Private exploration specialist firm Allup Sand Pty Ltd confirmed there is a global shortage of silica sand, owing to a number of export bans and the increased demand for sourced sand which is both environmentally and socially responsible.
Asia-Pacific growth is tipped to be higher than global growth and is expected to be around 5-6% per year.Ongoing economic and infrastructure development in the Asia-Pacific region will drive this growth.
According to Allup Sand’s market assessment:
- The Asia-Pacific region is expected to remain the largest regional consumer of industrial sand through to 2025, supported by the dominant Chinese market
- Asian markets are said to produce in excess of 75% of speciality glass products, including thin film transistor glass used in modern plasma and LCD technologies and solar products
- In addition to China, the industrial markets in Japan, South Korea, Taiwan, Vietnam, Indonesia, and The Philippines
remain strong
have a look what Queensland is doing . come on WA . management better be holdeling
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