Press release
Comprehensive Quartz Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Quartz
The quartz market is expected to flourish on the back of heightened demand for semiconductors. Specific quartz items like plates and discs are necessary in the semiconductor industry for the production of essentials such as boats, pedestals, wafers, wafer carriers, and batch processing equipment. High purity quartz, in particular, is utilized in building quartz glass products such as windows, rods, and tubes, as well as crucibles. Bolstering this fact, data from the US-based Semiconductor Industry Association (SIA) in December 2023 reported that global semiconductor industry sales had risen to $46.6 billion in October 2023, a 3.9% increase from the September 2023 figure of $44.9 billion. This rise in semiconductor demand is, therefore, fueling the growth in the quartz market.
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What growth opportunities are expected to drive the quartz market's CAGR through 2034?
In the past few years, the quartz market has shown remarkable growth. The market value is forecasted to rise from $9.68 billion in 2024 to $10.47 billion in 2025, displaying a compound annual growth rate (CAGR) of 8.2%. Factors like the expansion of the electronics industry, increased urbanization and construction activities, industrial uses, applications in healthcare and medical sectors, and demand from aerospace and defence sectors have been driving the growth during the historical period.
The size of the quartz market is anticipated to witness robust expansion in the upcoming years, with its value expected to reach $14.5 billion in 2029, experiencing a compound annual growth rate (CAGR) of 8.5%. This substantial growth can be linked to various factors such as environmental sustainability, changes in global supply chain dynamics, alterations in consumer preferences, and the evolving needs of military and aerospace sectors, healthcare and biotechnology industries. Key trends influencing this forecast period are the mounting demand in the luxury markets, resilience in the supply chain, the application of artificial intelligence in processing, incorporation in smart homes, and health and wellness applications.
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What are the emerging trends shaping the future of the quartz market?
Major businesses that operate within the quartz market are concentrating on the development and introduction of innovative solutions like quartz collections in order to establish a competitive advantage. These collections of quartz surfaces or countertops offer innovative elements of design and a color palette that spans from purest white to deepest black. As an example, Akrilika Holding Company, a Russian-based manufacturing business for solid surfaces and quartz, introduced Alfa Quartz to the market in May 2023. Alfa Quartz, a high-quality material, merges the essence of nature with long-lasting robustness and groundbreaking design, showcasing its first 10 colors. Comprising non-porous surfaces and resistance to scratching, Alfa Quartz does not need sealing, thus it is durable and requires minimal maintenance.
Which growth-oriented segments of the quartz market are leading the industry's development?
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
Subsegments:
1) By Engineered Quartz Stones: Standard Engineered Quartz, Premium Engineered Quartz
2) By Quartz Sand: Fine Quartz Sand, Coarse Quartz Sand
3) By Quartz Pebbles: Natural Quartz Pebbles, Polished Quartz Pebbles
4) By Quartz Crystals: Natural Quartz Crystals, Synthetic Quartz Crystals
5) By Other Types: Quartz Powder, Quartz Granules
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What regions are leading the charge in the quartz market?
Asia-Pacific was the largest region in the quartz market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the quartz market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the quartz market?
Major companies operating in the quartz market include 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., Compac, MS Industries, Bitto(Dongguan), 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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What Is Covered In The Quartz Global Market Report?
•Market Size Forecast: Examine the quartz market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the quartz market for a structured understanding.
•Key Players Overview: Analyze major players in the quartz market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the quartz market.
•Segment Contributions: Evaluate how different segments drive overall growth in the quartz market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the quartz market.
•Industry Challenges: Identify potential risks and obstacles affecting the quartz market.
•Competitive Landscape: Review strategic developments in the quartz market, including expansions, agreements, and new product launches.
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