Quartz Market 2020 Size, Growth, Demand And Regions Analysis: Quality Quartz Engineering, Momentive, Quartz Corporation, Creswick Quartz

The global quartz market accounted for US$ 8,037.0 Mn in 2018 and is expected to grow at a CAGR of 6.2% during the forecast period 2019 – 2027, to account to US$ 13,762.6 Mn by 2027.

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.

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Some of the major players in the quartz market include Baba Quartz, Quality Quartz Engineering, Momentive, Quartz Corporation, Creswick Quartz, Saint Gobain S.A., Dupont, Sibelco NV, Thermofisher Scientific, and Caesarstone Ltd. among others.

Quartz finds usage in a wide range of applications in industries such as electronics and semiconductor, solar, buildings and construction, medical, and optics and telecommunications. Quartz is naturally available in different varieties, shapes, transparencies, and colors, which further increase its value and application. Different types of colored quartz are considered semi-precious gemstones, and they are often used in jewelry and stone carving. Amethyst, ametrine, citrine, and opal are precious or semi-precious gemstones that are widely used in jewelry for their color and durability. On grounding quartz into quartz sands, it can be used in the production of fiberglass, and as an abrasive in sandblasting and stone-cutting. Pure quartz sand is extensively used in water purification systems. Small chips produced of quartz are used in watches, televisions, clocks, computers, and stereos as quartz when under pressure has the potential to produce an electric voltage that can control the frequencies of electric impulses.

Quartz is also used as a crystal oscillator or piezoelectric cell in many electronics products. Thus, wide applications in various end-use industries have impacted the Quartz market in North America. However, the electronics industry is a major contributor to the growth of the North America Quartz market. According to the Consumer Electronics Association, the average American household spent $1,380 over the past year on consumer electronics (CE), such as HDTVs, cell phones, video game systems, computers, portable music devices, and Blu-ray players. In addition, there is a recent trend of combining the various functionalities of more than one product into a single product and reducing the size of the final product with ease of functionalities. This has brought the adoption of advanced technologies in the electronics industry, propelling the growth of electronics-grade manufactured Quartz in North America significantly.

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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.

The global quartz market by geography is segmented into five regions, including North America, Europe, Asia Pacific, Middle East and Africa, and South America. The Asia Pacific region is expected to account for the largest share of the global quartz market in 2018, followed by Europe and North America.

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FAQ

Q.1. Mention some of the major players operating in the global quartz market?
Ans. The major players operating in the global quartz market, includes Baba Quartz, Quality Quartz Engineering, Momentive, Quartz Corporation, Creswick Quartz, Saint Gobain S.A., Dupont, Sibelco NV, Thermofisher Scientific, and Caesarstone Ltd among others.

Q.2 Which region has accounts to hold the largest share for the global quartz market?
Ans. The quartz was dominated by Asia Pacific at a global level.  The largest market share of this region is primarily attributed to the presence of major quartz manufacturers in the region. Increasing demand for quartz from the electronics industry in developed and developing countries in the APAC countries such as China, Japan, South Korea, and India is propelling the growth of the quartz market in APAC. Furthermore, the well-established building and construction sector in the Asian countries provides a huge market opportunity for the key players operating in the quartz market. The quartz and quartz products produced in the Asian countries, such as China and India, are mainly exported to the US, Germany, and France. This further provides a huge customer base for quartz products manufactured in APAC

Q.3. On the basis of end-user industry, metal quartz is expected to grow at a faster pace during the forecast period of 2019-2027, why?
Ans. Building and construction industry is expected to grow at a faster pace during the forecasted period. Increasing demand for quartz surfaces and tiles in residential and commercial sectors is projected to boost the demand for quartz from the building and construction industry. Moreover, quartz kitchen countertops are gaining popularity due to their durability and stain resistance properties. Due to the increasing popularity of quartz countertops, many American and European producers are innovating new products by mixing quartz material with different types of resin. Additionally, quartz is a cheaper alternative to natural stone, such as marble countertops and granite countertops. These factors are propelling the demand for quartz in the building and construction sector.

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Posted by on Thursday April 02 2020, 5:00 AM EDT. All trademarks acknowledged. Filed under Business Services. Comments and Trackbacks closed. Follow responses: RSS 2.0

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