What is the market size for the ?

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What is the CAGR for the ?

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What is the growth rate of the market?

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Which region held the largest market share in the market?

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Who are the prominent players in the market?

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Global Silica Minerals Mining Market 2016-2020

Q: What is the market size for the ?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-silica-minerals-mining-market'>Read More</a>

Q: What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-silica-minerals-mining-market'>Read More</a>

Q: What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-silica-minerals-mining-market'>Read More</a>

Q: Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-silica-minerals-mining-market'>Read More</a>

Q: Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-silica-minerals-mining-market'>Read More</a>

Published: Jul 2016
Pages: 60
SKU: IRTNTR9205

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Outlook of the global silica minerals mining market

Technavio’s market research analyst predicts that the global silica minerals mining market will grow at a steady CAGR of just over 5% during the forecast period. Due to the resurgence of the global gas industry, the silica minerals mining industry has been experiencing a high demand for sand. Silica sand is used in the oil industry for the hydraulic fracturing process as it helps in the extraction of gasses. With the growing demand for silica from oil companies, the growth prospects for this market will witness a stark increase until the end of the predicted period.

The market demand for silica minerals is very high due to an increase in horizontal well drilling by oil companies. Service companies like Schlumberger are always refining fracking techniques and technologies so that they can maximize hydrocarbon recovery from every well. One of the most used techniques is horizontal drilling, which requires more stages in the fracking process. This means that more proppant has to be used at each stage, resulting in a higher need for silica sand. This market trend favors the growth of the silica minerals mining market during the forecast period.