[Research Report] The 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.MARKET ANALYSIS

Sand reclamation is a process by which foundry sand is reconditioned without directly affecting its physical properties. Sand reclamation involves physical, chemical, or thermal treatment of sand for reuse in molding and core making. During the sand reclamation process, binders & coatings that adhere to sand grains during casting production are removed to recycle sand for subsequent use. Sand reclamation is important in the metal casting process because it helps reduce costs without negatively affecting casting quality. Additionally, sand reclamation can reduce the environmental impact of the metal casting process. In recent years, sand has been a significant component of building & construction due to its use in concrete & asphalt, so there has been a worldwide shortage of sand. All these factors are driving the demand for reclamation sand across the globe.

GROWTH DRIVERS AND CHALLENGES

Sand is a ubiquitous material used in a wide range of construction and industrial applications, such as concrete production, road construction, and glassmaking. However, sand is a finite resource, and the growing demand for sand is putting pressure on natural supplies. Reclamation sand is a sustainable alternative to natural sand. It is produced by cleaning and reprocessing used sand, such as foundry sand, construction sand, and glassmaking sand. This process removes impurities and restores the sand to its original properties, making it suitable for reuse in a variety of applications. The demand for reclamation sand is increasing rapidly, driven by a number of factors, such as the rising cost of natural sand, environmental concerns, government regulations, etc. For instance, the global construction output in 2020 was US$ 10.7 trillion, which is expected to reach US$ 15.2 trillion by 2030. India’s annual sand consumption is approximately 750 million tons, which is constantly growing; however, the natural sand resources are depleting, due to which the focus is shifting towards reclamation sand for construction. In recent years, there have been several instances where the demand for sand has surpassed supply, leading to environmental concerns and increased costs; due to this factor, the focus has shifted towards a more economical option, which is reclamation sand. Thus, the growing demand for sand in construction and industrial applications is driving the reclamation sand market. However, the availability of reclamation sand depends on the amount of waste generated and the capacity of recycling facilities. If the supply of waste material decreases or if recycling facilities are not able to meet demand, it can lead to a shortage of reclamation sand.

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Reclamation Sand Market: Strategic Insights

Reclamation Sand Market

• 
  CAGR (2022 - 2030)

  6.1%
• Market Size 2022
  US$ 1.68 Billion
• Market Size 2030
  US$ 2.69 Billion

Market Dynamics

GROWTH DRIVERS

• Growing Demand for Sand in Construction and Industrial Applications
• Depletion of Natural Sand Resources

FUTURE TRENDS

• Technological Advancements in Reclamation Sand Processing

OPPORTUNITIES

• Enforcement of Ban on Sand Mining

Key Players

• 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

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Process

• Wet Reclamation
• Mechanical Reclamation
• Thermal Reclamation

Application

• Foundry
• Construction & Others

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REPORT SEGMENTATION AND SCOPE

The "Global Reclamation Sand Market Forecast to 2030" is a specialized and in-depth study with a major focus on the global reclamation sand market trends and opportunities. The report aims to provide an overview of the market with detailed market segmentation on the basis of process, application, and geography. The global reclamation sand market has been witnessing significant growth over the past few years and is expected to continue this trend during the forecast period. The report provides key statistics on the use of reclamation sand worldwide, along with their demand in major regions and countries. It also provides a qualitative assessment of various factors affecting the reclamation sand market performance in major regions and countries. The report also includes a comprehensive analysis of the leading market players and their key strategic developments. Several analyses on the market dynamics are also included to help identify the key driving factors, market trends, and lucrative reclamation sand market opportunities that would, in turn, aid in identifying the major revenue pockets.

Further, ecosystem analysis and Porter’s five forces analysis provide a 360-degree view of the global reclamation sand market, which helps understand the entire supply chain and various factors affecting the market growth.

SEGMENTAL ANALYSIS

The global reclamation sand market is bifurcated on the basis of process and application. In terms of process, the market is segmented into wet reclamation, mechanical reclamation, and thermal reclamation. By application, the market is bifurcated into foundry and construction & others.

Based on process, the thermal reclamation segment held a significant global reclamation sand market share in 2022. Thermal reclamation is a process of cleaning and reconditioning used foundry sand by using heat to remove binders, coatings, and other contaminants. It is a highly effective method for reclaiming sand bonded with organic binders, such as no-bake or chemical sand systems. By application, the foundry segment led the global reclamation sand market with a larger market share in 2022. Reclamation sand in foundries plays a vital role in promoting sustainability and cost-efficiency within the manufacturing and construction industry. Reuse of reclamation sand involves the process of recycling and reconditioning sand that has already been used in casting. This sustainable practice offers numerous benefits to foundries.

REGIONAL ANALYSIS

The report provides a detailed overview of the global reclamation sand market with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South & Central America. APAC accounted for a significant part of the global reclamation sand market share and was valued at ~US$ 1 billion in 2022. The reclamation sand market in Asia Pacific is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China is a major contributor to the market growth in this region. The country has been the largest and fastest-growing foundry producer for more than a decade. Europe is also expected to witness notable growth, reaching over US$ 400 million by 2030. The Europe reclamation sand market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Various countries in the region are harnessing technological capabilities to achieve their sustainability goals. Furthermore, in North America, there has been a widespread usage of reclamation sand. This has created lucrative opportunities in the reclamation sand market. The reclamation sand market in North America is expected to grow at a CAGR of ~5% from 2022 to 2030.

INDUSTRY DEVELOPMENTS AND FUTURE OPPORTUNITIES

Partnerships, acquisitions, and new product launches are a few prominent strategies adopted by the players operating in the global reclamation sand market.

In May 2022, FSP GmbH commissioned a pilot-level water-glass bonded sand reclamation plant at its headquarters in Stuttgart, Germany to perform sand reclamation tests by foundries. The plant is built for a wet sand reclamation process.

IMPACT OF COVID-19 Pandemic/IMPACT OF GEOPOLITICAL SCENARIO/IMPACT OF RECESSION

Lockdowns, travel restrictions, and business shutdowns due to the COVID-19 pandemic adversely affected economies and industries in various countries across the globe. The crisis disturbed supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. These disruptions restricted the availability of reclamation sand. It caused delays in production and increased costs, negatively impacting the overall supply of reclamation sand. Many manufacturing facilities were temporarily discontinued or scaled back during the COVID-19 pandemic to comply with lockdown measures and ensure the safety of workers. In addition, the pandemic impacted the global economy, leading to fluctuations in commodity prices and reduced demand for foundry sands.

The global marketplace is recovering from the losses as governments of different countries have announced relaxation in the restrictions. Manufacturing activities are rebounding as countries gradually recover from the COVID-19 pandemic and vaccination efforts continue. Manufacturers are permitted to operate at full capacity to overcome the supply gap. Increased infrastructure investments and stimulus packages in many regions drive the demand of foundry industry. Thus, the global reclamation sand market is anticipated to grow significantly during the forecast period.

Reclamation Sand Market Report Scope

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COMPETITIVE LANDSCAPE AND KEY COMPANIES

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 major players operating in the global reclamation sand market.