Report : North America Reclamation Sand Market Forecast to 2030 - Regional Analysis - by Process (Wet Reclamation, Mechanical Reclamation, and Thermal Reclamation) and Application (Foundry, and Construction & Others)
At 4.9% CAGR, the North America Reclamation Sand Market is Speculated to be Worth US$ 343.39 Million by 2030, Says Business Market Insights
According to Business Market Insights research, the North America reclamation sand market was valued at US$ 234.82 million in 2022 and is expected to reach US$ 343.39 million by 2030, registering a CAGR of 4.9% from 2022 to 2030. Technological advancements in reclamation sand processing and growing demand for sand in construction and industrial applications are among the critical factors attributed to the North America reclamation sand market expansion.
Technological advancements in reclamation sand processing can help improve the quality and efficiency of recycled sand production. The development of new technologies and equipment can enable the processing of various waste materials, resulting in a larger supply of high-quality reclamation sand. One such technology is the use of advanced screening and sorting systems that can separate different types of waste materials based on their size, shape, and density. This can result in a more uniform and consistent quality of reclamation sand that meets the required specifications for construction purposes. Another trend in reclamation sand processing is the use of advanced washing and scrubbing systems that can remove impurities and contaminants from waste materials. This can result in a cleaner and more eco-friendly product that can be used in a wider range of applications. In addition, the use of automation and AI can improve the efficiency and accuracy of reclamation sand processing. Automated systems can monitor and control the entire production process, reducing the need for manual labor and minimizing the risk of errors or defects. Thus, technological advancements in reclamation sand processing are expected to boost the North America reclamation sand market growth during the forecast period.
On the contrary, limited supply of reclamation sand hampers the growth of North America reclamation sand market.
Based on process, the North America reclamation sand market is segmented into wet reclamation, mechanical reclamation, and thermal reclamation. The thermal reclamation segment held 61.1% share of the North America reclamation sand market in 2022, amassing US$ 143.46 million. It is projected to garner US$ 212.76 million by 2030 to expand at 5.1% CAGR during 2022-2030.
In terms of application, the North America reclamation sand market is bifurcated into foundry and construction & others. The foundry segment held 95.9% share of the North America reclamation sand market in 2022, amassing US$ 225.29 million. It is projected to garner US$ 330.25 million by 2030 to expand at 4.9% CAGR during 2022-2030.
Based on country, the North America reclamation sand market is categorized into the US, Canada, and Mexico. The US held 75.6% share of North America reclamation sand market in 2022, amassing US$ 177.48 million. It is projected to garner US$ 262.93 million by 2030 to expand at 5.0% CAGR during 2022-2030.
Key players operating in the North America reclamation sand market are Asahi Yukizai Corp, CQMS Razer Pty Ltd, Iluka Resources Ltd, JFE Mineral & Alloy Co Ltd, MAT Foundry Group Ltd, and Nugent Sand Inc, among others.
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