During the initial six months of 2023, the pricing trajectory of Silica Sand exhibited stability but was limited in its growth. The sector is significantly dependent on the demand from the construction industry, particularly in applications such as cement, concrete, glass, and coatings. The global impact of inflation, a recession in Germany, and the collapse of US banks had a constraining effect on construction activities, leading to a dampening of market sentiments.
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Definition
Silica Sand is a granular material composed of finely crushed and rounded grains of silicon dioxide (SiO2). It is primarily extracted from quarries and found in various geological formations. Due to its high silica content and uniform particle size, it is used in construction, glassmaking, manufacturing, and foundry industries for its diverse applications.
Key Details About the Silica Sand Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Silica Sand in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Silica Sand Price chart, including India Silica Sand price, USA Silica Sand price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Silica Sand Price Trend:
Silica Sand plays crucial roles across various industries. It serves as a foundational element in construction, being employed in the production of concrete, cement, and mortar due to its binding characteristics. With its remarkable heat resistance, it is indispensable in foundries for the casting of metals. Furthermore, it plays a vital role in glass manufacturing, water filtration, and the hydraulic fracturing processes in the oil and gas sector.
Key Players:
- Badger Mining Corp
- Quarzwerke Group
- AVIC Glass
- Lianxin Group
- Emerge Energy Services LP
- Toyota Tsusho
- Tokai Sand
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