Report Code: A15595 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Industrial Silica Market
Request Now !Silica sand, also known as industrial sand, is one of the most widely used types of sand on the planet. Industrial silica sand has been mined for thousands of years and was first used for metallurgical and glass-making purposes between 3000-5000 BC. Silica sand is now used for a wide range of applications, including road paving, glass production, foundries and coal-fired boilers, oil and water filtration, industrial casting, and sandblasting. Apart from that, it is used in the hydraulic fracturing process, where the demand for silica sand has skyrocketed in recent years. This can be attributed to silica sand's advantageous properties, such as strength, high silica content, and heat and chemical reaction resistance. Glass, foundries, construction, ceramics, and the chemical industry are among the industries that use it the most. Silica sand is used in water filtration and agriculture, and silica sand is used as a functional filler for paints, plastics, and rubber. Chemicals like sodium silicate, silicon tetrachloride, and silicone gel all contain industrial sand.
COVID-19 Impact analysis
The disease has spread to nearly 100 countries around the world since the COVID-19 virus outbreak in December 2019, prompting the World Health Organization to declare it a public health emergency. The global effects of the coronavirus disease 2019 (COVID-19) are already being felt, and the industrial silica market will be significantly impacted in 2020. COVID-19 has the potential to have three major effects on the global economy: directly affecting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Flight cancellations, travel bans, and quarantines; restaurants closed; all indoor events restricted; over forty countries declared states of emergency; massive supply chain slowdown; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about the future have all been impacted by the COVID-19 outbreak.
Top Impacting Factors
Due to increased demand from the chemical industry, the industrial silica market has seen significant growth. Furthermore, the recovering construction sector, combined with the growing automotive industry, presents a huge market opportunity for the key players in the industrial silica market. However, during the forecast period, research and development activities are expected to stifle the overall growth of the industrial silica market.
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Questions Answered in the Industrial Silica Market Report
Industrial Silica Market Report Highlights
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Key Market Players | FINETON Industries Minerals, SAMIN, Short Mountain Silica, Saudi Emirates Pulverization Industries, Sibelco, AGSCO Corporation, Sisecam, Quarzwerke Group, International Silica Industries, Minerali Industriali, Aggregate Industries, Wolf & Muller |
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