According to a new market report published by Lucintel, the future of the quartz market looks promising with opportunities in the electronics and semiconductor, solar, buildings and construction, optics and telecommunication, and metallurgy industries. The global quartz market is expected to reach an estimated $9 billion by 2027 with a CAGR of 4.9% from 2021 to 2027. The major drivers for this market are increasing demand for quartz in semiconductor and electronics industry and surging demand for solar photovoltaic/PV cells.
In this market, quartz sand, quartz surface and tile, high purity quartz, quartz crystal, and silicon metal are the major product types used in various applications. Lucintel forecast that high-purity quartz market is expected to witness the highest growth over the forecast period. Increasing demand for quartz in the manufacturing for crucible which is used in the casting of silicon for photovoltaics cell and semiconductor industry is driving the demand for high purity quartz market.
Within the quartz market, buildings and construction will remain the largest end use industry over the forecast period due to increasing residential and commercial construction activities in emerging economies. Growing building and construction industry is driving the demand for quartz in manufacturing for flat glass, container glass, glass wool, and specialty glass.
APAC will remain the largest region during the forecast period due to the growth in building and construction industry, increasing semiconductor manufacturing industry, and expansion of solar projects.
Emerging trends, which have a direct impact of the dynamics of the quartz industry, include increasing adoption of quartz countertop and increasing demand for quartz in microelectronics applications. Quality Quartz Engineering, Inc., The Quartz Corporation, Sibelco (Unimin Corporation), Momentive Performance Material, Saint-Gobain, Jiangsu Pacific Quartz Co., Nordic Mining, AGC, Russian Quartz, and many others.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global quartz market by product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Quartz Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global quartz market by product type, end use industry, and region as follows:
By Product Type [Value ($M) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
Quartz Sand
Quartz Surface and Tile
High-Purity Quartz
Fused Quartz Crucible
Quartz Glass
Quartz Crystal
Silicon Metal
Others
By End Use Industry [Value ($M) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
Electronics and Semiconductors
Solar
Building and Construction
Metallurgy
Optics and Telecommunication
Others
By Region [Value ($M) and Volume (Kilotons) shipment analysis for 2016 – 2027]:
Germany
United Kingdom
France
Italy
China
Japan
India
South Korea
This 205-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link www.lucintel.com/quartz-market.aspx helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global quartz market by end use industry (electronics and semiconductors, solar, building and construction, metallurgy, optics and telecommunication, and others), product type (quartz sand, quartz surface and tile, high-purity quartz, quartz crystal, silicon metal, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?