High-quality Quartz Market Size, Share & Industry Analysis, By Grade (Low Grade, Medium Grade, High Grade), By Application (Microelectronics, Solar, Lighting Equipment, Optics, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
High-quality quartz or high-purity quartz (HPQ) is distinguished by presence of high level of SiO2 components (over 99.99%), with almost no contamination of metals such as iron, chromium, titanium, zirconium, potassium, lithium, sodium and of hydroxyl (OH-) ions. Most Chinese quartz products available in the market are medium grade. High-purity quartz endure the exceptional temperatures of wafer manufacturing. Thus, demand for high quality quartz is expanding with the growing utilization of new-age wafers in semiconductors.
The demand for high-purity quartz has increased steadily owing to its rising adoption in the electrical industry. Excellent physio-chemical attributes such as high optical transmission and the ability to withstand high temperatures are the two key factors that have contributed to a steady rise in the adoption of high-purity quartz. However, high prices of high-purity quartz and ultra-high-purity quartz acts as a market constraint.
Key Market Driver -
Wide application in the electrical-lighting industry is expected to drive the market
Key Market Restraint -
High price is likely to restrict the market growth.
Market Segmentation:
Based on grade the market for high quality quartz is further segmented into Low Grade, Medium Grade and high grade. Based on application, the market for is further segmented into microelectronics, solar, lighting equipment, optics, and others. From a geographical standpoint, the market is categorized to North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global & regional players operating in the high quality quartz market includes, Covia Holdings Corporation, The Quartz Corp, Russian Quartz LLC, Jiangsu Pacific Quartz Co., Ltd, High Purity Quartz Pty Ltd, I-Minerals Inc, Creswick Quartz, Nordic Mining ASA, and others
Key Insights
- New Advancements in Production Technologies
- Key Trends in the high quality quartz market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
Asia Pacific dominated the global high-purity quartz market in 2019. China is likely to retain the region's leading market share owing to the big industrial manufacturing base, a strong customer base, and easy availability of raw materials. Furthermore, the high presence of semiconductor wafer companies in Asia Pacifc is driving the market growth. North America is another key market of high-purity quartz, with a large number of production facilities. For instance, Quartz Corp., a leading provider of high quartz sand, sources some of the purest quartz in the region. In Europe, high-purity quartz is significantly used in the semiconductor industry owing to its superior efficiency and purity. High-purity quartz is also used in the region for manufacture of crucibles and quartz glass goods such as windows, tubes and rods. Middle East and Latin America shows stunted growth owing to the slow growth of electronic industry. Due to high cost, a number of companies purchase low purity grades or find alternatives. These factors are limiting the development of high-quality quartz market in these regions.
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Segmentation
ATTRIBUTE | DETAILS |
By Grade |
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By Application |
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By Geography |
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High-quality Quartz Industry Developments
- In 2019, Golovach Quartz, a manufacturer of high-purity quartz, launched a new mechanism to expand its high purity quartz production. The company enhanced its existing product portfolio to gain a competitive edge in the market.
- Ongoing
- 2023
- 2019-2022
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