High Purity Quartz Market Is Projected To Reach USD 803340 Million By 2028 With A Cagr Of 4.6% - Valuates Reports

The global High Purity Quartz market size is estimated to be worth US$ 611950 million in 2022 and is projected to reach US$ 803340 million by 2028 with a CAGR of 4.6% during the review period.

In the silicon industry, high purity quartz is a critical raw material. Other applications of high purity quartz include quartz glass, lights, semiconductors, electronics, fiber optics, etc.

Major factors driving the growth of the high purity quartz market:
Increasing application in various industries is expected to drive the growth of the High Purity Quartz Market. High purity quartz is the main raw material that is used to produce polysilicon, monocrystalline silicon, solar cells, optical fiber, quartz glass, and integrated circuit boards
The crucibles used in the casting of silicon for photovoltaic cells that make up solar panels and semiconductor components are made of high purity quartz. Thus the increase in demand for solar panels and semiconductors is in turn expected to drive the growth of high purity quartz.
The High Purity quartz market is being driven by the rapidly expanding broadband market and significant investments in 5G infrastructure. The need for high purity quartz used in fiber optics is increasing as the demand for higher network bandwidth and Internet penetration grows around the world.
In addition, with the full swing of research and development operations on the high-pure quartz market, new technologies have consistently grown over the last decade, driving the high purity quartz industry's expansion over the forecast period.

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TRENDS INFLUENCING THE GROWTH OF HIGH PURITY QUARTZ MARKET
Due to its outstanding quality and purity, high purity quartz materials are perfect for usage in the semiconductor sector. Crucibles are made from high-purity quartz in the semiconductor industry. Quartz with a high purity allows semiconductor parts to endure the high temperatures of wafer manufacturing. The need for high purity quartz is being driven by the increasing use of new-generation wafers in semiconductors. Semiconductors are mostly employed in electronic devices. It is the most commonly used material to improve the performance of items. As a result, high purity quartz will be increasingly used in the semiconductor sector; this, in turn, is expected to drive the growth of the High Purity Quartz Market.

High purity quartz sand is the most cost-effective alternative for meeting the solar industry's ever-increasing quality criteria. Several countries throughout the world are implementing solar projects to reduce their reliance on nonrenewable energy sources. High purity quartz (HPQ) sand is used to manufacture crucibles for usage in the solar cell industry. In the fabrication of solar cells and modules, high purity quartz is also utilized in crucibles, quartz glass for tubes, rods, and widows, and silicon metal. During the forecast period, the high purity quartz market is expected to be fueled by the rise of the solar industry.

Due to rising environmental concerns and a growing emphasis on using greener energy sources, the demand for solar components and resources has skyrocketed. This in turn is expected to further drive the High Purity Quartz Market growth.

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HIGH PURITY QUARTZ MARKET SHARE ANALYSIS

APAC is expected to be the most lucrative region during the forecast period. The high-purity quartz demand in the Asia Pacific is led by a rise in the number of solar and fabrication plants in the region. Because of the country's promising semiconductor industry, China and Japan have a significant market share.

Based on application, semiconductors are expected to be the most lucrative segment and held the largest share in the high purity quartz market in 2019. The main component of high purity quartz sand is silicon dioxide (SiO 2). Quartz is employed in the semiconductor industry because it exhibits the piezoelectric effect, which is used in computer chip fabrication and semiconductor technology. Quartz with extremely high purity is utilized in the semiconductor industry to make silicon wafers, but it is rare and expensive. Silicon metal semiconductors for transistors, microelectronics, integrated circuits, and the silicon chip are made from pure quartz sand.

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High Purity Quartz Market By Company

Russian Quartz
TQC (Norwegian sands)
PQ (pacific quartz)
Momentive (US)
Sung Rim (Korea)
Australian Silica Sands
Germany sands
JP sands
Mineracao Santa Rosa (MSR)
Ron Coleman Mining
Kyshtym
Covia
Sibelco
High Purity Quartz Market By Type

4N
4N5
4N8
High Purity Quartz Market By Application

Lighting Industry
Semiconductor
Electronics
Optical Industry
Others
High Purity Quartz Market By Region

The key regions covered in the High Purity Quartz market report are North America, Europe, China and Japan. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

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