India Sand Market Share, Key Players and Forecast 2023-2028
IMARC Group’s latest research report, titled “India Sand Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the India sand industry share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The sand industry in India is expected to exhibit a growth rate (CAGR) of 6.2% during 2023-2028.
India Sand Market Overview:
Sand refers to fine rock particles made up of several minerals, mainly quartz and feldspar fragments and small fossil fragments. It is composed by the weathering and erosion of inland and marine rock particles, organic-by products and bio-organisms. Sand is a natural resource found in plentiful quantity across ocean and sea beaches, riverbeds, and riverbanks in various compositions and sizes. The grain sizes of sand are coarser than silt but finer than gravel. Natural sand is mined from waterbody beds, especially rivers, for industrial applications. In recent years, sand has gained momentum due to its extensive employment in construction, manufacturing, home decoration, and flooring.
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India Sand Market Trends:
One of the primary factors driving the rising number of construction activities. This can be attributed to the expansion of the residential segment in India due to the rapid population shift in urban areas. Other than this, the rising environmental concerns have led to a growing demand for manufactured sand rather than sand obtained from riverbed mining.
Apart from this, the extensive usage of sand in the industrial sector in the glass and heavy industry as a vital raw material and in the commercial sector for various applications, including electrical insulators, pipes, and high-end glass products, is strengthening the market growth.
Furthermore, silica sand is widely used for manufacturing specialty and standard glasses, which is positively influencing the market growth. Moreover, the Government of India is implementing numerous initiatives favoring the utilization of manufactured sand over natural sand due to a significant focus on sustainable development. These factors are anticipated to create a positive market outlook in the coming years.
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Key Market Segmentation:
Breakup by Type:
- Natural Sand
- Manufactured Sand
Breakup by Application:
Breakup by Region:
- North India
- West and Central India
- South India
- East India
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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