Industrial sand refers to various sand materials used in industrial production, including quartz sand, refined quartz sand, industrial silicon, etc.
Overview of Market Development
According to our research data, the revenue of the US industrial sand market is expected to reach $8.66 billion in 2024, an increase of 9.97% compared to 2023. In the coming years, with the further acceleration of urbanization, the demand for industrial sand in fields such as construction and glass will further increase, and the market is expected to continue to steadily grow. By 2029, the revenue of the US industrial sand market is expected to increase to $14.35 billion.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the US industrial sand market is relatively high. The data shows that in 2023, the revenue of the industrial sand market of the top 3 enterprises was $4.15 billion, with a total revenue share of 52.63%. The top three companies were US Silica, Hi Rush LP, and Covia Holding. In 2023, these three companies accounted for 24.07%, 15.53%, and 13.03% of the industrial sand market revenue in the US market, respectively.
US Industrial Sand Market Revenue Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, industrial sand can usually be divided into types such as <40 mesh, 40-70 mesh, and >70 mesh based on its particle size. Among them, 40-70 mesh industrial sand occupies a dominant market position. The data shows that the estimated consumption of industrial sand with a mesh size of 40-70 in the US in 2024 is 64.93 million tons, accounting for an estimated 53.59% of the total consumption.
From the perspective of downstream applications, industrial sand has a wide range of applications in various fields such as glass manufacturing, metal casting, oil and gas, ceramics and refractory materials, metallurgy, construction, chemical industry, plastics, rubber, abrasives, etc. Among them, the oil & gas sector is the largest downstream application market. Data shows that the estimated consumption of industrial sand in the oil and gas sector in 2024 is 58.65 million tons, accounting for 48.40% of the total consumption in the US.
US Industrial Sand Consumption and Proportion by Type and Application Forecast in 2024
|
|
Consumption (Million Tons)
|
Proportion
|
|
Segmented by Type
|
|
<40 Mesh
|
39.63
|
32.71%
|
|
40-70 Mesh
|
64.93
|
53.59%
|
|
>70 Mesh
|
16.60
|
13.70%
|
|
Segmented by Application
|
|
Glass Manufacturing
|
24.25
|
20.01%
|
|
Metal Casting
|
12.47
|
10.29%
|
|
Oil and Gas
|
58.65
|
48.40%
|
|
Chemical Production
|
3.71
|
3.06%
|
|
Construction
|
3.18
|
5.10%
|
|
Others
|
15.92
|
13.14%
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Industrial Sand Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
Chinese