High purity quartz is important industrial materials used across high-end electronics applications such as semiconductors, lighting, and photovoltaic (PV) solar panels. It is used to produce glass that has excellent optical transmission properties and the ability to withstand extremely high temperatures and warm stuns. Moreover, quartz is also used in the manufacturing of photovoltaic cells, silicon metal, and halogens. Furthermore, high purity quartz is also used in the manufacturing of fiber optics.
The global high purity quartz market is projected to reach around US$ 1,331.0 million by the end of 2027, in terms of revenue, growing at CAGR of 8.5% during the forecast period (2020-2027).
Drivers:
Growing demand for semiconductor IC’s due to penetration of the internet of things is expected to accelerate the market growth of high purity quartz. HPQ glass crucible is widely used to produce metallic semiconductor grade Si. The growth of the high purity quartz market is also attributed to the rising production of semiconductor IC's products.
Growth in the telecommunication and optical fibers industry is projected to foster the market growth of high purity quartz. The rising demand for a high bandwidth network coupled with the increasing penetration of the internet around the globe is anticipated to fuel the market growth of high purity quartz.
Figure 1. Global High Purity Quartz Market Share (%) in terms of Value, By Region, in 2019
Asia Pacific region dominated the global high purity quartz market in 2019, accounting for 58.7% share in terms of value, followed by Europe and North America, respectively.
Market Restraints
Lack of technical experts is acting as challenges for technological advancement in high purity quartz processing techniques. Moreover, only a few industrial laboratories are able to provide a technological solution. This factor is expected to hinder the market growth of high purity quartz over the forecast period.
Market Opportunities
Rising demand for high purity quartz is an important ingredient in the manufacturing of Si metal is expected to provide potential growth opportunities. Manufacturing of Si metal has a wide range of industrial applications such as semiconductors to produce poly-silicon. Moreover, emerging new and niche application area due to its excellent chemical and physical resistance of high purity quartz is also anticipated to propel the market growth of high purity quartz.
Rapid urbanization and industrialization around the globe coupled with the increasing per capita income of the consumers are propelling demand for advanced electronic products. Moreover, rising awareness regarding the benefits of high purity quartz as an industrial product across the developing region is further anticipated to accelerate market growth.
Figure 2. Global High Purity Quartz Market– Opportunity Analysis
Market Trends
Rising demand for silica gel around the globe is expected to fuel the market growth high purity quartz. For instance, in February 2020, Thermo Fisher Scientific Baltics, a US-owned Lithuanian producer of medical and scientific equipment, has announced to expand its product range by launching the production of high-purity silica gel. Thus, the rising demand for silica gel will favor market growth.
Figure 3. Global High Purity Quartz Market Share (%) in terms of Value, By Application, in 2019
On the basis of application in 2019, the semiconductor segment has accounted the largest market share of 52.1% in terms of value
Competitive Section:
Company Names
Established Players
- Unimin Corp./Sibelco
- The Quartz Corp.
- Russian Quartz LLC – Kyshtym Mining - Sumitomo
Other Small Players
- Jiangsu Pacific Quartz Co.
Potential Upcoming Players
- Nordic Mining
- High Purity Quartz Pty Ltd
High purity quartz is important industrial materials used across high-end electronics applications such as semiconductors, lighting, and photovoltaic (PV) solar panels. It is used to produce glass that has excellent optical transmission properties and the ability to withstand extremely high temperatures and warm stuns. Moreover, quartz is also used in the manufacturing of photovoltaic cells, silicon metal, and halogens. Furthermore, high purity quartz is also used in the manufacturing of fiber optics.
Market Dynamics
Rising environmental concern has raised the demand for renewable source of energy which is further expected to fuel the demand for high purity quartz over the forecast period. Moreover, growing demand for kitchen appliances where quartz is in kitchen countertops is further expected to accelerate the market growth. Moreover, growth in the construction industry is also expected to raise demand for quartz, thus fueling market growth of high purity quartz
The growing use of quartz across surface and tile applications is projected to stimulate market growth over the forecast period. Quartz is also gaining huge demand across the medical industry in the manufacturing imaging devices and sharp cutting medical tools is further anticipated to augment the market growth
Small and medium-sized mining industries in the quartz areas are reluctant to enter the high purity quartz market due to the complex structure of the high purity quartz market. Therefore, the complex structure of the high purity quartz market is projected to hinder the market growth over the forecast period.
Key features of the study:
- This report provides in-depth analysis of the global high purity quartz market and provides market size (US$ Million & Tons) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global high purity quartz market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Unimin Corp./Sibelco, The Quartz Corp., Russian Quartz LLC – Kyshtym Mining – Sumitomo, Jiangsu Pacific Quartz Co., Nordic Mining, and High Purity Quartz Pty Ltd
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
- The global high purity quartz market report caters to various stakeholders in this industry including investors, suppliers, high purity quartz manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the high purity quartz market
Detailed Segmentation:
- Global High Purity Quartz Market, By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- Global High Purity Quartz Market, By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Global High Purity Quartz Market, By Region:
- North America
- U.S.
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Canada
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Europe
- U.K.
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Germany
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- France
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Italy
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Spain
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Russia
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Rest of Europe
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Asia Pacific
- China
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- India
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Japan
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- ASEAN
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Australia
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- South Korea
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Rest of Asia Pacific
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Latin America
- Brazil
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Mexico
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Rest of Latin America
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Middle East
- GCC
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Israel
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Rest of Middle East
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Africa
-
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Central Africa
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- South Africa
- By Product Type:
- HPQ Powder
- Grade I
- Grade II
- Grade III
- By Application:
- Semiconductor
- Solar
- Lighting
- Telecom & Optics
- Microelectronics
- Others
- Company Profiles
- Unimin Corp./Sibelco *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- The Quartz Corp.
- Russian Quartz LLC – Kyshtym Mining - Sumitomo
- Jiangsu Pacific Quartz Co.
- Nordic Mining
- High Purity Quartz Pty Ltd
“*” marked represents similar segmentation in other categories in the respective section.
