High Demand for Silica

Silica Sand in High Demand and Going Higher

Fracking sand, silica sand, industrial sand. By any name, one of the world’s most common and useful types of sand is in high demand and the silica sand sector is experiencing continuing rapid growth.

The global silica sand market, worth 7.4 billion US dollars in 2018, has an impressive track record with a CAGR (Compound Annual Growth Rate) of about 7.6% in the period 2011 to 2018 according to the Global Silica Sand Market Report 2019 at PR Newswire.

And the silica sand boom is just underway. Increased production in several key industries is driving silica sand market projections up to $10.5 billion by 2024 with another 6% CAGR for each year in the forecast period.