Increasing demand for binoculars and microscopes adds to the growing consumption of clear quartz in the coming years.
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Quartz rock is a material consisting of Silicon and Oxygen atoms with a six sided prism. It is available in different sizes, colors, and forms.
The Quartz Market has applications in the glass making, petroleum, construction, and solar industry. The semiconductor industry is the main driver for clear quartz during the forecast period.
High purity, compressive strength, and low thermal conductivity are the reasons for using quartz for semiconductors. Growth of the electronics industry is also another factor for the demand for quartz material.
High quality pure quartz is preferred, since it is non reactive.
Scope & Regional Forecast of the Quartz Market
Increasing demand for solar PV across the globe propels the Quartz Market. Transparent quartz forms an important component in the manufacturing of solar C-Si cells.
Increasing demand for the quartz mineral group is expected from the wafer fab units and the change from 300 mm to 450 mm wafer manufacturing.
Asia Pacific countries like China, Japan, and Korea have a major share in the market. This is attributed to presence of quartz gems.
North America will have a larger production of the product due to the presence of Spruce Pine. It is second largest region in the market due to quartz manufacturers like Momentive Performance Materials.
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Low and medium grades of quartz mineral group are used to make tubing for high intensity lighting which is required for highly specific vehicles. Expansion of the telecom industry also enhances the growth of the raw quartz stone, especially from the major optical fiber manufacturers.
Segmentations & Key Players Involved in the Quartz Market
The Quartz Market can be broken down into various segments as follows:
- Type- Quartz Surface, Quartz Tile, and Others.
- Application- Residential Quartz and Commercial Quartz.
- Region- North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Russia, Spain etc), South America (Brazil, Argentina etc), Middle East & Africa (Saudi Arabia, South Africa etc).
Some of the key players involved in the Quartz Market are as follows:
- Cosentino Group
- Hanwha L&C
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