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Quartz Market Set to Exceed US$12.9 Billion by 2031, Fueled by Technological Advancements and Industrial Applications | TMR Research

05-12-2025 12:09 PM CET | Chemicals & Materials

Press release from: Transparency Market Research

Quartz

Quartz

The global quartz market, valued at over US$6.43 billion in 2020, is poised for robust growth. It is estimated to expand at a compound annual growth rate (CAGR) of 6.6% from 2021 to 2031, surpassing US$12.9 billion by 2031. This expansion reflects rising demand for quartz in electronics, construction, and jewelry, driven by urbanization and technological advancements. With a projected increase of over 100%, quartz is set to remain a cornerstone of industrial and aesthetic applications through 2031.

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Understanding the Quartz Market

Quartz, a crystalline form of silicon dioxide (SiO2), is valued for its durability, chemical stability, and piezoelectric properties. It is used in high-purity forms for semiconductors, as engineered stone in construction, and as gemstones in jewelry. The 2020 valuation of US$6.43 billion underscores its diverse applications, with the projected rise to US$12.9 billion by 2031 driven by high-purity quartz, which held a 30% share in 2020 for its critical role in electronics. The 6.6% CAGR reflects strong demand, supported by quartz's ability to enhance solar panel efficiency by 15-20%, per industry studies.

Key Drivers of Market Growth

Several factors are propelling the quartz market toward its US$12.9 billion milestone by 2031. First, the electronics and semiconductor industry's growth is a primary driver. High-purity quartz is used in 50% of semiconductor crucibles and solar photovoltaic cells, with global semiconductor sales reaching US$600 billion in 2023, per the Semiconductor Industry Association. Demand for 5G infrastructure and IoT devices, projected to connect 30 billion devices by 2030, aligns with the 6.6% CAGR, particularly in Asia-Pacific.

Second, the construction and real estate boom fuels growth. Engineered quartz surfaces, used in 40% of countertops and flooring, offer superior durability and aesthetics compared to granite. The global construction market, valued at US$12 trillion in 2023, drives demand, with urbanization in India and China boosting residential projects. Companies like Caesarstone and Cosentino, with 2022 innovations in stain-resistant quartz slabs, support the market's trajectory to US$12.9 billion.

Third, renewable energy and sustainability trends enhance adoption. Quartz's role in solar panel production, with global solar capacity reaching 1,300 GW in 2023, per the International Renewable Energy Agency, supports its use in photovoltaic cells. Regulatory incentives, like the EU's Green Deal, promote clean energy, while quartz's recyclability in construction reduces waste by 10%. These factors reinforce growth through 2031 across electronics, construction, and optical applications.

Top Companies:

The Quartz Corporation
Quality Quartz Engineering
Saint Gobain Group
Murata Manufacturing Co., Ltd.
Kyocera Corporation
TXC Corporation
Abrisa Technologies
Swift Glass Co., Inc.
Industrial Quartz Corporation
Caesarstone Ltd.

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Market Segmentation and Regional Insights

The market segments by product, application, and end-use. High-purity quartz led in 2020, followed by quartz surfaces, crystals, and sand, due to its semiconductor applications. Applications include electronics and semiconductors (35% share), solar, construction, and jewelry, with electronics growing fastest due to tech advancements. End-uses span building and construction, electronics, optics, and metallurgy, with construction dominating at 40% share.

Regionally, Asia-Pacific held the largest share of the US$6.43 billion market in 2020, driven by China and Japan's electronics and solar industries, with a projected 7% CAGR. North America follows, with the U.S. leveraging construction and semiconductor demand, valued at US$1.5 billion in 2023. Europe grows steadily, with Germany focusing on renewable energy, while Latin America and the Middle East lag due to limited mining infrastructure.

Challenges and Opportunities

The market faces challenges. High production costs for high-purity quartz, 20-30% above standard grades, and supply chain disruptions, with quartz mining concentrated in Brazil and Australia, pose risks. Environmental concerns over mining, impacting 15% of local ecosystems, per the UN, require sustainable practices. The 6.6% CAGR reflects a market navigating these hurdles with strong industrial demand.

These challenges present opportunities. Innovations in synthetic quartz production, like Sibelco's 2023 low-energy refining process, could reduce costs, supporting the push to US$12.9 billion. Expanding applications in fiber optics, growing at 8% CAGR, offer potential. Emerging markets in Africa, with rising construction needs, provide opportunities, while partnerships like Quartz Corp's 2022 supply chain expansions enhance scalability.

The Road to 2031

By 2031, the global quartz market is projected to surpass US$12.9 billion, reflecting eleven years of robust growth at a 6.6% CAGR from US$6.43 billion in 2020. This milestone is driven by electronics, construction, and renewable energy demand. The market's trajectory suggests continued expansion, with quartz powering technological and sustainable advancements.

In conclusion, the global quartz market demonstrates strong growth from 2021 to 2031. Rising from over US$6.43 billion to US$12.9 billion, it addresses industrial and environmental needs with versatile applications. Stakeholders-from producers like Sibelco, Quartz Corp, and Caesarstone to end-users in electronics and construction-play a vital role, ensuring quartz shapes a durable, high-tech future through 2031 and beyond.

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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