Polymeric Sand Market Share

North American Market Forecast

The North America polymeric sand market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037. The growth of the market can be attributed majorly to the rapid expansion of construction industry, backed by the presence of leading market key players in the region and growing demand for new buildings for residential and commercial uses by the regional population. In U.S. economy, construction industry has more than 745,000 employers and over 7.6 million employees. Moreover, there has been an increase in the concept of smart cities in countries such as Canada, and U.S, that is anticipated to boost the market’s growth in the region. Further, the burgeoning population in North America is expected to increase the demand for building construction. Furthermore, such increased construction processes are expected to increase the adoption rate of polymeric sand in the assessment period. The total U.S. spending on construction was amounted to be USD 1.3 trillion in 2019. Further, in the same period, the U.S. private, public and commercial sector construction was totaled USD 977 billion, USD 329 billion and USD 29 billion. Additionally, the government of the United States is observed to be spending a high amount of capital in the road construction for better transportation. For instance, the total highway and street construction value is projected to hit approximately USD 150 billion by 2026 in the United States. Hence, all these factors are expected to expand the market size during the forecast period.