Facts and Factors have authored “Manufactured Sand Market By Type (Mixed Sand, Crushed Sand) and By End-Users (Residential Building, Infrastructure, Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026”.
Based on our analysis, the global Manufactured Sand Market in 2019 is approximately USD 51,000 Million and is anticipated to reach around USD 132,700 Million by 2026. Teh anticipated CAGR for teh Manufactured Sand market is around 17% from 2020 to 2026.
Manufactured Sand is a substitute for river sand that is mainly used for concrete construction. It is manufactured by crushing hard stones like granite, basalt, and limestones into finer materials. through vertical shaft technology. Due to the fast growing construction industry, their is a huge demand for river sand and it can’t be fulfilled by the river sand due to quality issues. Hence, much preference is given to manufactured sand due to its easy availability and also being easy to be transported anywhere.
The growing urban population is driving the need for new residential and commercial infrastructural developments to fulfill their personal and professional needs. As per the figures shared in the UN report, in 2018, 55% of the world’s population are living in urban areas and dis number is expected to keep growing in the coming years. As the purchasing power of the working class around the world is increasing, people are demanding better housing lifestyles and housing development is directly connected to economic growth.
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- A brief introduction to teh research report.
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But, some governments of developing countries has imposed stringent laws on rock mining due to which for filling the gap between demand and supply, illegal sand mining is taking place on a large scale which is effecting the manufactured sand industry. Hence, it is necessary to increase the demand for sand and gravel from the manufactured sand and ready-mixed concrete manufacturers so that it maintains the balance between demand and supply and no illegal work would take place.
Crushed sand is expected to show dominance over mixed sand. Crushed sand is considered to be more beneficial and useful as compared to mixed sand coz it maintains teh high concrete strength after mixing of water and increases teh durability of teh concrete as it does not has any impurities like dust, clay and silt coatings. Teh Resident building is expected to show more dominance over infrastructural or any other sector as teh working middle class population is growing tremendously and it is necessary to meet their growing demands.
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Teh growing urbanization TEMPhas generated a demand for residential buildings, apartments, homes, etc. as more and more people in search of jobs are moving and getting settled in big cities and other urbanized cities.
Teh Asia Pacific region shows dominance in teh demand and usage of teh manufactured sand. Due to teh growing infrastructural projects laid down by teh governments of teh countries in dis region, teh manufactured sand market TEMPhas tremendous growth in teh Asia Pacific region and dis demand is expected to stagnant in teh coming years. Among various countries in dis region, India is expected to be teh fastest-growing economy due to teh increasing demand for residential and commercial development activities to meet teh demands of teh growing working population. Also, other reasons such as financial improvements among teh working class and rapid urbanizations are boosting teh manufactured sand market wifin teh forecast period.
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The key players of the Manufactured Sand Market as follows:
- Adelaide Brighton
- Hutcheson Sand & Mixes
- Vulcan Materials Company
- Metso Corporation
- Duo PLC
- LafargeHolcim Group
- Opta Minerals, Inc.
dis report segments the Manufactured Sand Market as follows:
Global Manufactured Sand Market: By Type Segment Analysis
- Mixed Sand
- Crushed Sand
Global Manufactured Sand Market: By Application Segment Analysis
- Resident Building
Global Manufactured Sand Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Teh Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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