Industrial Silica Sand Demand in Canada to Grow 6.7% Annually Through 2022
September 7, 2018 (Investorideas.com Newswire) Canadian industrial silica sand demand is projected to rise 6.7% annually to 9.81 million metric tons in 2022. Growth will be driven by the need for frac sand by oil and gas suppliers. This and other trends are presented in Global Industrial Silica Sand, 4th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Hydraulic fracturing will account for 82% of industrial silica sand demand in Canada in 2022. In addition to an increase in active rigs, demand will be supported by the rapid adoption of new oil and gas exploration equipment technology and its associated engine oil standards. Since well drilling often occurs in environmentally sensitive areas, any lubricants that offer a reduced environmental impact in these areas will also benefit.
The foundry and building products segments will also support industrial silica sand demand. Fabricated metals manufacturing will boost foundry demand, while Canada's intensive use of asphalt roofing will aid building products demand.
Global Industrial Silica Sand, 4th Edition (published 08/2018, 234 pages) is available for $xxxx from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email [email protected].
Related studies include:
#3614 Global Flat Glass Market, 13th Edition (March 2018)
#3538 Global Caps & Closures Market, 9th Edition (September 2017)
About The Freedonia Group, a division of MarketResearch.com - The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Metals, Minerals & Glass studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
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