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Fused Silica Market Outlook 2019-2029: Recent Trends, Key Drivers, Major Challenges

09-12-2019 10:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Fused Silica Market Outlook 2019-2029: Recent Trends, Key

Fact.MR recently published a market study on the global Fused Silica Market. The study provides detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the Fused Silica Market structure. It also presents exclusive information about how the Fused Silica Market will grow during the forecast period of 2019-2029.

Fused Silica Market Introduction

Fused silica, also known as silicon dioxide or silica glass refers to a type of glass that is different from the traditional glass in terms of silica purity. Fused silica is produced from crystalline silica such as sand or rock crystal with no ingredients unlike other glasses that are composed of multiple ingredients to reduce their melting temperature. As a consequence, fused silica has a comparatively higher temperature tolerance. Furthermore, fused silica offers a wide range of beneficial properties such as permeability, hardness, corrosion resistance, electrical insulation, low thermal expansion and resistance to thermal shocks among others. These properties make fused silica highly applicable in semiconductor manufacturing industries for quartz wafer processing and for the production of synthetic quartz photomasks. Under the refractory application, fused silica is used for the production of various shapes such as shrouds, trays, and crucibles among others.

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Fused Silica Market Drivers

The factors that are resulting in the growth of global fused silica market include economic restructuring and industrial development across the geographies. The demand for fused silica is further boosted with the growing demand of photovoltaic, high-end electric light sources and electronic information industries which consume prominent shares of the global fused silica market volume.

Growing demand for products made from high temperature resistant ingredients has created a significant increase in the demand for fused silica across the geographies. Owing to the accelerating growth in electronic component output, the growth in electricals and electronics industry has been noteworthy over the past years. This is expected to create a significant demand for fused silica as the electricals and electronics industry uses fused silica for the production of semiconductors and hence, drive the growth of the global fused silica market.

Fused Silica Market Restraints

One of the key restraint acting against the growth of the global fused silica market is the high production cost. In order to produce high purity fused silica, high quality raw material is required. Besides high quality ingredients, the manufacturing process of fused silica requires the integration of advanced technology which adds on to the expenditures of the fused silica manufacturer.

Fused Silica Market Trends

The global fused silica market has been witnessing several technological developments for the optimized production of fused silica. Different manufacturers have adopted different technologies for producing fused silica according to the application. These technologies differ further in terms of the grade of fused silica required by the manufacturer.

Fused Silica Market Segmentation

The global Fused Silica market can be segmented on the basis of grade, applications, and end-use industries that consume fused silica. On the basis of region, the market is segmented into seven prominent regions of the world that include North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East and Africa.

On the basis of grade, the global Fused Silica market can be segmented as:

Standard
High Purity
On the basis of applications, the global Fused Silica market can be segmented as:

Refractories
Foundries
Technical Ceramics
Investment Casting
Others
On the basis of end-uses, the global Fused Silica market can be segmented as:

Electricals and Electronics
Aerospace
Automotive
Construction
Energy
Others
Fused Silica Market Participants

Some of the market participants identified across the value chain of global Fused Silica market are

Heraeus
Washington Mills
3M
j-fiber GmbH
Insaco Inc.
Advanced Glass Industries
The L. W. Wallace Co., Inc.
Corning
Ohara Corporation
Tenshion
Znth Mining
Blasch Precision Ceramics, Inc.
Fused Silica Market Regional Outlook

In terms of the consumption of global fused silica market, East Asia is expected to hold prominent share of the market value. This is majorly driven by the noteworthy increase in the manufacturing output of electricals and electronics industry in China. Other top consumers of the global fused silica market include regions such as North America and Europe owing to significant consumption of fused silica in the U.S. and Germany.

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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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