NEWARK, Del, June 27, 2022 (GLOBE NEWSWIRE) — The global silica sand market for glassmaking is heavily influenced by demand for glass from the food and beverage industry, as the majority of manufacturers package beverages alcoholic beverages in bottles or glass containers. The key factor behind this is the fact that glass packaging preserves the original taste and quality of the drink inside compared to metal or plastic.
Considering this important factor, the global silica sand for glassmaking market is expected to register a CAGR of 4.6% over the forecast period 2022-2029.
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Key takeaways from the silica sand market for the study of glassmaking
- The demand for silica sand for glass applications is expected to increase at a significant rate, due to rising consumption and purchasing power per capita, and growing awareness of the importance of hygiene in the packaging of food products.
- An increase in glass manufacturing activities in developing countries is expected to have a positive impact on the growth of the silica sand for glass manufacturing market.
- East Asia holds a major share of the global silica sand market for glassmaking, owing to the growing use of glass in various end-use industries in this region.
- Rising consumption of glass for food packaging and photovoltaic cells in solar energy is expected to propel the growth of silica sand market for glass manufacturing. Additionally, glass has many applications in construction, automotive, pharmaceuticals, scientific instruments and analytical research, as well as kitchenware and utensils.
- Glass manufacturing companies are striving to introduce new, innovative production technologies to meet the growing global demand for glass. This is expected to provide substantial opportunities for players in the silica sand for glassmaking market.
“The increasing demand for glass from several end-use industries is expected to create significant growth and expansion opportunities for silica sand suppliers/manufacturers, as well as contribute to the overall growth of the global silica sand market for glass making.”
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Increase preference for glass containers to propel market growth
The enhanced visual appeal of products packaged in glass containers along with the transparent nature of glass allows manufacturers to showcase the superior quality of their products. Glass is a versatile material in container making, and containers can be made from this material in a wide range of colors, shapes, and sizes. Additionally, manufacturers in the food and beverage industry prefer the use of glass containers and as such, the food and beverage segment accounts for a substantial share in terms of volume compared to other applications in the market. world of silica sand for the manufacture of glass. This segment accounted for more than a third of the global silica sand market for glassmaking in 2018.
These factors are expected to have a positive impact on the growth of the global silica sand for glassmaking market over the coming years.
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. The leading manufacturers in the global silica sand market for glass making are US Silica, Imerys Refactory Materials, Sibelco, Fairmount Santrols, Badger Mining and JLD Minerals. These players focus on joint ventures, partnerships, and collaborations to leverage their product expertise and strengthen their market dominance.
Taxonomy of Silica Sand for Glass Making Market
- flat glass
- Glass containers
- Special & Technical
- Tableware Glass
- High purity
- Ultra high purity
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa (MEA)
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Future Market Insights has published a market research report on the Silica Sand for Glass Manufacturing Market, which contains a global industry analysis from 2014-2021 and an opportunity assessment for 2022-2029. This report provides an unbiased analysis of the silica sand for glassmaking market across four different segments: purity, application, end-use, and region. The Silica Sand for Glass Making market report also provides demand trends of different types across industry verticals, comprehensive list of service providers in the market, various projects across the globe and a detailed overview of the parent market.
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Technology roadmap
1.5. Analysis and recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market definition
3. Key Market Trends
3.1. Development trends
3.2. Key trend impacting market growth
4. Key success factors
4.1. Strategic promotional strategies
Read the full table of contents @ https://www.futuremarketinsights.com/toc/rep-gb-11037
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