BEIJING, 08 Dec. 2022 (GLOBE NEWSWIRE) — The Global High purity quartz market The size accounted for USD 901 million in 2021 and is expected to reach a market size of USD 1,469 million by 2030, growing at a CAGR of 5.8% from 2022 to 2030.
High Purity Quartz Market Statistics
- Global high purity quartz market revenue was USD 901 million in 2021 growing at a CAGR of 5.8% from 2022 to 2030
- Asia-Pacific accounted for 42.8% of high purity quartz market share in 2021
- North America High Purity Quartz Market Growth is Expected to Expand at a CAGR of 6.6% from 2022 to 2030
- By application, the semiconductor segment captures more than 36.2% of the total market share in 2021
- Growing focus on renewable energy use is boosting the market value of high-purity quartz
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High purity quartz market Cover:
|Market||High purity quartz market|
|High purity quartz market Size 2021||$901 million|
|High purity quartz market Forecast 2030||$1,469 million|
|High purity quartz market CAGR from 2022 to 2030||5.8%|
|High purity quartz market Analysis period||2018 – 2030|
|High purity quartz market Year of reference||2021|
|High purity quartz market Forecast data||2022 – 2030|
|Segments Covered||By application and by geography|
|High purity quartz market Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Profiled Key Companies||Nordic Mining ASA, Covia Holdings Corporation, Quartz Corporation, Creswick Quartz, Momentive Performance Materials Inc., Sibelco, Russian Quartz, Jiangsu Pacific Quartz Co., Ltd., I-Minerals Inc. and High Purity Quartz Pty Ltd.|
|Report cover||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis|
High Purity Quartz Market Overview
High purity quartz materials are excellent for use in the semiconductor industry, due to their dominant quality and excellent purity. High purity quartz is used in the semiconductor industry to make pots and quartz glass products such as poles, windows and tubes. High-purity quartz is also used in the production of silicon, which serves as the basis for the semiconductor wafers produced by Czochralski. The hearts of the semiconductor transition are Japan, Germany, South Korea and California. Quartz Corp, a US based company, is able to provide HPQ in these locations due to a large number of its offices in the US and Europe, and a good group of offers and promotions in Asia.
High Purity Quartz Market Trends
High purity quartz allows semiconductor components to tolerate high wafer processing temperatures. The increasing use of next-generation wafers in semiconductors is increasing the demand for high-purity quartz. Semiconductors are mainly used in the electronics industry. It is the most appropriate material for decisions to improve product execution. As a result, the use of high purity quartz in the semiconductor industry will increase in the coming years.
The increasing use of next-generation wafers in semiconductors is increasing the demand for high-purity quartz. The second largest application segment of the global high purity quartz market is based on solar energy. High purity quartz is mainly used in Czochralski cauldrons as well as in solar cells, frames and other photovoltaic equipment. High-purity quartz is used in a variety of ways, including the assembly of c-Si cells and modules embedded in cauldrons, quartz glass for tubes, photovoltaic cells, as well as other hardware, and the silicon metal, which is the base material for all c-Si photovoltaic modules. HPQ is used in a variety of quartz applications including xenon, halogen, HID and UPH automotive lighting. Glass used in incandescent lamps must have excellent optical transmission capabilities as well as the ability to withstand temperature extremes and thermal shock without warping. The tungsten fiber shines at 2500°C, a few millimeters from the glass. This application requires only high purity quartz glass.
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High Purity Quartz Market Segmentation
The global high purity quartz market has been segmented by Acumen Research and Consulting on the basis of application. By Application, the segment is separated into Semiconductors, Lightning, Optical, Solar and Others. According to the high purity quartz market forecast, the semiconductor category is expected to grow significantly over the next few years.
Regional Overview of High Purity Quartz Market
Based on region, the global high purity quartz market segmentation is done into Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America. According to an industry analysis of high purity quartz, Asia-Pacific dominated the global high purity quartz market in 2021. The growing number of solar-powered factories and manufacturing plants in the region is propelling Asia-Pacific industry. Due to their proximity to a promising semiconductor sector, China and Japan have a significant offer in the Asia-Pacific market. Due to the region’s natural reserves, such as mineral stockpiles, and abundant access to employment, major players are leaning towards resource placement in Asia-Pacific. North America is another major buyer of high-purity quartz, with a large number of players, high-purity mines, and assembly and production facilities in the region. The Quartz Corp is a notable supplier of high purity quartz sand from Spruce Pine (USA), the source of the world’s finest quartz, and Drag (NO).
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High Purity Quartz Market Players
Some of the major companies in the high purity quartz market are Nordic Mining ASA, Quartz Corporation, Momentive Performance Materials Inc., Russian Quartz, I-Minerals Inc., Covia Holdings Corporation, Creswick Quartz, Sibelco, Jiangsu Pacific Quartz Co., Ltd. ., and High Purity Quartz Pty Ltd.
Questions this report answers
- What was the market size of High Purity Quartz Market in 2021?
- What will be the CAGR of the High Purity Quartz Market during the forecast period from 2022 to 2030?
- Who are the key players in the Global High Purity Quartz Market?
- Which region held the largest High Purity Quartz market share in 2021?
- What are the key drivers of the High Purity Quartz Market?
- Who is the largest end user in the high purity quartz market?
- What will the high purity quartz market be worth in 2030?
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