Sand Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2025-2034)

The global sand market size reached around USD 165.75 Billion in 2024. The market is projected to grow at a CAGR of 4.30% between 2025 and 2034 to reach nearly USD 252.52 Billion by 2034.

Global Sand Market Growth

The African continent is receiving substantial investments from the United States, Europe, and the African Development Bank to reduce its infrastructure gap. As of 2022, the latter invested around USD 13.5 billion for the construction of over 18,000 km of roads and the development of 25 transportation corridors, 16 bridges, and 27 border posts. As per industrial analysis, the region is further expected to attract investments worth USD 500 million in the next few years for cross-border road connectivity projects. Additional projects include USD 259 Kazungula bridge, USD 15.2 billion for the Lagos-Abidjan highway, and the Mozambique-Beira corridor transport system. Roads are responsible for carrying 90% of all passenger traffic and 80% of all goods in Africa. However, just 43% of its overall population can currently access all-season roads. This is expected to contribute to the sand market expansion, as it is extensively used in road construction activities to provide a stable foundation for them.

By 2050, the size of the global population is expected to be USD 9.8 billion. It is estimated that around 68% of people are expected to reside in urban areas. This is expected to increase the demand for concrete for housing development, thereby driving the demand for sand.

Key Trends and Developments

Technological advancements; rising semiconductor production in Taiwan; land reclamation projects; and increasing industrial demand for sand are the major factors favouring the sand market growth

November 2024

Black Mountain Sand Holdings LLC and Covia Energy LLC merged into Iron Oak Energy Solutions LLC. This company is expected to emerge as a leading supplier of proppant in North America, with a capacity to produce around 30 million tons of sand annually.

May 2024

Covia Holdings LLC acquired the Industrial Minerals Division of R.W. Sidley, a leading manufacturer of high-quality silica sand products for industrial, sports, and filtration applications, to expand its existing product offerings.

April 2024

Apollo Global Management announced the acquisition of U.S. Silica Holdings for around USD 1.85 billion to expand its position in the minerals and mining sector. This is expected to favourably shape the sand market dynamics in the upcoming years.

January 2024

Covia Holdings LLC announced its decision to separate the energy and industrial markets to enable it to pursue different growth strategies to maximise its value in the long run.

Technological advancements

Technological innovations in sand mining and processing have reduced the environmental footprint of the mining industry, which is expected to bolster the sand market expansion in upcoming years.

Rising semiconductor production in Taiwan

Semiconductors are extensively used in producing PCs, tablets, smartwatches, and electronic devices. The burgeoning demand for consumer electronics items is expected to fuel semiconductor production, thereby leading to increased demand for sand.

Land reclamation projects

Countries like the UAE are undertaking land reclamation projects on a large scale, which is expected to have a favourable impact on sand market dynamics in upcoming years.

Increasing industrial demand for sand

Sand is used in a wide range of industrial applications, including hydraulic manufacturing, foundry casting, and glass manufacturing, among others.

Global Sand Market Trends

In 2021, Taiwan Semiconductor Manufacturing Co accounted for 54% of the total revenue share generated by its foundry (outsourcing semiconductor production) business. As per market analysis, Taiwan accounts for 60% of the world’s total semiconductor production. This is expected to increase the sand market value in the upcoming years since sand is extensively used in the production of silicon wafers.

Global Sand Industry Segmentation

The report titled “Global Sand Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by End Use

• Construction
• Glass Manufacturing
• Filtration
• Foundry
• Chemical Production
• Paints and coatings
• Ceramics and refractories
• Oil and gas
• Others

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Sand Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-32, the demand for sand in the Asia Pacific is expected to grow at a CAGR of 4.9%, thereby favourably shaping the sand market dynamics. This can be attributed to the rapid growth of infrastructure development and construction activities in the region, apart from the rising demand for semiconductors.

Leading Companies in the Global Sand Market

Major players are adopting advanced sand extraction and processing techniques to reduce their environmental footprint. This is expected to boost the sand market revenue.

JFE Mineral & Alloy Company,Ltd.

JFE Mineral & Alloy Company,Ltd. was founded in July 2004 and is headquartered in Tokyo, Japan. It is involved in mining, processing, and distributing mineral ores like limestone, dolomite, and silica.

Covia Holdings LLC

Covia Holdings LLC was founded in 2018 and is headquartered in Ohio, United States. It provides innovative material and mineral solutions for energy and industrial markets.

Badger Mining Corporation

Badger Mining Corporation was founded in 1949 and is headquartered in Berlin, Germany. It specialises in producing high-quality silica sand products for industrial applications.

Manley Bros. of Indiana, Inc.

Manley Bros. of Indiana, Inc. was founded in 1957 and is headquartered in Illinois, United States. It is a family-owned company focused on the extraction, processing, and transportation of sand and associated products.

Other players included in the sand market report are U.S. Silica Holdings, Inc., SCR-Sibelco NV, Quarzwerke GmbH, P U M Group, Euroquarz GmbH, and Tochu Corporation, among others.