Wet Coated Sand Trends and Forecast
The future of the global wet coated sand market looks promising with opportunities in the casting and oil & gas extraction markets. The global wet coated sand market is expected to grow with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are increasing demand for this material in foundry applications and rising adoption of wet coated sand in construction.
• Lucintel forecasts that cold lamination process is expected to witness the higher growth over the forecast period.
• Within this market, casting is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States: With the resurgence of the oil and gas industry, the demand for wet coated sand for hydraulic fracturing purposes has surged in regions like Texas and North Dakota. Several American companies have invested in expanding their wet coated sand production capacities to meet this growing demand. Additionally, the U.S. government has provided support through regulatory frameworks that promote the use of domestically sourced wet coated sand in energy exploration activities.
India: In India, the construction sector has been a key driver of the wet coated sand market. Rapid urbanization and infrastructure development projects have fueled the demand for high-quality wet coated sand for concrete production. Indian companies have been focusing on enhancing their manufacturing processes to meet stringent quality standards while also adhering to environmental regulations set by the government.
China: China has emerged as a significant player in the global wet coated sand market, both as a producer and consumer. The Chinese governmentÄX%$%Xs initiatives to modernize its manufacturing sector and improve industrial efficiency have led to advancements in wet coated sand production technologies. Additionally, the growing emphasis on environmental sustainability has prompted Chinese companies to invest in cleaner production methods and eco-friendly coatings for wet coated sand, aligning with the governmentÄX%$%Xs environmental goals.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Wet Coated Sand by Segment
The study includes a forecast for the global wet coated sand by type, application, and region.
Wet Coated Sand Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Cold Lamination Process
• Thermal Lamination Process
Wet Coated Sand Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Casting
• Oil & Gas Extraction
• Others
Wet Coated Sand Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Wet Coated Sand Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wet coated sand companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wet coated sand companies profiled in this report include-
• Midvale Industries
• HA-International
• Covia
• Kore Mart
• Mangal Minerals
• Hüttenes-Albertus
• Namgwang Casting Materials
• Tochu
• Chongqing Changjiang River Moulding Material
• Rechsand Science & Technology
Recent Development in the Wet Coated Sand Market
Fairmount Santrol: Fairmount Santrol announced the launch of a new generation of wet coated sand products designed specifically for hydraulic fracturing applications in the oil and gas industry. The companyÄX%$%Xs initiative involves the integration of advanced resin coating technologies to enhance the performance and sustainability of their wet coated sand offerings.
U.S. Silica Holdings, Inc.: U.S. Silica Holdings, Inc. introduced a comprehensive recycling program for wet coated sand used in hydraulic fracturing operations. The initiative aims to address environmental concerns associated with sand disposal by providing cost-effective solutions for the reuse and recycling of wet coated sand, thereby reducing waste generation and environmental impact.
Sibelco: Sibelco announced strategic investments in expanding its wet coated sand production facilities in key regions such as Europe and Asia-Pacific. The companyÄX%$%Xs initiative includes the implementation of state-of-the-art manufacturing technologies to improve efficiency and product quality, allowing them to meet the growing demand for wet coated sand in various industrial applications.
Features of the Global Wet Coated Sand Market
Market Size Estimates: Wet coated sand market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wet coated sand market size by type, application, and region in terms of value ($B).
Regional Analysis: Wet coated sand market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the wet coated sand market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wet coated sand market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for wet coated sand market?
Answer: The global wet coated sand market is expected to grow with a CAGR of 6.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the wet coated sand market?
Answer: The major drivers for this market are increasing demand for this material in foundry applications and rising adoption of wet coated sand in construction.
Q3. What are the major segments for wet coated sand market?
Answer: The future of the wet coated sand market looks promising with opportunities in the casting and oil & gas extraction markets.
Q4. Who are the key wet coated sand market companies?
Answer: Some of the key wet coated sand companies are as follows:
• Midvale Industries
• HA-International
• Covia
• Kore Mart
• Mangal Minerals
• Hüttenes-Albertus
• Namgwang Casting Materials
• Tochu
• Chongqing Changjiang River Moulding Material
• Rechsand Science & Technology
Q5. Which wet coated sand market segment will be the largest in future?
Answer: Lucintel forecasts that cold lamination process is expected to witness the higher growth over the forecast period.
Q6. In wet coated sand market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the wet coated sand market by type (cold lamination process and thermal lamination process), application (casting, oil & gas extraction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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