The natural and manufactured sand is an important product used in mortar and cement concrete. This mixture is used for construction. Natural & manufactured sand market covers all the products and application with the aim to improve the quality, and productivity of the construction. Increasing ongoing infrastructure development projects, growing urbanization and growth of middle class population propels the need of houses, roads, offices, malls, shops and basic infrastructure across the world.
These factors are anticipated to drive the growth of the natural & manufactured sand market during the forecast period. Moreover, high investment by regulatory body for infrastructure is a major driving factor for the expansion of the natural & manufactured sand market. The global natural & manufactured sand market was valued at US$ 81.1 bn in 2016 and is forecasted to expand at a CAGR of 10.6% from 2017 to 2025, reaching a value of US$ 192.9 bn in 2025.
The global natural & manufactured sand market has been segmented on the basis of product type, application and geography. On the basis of product type, the market is segmented into natural sand and manufactured sand. The natural sand market holds a highest share in terms of revenue and was valued at US$ 47.4 bn in 2016. The global market is expected to be attractive for manufactured sand during the forecast period. The reason for the growth of manufactured sand in this forecast is due to exhaustion of deposits of natural sand that is causing serious threat to environment.
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Additionally, loss of water retaining natural sand from river that affect to natural flora on the banks of rivers. Moreover, Due to government and regional bodies imposing stringent laws and regulation to overcome environmental issue for maintaining ecological balance of environment has boosted the manufactured sand market during the forecast period.
In terms of application, the market is classified into residential, commercial, industrial and infrastructure. Infrastructure was the largest application segment of the natural & manufactured sand market in 2016. While others segments such as residential, and industrial of application are expected to grow at good pace during the forecast period.
Increasing demand for infrastructure will lead to the market growth. Rising population will shoot up the demand for houses, malls, shops, schools, better roads. Thus, market for global natural and manufactured sand is likely to swell up. Government is anticipated to initiate the funding for better infrastructure, thereby pushing the market growth. Constructions of roads, highways, bridges are likely to take up. This will enhance the demand for natural and manufactured sand.
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Growth for manufactured sand is likely to take place due to depleting natural sand deposits. Threat to flora and fauna and loss of natural sand will further push the market. Regulations pertaining to maintain ecological balance is likely to drive the market further. Constructions of buildings, offices, industries, shops, malls are likely to add up to the market during the forecasted period. Additionally, Government regulations of rapid urbanization is predicted during this period. There’s an ongoing demand for good quality of sand and mixes. With better technology, manufacturers can cover the global market. This will drive the market for manufactured sand further ahead.
Aforementioned factors will thrive the global natural and manufactured sand market to new heights. According to forecast, length and breadth of sand market will expand during predicted time frame.