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).
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.
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.
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
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
- 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