The Silica Sands and Quartz Sands market in South Korea, expressed in value, reached 184 million USD in 2023. Examining the data from 2013 to 2023, we observe a general upward trend despite some fluctuations. The most recent five-year Compound Annual Growth Rate (CAGR) is 1.79%, indicating modest growth. From 2022 to 2023, the market exhibited stability with a year-on-year increase of 1.1%. Notable volatility occurred in earlier years, particularly in 2020, with a significant drop due to external factors.
Looking ahead, the market is expected to continue its growth trajectory. Future trends to watch include increasing demand for high-purity silica sand for semiconductor manufacturing, driven by technological advancements. Additionally, environmental regulations and innovations in sand processing could impact supply and cost dynamics.
| # | 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% | |
| 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 |
