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.

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.

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

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

• Semiconductors
• Solar
• Optics
• Lightening
• Others

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)