Quartz Market

Quartz Market Size

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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.

Market Highlights

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.

Quartz Market Segmentation:

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.

Market Dynamics:                                                    

Growth Drivers

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.

Restraint

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.

Recent Developments:

• In 2019, Golovach Quartz, a high-purity producer of quartz, launched new mechanism for widening its high purity quartz production. The company enhanced its existing product portfolio to gain a competitive edge in the market.
• In December 2022: Sibelco acquired Bassanetti Group to strengthen the company's positioning in South Europe.
• In March 2022: AGC Inc closed its businesses & operations in Ukraine and Russia due to the war in countries.

Quartz Market_Key Players Covered:

• Advanced Baba Quartz
• Saint-Gobain
• QQE
• Momentive
• Creswick Quartz
• Quartz Corporation
• Corian
• Caeserstone
• High Purity Quartz Pty Ltd.
• Thermofisher Scientific
• Other Prominent Players

(Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional 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.

Impact of Covid-19 on Quartz Market

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:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Quartz Market report also contains analysis on:

Quartz Market Segments:

• By Product
  • Quartz Surface & Tile
  • High-Purity Quartz
  • Quartz Glass
  • Quartz Crystal
  • Quartz Sand
  • Others
• By End-User Industry
  • Electronics & Semiconductor
  • Solar
  • Buildings & Construction
  • Medical
  • Optics & Telecommunication
  • Others
• Quartz Market Dynamics
• Quartz Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints

Quartz Market Report Scope and Segmentation

Frequently Asked Questions (FAQ):