19-May-2022 | Facts and Factors
According to Facts and Factors, the global quartz market was valued at USD 8,535.5 million in 2021 and is predicted to increase at a CAGR of 6.9% to USD 11,947.91 million by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Quartz is used in a variety of industries, including electronics and semiconductors, photovoltaic, buildings and construction, medicinal, optics, and telecommunications. Quartz comes in a wide range of variations, shapes, transparencies, and hues, all of which add to its value and utility. Colored quartz is classified as a semi-precious gemstone and is frequently used in jewelry and stone carving. Amethyst, ametrine, citrine, and opal are valuable or semi-precious gemstones known for their color and durability. Acid, corrosion, high temperatures, impact, wear, compression, bending, and infiltration resistance are only a few of the advantages of synthetic quartz. As a result, it's widely employed in the semiconductor and electronics industries. Synthetic quartz is most found in optical components used in microlithography projection systems' wavelength lasers.
Browse the full “Quartz Market By Type (Engineered Quartz Stones, Quartz Sand, Quartz Pebbles, Quartz Crystals, Others (Quartz Glass and Fused Quartz Crucibles)), By End-Use Industry (Building & Construction, Medical, Semiconductor, Solar, Optical Fiber & Telecommunication), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast Report 2022 – 2028" report at https://www.fnfresearch.com/quartz-market
The quartz market's expansion is being stifled by its high cost. China is a major manufacturer of quartz, and various quartz goods are made in the country. All quartz materials imported from China now face tariffs. Furthermore, the US Commerce Department indicated that further tariffs on quartz will be applied as a result of an investigation into the illicit dumping of imported quartz into the US. As a result of this aspect, the cost of quartz is rising in numerous nations, limiting its use. This aspect is predicted to stifle market expansion.
By End-user industry, the market is divided into Building & Construction, Medical, Semiconductor, Solar, and Optical Fibre & Telecommunication. Building & Construction would grow at a significant rate. North America, Europe, Asia-Pacific, and LAMEA are the regions studied. The global quartz market is dominated by North America, with Asia-Pacific predicted to grow at the fastest CAGR during the forecast period.
In terms of type, quartz sand accounted for the greatest share of the high purity quartz market. Quartz sand is used in a variety of industries, including aerospace, electronics, machinery, information technology, petroleum, and more. Over time, the semiconductor industry has increased its demand for high purity quartz sand. There are no substitutes for high purity quartz sand in the semiconductor business, which is meant to ensure long-term market growth.
The Asia-Pacific region, including China, and India, is expected to dominate the Quartz market. The growing usage of quartz in numerous end-use industries in the Asia Pacific, such as building and construction, electronics and semiconductors, medical, and so on, presents prospective growth possibilities for quartz makers. The region's quartz demand is being fueled by a rising population, industrialization, a growing number of well-established market participants, and the use of quartz in the semiconductor industry.
Some of the primary factors contributing to the global market growth of quartz include increased residential and commercial buildings due to the rising population, advancements in the electronics sector, and expanding semiconductor industry. Manufacturers operating in developing countries such as India and China have significant potential. However, the quartz market's expansion is hampered by the material's high manufacturing and operational expenses.
Market Size in 2021
USD 8,535.5 Million
Projected Market Size in 2028
USD 11,947.91 Million
CAGR Growth Rate
Key Market Players
The Quartz Corporation, Quality Quartz Engineering, Saint Gobain Group, Murata Manufacturing Co., Ltd., Kyocera Corporation, TXC Corporation, Abrisa Technologies, Swift Glass Co., Inc., Industrial Quartz Corporation, Caesarstone Ltd., and Others
By Type, End-use Industry, and Region
Major Regions Covered
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa
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The report contains qualitative and quantitative research on the global quartz market and detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.
List of Key Players in the Global Quartz Market:
- The Quartz Corporation
- Quality Quartz Engineering
- Saint Gobain Group
- Murata Manufacturing Co. Ltd.
- Kyocera Corporation
- TXC Corporation
- Abrisa Technologies
- Swift Glass Co. Inc.
- Industrial Quartz Corporation
- Caesarstone Ltd.
The global quartz market is segmented as follows;
- Engineered Quartz Stones
- Quartz Sand
- Quartz Pebbles
- Quartz Crystals
- Others (Quartz Glass and Fused Quartz Crucibles)
By End-use Industry
- Building & Construction
- Optical Fiber & Telecommunication
- North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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