applications is expected to increase at a significant rate during the forecast period.
Germany is estimated to create an absolute dollar opportunity worth US$305.8 million by the end of the forecast period.
In terms of application, the glass containers segment is expected to hold a 49.9% share of the total European silica sand market for glassmaking.
“Growing 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. The trend towards sustainable packaging and green building techniques creates an enabling environment for manufacturers“says an IMF analyst
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The silica sand market for glassmaking is heading for consolidation
The silica sand market for glassmaking is heavily influenced and dominated by a handful of players with extensive R&D capabilities. Leading manufacturers in the European silica sand market for glassmaking are Imerys Refractory Minerals, Sibelco Group, Mitsubishi Corporation, Tarmac Central Ltd and TERMIT dd. These players are focusing on joint ventures, partnerships, and collaborations to leverage their product expertise and improve market dominance.
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The research report analyzes the trend of market demand for Silica Sand. The global market is based on the impact of COVID-19, macroeconomic factors, market trends and market context. According to Future Market Insights research scope, the Silica Sand market report is studied and analyzed into the following segments such as by Purity, Application, End User and Regions. The Silica Sand Market report gives us qualitative and quantitative insights about the businesses.
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Silica Sand for Glass Making Market Outlook 2014-2021 vs Forecast 2022-2029
Global sales of silica sand for glassmaking grew at a CAGR of 4.4% over the period 2014-2021. The demand for glass has increased substantially over the historical assessment period of 2014-2021. Remarkable growth in end-use industries such as construction, food and beverage, packaging, automotive and others have been the main factors supporting sales of glass and eventually silica sand during of recent years.
However, the growth pattern is expected to be driven by end-use industries over the forecast period. Considering this factor, Future Market Insights forecasts the global silica sand for glassmaking market to expand at a CAGR of 4.6% over the next assessment period of 2022-2029.
Key segments covered by the silica sand industry analysis
Silica Sand Market by Purity:
Ultra high purity
Silica Sand Market by Application:
Special & Technical
Silica Sand Market by End Use:
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1.1. European 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 / Limits
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. USP/Product Features
4.3. Strategic promotional strategies
5. Europe Silica Sand Market Demand Analysis 2017-2021 and Forecast, 2022-2032
The table of contents continues..!
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