Asia Pacific Dominated Reclamation Sand Market in 2022
According to our latest market study on “Reclamation Sand Market Forecast to 2030 – COVID-19 Impact and Global Analysis – by Process and Application,” the global reclamation sand market size was valued at US$ 1,677.32 million in 2022 and is projected to reach US$ 2,688.63 million by 2030; it is anticipated to record a CAGR of 6.1% from 2022 to 2030. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
In 2022, Asia Pacific dominated the reclamation sand market. The reclamation sand market in Asia Pacific has witnessed major growth in recent years, owing to the well-established manufacturing sector and increased emphasis on sustainable practices. Foundry reclamation sand refers to recycling and reusing sand used in metal casting processes, reducing waste, and promoting environmental responsibility. The development of automotive interior parts in the region and the rise of electric vehicle production are expected to create lucrative opportunities for the reclamation sand market over the coming years. In 2020, Kirloskar Ferrous Industries Ltd. (an India-based foundry firm) invested in a new sand reclamation plant to reduce waste and improve sustainability. The company's new plant uses thermal reclamation methods to remove impurities from used sand, producing high-quality reclaimed sand that can be reused in production processes. China is one of the largest markets for reclamation sand, driven by the country's large manufacturing industry and increasing demand for sustainable solutions. Reclamation sand plays a critical role in supporting China's vast metal casting sector, which encompasses the automotive, construction, and machinery industries. The Chinese government recently implemented stricter environmental regulations, which has led to a surge in the demand for high-quality, environmentally friendly reclamation sand. The reclamation sand market in India has undergone significant changes in recent years, reflecting a combination of industrial growth, environmental considerations, and technological advancements. This market plays a crucial role in supporting India's diverse manufacturing sector, spanning automotive, construction, and infrastructure development. The increasing adoption of advanced reclamation technologies is boosting the reclamation sand market in India. Indian foundries are investing in innovative methods, such as thermal reclamation and mechanical reclamation, to efficiently recover and recycle foundry sand in order to meet the need for fresh sand while addressing environmental concerns related to sand disposal. Moreover, there is a rising focus on sustainability and circular economy practices within India's foundry industry. Foundries are working to enhance the quality of reclaimed sand to meet the rigorous standards required for precision casting applications. The key investments related to the reclamation sand technologies in the region are projected to fuel the reclamation sand market during the forecast period.
Global Reclamation Sand Market Breakdown – by Region
Reclamation Sand Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Process (Wet Reclamation, Mechanical Reclamation, and Thermal Reclamation) and Application (Foundry, and Construction & Others)
Reclamation Sand Market Size Analysis | Forecast 2030
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Asahi Yukizai Corp, Mangalore Minerals Pvt Ltd, TOCHU Corp, Nugent Sand Inc, CQMS Razer Pty Ltd, MAT Foundry Group Ltd, Iluka Resources Ltd, Pioneer Construction Materials Pty Ltd, Finecast Foundry Ltd, and JFE Mineral & Alloy Co Ltd are a few of the key players operating in the global reclamation sand market. Many market players are focused on developing high-quality, innovative product offerings to fulfill the customer’s requirements.
Impact of COVID-19 Pandemic on Global Reclamation Sand Market
In 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 outbreak disrupted the supply chain of key raw materials and hampered the growth of the reclamation sand market. The adverse effects of the pandemic on the foundry and construction industry reduced the demand for reclamation sand from these industries across the globe.
As various economies started reviving their operations, the demand for reclamation sand started to increase. The rising use of reclamation sand in foundries is expected to offer opportunities for the global reclamation sand market during the forecast period.
The report includes the segmentation of the global reclamation sand market as follows:
The global reclamation sand market, based on 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, the UAE, and the Rest of MEA. Further, the global reclamation sand market in South & Central America is categorized into Brazil, Argentina, and the Rest of South & Central America.
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