High Purity Quartz Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 672.93 Million |
| Market Size (2029) | USD 847.46 Million |
| CAGR (2024 - 2029) | > 4.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
High Purity Quartz Market Analysis
The High Purity Quartz Market size is estimated at USD 672.93 million in 2024, and is expected to reach USD 847.46 million by 2029, growing at a CAGR of greater than 4.5% during the forecast period (2024-2029).
The market was negatively impacted by COVID-19 in 2020. Due to the COVID-19 outbreak, the semiconductor industry was significantly affected. It, in turn, unfavorably impacted the consumption of high-purity quartz. However, semiconductor companies across the globe were focusing on the implications of some near-term actions in response to COVID-19, such as ensuring that vendors and supply chain partners include business continuity plans in place and maintaining cyber vigilance. The market grew steadily as semiconductor production observed growth in 2021 and 2022 and is expected to grow over the forecast period.
- Over the short term, growing demand for high-purity quartz in the manufacturing of semiconductor ICs, coupled with increasing adoption of HPQ in the solar industry across the globe, are some of the driving factors that are stimulating the market demand.
- However, fluctuating prices of raw materials for high-purity quartz are a major factor hindering the growth of the target market.
- Nevertheless, growing preferences for high-purity quartz in the manufacturing of Si metal and growth of the solar energy sector are likely to create gaiful opportunities over the forecast period.
- Asia-Pacific region is likely to dominate the market and is also expected to witness the highest CAGR during the forecast period. This growth is attributed to massive investment in solar plants in China, India, Japan and ASEAN Countries.
High Purity Quartz Market Trends
Growing Demand from Semiconductor Industry
- High-purity quartz is used within the semiconductor industry in the manufacturing of crucibles and quartz glass products such as tubes, rods, and windows. It is due to its superior properties, such as high silicon content and excellent purity.
- High-purity quartz is primarily used in the manufacturing of silicon metal. It is a base material in the production of semiconductor wafers.
- Silicon acts as an insulator at low temperatures and a smooth conductor of electricity at high temperatures, which is why it is used in the production of various semiconductor products such as integrated circuit boards, transistors, microchips, etc. Hence, growing demand for new-generation wafers from the semiconductor industry is anticipated to enhance the HPQ consumption rate.
- Additionally, the increasing penetration of the Internet of Things (IoT) has led to a substantial increase in demand for semiconductor ICs, which is a key factor driving the demand for high-purity quartz.
- Moreover, the growing semiconductor industry is expected to create huge demand for HPQ. It thereby boosts the growth of the target market over the forecast period.
- According to the Semiconductor Industry Association (SIA), the semiconductor industry sales totaled USD 574.1 billion in 2022 globally, registering an increase of 3.3% compared to 2021 with USD 555.9 billion.
- Furthermore, geographically, Americas saw the largest increase (16.2%) in the sales of semiconductors in 2022. China tops the market for semiconductors, with sales totaling USD 180.4 billion in 2022, a decrease of 6.2% compared to 2021. Moreover, annual sales also increased in 2022 in Europe (12.8%) and Japan (10.2%).
- Therefore, considering the factors above, the demand for high-purity quartz is expected to rise in the semiconductor application segment significantly in the near future.
Asia-Pacific Region to Dominate the Market
- Growing installations of solar PV, along with the high adoption of high-purity quartz from various end-use industries across Asian countries, including India, China, and Japan, are the notable factors that are driving the growth in Asia Pacific.
- Increasing penetration of the Internet of things, growing demand for high bandwidth networks, and rising optical fibers and telecommunication industry are among the major factors expected to fuel the growth of the Asia Pacifica high purity quartz industry in the next few years.
- In 2023, China Telecom announced an investment of CNY 3 billion (USD 434 million) to establish the China Telecom Quantum Information Technology Group Co. The new company was established with a focus on developing quantum technology, stepping up the pace of quantum product updates, and promoting the industry nationwide.
- According to the China Electricity Council, as of 2022, China installed a solar power capacity of over 390 GW. China made enormous strides in building its solar power capacity within the past decade, growing cumulative capacity from only 4.2 GW in 2012 to 392.6 GW in 2022.
- Additionally, the region is anticipated to dominate the target market over the forecast period as China is the hub for semiconductors and electronics and industry.
- Moreover, in India, rapid industrialization, growing installations of solar plants, increasing government support for the use of solar, and rising adoption of advanced electronics are factors propelling demand for high-purity quartz and thereby boosting the growth of the market.
- In order to bring in a green revolution in India, the Indian government set an ambitious target of having 500 GW of installed renewable energy by 2030. It includes the installation of 280 GW of solar power, which in turn will increase the demand for high-purity quartz in the country.
- Additionally. according to the Indian Electronics and Semiconductor Association, the semiconductor market in India is expected to value USD 64 billion by 2026. The ongoing “Make In India” initiative is expected to attract investments in the semiconductor industry in the country.
- In June 2023, Micron Technology Inc., one of the major semiconductor manufacturers, announced its investment of USD 825 million to set up assembly and test manufacturing centers for semiconductors in Gujarat, India. The facility is expected to be operational by the end of 2024.
- All the above factors are likely to fuel the growth of the Asia-Pacific high-purity quartz market over the forecast period.
