openPR Logo
Press release

High Purity Quartz Market - Global Industry Report, 2030

10-28-2020 12:07 PM CET | Media & Telecommunications

Press release from: Transparency Market Research Reports

High Purity Quartz Market: Introduction

Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market, led by high demand for high purity quartz among manufacturers of solar products.

Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=55107

Key Drivers of High Purity Quartz Market

High purity quartz is a special feedstock, which is used in industries that entail high-tech applications (for instance, the solar industry). The high purity quartz sand is a highly cost-effective solution to meet the consistently increasing requirements in terms of quality standards in the solar industry. The solar industry has gained prominence, as solar is a key source of renewable energy. Several countries across the globe are undertaking solar projects in order to save non-renewable sources of energy. Solar power involves the conversion of energy from sunlight into electricity by using photovoltaic (PV) cells. The high purity quartz sand is the raw material used to produce crucibles, which are employed in the solar cell industry. High purity quartz is employed in several ways in the manufacture of c-Si cells and modules, including crucibles, quartz glass for tubes, rods, and widows, and silicon metal. Silicon is the base material for all c-Si PV modules. Large, rectangular crucibles are used in the manufacture of multi-crystalline silicon for usage in solar PV cells. Production of monocrystalline silicon requires rounded crucibles made of purer, solar-grade quartz. Various countries across the globe are increasingly focusing on clean energy alternatives. The commitment to clean energy has been evidenced in a number of policy changes globally, as well as the Paris Agreement. Thus, expansion of the solar industry is projected to boost the high purity quartz market during the forecast period.

More Trending Reports by Transparency Market Research - https://www.prnewswire.co.uk/news-releases/single-walled-carbon-nanotube-market-to-touch-valuation-of-us-5-bn-by-2027-commercializing-depends-on-cost-effective-fabrication-methods-transparency-market-research-879370332.html

Expansion of Telecommunication and Optical Fibers Industries to Offer Lucrative Opportunities to High Purity Quartz Market

Rise in need for network bandwidth and growth in Internet penetration are driving the demand for fiber optics. Fiber optics allow transmission over longer distances with less loss. They are also immune to electromagnetic interferences. An optical fiber consists of a transparent core surrounded by a transparent cladding material made from high purity quartz. High purity quartz-based cladding material is essential to maintain the efficacy of the transmission line. Apart from telecommunication and data transfer, optical fibers are also increasingly utilized in medical and scientific research. This is further boosting the demand for high purity quartz. Rapid expansion of the broadband market and significant investments in 3G/4G/5G infrastructure are propelling the demand for high purity quartz, particularly among major optical fiber manufacturers. Most of these manufacturers are based in the U.S. and China.

Limited Availability of Mines and Lack of Technical Knowledge about Production to Hamper High Purity Quartz Market

Limited availability of quartz mines is a prominent factor restraining the high purity quartz market. Currently, just two notable mines (Spruce Pine, North Carolina, the U.S.; and Kyshtym, Russia) account for more than 95% share of the global high purity quartz market in terms of production. Large numbers of mines in Australia, Canada, Mauritania, Russia, and Norway have reported high purity quartz possibilities; however, none of these is capable of producing a product that meets the IOTA standard on an economical and regular basis. Consequently, prominent quartz companies are focusing on grades capable of producing poly-silica for the manufacture of solar PV cells. These companies are unable to enter the high purity quartz market.

High purity quartz is considered a specialized market, with prominent suppliers reluctant to disclose their production as well as processing techniques due to the fear of losing their margins to upcoming players. This is significantly hampering the entry of a large number of players, even those with fairly high natural purity (99.9% +). However, a few silica startups are anticipated to introduce efficient production techniques to cater to the ever-rising demand for high purity quartz.

Request for Custom Research at -https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=55107

Asia Pacific Dominates High Purity Quartz Market

Based on region, the global high purity quartz market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of volume and value, Asia Pacific dominated the global high purity quartz market in 2019. Increase in the number of solar and fabrication plants in the region is driving the high purity quartz market in Asia Pacific. China and Japan hold major share of the market in the region, owing to the presence of a promising semiconductor industry in these countries. Key players prefer investing in Asia Pacific, as the region has presence of natural reserves such as mineral deposits and abundant availability of labor. North America is another significant consumer of high purity quartz, with the presence of a large number of players, high-purity deposits, and manufacturing facilities in the region.

