HYDERABAD, India, March 29, 2016 /PRNewswire/ --
Mordor Intelligence releases their report on the Asia Silica, Construction and Reclamation Sand market. The report discusses the situation of silica, construction and reclamation sands in Asia. In addition, it studies the markets by end-user industry, which include glass manufacturing, foundry, chemical production, construction, paints and coatings, ceramics and refractories, filtration, oil and gas recovery, and 'Others.' The report provides the market numbers, production, and trade data for aforementioned types of sand by country - China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Vietnam, Singapore, Philippines, and Rest of Asia-Pacific.
The Asia silica sand market is growing steadily, and is expected to grow rapidly until 2020. Asia silica sand demand is expected to grow at a CAGR of 7.19% through the forecast period to reach USD 6,977.10 million by 2020. China has held the largest share in this market in the last five years and is expected to maintain its leading position through 2020. However, China is expected to witness relatively moderate growth in the next five years, owing to the recent devaluation of Yuan, a deceleration in the country's growth, and the resultant multi-year economic slowdown.
Traditionally, sand in Asia has primarily been reclaimed through the mechanical reclamation process; however, owing to thermal process' numerous advantages, end-users have started shifting towards the latter. The aforementioned benefits of the process include lower thermal expansion causing better mold stability, rounded shape causing lesser binder demand, and a highly energy efficient process. Thermal sand reclamation also reduces the amount of sand that is wasted in landfills. It is cost effective and reliable; therefore, due to these characteristics, foundries find it feasible. Other foundry advantage of thermally reclaimed sand is that it helps reduce expansion defects.
Some of the major players in the Asia Silica, Construction and Reclamation Sand market include Tochu Corp., Sibelco Group, Parthenon Resources, Lafarge-Holcim, and Iluka Resources.
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SOURCE Mordor Intelligence