Quartz Market - Size, Top Companies, Price Trends, Industry Share and Report Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Quartz Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global quartz market growth, trends, size, share and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big Is the Quartz Market?

The global quartz market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

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What is Quartz?

Quartz is a crystalline and abundant mineral composed of silicon dioxide (SiO2). It has a hexagonal crystal structure and is typically found in the form of six-sided prismatic crystals. It can be transparent, translucent, or opaque, depending on its variety. It occurs in various colors, including clear, white, pink, purple, yellow, and smoky, with variations caused by impurities. It has piezoelectric properties, which help generate an electric charge when subjected to mechanical stress. It is highly resistant to scratching and abrasion, making it suitable for use in various applications. Its diverse range of colors and forms allows for a wide array of decorative and industrial uses. It is chemically inert and does not react with most substances, which makes it suitable for laboratory glassware and equipment. Moreover, as it can withstand high temperatures without undergoing significant structural changes, the demand for quartz is increasing across the globe. It is widely used in countertops, tiles, and decorative stone surfaces due to its durability and aesthetic appeal. Besides this, it is also utilized in electronic equipment like oscillators and frequency control devices. Additionally, quartz is used in the metallurgical industry to facilitate the smelting of metals.

Global Industry Trends and Drivers:

Rapid urbanization and the increasing demand for quartz in the construction industry represent one of the primary factors contributing to the market growth. Additionally, the escalating demand for green building materials is promoting the use of quartz in sustainable construction projects. Furthermore, the technological advancements in the market are strengthening the growth of the market. Moreover, with the advent of advanced fabrication techniques, manufacturers can offer a diverse range of quartz products, including slabs with intricate patterns and textures, catering to the evolving design preferences of individuals. Along with this, the rising trend of miniaturization and increased functionality is catalyzing the demand for high-quality quartz crystals. Furthermore, the increasing sales of electric vehicles (EVs) are driving the need for quartz sensors and components in EV battery management systems, facilitating the market growth. Besides this, the growing global trend toward sustainable and environment-friendly practices is also influencing the market positively. Moreover, the governing authorities of several countries are undertaking several initiatives to reduce carbon footprint in manufacturing processes, which is encouraging companies to explore cleaner and more energy-efficient methods of quartz production. Additionally, the expansion of the hospitality and retail sectors is driving the demand for quartz in interior design and decor applications. The aesthetic versatility of quartz allows it to adapt to various design styles, making it a preferred choice for interior designers and architects.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product:
• Quartz Surface and Tile
• High-Purity Quartz
• Quartz Glass
• Quartz Crystal
• Quartz Sand
• Others

Breakup by End User:
• Electronics and Semiconductor
• Solar
• Buildings and Construction
• Optical Fiber and Telecommunication
• Automotive
• Others

Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

Asahi Glass Co. Ltd., Caesarstone Ltd., Compagnie de Saint-Gobain S.A., Heraeus Holding, Jiangsu Pacific Quartz Co. Ltd., Kyocera Corporation, Momentive Technologies, Nihon Dempa Kogyo Co. Ltd., Quality Quartz Engineering Inc. (Conax Technologies LLC), Sibelco and The Quartz Corporation.

Key highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:
• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

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This release was published on openPR.