Quartz Market Key Growth Drivers and Current Industry Trends | Top Key Players like Caesarstone, Thermo Fisher Scientific, Sibelco

Quartz is a mineral form of SiO2 stable at low temperatures and pressures. It is found in igneous, sedimentary, metamorphic, and hydrothermal mineral environments, mainly in continental regions. It is highly resistant to mechanical and chemical weathering, and the high durability makes it the dominant mineral of mountaintops and the primary constituent of river, beach, and desert sand.

The Asia Pacific region held the largest market share in the global quartz market. The region is dominated by the presence of a number of quartz manufacturers such as Caesarstone, Hanwha L&C, Dupont Cosentino Group, among others, propels the quartz market growth. The rapid adoption of innovative and advanced technologies by these players in order to improve operational efficiency is expected to boost the APAC quartz market during the forecast period. Increasing industrial development coupled with rising government investments towards the automotive & electrical and electronics infrastructures is expected to fuel the quartz market in the upcoming years. Also, the increasing research and development investments for quartz production is estimated to boost the quartz market growth in the Asia-Pacific region. India, China, and Japan are the largest countries, contributing to the overall quartz market in the Asia-Pacific.

Download PDF sample copy of this report: https://www.theinsightpartners.com/sample/TIPRE00008087/​ 

In 2018, APAC held the largest share of the global quartz market. The largest market share of this region is primarily attributed to the presence of major quartz manufacturers in the region. Increasing demand for quartz from the electronics industry in developed and developing countries in the APAC countries such as China, Japan, South Korea, and India is propelling the growth of the quartz market in APAC. Furthermore, the well-established building and construction sector in the Asian countries provides a huge market opportunity for the key players operating in the quartz market. The quartz and quartz products produced in Asian countries, such as China and India, are mainly exported to the US, Germany, and France. This further provides a huge customer base for quartz products manufactured in APAC.

The market for global quartz is concentrated with some very well-established players. Some of the key players in the global quartz market are Baba Quartz, Quality Quartz Engineering, Momentive, Quartz Corporation, Creswick Quartz, Saint Gobain S.A., Dupont, Sibelco NV, Thermofisher Scientific, and Caesarstone Ltd. among others.

Quartz finds usage in a wide range of applications in industries such as electronics and semiconductor, solar, buildings and construction, medical, and optics and telecommunications. Quartz is naturally available in different varieties, shapes, transparencies, and colors, which further increase its value and application. Different types of colored quartz are considered semi-precious gemstones, and they are often used in jewelry and stone carving. Amethyst, ametrine, citrine, and opal are precious or semi-precious gemstones that are widely used in jewelry for their color and durability. On grounding quartz into quartz sands, it can be used in the production of fiberglass, and as an abrasive in sandblasting and stone-cutting. Pure quartz sand is extensively used in water purification systems. Small chips produced of quartz are used in watches, televisions, clocks, computers, and stereos as quartz when under pressure has the potential to produce an electric voltage that can control the frequencies of electric impulses.

On the basis of product, the global quartz market has been segmented into quartz surface and tile, high-purity quartz, quartz glass, quartz crystal, quartz sand, and others. Under the products segment, the quartz surface and tile market led to the global quartz market. Moreover, the high-purity quartz segment is anticipated to register the fastest CAGR over the projected period. High purity quartz (HPQ) has a negligible amount of impurities and is produced with more than 99% silicon dioxide. HPQ is used in industries such as semiconductor, solar, fiber optics, and lighting. High purity fused quartz is made from high purity quartz and offers a wide range of optical, mechanical, and thermal properties that are essential for manufacturing various high-tech products. Growing demand for high purity quartz from the semiconductor industry is the primary factor driving its demand globally. In the semiconductor industry, HPQ is used for applications such as in the production of tubes, crucibles, and rods.

Purchase this report: https://www.theinsightpartners.com/buy/TIPRE00008087/ 

GLOBAL QUARTZ MARKET SEGMENTATION

Global Quartz Market - By Product

• Quartz Surface and Tile
• High-Purity Quartz
• Quartz Glass
• Quartz Crystal
• Quartz Sand
• Others

Global Quartz Market - By End-User Industry

• Electronics and Semiconductor
• Solar
• Buildings and Construction
• Medical
• Optics and Telecommunication
• Others