The global quartz market size was around USD 6.1 billion in 2020 and is projected to register a CAGR of 5% during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for high-purity quartz in the semiconductor industry. Moreover, growing solar industry is expected to drive the market growth.
Quartz is available in numerous colors and produces various types of gemstones. It is used for various applications; for instance, sand, which is made from little quartz stones, is an essential element for assembling glass, while quartz rock crystal is utilized as oscillators in radios, watches, and weight measurement, and in the investigation of optics.
Quartz is also utilized in sandblasting, pounding glass, and cutting delicate stones. Furthermore, it is fundamentally used in the consumer electronics, as silicon is produced using quartz.
The report on the global quartz market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Quartz Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Types (Quartz Surface and Tile, High-purity Quartz, Fused Quartz Crucible, Quartz Glass, Quartz Crystal, Quartz Sand, Plastic Foam, Others), Application (Electronics and Semiconductor, Solar, Buildings and Construction, Medical, Optics and Telecommunication, Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Covia Holdings Corporation, The Quartz Corporation, Russian Quartz LLC, Jiangsu Pacific Quartz Co., Ltd, High Purity Quartz Pty Ltd, I-Minerals Inc, Creswick Quartz, and Nordic Mining ASA |
Quartz surface and tile to hold the dominant market share
Based on types, the market is segregated into quartz surface and tile, high-purity quartz, fused quartz crucible, quartz glass, quartz crystal, quartz sand, plastic foam, and others. The quartz surface and tile is anticipated to dominant the market share during the forecast period. Increasing use of quartz as a surface and tile is expected to drive the growth of the global market. Quartz has been increasingly preferred for creating building surfaces, kitchen countertops, and bathroom floors. Conversely, the high-purity quartz segment is projected to exhibit a high CAGR in the projected timeline.
Based on applications, the market is divided into electronics and semiconductor, solar, buildings and construction, medical, optics and telecommunication, and others. Increasing demand for quartz from the electronics and the semiconductor industry owing to rising usage of mobile phones, tablets, laptops, and desktops owing is driving the growth of the market segment.
Asia Pacific to exhibit a high CAGR
Based on regions, the market is divided into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is expected to expand at a high CAGR during the forecast period. Rapid growth in the electronics industry owing to low manufacturing costs in India and China is driving the growth of the market in the region. China is one of the leading producer of quartz and related products in the world.
Segments Covered in the Report
The global quartz market is segmented on the basis of:
Types
Application
Region
Key players
Some of the leading manufacturers in the global quartz market are Covia Holdings Corporation, The Quartz Corporation, Russian Quartz LLC, Jiangsu Pacific Quartz Co., Ltd, High Purity Quartz Pty Ltd, I-Minerals Inc, Creswick Quartz and Nordic Mining ASA.
Companies are engaging in partnerships with local manufacturers to expand their market share.
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