The global silica minerals mining market to grow at a CAGR of 5.09% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global silica minerals mining market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top seven vendors operating in the market. The report also includes a discussion of the key vendors operating in this market.
According to the report, increase in demand from glass industry will a key driver for market growth. The global glass market is experiencing high growth because of increased demand from the construction and automotive sectors. Developing countries such as India, China, and South Korea account for a large demand for glass.
The global flat glass market had the capacity to produce 88.26 billion square feet of flat glass in 2014; this is expected to increase to 122.3 billion square feet by 2019, growing at a CAGR of 6.76%. Sand is the major component of glass and accounted for 51% of the raw materials used in the production of flat glass. Thus, the glass industry is a major driver for the global silica minerals mining market.
Further, the report states that recyclability will be a challenge for the market. The increase in the recyclability of glass is a challenge for the global silica minerals mining market. This leads to a reduction in the production of new glass, reducing the consumption of sand. Recycled glass substitutes almost 95% of the raw materials.
The US and Europe are the major regions for glass recycling. In 2014, the European Union recycled 74% of the glass packaging by recycling more than 25.01 billion glass containers. In the US, 35% of the glass containers were recycled in 2014. The recyclability rate will increase during the forecast period, reducing the magnitude of sand consumption in the glass industry.
- Badger Mining
- Fairmount Santrol
- Preferred Sands
- U.S. Silica
Other prominent vendors
- Alamos Gold
- Minerali Industriali
- Nordic Mining
- The Quartz
- Kakatiya Overseas
For more information visit http://www.researchandmarkets.com/research/zd8m5h/global_silica