From 2012 to 2016, the silica sands and quartz sands market in Switzerland experienced a consistent decline, with a negative year-on-year variation and a decreasing Compound Annual Growth Rate (CAGR). The trend shifted slightly in 2017, showing positive growth though not substantially altering the downward trajectory. Notably, in 2018, the market observed a significant spike of 12.75% year-on-year, followed by fluctuations between 2019 and 2022, leading to a minor upward trend in recent years with a CAGR of 1.15%. As of 2023, the market value stands at approximately 48 million USD.
Future trends to watch for include:
• Increasing demand for high-purity silica in tech industries.
• Sustainability and environmental regulations impacting sand extraction.
• Advancements in material science potentially introducing substitutes impacting market size.
| # | 16 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 388,160,000 | 2023 | -2.98% | -2.26% | View data |
| 2 | 2 Italy | 241,660,000 | 2023 | +0.45% | -0.24% | View data |
| 3 | 3 Germany | 212,980,000 | 2023 | +1.69% | +0.99% | View data |
| 4 | 4 South Korea | 184,000,000 | 2023 | +1.1% | +1.79% | View data |
| 5 | 5 France | 120,610,000 | 2023 | +0.76% | +0.15% | View data |
| 6 | 6 Netherlands | 55,729,000 | 2023 | -4.66% | -5.13% | View data |
| 7 | 7 Switzerland | 48,492,000 | 2023 | +0.69% | -0.89% | |
| 8 | 8 Austria | 43,789,000 | 2023 | +3.88% | +2.58% | View data |
| 9 | 9 Sweden | 38,085,000 | 2023 | -0.074% | +0.37% | View data |