High Purity Quartz Industry Overview
The high-purity quartz market is partially fragmented in nature. Some of the major players in the market (not in any particular order) include Sibelco, The Quartz Corp., Russian Quartz LLC, Jiangsu Pacific Quartz Co., Ltd., and Australian Silica Quartz Group Ltd., among others.
High Purity Quartz Market Leaders
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Sibelco
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The Quartz Corp.
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Russian Quartz LLC
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Jiangsu Pacific Quartz Co., Ltd.
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Australian Silica Quartz Group Ltd
*Disclaimer: Major Players sorted in no particular order
High Purity Quartz Market News
- April 2023: Sibelco announced an investment of approx. USD 200 million to double high purity quartz (HPQ) installed capacity at its Spruce Pine facility in North Carolina, United States.
High Purity Quartz Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand for Semiconductor ICs
4.1.2 Increasing Adoption in Solar Industry
4.1.3 Other Drivers
4.2 Restraints
4.2.1 The Fluctuating Prices of Raw Materials
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
5.1 Application
5.1.1 Semiconductor
5.1.2 Solar
5.1.3 Lighting
5.1.4 Telecom and Optics
5.1.5 Microelectronics
5.1.6 Others
5.2 Geography
5.2.1 Asia-Pacific
5.2.1.1 China
5.2.1.2 India
5.2.1.3 Japan
5.2.1.4 South Korea
5.2.1.5 Rest of Asia-Pacific
5.2.2 North America
5.2.2.1 United States
5.2.2.2 Canada
5.2.2.3 Mexico
5.2.3 Europe
5.2.3.1 Germany
5.2.3.2 United Kingdom
5.2.3.3 Italy
5.2.3.4 France
5.2.3.5 Rest of Europe
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle-East and Africa
5.2.5.1 Saudi Arabia
5.2.5.2 South Africa
5.2.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 American Elements
6.4.2 Australian Silica Quartz Group Ltd
6.4.3 Covia Holdings LLC.
6.4.4 Imerys
6.4.5 Jiangsu Pacific Quartz Co., Ltd.
6.4.6 Momentive Technologies
6.4.7 Russian Quartz LLC
6.4.8 Sibelco
6.4.9 The Quartz Corp.
6.4.10 ULTRA HPQ
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Emerging Applications of High Purity Quartz
7.2 Other opportunities
High Purity Quartz Industry Segmentation
High-purity quartz contains less than 50μg g−1 of impurities or a grade of >99.997% silicon dioxide (SiO2). It mainly includes structurally bound trace elements in the quartz lattice, micromineral inclusions, and entrapped liquid. It is a material with superior mechanical, optical, and thermal properties, which make it indispensable in the production of an extensive range of high-tech products. High-purity quartz finds applications in solar panels, silicon metal, semiconductors, and high-tech glass.
The high-purity quartz market is segmented on the basis of application and geography. By application, the market is segmented into semiconductor, solar, lighting, telecom and optics, microelectronics, and other applications. The report also covers the market size and forecasts for the high-purity quartz market in 15 countries across major regions. For each segment, the market sizing and forecasts are done based on value (USD).
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| Semiconductor | |
| Solar | |
| Lighting | |
| Telecom and Optics | |
| Microelectronics | |
| Others |
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High Purity Quartz Market Research FAQs
How big is the High Purity Quartz Market?
The High Purity Quartz Market size is expected to reach USD 672.93 million in 2024 and grow at a CAGR of greater than 4.5% to reach USD 847.46 million by 2029.
What is the current High Purity Quartz Market size?
In 2024, the High Purity Quartz Market size is expected to reach USD 672.93 million.
Who are the key players in High Purity Quartz Market?
Sibelco, The Quartz Corp., Russian Quartz LLC, Jiangsu Pacific Quartz Co., Ltd. and Australian Silica Quartz Group Ltd are the major companies operating in the High Purity Quartz Market.
Which is the fastest growing region in High Purity Quartz Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in High Purity Quartz Market?
In 2024, the Asia-Pacific accounts for the largest market share in High Purity Quartz Market.
What years does this High Purity Quartz Market cover, and what was the market size in 2023?
In 2023, the High Purity Quartz Market size was estimated at USD 642.65 million. The report covers the High Purity Quartz Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the High Purity Quartz Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
High Purity Quartz Industry Report
The High Purity Quartz Sand Market Report presents a comprehensive industry overview, segmented by application and geography. Covering sectors such as semiconductor, solar, lighting, telecom and optics, microelectronics, and others, this report provides valuable industry information and market data. The analysis includes a market forecast outlook, highlighting market growth and market trends over the forecast period.
The report offers an in-depth industry analysis, examining market segmentation and market value across regions like Asia-Pacific, North America, Europe, South America, and Middle-East and Africa. It also reviews market leaders and their contributions to the industry size. The industry reports detail market predictions and market review, supported by market research and industry statistics.
With insights into industry sales and market outlook, the report serves as an essential resource for understanding the global market dynamics. The industry research is backed by market report data, ensuring accurate and reliable market analysis. The report example and report pdf provide a detailed examination of the high purity quartz market, including historical overview and future market forecast. Research companies can utilize this report to gain a deeper understanding of industry trends and growth rate, aiding in strategic decision-making.
