General
The Asia Pacific silica sand market is primarily driven by the increasing utilization of silica sand in glass and foundry industries. There has been a rising demand for high purity silica sand for the production of photovoltaic (PV) panels and silicon-metal composite materials. Supported by the various initiatives undertaken by several governmental and non-governmental organizations (NGOs) to promote the use of solar energy, there has been a rising demand for the installation of glass-based PV modules in the region. This, coupled with the rapid development of solar infrastructures in the Asia Pacific region, is expected to provide an impetus to the market growth. Moreover, silica sand is widely utilized in the production of fiberglass, which is further employed as an essential component in the automotive industry. With the rising population growth in the region and the inflating per capita income levels of the masses, there has been a considerable rise in the sales of cost-efficient cars, which, in turn, is creating a positive outlook for the market. This is also supported by the escalating production of automobiles due to the presence of numerous key automotive players in the region.
