Uttar Pradesh News Desk

Quartz Market Size to Surpass USD 13762.6 Mn by 2027

 Breaking News
  • No posts were found

Quartz Market Size to Surpass USD 13762.6 Mn by 2027

December 04
08:25 2021
Quartz Market to Grow at a CAGR of 6.2% to reach US$ 13,762.6 Mn Million from 2019 to 2027

Latest market study on “Global Quartz Market to 2027 – Analysis and Forecasts Product; End-User Industry, and Geography”, The global quartz market was valued at US$ 8,037.0 Mn in 2018 and is projected to be worth US$ 13,762.6 Mn by 2027; it is expected to grow at a CAGR of 6.2% during the forecast period.  The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 8,037.0 Million in 2018

Market Size Value by

US$ 13,762.6 Million by 2027

Growth rate

CAGR of 6.2% from 2019-2027

Forecast Period

2019-2027

Base Year

2019

No. of Pages

157

No. Tables

61

No. of Charts & Figures

70

Historical data available

Yes

Segments covered

Product ; End-User Industry , and Geography

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Quartz Market at https://www.theinsightpartners.com/sample/TIPRE00008087/

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.

Abundant availability and wide range applications of quartz is expected to escalate the quartz market at a CAGR of 6.2%

In 2018, the electronics and semiconductor segment led the quartz market with a share of 27.5% and is expected to continue its dominance during the forecast period. The physical properties of quartz such as hardness, chemical purity, resistance to high temperatures and corrosion, and electrical insulation make it an ideal component in the manufacture of semiconductors. High purity quartz (HPQ) is widely used in consumer goods such as TVs, ACs, laptops, smartphones, and others. It is treated as an integral component in the solar and semiconductor industry. Thus the increasing utilization of quartz in these industries is anticipated to drive the market during the forecast period.

Impact of COVID-19 on Quartz Market:

The COVID-19 pandemic originated in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. The US, Brazil, India, Russia, Italy, China, Spain, France, and Germany are among the worst-affected countries in terms of confirmed cases and reported deaths as of June 2020. The pandemic has affected conomies and industries due to enforced lockdowns, travel bans, and business shutdowns. Chemical and materials is one of the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. The global economic break down due to COVID-19 is also affecting the growth of the Quartz Market growth due to shutting down of factories and obstacles in supply chain.

Download the Latest COVID-19 Analysis on Quartz Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPRE00008087/

Quartz Market: By Product

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.

Quartz Market: Competitive Landscape and Key Developments

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.

Order a Copy of Quartz Market Shares, Strategies and Forecasts 2019-2027 Research Report at https://www.theinsightpartners.com/buy/TIPRE00008087/

Mergers and acquisitions were observed as the most adopted strategies in the global quartz market. Few of the recent developments in the global quartz market are listed below:

2019:

Saint Gobain SA conducted R&D for new possible applications.

2017:

Quality Quartz Engineering has been selected to deliver design development work on a load-bearing quartz rod integral to the energy supply of the world’s largest fusion reactor.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

More Research: https://energysiren.co.ke/author/theinsightpartners/ 

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: http://www.theinsightpartners.com/pr/quartz-market

Related Articles