Quartz Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

Quartz refers to a mineral consisting of silicon dioxide, and is available in colorless, transparent, or colored hexagonal crystals or in crystalline masses. Quartz is extracted from open-pit mines. These are the minerals that are used as abrasives, foundry sand, hydraulic fracturing proppant, and gemstones.

Jul 26, 2024 - 10:45

Quartz Market : Technology Advancements, Industry Insights, Trends And Forecast 2033

Overview and Scope
Quartz refers to a mineral consisting of silicon dioxide, and is available in colorless, transparent, or colored hexagonal crystals or in crystalline masses. Quartz is extracted from open-pit mines. These are the minerals that are used as abrasives, foundry sand, hydraulic fracturing proppant, and gemstones.

Sizing and Forecast
The quartz market size has grown strongly in recent years. It will grow from $9.01 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to electronics industry growth, urbanization and construction, industrial applications, healthcare and medical uses, demand from aerospace and defense.

The quartz market size is expected to see strong growth in the next few years. It will grow to $13.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to environmental sustainability, global supply chain dynamics, shifts in consumer preferences, military and aerospace needs, healthcare and biotechnology expansion. Major trends in the forecast period include rise in luxury market demand, resilience in supply chain, artificial intelligence in processing, smart home integration, health and wellness applications.

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The quartz market covered in this report is segmented –

1) By Type: Engineered Quartz Stones, Quartz Sand, Quartz Pebbles, Quartz Crystals, Other Types
2) By Grade: High-Purity Quartz, Grade I, Grade II, Grad III
3) By End User: Electronics and Semiconductors, Solar, Building and Construction, Metallurgy, Optics and Telecommunication, Other End Users

Asia-Pacific was the largest region in the quartz market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the quartz market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
An increase in demand for semiconductors is expected to propel the growth of the quartz market going forward. In the semiconductor sector, quartz plates and discs are required to manufacture boats, pedestals, wafers, wafer carriers, and batch processing equipment. Quartz, such as high purity quartz, is used in the semiconductor industry to produce crucibles and quartz glass products such as windows, rods, and tubes. For instance, according to the Semiconductor Industry Association (SIA), a US-based semiconductor industry, global semiconductor sales totaled $48.8 billion in October 2021, up 24.0 % from $39.4 billion in October 2020 and 1.1% higher than October 2021. Therefore, the increase in demand for semiconductors is driving the growth of the quartz market.

Key Industry Players
Major companies operating in the quartz market report are Heraeus Holding, Kyocera Corporation, Murata Manufacturing Co Ltd., DuPont de Nemours Inc., Ferroglobe, Cosentino Group, Sibelco Quartz Corporation, Covia Holdings LLC, Jiangsu Pacific Quartz Co Ltd., Cambria, Caesarstone Ltd., Goodfellow Corp, NIHON DEMPA KOGYO Co LTD., CR Lawrence, Compac, MS Industries, Bitto(Dongguan), Kleen Industrial Services, Abrisa Technologies, Quality Quartz Engineering, American Elements, Baba Quartz, Ron Coleman Mining, Creswick Quartz, Donghai Colorful Mineral Products, ULTRA HPQ, Diresco, Alicante Surfaces Pvt Ltd, Belenco, HanStone Quartz, Wonic QnC Corporation, Xinyi MingwangQuartz Sand, Momentive Technologies, INASCO Inc., AGC Inc., Quartz Corp, Russian Quartz LLC, Saint Gobain Group, N.T. Ruddock Co, Pegasus Glass, Technistone, Swift Glass Company, Elkem ASA, Thermo Fisher Scientific, Noah Chemicals, Australian Silica Quartz Group Ltd.

The quartz market report table of contents includes:

1. Executive Summary

2. Quartz Market Characteristics

3. Quartz Market Trends And Strategies

4. Quartz Market - Macro Economic Scenario

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32. Global Quartz Market Competitive Benchmarking

33. Global Quartz Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Quartz Market

35. Quartz Market Future Outlook and Potential Analysis

36. Appendix

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