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Quartz Market Expected to Reach USD 10.55 Billion by 2032 | Growing at a CAGR of 4.5%

Market Research Future (MRFR) has published the latest research report on the “Global Quartz Market” that contains information from 2018 to 2032. The Quartz market is estimated to register a CAGR of 4.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Quartz market— Jiangsu Pacific Quartz Co. Ltd, Sibelco, Quartz Corporation, NIHON DEMPA KOGYO CO., LTD., and AGC Inc.


Quartz Market Highlights


The global Quartz market is accounted to register a CAGR of 4.50% during the forecast period and is estimated to reach USD 10.55 billion by 2032.


The quartz market is primarily driven by its integral role in the electronics and semiconductor industry. As the demand for advanced electronic devices continues to surge with the rapid evolution of technologies such as 5G, artificial intelligence, and the Internet of Things (IoT), the need for high-quality quartz remains pivotal. Quartz, especially in the form of high-purity crystalline silicon dioxide, is indispensable in semiconductor manufacturing, serving as a crucial component for silicon wafers. Its exceptional thermal stability, electrical insulating properties, and resistance to high temperatures make it an ideal material for the intricate processes involved in semiconductor fabrication. The expanding global electronics market, coupled with the increasing complexity and miniaturization of electronic components, ensures that quartz remains a key driver in advancing technological innovations across various industries.


Segment Analysis


The global Quartz market has been segmented based on Type and End-User Industry


Based on Type, the global Quartz market has been segmented into High-purity Quartz (Quartz Surface and Tile, Fused Quartz Crucible, Quartz Glass), Quartz Crystal, and Silicon Metal. The High-purity Quartz segment was expected to hold the largest market share in 2022. This is due to its crucial involvement in the electronics and semiconductor sectors, where high-purity quartz stands out for its exceptional purity, featuring minimal impurity levels. This purity is essential in semiconductor and electronic component manufacturing processes.


Based on End-User Industry, the global Quartz market has been segmented into Electronics and Semiconductor Solar, Buildings and Construction, Optical fiber and Telecommunication, Automotive, and Other End-user Industries. The Electronics and Semiconductor Solar segment was expected to hold the largest market share in 2022. This is credited to the rising integration of electronic components across diverse applications, combined with advancements in semiconductor technologies. These factors notably drive the demand for quartz.


Regional Analysis


The global Quartz market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America consists of the US and Canada. The Europe Quartz market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Quartz market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Quartz market comprises of Middle East, Africa, and Latin America.


The largest market share for Quartz was maintained by the North American regional sector. North America, especially the United States, stands as a global pioneer in technological innovation and hosts a substantial segment of the semiconductor industry. Silicon Valley in California is renowned for housing technology giants and semiconductor manufacturers, fueled by continuous investments in research and development. This commitment fosters an environment of innovation, propelling advancements in electronics and semiconductors. With major players and a thriving ecosystem of startups and research institutions, North America emerges as a crucial market for quartz. The region's emphasis on technological leadership, coupled with the demand for high-purity quartz in semiconductor fabrication, solidifies North America's dominance in the quartz market.


Moreover, the Europe market has been persistently growing over the forecast period due to its advanced manufacturing capabilities and a thriving construction sector. Precision engineering and high-quality manufacturing processes in European countries drive the demand for quartz across various applications. The construction industry, notably in Germany and the United Kingdom, witnesses a steady rise in quartz usage for countertops and interior design elements. Europe's dedication to sustainable and energy-efficient construction practices further propels the adoption of quartz materials.


Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period driven by rapid industrialization and a flourishing electronics market. Key players like China, Japan, South Korea, and Taiwan play pivotal roles in semiconductor manufacturing and electronics production. The region's growing middle-class population, coupled with increasing urbanization, fuels substantial demand for electronic devices, appliances, and construction materials. Consequently, the demand for quartz remains consistently high in applications such as semiconductor production and quartz countertops. Asia-Pacific's status as a global manufacturing hub, combined with its consumer-driven market, cements its dominance in the quartz industry.


Furthermore, the rest of the world's Quartz market is divided into the Middle East, Africa, and Latin America. The region's emerging economies and natural resource potential position it as a noteworthy player in the global quartz market.


Key Findings of the Study



  • The global Quartz market is expected to reach USD 10.55 billion by 2032, at a CAGR of 4.50% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market due growing middle-class population, coupled with increasing urbanization, which fuels substantial demand for electronic devices, appliances, and construction materials

  • Based on Type, the high-purity quartz segment was attributed to holding the largest market in 2022, with approximately more than half of the market share.

  • Jiangsu Pacific Quartz Co. Ltd, Sibelco, Quartz Corporation, NIHON DEMPA KOGYO CO., LTD., and AGC Inc.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Quartz Market Size

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Pages 128
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