ASIA-PACIFIC QUARTZ MARKET 2020-2028

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According to a Triton Market Research report, the quartz market in the Asia-Pacific region is set to grow at a CAGR of 5.07% during the forecasted period 2020-2028. The countries studied in the Asia-Pacific quartz market are: •         ASEAN countries •         Japan •         India •         South Korea •         China •         Australia & New Zealand •         Rest of APAC countries Asian countries like China are prominent exporters of quartz, gaining approximately $63.82 million worth total exports in 2018.
The country has tremendous growth in the electronic production segment of devices like tablets, OLED TVs, smartphones and earphones. Apart from catering to the domestic need, these electronics are also exported to other nations.
As quartz is used in the manufacturing of these devices, the growth in this sector will affect the quartz market positively. https://www.tritonmarketresearch.com/reports/asia-pacific-quartz-market#request-free-sample Hong Kong’s housing authorities launched several measures towards the growth of low-cost housing.
It also allocated a 7% hike in the 2018-2019 budget allocation for the construction sector. Quartz finds applications in the manufacturing of building materials, like cement, strong blocks and decorative tiles.
Thus, the growing construction sector is expected to increase the demand for quartz over the forthcoming years. Moreover, over the years, China has been making massive investments in alternative energy sources like hydro, solar PV and wind.
Quartz is also used in the manufacturing of solar components. Quartz also finds its application in the foundry industry, where it can be used for sandblasting and mold preparation, owing to its particular property to withstand very high temperatures, without distorting its structure.
The rise in solar panels usage and the growing foundry market will lead to a rise in the consumption of quartz in the country. With the increasing investments, the housing sector in Japan has witnessed a gradual growth during the past few years.
The rising aging population in the country is leading to the increasing construction of new and refurbished healthcare buildings. The Japanese government has been making considerable investments in the reconstruction of properties that were destroyed by natural disasters.
Quartz is increasingly used in the manufacturing of construction materials. Hence, a growth in the construction industry  indicates increased applications of quartz and thereby increased growth in the quartz market.
AGC Inc, formerly Asahi Glass Co Ltd, is a company engaged in the manufacturing and marketing of chemicals, glass, ceramics and electronic components, among others. The company provides a wide range of products, including LCD glass substrates, automotive glass, lightening glass products and glass for the solar power system, among others.
Headquartered in Tokyo, Japan, the company has business operations in Asia, Europe, and the Americas.  Few notable competitors in the quartz market are Dow, Heraeus Holding, Momentive, The Quartz Corporation, Sumco Corporation, Nordic Mining ASA, AGC Inc (Formerly Asahi Glass Co Ltd), Elkem ASA, Jiangsu Pacific Quartz Co Ltd, Saint Gobain, Ferroglobe, Beijing Kaide, Quartz Co Ltd, Rusnano Group, Nihon Dempa Kogyo Co Ltd and Sibelco.
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