Report : Europe Reclamation Sand Market Forecast to 2030 - Regional Analysis - By Process (Wet Reclamation, Mechanical Reclamation, and Thermal Reclamation) and Application (Foundry, and Construction & Others)
At 5.5% CAGR, the Europe Reclamation Sand Market is Speculated to be Worth US$ 420.40 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the Europe reclamation sand market was valued at US$ 273.74 million in 2022 and is expected to reach US$ 420.40 million by 2030, registering a CAGR of 5.5% from 2022 to 2030. Enforcement of ban on sand mining and growing demand for sand in construction and industrial applications are among the critical factors attributed to the Europe reclamation sand market expansion.
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.
On the contrary, limited supply of reclamation sand hampers the growth of Europe reclamation sand market.
Based on process, the Europe reclamation sand market is segmented into wet reclamation, mechanical reclamation and thermal reclamation. The thermal reclamation segment held 55.9% share of the Europe reclamation sand market in 2022, amassing US$ 153.04 million. It is projected to garner US$ 239.04 million by 2030 to expand at 5.7% CAGR during 2022-2030.
In terms of application, the Europe reclamation sand market is bifurcated into foundry and construction & others. The foundry segment held 96.2% share of the Europe reclamation sand market in 2022, amassing US$ 263.34 million. It is projected to garner US$ 405.14 million by 2030 to expand at 5.5% CAGR during 2022-2030.
Based on country, the Europe reclamation sand market is categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe held 29.8% share of Europe reclamation sand market in 2022, amassing US$ 81.71 million. It is projected to garner US$ 120.91 million by 2030 to expand at 5.0% CAGR during 2022-2030.
Key players operating in the Europe reclamation sand market are Asahi Yukizai Corp, CQMS Razer Pty Ltd, MAT Foundry Group Ltd, Iluka Resources Ltd, Finecast Foundry Ltd, and JFE Mineral & Alloy Co Ltd, among others.
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