The North America construction sand market size was valued at approximately USD 15.62 billion in 2020 with a CAGR of around 5.14% during the forecast period 2023-2031
From 2023 to 2031, the North American Construction Sand Market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 5.14%. By 2031, the market is anticipated to be worth USD 28.16 billion.
Natural Sand and Synthetic Sand are the two main market segments. Natural sand now has the largest market share, and it is anticipated that it will maintain this position during the projection period. Natural sand is in high demand since it is readily available and less expensive than synthetic sand. On the other hand, because of its superior quality and constant particle size, demand for synthetic sand is anticipated to rise.
The market for construction sand in North America was worth USD 15.62 billion in 2020; by 2031, it is anticipated to be worth USD 28.16 billion. This expansion is related to the rising need for construction sand in numerous industries, including the construction of infrastructure, the production of concrete, and landscaping. Due to the increasing population and urbanisation in the area, the industry is anticipated to experience significant expansion in the residential and commercial construction sectors.
In conclusion, it is anticipated that the North American construction sand market would expand significantly over the next few years. The main drives behind this increase are anticipated to be the rising demand for construction sand across a range of applications and government investments in infrastructure development. The demand for synthetic sand is anticipated to rise due to its improved quality, although natural sand is anticipated to maintain its dominant market position.
North America construction sand market
Market Segmentation:
Market Breakup By Product Type
- Natural Sand
- Synthetic Sand
Market Breakup By Application
- Foundry
- Construction
- Ceramics and Refractories
- Glass Manufacturing
- Others
Market Breakup By Region
- North America
Regional Analysis
With a market size of USD 10.01 billion in 2016 and USD 20.65 billion in 2031, the United States dominates the North American construction sand industry, with a CAGR of 5.32% from 2023 to 2031. The market was worth USD 11.25 billion in 2020; in 2021, it was worth USD 11.96 billion. According to projections, the market will continue to expand, from its current size of USD 13.65 billion in 2023 to USD 20.65 billion in 2031.
With a market size of USD 2.77 billion in 2016 and a predicted increase to USD 5.30 billion in 2031 (with a CAGR of 4.80% between 2023 and 2031), Canada has the second-largest market share. The market had a value of USD 3.05 billion in 2020, rising to USD 3.23 billion in 2021. According to projections, the market will continue to expand, from a projected market size of USD 3.65 billion in 2023 to USD 5.30 billion in 2031.
The market in Mexico, which had a 2016 market value of USD 1.22 billion but is expected to reach USD 2.20 billion in 2031 due to a CAGR of 4.40% between 2023 and 2031, has the smallest market share. The market had a value of USD 1.32 billion in 2020, rising to USD 1.39 billion in 2021. According to projections, the market will continue to expand, from a projected market size of USD 1.56 billion in 2023 to USD 2.20 billion in 2031.
With a predicted CAGR of 5.14% from 2023 to 2031, the North American construction sand market is expected to expand overall, reaching a market value of USD 28.16 billion in 2031.
Competitive Landscape
Details about each competitor are included in the competitive landscape for construction sand. Company overview, financials, revenue generated, market potential, investments in R&D, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product range and depth, and application dominance are among the details offered.
Major players operating in the Construction Sand Market are:
- CRH plc
- CEMEX S.A.B. de C.V.
- Vulcan Materials Company
- Martin Marietta Materials, Inc.
- LafargeHolcim Ltd.
- HeidelbergCement AG
- US Silica Holdings, Inc.
- Summit Materials, Inc.
- Hi-Crush Inc.
- Pioneer Natural Resources Company
In conclusion, the market for construction sand in North America is a sizable and expanding sector of the construction industry. The market has been expanding significantly over the past few years, driven by factors such quick urbanisation, population growth, and continuous infrastructure development projects throughout the region.
Future market expansion is anticipated to be fuelled by the region’s ongoing infrastructure development initiatives and the rising need for high-quality construction materials. Additionally, it is anticipated that in the upcoming years, the market players would benefit from the growing emphasis on sustainable construction methods and the increased adoption of cutting-edge construction technologies.
There are several significant competitors functioning in the sector, which is extremely competitive. To increase their market share and satisfy the rising demand for premium construction sand in the North American region, these businesses are concentrating on strategies including mergers and acquisitions, collaborations, and new product releases.
The market is anticipated to expand steadily across all areas in the upcoming years as a result of the region’s continuous infrastructure development projects and rising demand for high-quality construction materials.
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