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.
High Purity Quartz Market Report Key Highlights
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.
Global High Purity Quartz Market Trends
Market Drivers
Market Restraints
Market Opportunities
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 |
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 Segmentation
The worldwide high purity quartz market segmentation is based on the application, and geography.
High Purity Quartz Market By Application
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
Europe
Asia-Pacific
Latin America
The Middle East & Africa
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.
The estimated value of global high purity quartz market in 2021 was accounted to be USD 901 Million.
The projected CAGR high purity quartz market during the analysis period of 2022 to 2030 is 5.8%.
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.
Asia-Pacific held the dominating high purity quartz during the analysis period of 2022 to 2030.
North America region exhibited fastest growing CAGR for high purity quartz during the analysis period of 2022 to 2030.
Growing application in the semiconductor industry and rising emphasis on the use of renewable energy drives the growth of global high purity quartz market.
Based on application, semiconductors segment is expected to hold the maximum share of the high purity quartz market.
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