Silica ranges in form from rock, gravel, and sand destined for construction sites, priced at under $5/ton to quartz crystals grown in laboratories for use in electronics, which can sometimes fetch prices of $1000/kg. The majority of the market is represented by silica priced under $100/ton, therefore transportation and delivery costs place a high premium on local sourcing of material, resulting in much more localized markets served by a smaller number of companies.

The global silica demand is expected to double every decade, with three primary segments: speciality, industrial, and sand silica are projected to be worth approximately $6 billion, $32 billion, and $14 billion respectively by 2025. In the petroleum industry alone, more than half of U.S. crude oil production relies on the use of silica as a means of increasing well production output.

Factom Blockchain

The global silica demand is expected to double every decade

With three primary segments: speciality, industrial, and sand silica are projected to be worth approximately $6 billion, $32 billion, and $14 billion respectively by 2025.

Factom Blockchain

Applications

Industry

Concrete, glassmaking, metal casting, chemical production, construction products, paint and coatings, ceramics, rubber, oil and gas recovery, water filtration.

Essentials

Food additive, pharmaceutical, clock, plastic, personal care, cosmetics, sanitary-ware, spices, paper, beverages, textiles, and footwear.

High Tech

Electronics, precision casting, solar panels, fiber optic cables,  semi conductors, touch screens, high speed rails, batteries.

Exotic

Fusion reactors, space craft components, insulation, aerogels, precipitated silica.

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