Press release
Global High-Purity Quartz Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: Key Players are HPQ Silicon Inc. and Russian Quartz LLC.
The global high-purity quartz market is estimated to be valued at US$854.608 million in 2021.The prime factors propelling the high-purity quartz market growth are the rising demand for high-tech applications and premium glass products, the growing usage of electric vehicles, and the growing focus on renewable energy sources.
The high-purity quartz market is expected to grow at a steady pace over the forecast period.
High-purity quartz (HPQ) is a specific kind of quartz having deficient impurity levels, usually less than 30 parts per million (ppm). It is used in high-tech applications such as solar panels, semiconductors, optical fibers, and other electronics. High-end glass items, such as fiber-optic lenses, laboratory equipment, and other high-tech glass applications, are made using HPQ. The need for high-tech applications and the rising demand for premium glass goods have contributed to the steady growth of high-purity quartz. In the semiconductor industry, high-performance silicon wafers are manufactured using HPQ, which is used in various electrical devices. HPQ is also used in the solar industry to produce photovoltaic cells which convert sunlight into electricity. In December 2022, Sibelco announced that it had acquired the Bassanetti Group, an Italian company that produces high-purity quartz for semiconductor manufacturing, optics, and lighting. In addition, the growth in the usage of electric vehicles has accelerated the demand for high-quality glass products in the automotive industry. According to the International Energy Agency (IEA), in 2020, a record 4.6% of new automobile sales were made up of electric vehicles, up from 2.5% in 2019. According to IEA, in 2020, Europe sold 1.4 million electric cars, which was more than China which sold 1.2 million electric vehicles. The demand for high-purity quartz will increase as the semiconductor, solar, and automotive sectors expand and innovate.
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The high-purity quartz market has been segmented into grade, end-user, and geography.
The market has been segmented into low, medium, and high based on grade.
Based on the end-user, the market has been segmented into electronics and semiconductors, the solar industry, lighting and optics, and others.
By region, North America is expected to constitute a significant market share due to numerous semiconductor and solar cell manufacturing plants. In addition, the need for high-tech applications in sectors like electronics and optics has made the United States the largest market for high-purity quartz in North America. However, high-purity quartz is also widely used in Europe, where France and Germany are two important markets where the usage of semiconductor and solar power is showing a significant increase.
The disruptions in semiconductors, solar panels, and optical fibers industries due to COVID-19 have led to decreased demand for high-purity quartz. In addition, the pandemic has caused transportation and production delays, resulting in raw material shortages and increased prices. As a result, it has decreased the production and sales of high-purity quartz products. As a result, COVID-19 has caused a slowdown in the construction and automotive industries, which are significant consumers of high-purity quartz products. The pandemic has also decreased the demand for consumer electronics, such as smartphones and laptops, which use high-purity quartz in their manufacturing processes.
The major players operating in the high-purity quartz market are The Quartz Corporation, Sibelco, Jiangsu Pacific Quartz Co., Ltd., HPQ Silicon Inc., Russian Quartz LLC, Imerys S.A., and Ultra HPQ.
This high-purity quartz market has been analyzed into the following segments:
• By Grade
o Low
o Medium
o High
• By End-User
o Electronics and semiconductor
o Solar Industry
o Lighting and optics
• By Geography
o North America
• United States
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• United Kingdom
• Germany
• France
• Spain
• Others
o Middle East and Africa
• UAE
• Israel
• Saudi Arabia
• Others
o Asia Pacific
• Japan
• China
• India
• South Korea
• Thailand
• Taiwan
• Indonesia
• Others
Explore More Reports:
• Global Chromium Market: https://www.knowledge-sourcing.com/report/global-chromium-market
• Global Diamond Market: https://www.knowledge-sourcing.com/report/global-diamond-market
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Knowledge Sourcing Intelligence
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E-Mail: info@knowledge-sourcing.com
Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies across ten industry verticals. KSI has a team of experienced and young professionals who focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports annually centering on the niche and latest technologies. In addition, we engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers, and challenges, and strategic recommendations for making informed decisions. Our success lies in our analysts' efforts to meet client expectations by delivering quality work within the stipulated deadlines.
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