Latest TMR Report Explores Impact of COVID-19 Outbreak on High Purity Quartz Market

High Purity Quartz Market: Introduction

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.

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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.

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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.

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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

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