Quartz Market by Product (Quartz Surface & Tile, High-Purity Quartz, Quartz Glass, Quartz Crystal, Quartz Sand, and Other) and End-User Industry (Electronics & Semiconductor, Solar, Buildings & Construction, Medical, Optics & Telecommunication, and Other): Global Opportunity Analysis and Industry Forecast, 2019–2026
The global quartz market was valued at $8.23 billion in 2018 and is projected to reach $13.61 billion by 2026, growing at a CAGR of 6.4% from 2019 to 2026. Quartz is a chemical compound made up of silicon and oxygen. Quartz is abundantly found in igneous rocks, metamorphic rocks, and sedimentary rocks, in different colors such as white, gray, purple, yellow, brown, black, pink, green, and red. It has electrical and heat resistance properties which makes it viable to use in electronic products.
Rise in demand for quartz material in the jewelry industry drives the quartz market growth. Moreover, different uses of quartz in the glass manufacturing industry for eye wear, telescopes, microscopes, glass containers, and prisms also act as a driving factor for the growth of the market. In addition, rise in demand for quartz sand in the petroleum industry is expected to boost the market growth. However, there are certain factors expected to hamper the growth of the markets. Quartz gets damaged by excessive heat and is costly. This factor is expected to restrain the growth of the market. Use of graphite instead of quartz is also one of the factor predicted to hamper the growth of the market. The global quartz market is yet to explore its full potential. The ongoing investment in quartz R&D activities to develop high purity quartz is expected to offer growth opportunities to the market.
The global quartz market is segmented into product, end-user industry, and region. By product, it is classified into quartz surface and tile, high-purity quartz, quartz glass,
quartz crystal, quartz sand, and other. By end-user industry, it is divided into electronics and semiconductor, solar, buildings and construction, medical, optics and telecommunication, and other. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Major key players operating in the quartz industry includes Baba Quartz, QQE, Momentive, Saint-Gobain, Quartz Corporation, High Purity Quartz Pty Ltd., DuPont, and Caeserstone.
KEY BENEFITS FOR STAKEHOLDERS
Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
It outlines the current trends and future scenario of the quartz market from 2019 to 2026 to understand the prevailing opportunities and potential investment pockets.
Major countries in four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and quartz market opportunities and their detailed impact analysis are elucidated in the study.
The profiles of key players along with their key strategic developments are enlisted in the report.
KEY MARKET SEGMENTS
Quartz Surface and Tile
By End-use Industry
Electronics and Semiconductor
Buildings and Construction
Optics and Telecommunication
Rest of Europe
Rest of LAMEA
Rest of LAMEA
High Purity Quartz Pty Ltd.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook