North America And Australia Silica Market size is expected to reach USD 16.52 billion by 2028
North America And Australia Silica Industry Overview The North America and Australia silica market size was valued at USD 7.18 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.0% from 2021 to 2028. Increasing investments in the oil & gas industry coupled with the rising use of foundry sand are propelling the market growth. For instance, in November 2021, Australia approved a USD 12 billion LNG investment where Woodside Petroleum will supply LNG for at least 20 years. Such investments are anticipated to propel market growth as commercial silica is widely used in the oil & gas industry due to its chemical composition, inertness, hardness, purity, and resistance to high temperatures. In 2020, the U.S. was ranked as the world’s leading producer and consumer of industrial sand and gravel. Gather more insights about the market drivers, restrains and growth of the North America And Australia Silica Market Its high demand is attri...