Industrial Silica Sand Demand in Canada to Grow 6.7% Annually Through 2022

Hydraulic fracturing market will account for the majority of demand

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Sep 10, 2018, 13:42 ET

CLEVELAND, Sept. 10, 2018 /PRNewswire/ -- 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, who rely upon this sand to boost the productivity of existing wells. 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.

More information about this study is here: https://www.freedoniagroup.com/industry-study/global-industrial-silica-sand-3664.htm

Hydraulic fracturing will account for 82% of industrial silica sand demand in Canada in 2022. Increased sand utilization per well, and drilling techniques such as longer laterals and tighter frac clusters will account for gains in this market. The fastest increases for frac sand demand will occur in newer and smaller Canadian provinces such as British Columbia, Manitoba, and Saskatchewan.

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.

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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SOURCE The Freedonia Group