Global High-Purity Quartz Market Analysis and Forecast, 2019-2028

Introduction

High-purity quartz is a critical raw material used in the production of semiconductors, solar panels, and various other high-tech applications. The demand for high-purity quartz has increased due to the growth of the semiconductor and solar industries.

The high-purity quartz market is expected to grow significantly in the coming years due to the increasing demand for high-purity quartz in various high-tech applications and the growth of the semiconductor and solar industries. Companies operating in the market are focusing on expanding their production capacities, strengthening their distribution networks, and increasing their presence in the market to increase their market share. Asia-Pacific is expected to be the largest market for high-purity quartz, followed by Europe.

Market Size

The global high-purity quartz market size was valued at USD 1.14 billion in 2020 and is expected to grow at a CAGR of 5.6% from 2021 to 2028. The increasing demand for high-purity quartz in various high-tech applications and the growth of the semiconductor and solar industries are driving the growth of the high-purity quartz market.

Market Segmentation

The high-purity quartz market can be segmented based on application, end-user industry, and region. Based on application, the market can be divided into semiconductors, solar panels, fiber optics, and others. Based on end-user industry, the market can be segmented into electronics, energy, and others.

Regional Analysis

The global high-purity quartz market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Asia-Pacific is expected to be the largest market for high-purity quartz, due to the presence of a large number of semiconductor and solar panel manufacturers in the region. Europe is also expected to be a significant market for high-purity quartz, due to the increasing demand for high-tech applications in the region.

Competitive Landscape

The high-purity quartz market is moderately competitive, with a large number of players operating in the market. Key players in the market include Quartz Corporation, The Quartz Corp, Unimin Corporation, Heraeus Holding GmbH, Sibelco, and others. These players are focusing on expanding their production capacities, strengthening their distribution networks, and increasing their presence in the market to increase their market share.