This is part of a report from Goldstein, it gives an insight to...

This is part of a report from Goldstein, it gives an insight to how big this Silica business is going to get.

China Silica Industry Outlook 2017-2025
Market Overview

With the advancement of technology, silica has been now used for many typical applications such as aerospace, military and precision automotive parts and in China which is one of the fastest growing economies the silica demand becomes more vital. Demand for silica is increasing in China with supply becoming more constrained. As a result, China has acknowledged silica sand as a strategic mineral; constrained exports and have become a net importer. China produces about 80,000 metric tons of Industrial Sand And Gravel (Silica) annually. The China foundry industries average consumption for 2016 was 14,400 tons which represent 18% of China’s silica production and imports. Further uses of silica sand in China comprise whole grain silica for building products, glasses, ceramic, bricks, tile, etc. which accounts for 31.4% of the total silica production in China.

Goldstein Research analyst forecast China Silica Industry is anticipated to garner USD 6.4 billion by 2025. Further, the China silica industry is expected to expand at a CAGR of 9.1% during the forecast period i.e. 2017-2025. With the explosion in industrial, construction and automotive sectors the China silica market is likely to boom over the forecast period.

China Silica Industry Segmentation
By Applications

• Glass Products (Float Glass, Fiberglass etc.)
• Fracturing Sand
• Foundry Sand
• Fillers and Building Products
• Whole Grain Silica
• Chemical Applications
• Others (Sports and Leisure etc.)

Based on the applications, glass manufacturer and oil industries are the dominating silica applications. Together, they consumed about 52% of the total silica production. With approximately 70% of each glass batch being silica sand, float glass and glass container manufacturers are countable for the most use of silica sand.

By Silica End-Use Industry

• Oil and Gas
• Building and Construction
• Manufacturing Industry
• Chemical Industry
• Agriculture Sector
• Pharmaceutical and Cosmetic Industry
• Others (Defense Materials, Aerospace, and Marine, etc.)