As per a new report published by an ESOMAR-certified market research and consulting firm, the sand washer market is anticipated to surpass US$ 900 Mn in 2021, and is poised to expand at a CAGR of close to 5% over the next ten years.
Global construction, mining, and electronics sectors are experiencing a surge owing to increasing population-led urbanization, and this, in turn, has reflected an increase in requirement for sand washers. The market in regions such as East Asia and South Asia & Oceania is growing at a high CAGR owing to the presence of more number of developing countries where newer construction projects are going on or yet to begin.
Also, Russia, which is an integral part of Europe, has been leading the mining industry from the past two decades. This factor is driving demand sand washers as they are used for segregating minerals from sand. The quarry washing segment sees higher share in the sand washer business, as end users involved in this are processing m-sand or river sand to be used in construction projects.
The global market is fragmented in nature, and thus, players involved are exposed to a highly competitive atmosphere, from pricing to customer base. Most market players are practising organics growth strategies such as investing in R&D for introducing upgraded versions of existing sand washers, enabling them to get new business opportunities from end users.
Key Takeaways from Market Study
- The sand washer market is anticipated to add 1.6X value by 2031.
- Stationary sand washers capture a major share, equivalent to more than half of the global market share, and are set to create an absolute $ opportunity of around US$ 365.4 Mn over 2021-2031.
- Among the end uses, sand & gravel washing has been the fastest-growing segment, owing to increasing demand for m-sand and river sand for construction.
- East Asia is set to dominate market revenue in 2021, and is expected to gain 41 BPS by 2031.
- The market in India and ASEAN countries is expected to rise at over 5% CAGR through 2031.
- Due to the COVID-19 crisis, demand for sand washers was hit in 2020, which saw a decline of 4.3% over the 2nd and 3rd quarters.
“Investing in eco-friendly sand washers to attract new end users in the market,” says a research analyst.
Winning Strategy
Market players are investing in manufacturing eco-friendly sand washers in order to reduce the environmental impact of sand washing and minimize power consumption, which collectively assists end users in increasing their margins. Through such organic strategies, market players are easily attracting new customers.
These insights are based on a report on Sand Washer Market by Fact.MR.
