Report : Reclamation Sand Market Size, Share, Growth by 2030
The scope of our recent study on the “Reclamation Sand Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Process, and Application” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The reclamation sand market was valued at US$ 1,677.32 million in 2022 and is projected to reach US$ 2,688.63 million by 2030; it is expected to grow at a CAGR of 6.1% from 2022 to 2030.
Sand mining has been a major source of environmental degradation and has led to the depletion of natural sand resources. With the implementation of a ban on sand mining in recent years in many countries such as India, Malaysia, Cambodia, etc., there will be a significant reduction in the supply of natural sand, which can lead to an increase in demand for reclamation sand. This is expected to create a market for recycled sand, which can be used as a substitute for natural sand in various construction projects. Moreover, the use of reclamation sand can help to reduce the adverse impacts of sand mining on the environment. Reclaimed sand is made from waste materials that would otherwise end up in landfills, reducing the amount of waste generated and promoting sustainable practices. Additionally, the use of reclaimed sand can help to reduce the carbon footprint that results from construction activities, as it requires less energy for production than natural sand. Enforcement of a ban on sand mining can also encourage investment in recycling infrastructure and technology. This can lead to the development of more efficient and effective recycling processes, resulting in higher-quality reclamation sand that meets the required standards for construction purposes. Therefore, the enforcement of a ban on sand mining is expected to offer lucrative opportunities for the reclamation sand market over the coming years.
Impact of COVID-19 Pandemic on Reclamation Sand Market
The global economy was hit hard due to the COVID-19 pandemic. Governments of various regions had taken possible steps to restrict the spread of SARS-CoV-2 by announcing country-wide lockdowns, which directly impacted the growth of foundry sector. The composite industry faced challenges procuring raw materials. Moreover, restrictions in the raw materials procurement activities have significantly fluctuated the prices of reclamation sand market. However, the reclamation sand market has recovered due to the increasing foundry and construction sector growth.
The report includes the segmentation of the global reclamation sand market as follows:
On the basis of segmentation global reclamation sand market, by process, is segmented into wet reclamation, mechanical reclamation, and thermal reclamation. By application, the market is bifurcated into foundry, and construction & others. By geography, the global reclamation sand market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. The global reclamation sand market in North America is further segmented into the US, Canada, and Mexico. The global reclamation sand market in Europe is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The global reclamation sand market in Asia Pacific is further categorized into Australia, India, Japan, China, South Korea, and the Rest of Asia Pacific. The market in the MEA is further segmented into South Africa, Saudi Arabia, UAE, and the Rest of MEA. The global reclamation sand market in South & Central America is studied on the basis of Brazil, Argentina, and the Rest of South & Central America.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com