High-Purity Quartz Market Set to Touch US$ 7.0 Billion by 2030 With a Significant CAGR of 5.6%, According to RationalStat
[High-Purity Quartz Market Report 2023-2030] The global high-purity quartz market is expected to reach US$ 7.0 billion by 2030, with an annual growth rate of 5.6%
Wilmington, Delaware, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Global High-Purity Quartz Market value is US$ 4.8 billion in 2023 and is predicted to rise at a substantial CAGR of 5.6% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
High-purity quartz (HPQ) is quartz that is entirely made of silicon dioxide (SiO2) and includes only tiny amounts of contaminants such as iron, aluminum, and titanium. It is a highly specialized and valuable variety of quartz that is largely utilized in the manufacture of semiconductors, solar panels, high-temperature lamp tubing, telecommunications, and other high-tech applications.
The transition to renewable energy sources and ecologically friendly technologies, such as solar energy, has raised demand for high-purity quartz, which is essential in the production of clean energy solutions. The global high-purity quartz market is expanding, owing to the increased use of high-tech applications in a variety of industries.
According to a deep-dive market assessment by RationalStat, the global High-Purity Quartz market has been analyzed on the basis of market segments, including application, form, end user and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
Market intelligence for the global High-Purity Quartz market covers market sizes on the basis of market value (US$/EUR Million) and volume (Kg/Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
In addition, the long-term sector and products/services 10-year outlook and its implications on the global High-Purity Quartz market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global High-Purity Quartz Market: Segmental and Market Share Analysis
On the basis of application, in 2022, the semiconductor application segment dominated the high-purity quartz market, accounting for a significant portion of the market.
On the basis of region, the Asia-Pacific region dominated the global high-purity quartz market in terms of revenue and is expected to maintain its dominance during the forecast period of 2023-2030.
Report Synopsis
Report Metrics | Details |
Base Year | 2023 |
Forecast Period | 2023-2030 |
Base Year Market Size | US$ 4.8 billion |
Market Size Forecast | US$ 7.0 billion |
Growth Rate | 5.6% |
Key Market Drivers |
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Companies Profiled |
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Competition Analysis and Market Structure
Prominent companies and leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global high-purity quartz market include,
In October 2022, Jiangsu Pacific Quartz announced a US$ 447 million capacity expansion plan. The project is scheduled to be divided into three segments, each with an annual capacity of 60,000 tons of high-purity quartz sand.
Some of the prominent players and suppliers operating and contributing significantly to the global high-purity quartz market growth include Quartz Corporation, The Quartz Corp, Unimin Corporation, Heraeus Holding GmbH, and Sibelco, among others.
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Market Segmentation and Table of Content:
RationalStat has segmented the global high-purity quartz market based on application, form, end user, and region
Global High-Purity Quartz Market Value (US$ Million), Volume (Kg/Tons), and Market Share (2019-2030) Analysis by Application
Semiconductors
Solar Panels
Fiber Optics
Others
Global High-Purity Quartz Market Value (US$ Million), Volume (Kg/Tons), and Market Share (2019-2030) Analysis by Form
Powder
Granules
Chips
Global High-Purity Quartz Market Value (US$ Million), Volume (Kg/Tons), and Market Share (2019-2030) Analysis by End User
Electronics
Energy
Others
Global High-Purity Quartz Market Value (US$ Million), Volume (Kg/Tons), and Market Share (2019-2030) Analysis by Region
North America High-Purity Quartz Market
US
Canada
Latin America High-Purity Quartz Market
Brazil
Mexico
Rest of Latin America
Western Europe High-Purity Quartz Market
Germany
UK
France
Spain
Italy
Benelux
Nordic
Rest of Western Europe
Eastern Europe High-Purity Quartz Market
Russia
Poland
Hungary
Other CIS Countries
Rest of Eastern Europe
Asia Pacific High-Purity Quartz Market
China
Japan
India
South Korea
Australia
ASEAN
Indonesia
Thailand
Philippines
Vietnam
Malaysia
Rest of ASEAN
Rest of Asia Pacific
Middle East & Africa High-Purity Quartz Market
GCC
Saudi Arabia (KSA)
United Arab Emirates (UAE)
Rest of the GCC
South Africa
Nigeria
Turkey
Rest of the Middle East & Africa
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Key Questions Answered in the High-Purity Quartz Report:
What will be the market value of the global high-purity quartz market by 2030?
What is the market size of the global high-purity quartz market?
What are the market drivers of the global high-purity quartz market?
What are the key trends in the global high-purity quartz market?
Which is the leading region in the global high-purity quartz market?
What are the major companies operating in the global high-purity quartz market?
What are the market shares by key segments in the global high-purity quartz market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
Defining the problem by understanding the type of market and data required by the client.
Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
Evaluating and analyzing the data by referring to data sources utilized and leveraged.
Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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