Press release
Quartz Market is expected to reach an estimated USD 15.40 billion by Industry Growth Analysis, Price, Trends, Value, Demands, Key Players and Forecast 2029
Quartz Market Overview:Quartz is a significant mineral with numerous applications. Sand, which is made from small Quartz stones, is a necessary component in the assembly of glass. Quartz rock crystal has a wide range of electronic applications. It is used as an oscillator in radios, watches, and weight scales, as well as in optics research. Quartz is also used as a grating for sandblasting, pounding glass, and delicate stone cutting. It is primarily used in the Personal Computer industry because significant silicon semiconductors are manufactured using quartz. Quartz is expected to drive global market growth as it is increasingly used in these end-user industries.
The global Quartz market was valued at USD 9.19 billion in 2020 and is projected to reach USD 15.40 billion by 2029, growing at a 5.94% during the forecast period 2022-2029.
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Quartz Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Baba Quartz, QQE, Momentive, Saint-Gobain, Creswick Quartz, Quartz Corporation, High Purity Quartz Pty Ltd., DuPont, and Caeserstone. and Others
Recent Development
In July 2019, Ferroglobe announced that it would start the production of solar grade silicon at its factory in Spain. The production is operated by a Spanish subsidiary, FerroSolar SL.
In December 2019, Elkem acquired Polysil, a silicone elastomer and resins company. Polysil offers silicone products for the electronics and medical markets.
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Quartz Market Segmentation:
Quartz Market by Type, 2020-2029, (USD Million) (Kilotons)
High Purity Quartz
Quartz Surface and Tile
Fused Quartz Crucible
Quartz Glass
Quartz Crystal
Silicon Metal
Quartz Market by End User Industry, 2020-2029, (USD Million) (Kilotons)
Electronics and Semiconductor
Solar
Buildings and Construction
Optical Fibre And Telecommunication
Automotive
Growth Factors:
Increasing demand from the Quartz industries
The growing use of Quartz in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Quartz Market
Quartz Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Key Quartz Market Trends
- The report identifies, determines, and forecasts the Global Quartz Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Quartz Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Quartz Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Quartz Market.
Frequently Asked Questions
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What is the growth rate of Quartz Market?
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