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High Purity Quartz Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

Published : Nov 2022

Report ID: ARC1218

Pages : 250

Format : High Purity Quartz Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global High Purity Quartz Market Size accounted for USD 901 Million in 2021 and is estimated to achieve a market size of USD 1,469 Million by 2030 growing at a CAGR of 5.8% from 2022 to 2030. The extensive use of high-purity quartz in end-user industry verticals like semiconductors, solar, and lighting will cause significant growth in this high purity quartz market value. Furthermore, the requirement for high-speed broadband internet and higher network bandwidth, as well as the introduction of 5G infrastructure, has prompted optical fiber producers to invest in high pure quartz material, propelling the high purity quartz market growth.

Asia-Pacific high purity quartz market share accounted for over 43% of total market shares in 2021

High Purity Quartz Market Report Key Highlights

  • Global high purity quartz market revenue is estimated to expand by USD 1,469 million by 2030, with a 5.8% CAGR from 2022 to 2030.
  • Asia-Pacific high purity quartz market share accounted for over 43% of total market shares in 2021
  • North America high purity quartz market growth will observe highest CAGR from 2022 to 2030
  • Based on application, semiconductor segment accounted for over 36% of the overall market share in 2021
  • Among application, optical segment is expected to grow at a CAGR of 6.7% from 2022 to 2030
  • Increasing demand from the health-conscious population, drives the high purity quartz market size

High-purity quartz is utilized in a few habits in the assembling of c-Si cells and modules incorporated into cauldrons; in quartz glass for photovoltaic cells, tubes, and other hardware; and in silicon metal, which is the base material for all c-Si PV modules. HPQ is utilized in a wide range of quartz helping including automotive xenon, HID, halogen, and UPH lights. The glass utilized in incandescent lights must have superb optical transmission properties and the capacity to withstand extraordinary temperatures and warm stuns, without getting distorted. The tungsten fiber gleams at a temperature of 2500°C, just a couple of mm far from the glass wall. Just high-purity quartz glass can be utilized for this application.

North America high purity quartz market growth will observe highest CAGR from 2022 to 2030

Global High Purity Quartz Market Trends

Market Drivers

  • Growing application in the semiconductor industry
  • Widespread use in the electrical lighting business
  • Rising emphasis on the use of renewable energy

Market Restraints

  • High prices of the product
  • Raw material price volatility

Market Opportunities

  • Increasing resources invested in the creation of new technologies
  • Growing concentrating on enhancing existing thermal processing techniques

High Purity Quartz Market Report Coverage

Market High Purity Quartz Market
High Purity Quartz Market Size 2021 USD 901 Million
High Purity Quartz Market Forecast 2030 USD 1,469 Million
High Purity Quartz Market CAGR During 2022 - 2030 5.8%
High Purity Quartz Market Analysis Period 2018 - 2030
High Purity Quartz Market Base Year 2021
High Purity Quartz Market Forecast Data 2022 - 2030
Segments Covered By Application, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Nordic Mining ASA, Covia Holdings Corporation, Quartz Corporation, Creswick Quartz, Momentive Performance Materials Inc., Sibelco, Russian Quartz, Jiangsu Pacific Quartz Co., Ltd., I-Minerals Inc., and High Purity Quartz Pty Ltd
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
High Purity Quartz Market Dynamics

The rising utilization of new-age wafers in semiconductors is driving the high-purity quartz market growth. Solar-based is the second-biggest application portion of the worldwide high purity quartz market. High purity quartz is utilized basically for Czochralski cauldrons and for photovoltaic cells, tubes, and other equipment utilized in the photovoltaic business.

High Purity Quartz Market Insights

High purity quartz products are perfect for use in the semiconductor business, because of their predominant quality and excellent purity. High purity quartz is utilized in the semiconductor business to create pots and quartz glass products, for example, windows, poles, and tubes. High purity quartz is additionally utilized in the creation of silicon metal, which is the base for semiconductor wafers produced by utilizing the Czochralski procedure. Heartlands of the semiconductor generation are Japan, South Korea, Germany, and California. Quartz Corp, a U.S.- based organization, is proficient to supply HPQ in these areas because of a vital area of its workplaces in the U.S. also, Europe, and a solid group of offers and promotions in Asia.

