Press release
Quartz Market is Expected to Grow $13.48 Billion in 2028 at a CAGR of 8.4% over Forecast Period 2024-2033 | Key Players: Heraeus Holding, Kyocera Corporation, Murata Manufacturing Co Ltd., DuPont de Nemours Inc., Ferroglobe
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Quartz Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The quartz market size has grown strongly in recent years. It will grow from $9.01 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to electronics industry growth, urbanization and construction, industrial applications, healthcare and medical uses, demand from aerospace and defense.
The quartz market size is expected to see strong growth in the next few years. It will grow to $13.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to environmental sustainability, global supply chain dynamics, shifts in consumer preferences, military and aerospace needs, healthcare and biotechnology expansion. Major trends in the forecast period include rise in luxury market demand, resilience in supply chain, artificial intelligence in processing, smart home integration, health and wellness applications.
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Market Segmentation:
The quartz market covered in this report is segmented -
1) By Type: Engineered Quartz Stones, Quartz Sand, Quartz Pebbles, Quartz Crystals, Other Types
2) By Grade: High-Purity Quartz, Grade I, Grade II, Grad III
3) By End User: Electronics and Semiconductors, Solar, Building and Construction, Metallurgy, Optics and Telecommunication, Other End Users
Major Driver - Surge In Semiconductor Demand Catalyzes Growth In The Quartz Market
An increase in demand for semiconductors is expected to propel the growth of the quartz market going forward. In the semiconductor sector, quartz plates and discs are required to manufacture boats, pedestals, wafers, wafer carriers, and batch processing equipment. Quartz, such as high purity quartz, is used in the semiconductor industry to produce crucibles and quartz glass products such as windows, rods, and tubes. For instance, according to the Semiconductor Industry Association (SIA), a US-based semiconductor industry, global semiconductor sales totaled $48.8 billion in October 2021, up 24.0 % from $39.4 billion in October 2020 and 1.1% higher than October 2021. Therefore, the increase in demand for semiconductors is driving the growth of the quartz market.
Competitive Landscape:
Major companies operating in the quartz market report are Heraeus Holding, Kyocera Corporation, Murata Manufacturing Co Ltd., DuPont de Nemours Inc., Ferroglobe, Cosentino Group, Sibelco Quartz Corporation, Covia Holdings LLC, Jiangsu Pacific Quartz Co Ltd., Cambria, Caesarstone Ltd., Goodfellow Corp, NIHON DEMPA KOGYO Co LTD., CR Lawrence, Compac, MS Industries, Bitto(Dongguan), Kleen Industrial Services, Abrisa Technologies, Quality Quartz Engineering, American Elements, Baba Quartz, Ron Coleman Mining, Creswick Quartz, Donghai Colorful Mineral Products, ULTRA HPQ, Diresco, Alicante Surfaces Pvt Ltd, Belenco, HanStone Quartz, Wonic QnC Corporation, Xinyi MingwangQuartz Sand, Momentive Technologies, INASCO Inc., AGC Inc., Quartz Corp, Russian Quartz LLC, Saint Gobain Group, N.T. Ruddock Co, Pegasus Glass, Technistone, Swift Glass Company, Elkem ASA, Thermo Fisher Scientific, Noah Chemicals, Australian Silica Quartz Group Ltd.
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Top Trend - White Quartz Solutions Redefining The Market Standards
Major companies operating in the quartz market are focused on introducing advanced solutions, such as white quartz products, to gain a competitive edge in the market. White Quartz products are engineered quartz countertops made of natural ground quartz and resin. For instance, in October 2023, Classic Marble Company, an Indian-based marble company, launched KalingaStone Quartz products. KalingaStone Quartz products are marble with a range of seven white quartz products in varying tones of grey, brown, and black veins. It includes Calacatta Lazza, Calacatta Pristine, Calacatta Venezia, Calacatta Nero, Crystal Bliss, Crystal Serene, and Calacatta Rivolo. It is engineered, strong, hard, hygienic, non-porous, and resistant to stains and wear.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Quartz Market Characteristics
3. Quartz Market Trends And Strategies
4. Quartz Market - Macro Economic Scenario
5. Quartz Market Size And Growth
…..
27. Quartz Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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