Request for covid19 Impact Analysis - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=55107

Consolidated Nature of High Purity Quartz Market

Competition in the high purity quartz market is sustained due to varying market shares of major, well-established players. Unlike other industrial mineral sectors, the global high purity quartz market witnesses limited competition, with two producers accounting for more than 80% share of the global production. This implies that prices remain fairly steady. Covia Holdings Corporation held 72.30% share of the global high purity quartz market in 2019. The Quartz Corp., another major player in the market, constituted 10.30% share in 2019.

China-based manufacturers occupied 7.50% share of the global high purity quartz market in 2019. Deposits of quartz in China are not of high purity. The country purchases high purity quartz from the U.S. and Europe.

Global High Purity Quartz Market: Segmentation

High Purity Quartz Market, by Application

• Semiconductor
• Solar
• Lighting
• Optics
• Others (including Microelectronics and Telecom)

Contact

Transparency Market Research,

90 Sate Street, Suite 700,

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research is a global market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release High Purity Quartz Market - Global Industry Report, 2030 here

News-ID: 2174687 • Views: 291

More Releases from Transparency Market Research Reports

Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers. The demand for crude oil is increasing
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027 Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon
PE BLOW MOLDED PRODUCTS MARKET TO REACH A VALUATION OF ~US$ 8 BN BY 2027: TRANSP …
PE Blow Molded Products Market: Introduction In terms of value, the PE blow molded products market is anticipated to expand at a CAGR of ~5% from 2019 to 2027 PE blow molded products are generally containers, drums, or other rigid packaging materials manufactured through the blow molding process of polyethylene polymers such as HDPE, LDPE, and LLDPE The HDPE material segment accounted for a major share of the PE blow molded products market

All 5 Releases


More Releases for Quartz

Global Color Quartz Tube Market Insights Report, Market Drivers, Application, Fu …
Market Research Hub (MRH) has actively included a new research study titled “Global Color Quartz Tube Market” Insights, Forecast to 2025 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until 2025. In addition,
World Quartz Market Research Report 2023
Ricerca Alfa, a leading market research firm added a novel market study on "World Quartz Market" to its database that provides meticulous information about current market size, share, demand, growth, latest trends, analysis and forecasts till the year 2023. Quartz is a commonly found mineral on Earth that has crystalline structure i.e. each atom is equidistant from each other. Quartz is composed of one Silicon atom and four oxygen atoms. Quartz
Global Quartz Tubing Market Forecast 2018-2025 Guolun Quartz, TOSOH, Lanno Quart …
Recently added detailed market study "Global Quartz Tubing Market" examines the performance of the Quartz Tubing market 2018. It encloses an in-depth Research of the Quartz Tubing market state and the competitive landscape globally. This report analyzes the potential of Quartz Tubing market in the present and the future prospects from various angles in detail. The Global Quartz Tubing Market 2018 report includes Quartz Tubing market Revenue, market Share, Quartz Tubing
Global Quartz Market 2018-2023: Russian Quartz (RUSNANO), The Quartz Corporation …
Summary:- (New Report On Global Quartz Market-Segmented by Type, End-user Industry, and Geography-Growth, Trends, and Forecast (2018-2023) added to Orbisresearch.com store which has 148 pages) The global Quartz market is expected to register a CAGR of more than 5% during the forecast period, 2018 to 2023. Asia-Pacific accounted for the largest market in 2017. Asia-Pacific is also expected to register the fastest growth during the forecast period. Request a Sample Report! Get
Asia-Pacific Quartz Market Report 2017
MarketResearchReports.Biz presents this most up-to-date research on "Asia-Pacific Quartz Market Report 2017" Description In this report, the Asia-Pacific Quartz market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split Asia-Pacific into several key Regions, with sales (K Sq.m), revenue (Million USD), market share and growth rate of
GLOBAL QUARTZ MARKET- CAMBRIA, SINOSTONE, QUARTZ MASTER, VICOSTONE
Global Quartz Market report 2017 is an in-depth research on the current situation of the Quartz industry. The Scope of the Quartz research report: The Global Quartz Market primarily includes a basic overview of the Quartz industry. It also includes Quartz definitions, classifications and applications. It segments the market by applications, types, regions, competitive players and also analyzes Quartz market size, business share and Quartz revenue, price and sales. The report mainly