The demand for industrial silica sand has grown with its growing application in construction, hydraulic fracturing or fracking, and glass making. The key properties of industrial silicon sand include resistance to corrosion and heat, high strength, and low weight. Because of these properties, governments across the globe are offering substantial subsidies to increase the production of fiberglass. Some of the other beneficial features of industrial silica are consistent particle size and shape, high purity, chemical inertness, and easy compatibility that have created new growth opportunities for this market. Rapid growth in the use of industrial silica in the steel foundries has further augmented the demand in the industrial silica sand market. In addition, rising development in the foundry sector is expected to stoke up the demand for industrial silica sand in coming years.
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What strategies used by key players operating in global industrial silica sand market?
As there are multiple players operating the global industrial silica sand market, the market seems fragmented. The competition in this market is also expected to increase the forthcoming years as players wants to get a firm hold in the market. Players those who manufacture silica flour from silica sand have a better hold in the market as compared to those who use different ways to produce it. Moreover, large number of players in the market opts for forward integration to manufacture silica flour, which incases their growth prospects.
Players in the market are also engaged in maintain cost as it highly impacts the demand for industrial silica. They also try to maintain transportation cost as well with the aim to maintain its demand in the global market. According to the report, some of the key players operating the global industrial silica sand market are Silica International Silica Industries, FINETON Industrial Minerals Limited, Premier Silica LLC, U.S. SILICA, Al-Rushaid Group, and Delmon Group of Companies.
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