Global High Purity Quartz Market Projected to Increase at CAGR of 8.3% and to be Valued at US$ 1,047.9 Mn by 2024

MRRSE includes new market research report “Global Market Study on High Purity Quartz - Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2024" to its huge collection of research reports. Global consumption of high purity quartz is gradually increasing, owing to strong demand from solar and semiconductor manufacturing channels. High purity quartz is uniquely used during the manufacturing of c-Si through Czochralski process as crucibles in which silicon ingots are developed. As per report analysis, global sales of high purity quartz is estimated to be valued at US$ 555.1 Mn in 2016 and is projected to increase at a CAGR of 8.3% over the forecast period to be valued at US$ 1,047.9 Mn by 2024.

Request Free Sample Report - http://www.mrrse.com/sample/2653

Growth is primarily driven by increasing demand coming from quartz base materials and fabricated component manufacturers, amid high demand for the latter from semiconductor and solar manufacturing equipment companies. The company forecasts the solar application segment market to grow at a strong CAGR during the eight year forecast period of 2016 through 2024.

The report provides an in-depth analysis of various grades of high purity quartz, and their consumption levels across different geographies and their assisted revenues, coupled with forecast. This includes HPQ Powder (99.99 %+), Grade I, Grade II, and Grade III; among these HPQ Powder finds application in micro-electronics for EMC packaging, while higher grades such as Grade II and Grade III are used for solar and semiconductor applications. Grade I is often used in other applications such as lighting, telecom and optics.

Market dynamics

Increase in demand for solar PV across the globe, is the most prominent factor driving the consumption of High Purity Quartz, as HPQ forms an integral component in manufacturing chain of solar C-Si cells. Besides, HPQ also forms an indispensable component in semiconductor industry, due to high purity and inert nature of HPQ. Demand for HPQ from semiconductor industry is already high, albeit, future increasing demand is anticipated to come from new wafer fab units, and transition from 300mm to 450 mm wafer manufacturing.

Moreover, low to medium grades of HPQ is also used for manufacturing tubing for high intensity lighting, which in turn are seeing increasing demand for high spec vehicles. Apart from this, rapidly expanding telecom infrastructure, is also significantly driving the demand for HPQ, particularly from major optical fiber manufacturers, in which HPQ is used for cladding purpose. Furthermore, increasing demand for high end head-up-displays, binoculars and microscopes, is also adding consumption numbers to global high purity quartz market. Apart from this, in recent years, many new sectors have sprouted which demand high purity quartz for special applications such as HPQ wool insulation and catalysts for various chemical processes.

Browse Full Report with TOC - http://www.mrrse.com/high-purity-quartz-market

Segment analysis

Amongst various grades, Grade I is estimated to account for a majority of the market share by volume, and the segment is expected to register a CAGR of 5.3% over the forecast period. Grade II on the other is estimated to gain a significant market share by the end of forecast period, due to rising demand from mono-C crucibles, high grade multi-C-crucibles, and from other high quality fused glass tubing and quartz-ware manufacturers. As per Persistence Market Research analysis, in terms of volume, Grade II is estimated to register the highest CAGR which is over 2.5% higher than Grade III.

Based on application type, the semiconductor segment is estimated to account for more than 36% volume share of the overall global market by 2016 end, however, this is expected to decrease by the end of 2024, due to stronger demand from solar applications. The global high purity quartz market volume, by the lighting application segment is forecasted to register a 5.7% CAGR for the period of 2016 through 2024. This can be attributed to rising demand for high spec vehicles, incorporating high intensity lightings, such HUD and Xenon.

Regional analysis

A majority of HPQ buyers are located in Asia Pacific region particularly in China, Japan and Korea, which together account for nearly 50% of the Global HPQ consumption in 2016. Furthermore, consumption in the region is anticipated to register a decent CAGR over the forecast period. North America on the other hand accounts for a large chunk of HPQ production due to presence of Spruce Pine, but consumption in the region is second in line to Asia Pacific, due to the presence of prominent quartz base material manufacturers such as Momentive Performance Materials Inc.

Key market players

Key market players in the global high purity quartz market include Unimin Corporation, The Quartz Corp, Russian Quartz LLC (Kyshtym Mining), HPQ Silicon Resources Inc., Nordic Mining ASA, High Purity Quartz Pty Ltd, Jiangsu Pacific Quartz Products Co., Ltd.

Research methodology  

To ascertain the global high purity quartz market size, we have taken into account the revenue generated by the various high purity quartz manufacturers and processors globally. The forecast presented here assesses the total revenue generated by value, across the global high purity quartz market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the high purity quartz market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on supply side, downstream industry demand and the economic envelope.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the global high purity quartz market and identify the right opportunities across the market.

Enquire About this Report - http://www.mrrse.com/enquiry/2653

About Us

Market Research Reports Search Engine (MRRSE) is an industry-leading database of defense market reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact

State Tower

90, State Street

Suite 700

Albany, NY - 12207

United States

Telephone: +1-518-730-0559

Email: sales@mrrse.com

Website: http://www.mrrse.com/

This release was published on openPR.