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High Purity Quartz Sand Market To Hold a High Potential for Growth by 2018 to 2027

08-09-2018 09:41 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

High Purity Quartz Sand Market To Hold a High Potential for Growth

Pervasiveness of IoT and AI: The Dawn of Next-Gen Applications for High Purity Quartz Sand

Rising adoption of IoT and AI technology has led to the significant growth of the electronics industry. IoT and AI technologies solely rely on electronic components such as semiconductors, optical fibers, and solar cells. These electronic components utilize high purity quartz sand due to its important intrinsic properties. Further, it is also used in the manufacturing of high-end lightings.

Although quartz is one of the most abundant mineral present on the Earth, very few naturally present deposits with 99.995% of SiO2 are considered as high purity quartz (HPQ). The constitution of remaining 0.005% is an important aspect that concerns the manufacturers as well as end-users equally. As the purity standards set by the International Ophthalmic Technology Association (IOTA) is a high benchmark to meet, there are only a handful of manufacturers operational in the global market that include Unimin Corporation, The Quartz Corp, Russian Quartz LLC (Kyshtym Mining), HPQ Silicon Resources Inc., Nordic Mining ASA, High Purity Quartz Pty Ltd, and Jiangsu Pacific Quartz Products Co., Ltd.

Semiconductor Industry’s 22% Y-0-Y Growth: A Positive Indicator for High Purity Quartz Sand Manufacturers

According to the Semiconductor Industry Association (SIA), global sales of semiconductors reached US$ 37.1 billion in 2017, representing 21.9% increase than the previous year. This growth can be attributed to high demand from memory products. However, combined demand form all other domains also reported a substantial growth in terms of semiconductor utilization. High purity quartz sand is an essential raw material for production of silicon metal oxide wafers used in the semiconductors. Extensive growth of the semiconductor industry is likely to boost the growth of the global high purity quartz sand market.

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Applications in Solar Cell Production and Optical Communications Can Open Up New Growth Opportunities for Manufacturers

The solar industry has witnessed significant growth in past decades as dependence for energy is shifting from conventional energy resources to sustainable resources. Government initiatives to establish solar energy platforms, international initiatives such as Paris Climate Change Agreement and Sustainable Development Goals, and ongoing R&D activities to further exploit the solar energy has increased the use of photovoltaic cells or solar cells. High purity quartz sand is used in the production of these solar cells. Due to this, the demand for high purity quartz sand in the solar industry is expected to grow during the forecast period.

Technology advances and increased deployment of novel communication technologies have increased the demand for optical fibers in past few decades. Optical fibers find application in telecommunication industry to transmit signals, internet communication, and cable television signals. Leading telecommunication companies have entered in a competition to develop large-scale data centers and attract the emerging cloud services market and consumers. As optical fibers made from high purity quartz sand are highly utilized in the optical communication industry, they are likely to seek after in the future.

Steep Demand Leads to Search New Resources and Effective Processing Method

High purity quartz is obtained from natural resources of high purity raw quartz. Although quartz is one of the most abundant mineral present on Earth, resources of high purity raw quartz are limited. Owing to the excessive demand for high purity quartz in end-user industries, efforts to find new locations of high purity raw quartz have been initiated worldwide. Further, manufacturers are developing improved processing methods to enhance purity levels of quartz during processing steps.

One such project is underway by a Canadian manufacturer Pyrogenesis Canada Inc. The company has recently announced Gen 2 results of the ongoing project named PUREVAPTM Quartz Reduction Reactor test. The project is aimed at enhancing the commercial scalability of an existing method of PUREVAP® QRR. The attraction of the process is that it has potential to effectively produce silicon metal to be used in solar cells as well as high-tech semiconductors.

In conclusion, above-stated trends are discussed thoroughly in the report to provide a comprehensive scenario of the global high purity quartz sand market

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This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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