Quartz Market Size, Share, and Analysis, By Product (Quartz Surface & Tile, High-Purity Quartz, Quartz Glass, Quartz Crystal, Quartz Sand, and Other), By End-User Industry (Electronics & Semiconductor, Solar, Buildings & Construction, Medical, Optics & Telecommunication, and Other) and Regional Forecasts, 2022-2032
The Quartz market size was USD 8.8 billion in 2021 and projected to grow from USD 10 billion in 2023 to USD 17.6 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period.
Quartz is one of the differed minerals found on the earth, and it produces many gemstone color types. Quartz crystal has several electronic uses and is used in weight measures, as oscillators in radios, watches, and in investigation of optics. Amethyst and citrine are the important pearl blend of Quartz. Quartz is also used for pounding glass, grating, and cutting delicate stones. Chalcedony depicts any type of Quartz which is available in small structure and is microcrystalline with several varieties used as gemstones, called Agate, Tiger's Eye, Carnelian, & Chrysoprase. Pure Quartz is colorless but due to the addition of impurities, wide color ranges of quartz are produced.
Quartz Market is expected to project a CAGR of 6.5% during the forecast period, 2022-2032
The global quartz market is expected to reach USD 17.6 billion at a CAGR of 6.5% during forecast period owing to several advantages synthetic quartz offers like corrosion, acid resistant, compression, high temperatures, bending, infiltration etc. It is also extensively used in electronics and semiconductor industry and in optical components for wavelength lasers of projection systems. Synthetic quartz is used to manufacture crucibles to produce semiconductor devices. Synthetic quartz is resistant to laser, suitable for high-power low-wavelength lasers. The optical components made of synthetic. Synthetic quartz is available easily in various industries, like electronics, construction, electrical and automotive sectors which will boost the demand for synthetic quartz market.
High-Purity Quartz segment is expected to grow with high CAGR during the forecast period
Quartz Market is classified based on the Product into Quartz Surface & Tile, High-Purity Quartz, Quartz Glass, Quartz Crystal, Quartz Sand, and Other. The high-purity quartz segment is expected to have the highest share during the forecast period owing to the high purity quartz which has minor impurity levels and has greater silicon dioxide about 99%. Rising demand for high purity quartz from various industries is driving the growth of market. High purity quartz is utilized as semiconductor, in fiber optics, solar etc. High purity quartz also produces high purity fused quartz and offer wide range of properties in optical, mechanical etc., essential for producing high-tech products and also in the production of rods, tubes and crucibles.
Electronics & Semiconductor segment is expected to grow in 2022-2032
Quartz Market is classified based on the on the End-User Industry into Electronics & Semiconductor, Solar, Buildings & Construction, Medical, Optics & Telecommunication, and Other. The Electronics & Semiconductor segment accounted for the largest share in and is expected to have the highest share during the forecast period in the global quartz market owing to the wide usage in electronic devices for stable performance. These are also used for growing silicon wafers, silicon metal semiconductors. Quartz is also used as a piezoelectric cell to produces electricity by application of stress.
Rising Demand of Quartz in Electronics Industry is Expected to Boost the Growth of the Market
The utilization of Quartz in electronics industry increased owing to the highly stability, performance resonators used in filters and oscillators. It possesses several properties in electronics industry, with melting point above 1700º C owing to the growing use in devices, like tablets, phones, laptops etc. Quartz crystal is used as an oscillator in several devices and to make frequency filters, controls, and timers in electronic circuits.
Increasing Technological Advancements is Expected to Boost the Market Growth
New digital technologies and communication technologies are expected to help the growth of market by developing new consumer electronic products. The production of global electronics is estimated to increased rapidly in the fore coming years and the demand for quartz is expected grow rapidly.
High Cost of Quartz May Restrain the Market Growth
Quartz is of high cost which is the main restriction for the quartz market to grow. China produces many quartz products and the tariffs for importing goods has been increased which will restrain the market growth.
(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Quartz Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Asia pacific dominated the market with highest share in 2021 owing to the countries in this region like China with presence of abundant construction activities and with several industrial and construction sectors which is expected to have major share in the market. The governments in few countries of this region are focusing firmly on expanding the construction sector for ensuring constant growth. Even by increasing the electronics manufacturing systems, the growth which is expected to increase the demand for quartz during the forecast period.
COVID-19 pandemic resulted in the halting of several supply chains across the globe in several industries worldwide, in turn, affecting the demand for quartz severely in the market. The use of solar power increased but this could not increase the quartz market growth. The governments impose strict lockdown measures which resulted in travel bans, restricted the material movements and several other restrictions. All the manufacturing and production industries had to be closed due to stringent norms application. COVID-19 pandemic impacted the global industries and affected all sectors. The Covid-19 pandemic had a negative impact on the Quartz Market.
Quartz Market is further segmented by region into:
Quartz Market Report Scope and Segmentation
Market size value in 2021
USD 8.8 billion
Revenue forecast in 2032
USD 17.6 billion
CAGR of 6.5% from 2022 to 2032
Base year for estimation
Revenue in USD billion and CAGR from 2022 to 2032
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Product, End use Industries and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled
Advanced Baba Quartz, Saint-Gobain, QQE, Momentive, Creswick Quartz, Quartz Corporation, Corian, Caeserstone, High Purity Quartz Pty Ltd., Thermofisher Scientific and Other Prominent Players
Quartz Market size was estimated at USD 8.8 billion in 2021 and is expected to reach USD 17.6 billion in 2032.
Quartz is one of the differed minerals found on the earth, and it produces many gemstone color types. Quartz crystal has several electronic uses and is used in weight measures, as oscillators in radios, watches, and in investigation of optics. Amethyst and citrine are the important pearl blend of Quartz. Quartz is also used for pounding glass, grating, and cutting delicate stones.
Electronics & Semiconductor and High Purity Quartz segment accounted for the largest Quartz market share.
Key players: Advanced Baba Quartz, Saint-Gobain, QQE, Momentive, Creswick Quartz, Quartz Corporation, Corian, Caeserstone, High Purity Quartz Pty Ltd., Thermofisher Scientific and Other Prominent Players are the key players in the Quartz Market.
Rising demand of Quartz and Increasing Technological Advancements are the factors driving the Quartz market.
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