NEWARK, DE / ACCESSWIRE / August 10, 2022 / According to Future Market Insights (FMI), Europe silica sand for glass making market is expected to reach a valuation of US$ 1.06 Bn by 2022. Growth in the market is underpinned by growing preference for sustainable packaging solutions coupled with rising demand for glass bottles across food & beverage industry.
Europe silica sand market for glass making is highly influenced by the demand for glass from the food & beverage industry. Hence, leading manufacturers pack alcoholic drinks 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 as compared to metal or plastic.
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On the back of these factors, the Europe silica sand market for glass making is projected to register a CAGR of 4.6% over the forecast period of 2022-2032.
Key Takeaways of Silica Sand Market for Glass Making Study
By purity type, high purity sales are expected to grow at a CAGR of 4.7% with an absolute dollar opportunity of US$ 536.6 Mn during the forecast period.
The demand for silica sand for glass applications is anticipated to increase at a significant rate during the forecast period.
Germany is estimated to create an absolute dollar opportunity worth US$ 305.8 Mn by the end of the forecast period.
In terms of application, the glass container segment is anticipated to hold a 49.9% share of the total Europe silica sand market for glass making.
"Increasing 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. Trend of sustaible packaging and green construction techniques is creating conducive environment for the manufacturers," says an FMI analyst
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Silica Sand Market for Glass Making Moving towards Consolidation
The silica sand market for glass making is significantly driven and dominated by a handful of players with extensive R&D capabilities. Tier-I manufacturers in the Europe silica sand market for glass making areImerys Refractory Minerals, Sibelco Group, Mitsubishi Corporation, Tarmac Central Ltd, and TERMIT d.d. These players are focusing on joint ventures, partnerships, and collaborations to build on their product expertise and enhance market dominance.
Know More About the Silica Sand Market for Glass Making:
The research report analyses the market demand trend for silica sand. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights' research scope, the Silica Sand Market report is studied and analyzed in the following segments such as by purity, application, end-user, and regions. The Silica Sand Market report gives us qualitative and quantitative information about the companies.
3M Compa Imerys Refractory Minerals
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2014-2021 Silica Sand for Glass Making Market Outlook Compared to 2022-2029 Forecast
Global sales of silica sand for glass making has expanded at a CAGR of 4.4% over 2014-2021 period. Demand for glass has increased at substantial rated over the historical assessment period of 2014-2021. Remarkable growth in end-use industries such as construction, food and beverage, packaging, automotive and others were the key factors bolstering the sales of glass and eventually silica sand over past few years.
However, the growth pattern is expected to be carried by end-use industries over forecast period. Considering this factor, Future Market Insights is projecting the global silica sand for glass making market to expand at a CAGR of 4.6% over the upcoming assessment period of 2022-2029.
Key Segments Covered In Silica Sand Industry Analysis
Silica Sand Market by Purity:
Silica Sand Market by Application:
Silica Sand Market by End Use:
Scientific Instrument & Analytical Research
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3.1. Key Trends Impacting the Market
5. Europe Silica Sand Market for Glass Making Market Demand Analysis 2017-2021 and Forecast, 2022-2032
Have a Look at Chemicals & Materials Domain Related Research Reports:
Specialty Silica Market - The global specialty silica market is anticipated to expand at a CAGR of ~4.8% by during the forecast period of 2021-2031
Silica Sand for Glass Making Market Size : Expanding at a CAGR of 4.6% the global sales of silica sand for glass making is expected to increase from a valuation of US$ 5,154.8 Mn in 2021 to US$ 7,411.7 Mn by the end of 2029.
Asia Pacific Flexible Glass Market Trends : Asia Pacific flexible glass market is projected to reach US$612.7million by 2020 at an estimated CAGR of 36.5% during the forecast period.
Industrial Oil Market Growth : The global industrial oil market is estimated to be valued at around US$ 63,690.3 Mn in 2022, registering year-over-year (Y-o-Y) growth of 3.1%. Sales of industrial oil are projected to increase at a healthy CAGR of 3.6% and are expected to top a valuation of US$ 90,491.1 Mn by 2032.
Transformer Oil Market Outlook : The global transformer oil market to reach a value of US$ 4,021.7 Mn in 2022. Sales prospects of transformer oil are expected to witness a healthy growth at a CAGR of 8.0%, topping a valuation of US$ 8,703.2 Mn by 2032.
Advanced Ceramics Market Technology : Global advanced ceramics market demand is anticipated to be valued at US$ 62,341.6 Million in 2022, forecast to grow at a CAGR of 5.4%to be valued at US$ 105,483.4 Million from 2022 to 2032.
Automotive Oil Market Analysis : The global automotive oil market is expected to reach a valuation of US$ 52,287.8 Mn in 2022. The market is anticipated to exhibit a CAGR of 2.7% from 2022 to 2032 and is likely to be valued at US$ 68,279.6 Mn by 2032.
Specialty Oils Market Share : The global specialty oils market size was valued at US$ 121817.4 Mn in 2021 and is likely to touch a valuation of US$ 125,369.2 Mn by 2022.
Bioresorbable Polymers Market Demand : The overall demand for Bioresorbable Polymers is projected to grow at a CAGR of 13% between 2022 and 2032, totaling around US$ 5 Billion by 2032.
Carbon Fiber Composites Market Type : The market is likely to garner US$ 37.8 Billion in 2032, recording a CAGR of 6.5% from 2022-2032. As of 2022, the market is forecast to be valued at US$ 19.81 Billion in 2022.
Green Ammonia Market Forecast : The global green ammonia market size is estimated to reach US$ 48.2 Mn in 2023. the overall market is poised to expand at a stupendous CAGR of 71.7% between 2023 and 2032, totaling a valuation of US$ 6,271.1 Mn by 2032.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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