GLOBAL QUARTZ MARKET 2020-2028

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Triton Market Research predicts that the global quartz market, that was valued at $6.49 billion in 2019, is expected to reach $9.91 billion by 2028, growing at a CAGR of 4.94% during the forecast period. Quartz, also known as crystalline silica, exhibits unique electrical and electronic features.
At high temperatures, it can act as a metal that is a good conductor of electricity and at low temperatures, it acts as an insulator. Its unusual properties make it a viable choice in the global technological market, starting first in the transistor market, then in the world of integrated circuits and finally, in the manufacturing of computer chips.
Triton Market Research’s report on quartz market provides an in-depth insight of the market. The detailed analysis of the market includes key insights, Porter’s five force analysis, market attractiveness index, vendor scorecard and industry components.
https://www.tritonmarketresearch.com/reports/quartz-market#request-free-sample Widening applications of quartz in different end-user industries, especially semiconductors and solar PV cells is the key growth enabler for the market. The growing demand for semiconductors is expected to increase the demand for high-purity quartz across the world.
The semiconductor industry consumes high-purity quartz sand, high-purity quartz glass, crucibles, etc., for various applications. High-purity quartz crucible is used in wafer etching parts, handling systems during semiconductor device fabrication, as they are able to withstand the chemical and temperature extremes of wafer processing.
Further, quartz is used as a raw material in silicon metal, which is used in photovoltaic solar cells for environmentally-sound energy production. The solar industry consumes crucibles and glassware in PV production.
Other than the market drivers, increased utilization of quartz in fiber optic cables and the optic lenses sector will be a great opportunity for the market. Also, superfine quartz powder, owing to its excellent dielectric properties, low thermal expansion co-efficiency, high thermal conductivity, excellent physical properties and high chemical stability, is gaining acceptance in a wide range of applications.
The development of the ultrafine powder industry is expected to increase the demand of quartz powder in several applications significantly. However, the mining of quartz has a visible impact on the environment.
A white color formation is clearly visible from a mile’s distance. Several studies have suggested that this coloration affects microbial communities.
Also, it is reported that natural restoration is not very successful, as quartz is resistant to environmental conditions. This additionally burdens the mining companies to ensure artificial restoration by increasing microbial activity in the mining area.
Key geographies covered in global quartz market are: •         North America: United States and Canada •         Europe: United Kingdom, France, Germany, Spain, Italy, Russia and Rest of Europe •         Asia-Pacific: China, Japan, India, Australia, South Korea, ASEAN Countries and Rest of Asia-Pacific •         Latin America: Brazil, Mexico and Rest of Latin America •         The Middle East and Africa: Saudi Arabia, Turkey, United Arab Emirates, South Africa and Rest of Middle East & Africa The segmentation analysis of the quartz msrket is as follows: •         Type segment includes: o        High-purity Quartz •         Quartz Surface and Tile •         Fused Quartz Crucible •         Quartz Glass o        Quartz Crystal o        Silicon Metal •         Application segment includes: o        Electronics and Semiconductor o        Solar o        Buildings and Constructions o        Optical Fiber and Telecommunication o        Automotive o        Other Applications The top companies of the quartz are Elkem ASA, Jiangsu Pacific Quartz Co Ltd, Saint Gobain, Ferroglobe, Beijing Kaide, Quartz Co Ltd, Dow, The Quartz Corporation, AGC Inc (Formerly Asahi Glass Co Ltd), Rusnano Group, Momentive, Nihon Dempa Kogyo Co Ltd, Sumco Corporation, Nordic Mining ASA, Heraeus Holding, and Sibelco, amongst others. Source: Free Articles from ArticlesFactory.com We are a leading market research company providing you with syndicated market insights, customized research reports and cost-effective consulting services for constructive decision making..