High-purity quartz empowers portions of a semiconductor to withstand extraordinary temperatures of wafer processing. The rising utilization of new-age wafers in semiconductors is driving the demand for high purity quartz. Semiconductors are for the most part utilized in the gadgets business. It is the most favored material for decisions to upgrade the execution of products. This, thusly, would fuel the utilization of high-purity quartz in the semiconductor business in the following couple of years.

High Purity Quartz Market Growth 2022 - 2030

High Purity Quartz Market Segmentation                     

The worldwide high purity quartz market segmentation is based on the application, and geography.

High Purity Quartz Market By Application

  • Semiconductors
  • Solar
  • Optics
  • Lightening
  • Others

Among application, optical segment is expected to grow at a CAGR of 6.7% from 2022 to 2030

According to high purity quartz industry analysis, the semiconductors application segment leads the market in 2021. Due to its higher quality and purity, high purity quartz is rapidly being employed in the semiconductor sector. High purity quartz allows semiconductor components to endure the high temperatures of wafer manufacturing. The increased use of next-generation wafers in semiconductors is pushing the demand for high purity quartz.

Furthermore, according to the high purity quartz market forecast, the optical segment is predicted to rise significantly in the approaching years. As internet connectivity spreads more widely and there is more demand to retain high-speed internet broadband capacity, companies are resorting to optical fibers to increase speed.

High Purity Quartz Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Increasing demand from the health-conscious population, drives the high purity quartz market size

Asia-Pacific Holds The Largest Share Of The Global High Purity Quartz Market

As far as both revenue and volume, Asia-Pacific dominated the worldwide high purity quartz market in 2021. Expanding number of solar-powered plants and fabrication plants in the region drives the market in Asia Pacific. China and Japan hold a noteworthy offer of the Asia Pacific market, inferable from the nearness of a promising semiconductor industry in these nations. Key players lean toward putting resources into the Asia Pacific, as the region's presence of natural reserves, for example, mineral stores, and plentiful accessibility of work.

North America is another noteworthy shopper of high purity quartz, with the presence of a substantial number of players, high-purity deposits, and assembling and manufacturing offices in the area. The Quartz Corp is a noteworthy provider of high purity quartz sand from locales in Spruce Pine (the U.S.), which is the source of the world's most flawless quartz, and Drag (NO).

High Purity Quartz Market Players

Some of the top high purity quartz market companies offered in the professional report include Nordic Mining ASA, Covia Holdings Corporation, Quartz Corporation, Creswick Quartz, Momentive Performance Materials Inc., Sibelco, Russian Quartz, Jiangsu Pacific Quartz Co., Ltd., I-Minerals Inc., and High Purity Quartz Pty Ltd.High Purity Quartz Market Regional Analysis

Frequently Asked Questions

What is the size of global high purity quartz market in 2021?

The estimated value of global high purity quartz market in 2021 was accounted to be USD 901 Million.

What is the CAGR of global high purity quartz market during forecast period of 2022 to 2030?

The projected CAGR high purity quartz market during the analysis period of 2022 to 2030 is 5.8%.

Which are the key players operating in the market?

The prominent players of the global high purity quartz market are Nordic Mining ASA, Covia Holdings Corporation, Quartz Corporation, Creswick Quartz, Momentive Performance Materials Inc., Sibelco, Russian Quartz, Jiangsu Pacific Quartz Co., Ltd., I-Minerals Inc., and High Purity Quartz Pty Ltd.

Which region held the dominating position in the global high purity quartz market?

Asia-Pacific held the dominating high purity quartz during the analysis period of 2022 to 2030.

Which region registered the fastest growing CAGR for the forecast period of 2022 to 2030?

North America region exhibited fastest growing CAGR for high purity quartz during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global high purity quartz market?

Growing application in the semiconductor industry and rising emphasis on the use of renewable energy drives the growth of global high purity quartz market.

By application segment, which sub-segment held the maximum share?

Based on application, semiconductors segment is expected to hold the maximum share of the high purity quartz market.

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