High Purity Quartz Market
High Purity Quartz Market Overview
High Purity Quartz Market size is forecast to reach $703.4 million by 2025, after growing at a CAGR of 6.5% during 2020-2025. The growing semiconductor industry is the key factor which is projected to boost the global high-purity quartz industry, along with the growing demand for technical innovations and electronics industry. The growing need for improved network capacity, increased use of new-age wafers in semiconductors and increased internet penetration around the world raises demand for high-purity quartz glass in optic-fiber. Also, the full swing of research and development activities on the high-pure quartz market, new technologies have regularly grown in the past decade, which has driven the growth of the high purity quartz industry over the forecast period.
The report "High Purity Quartz Market- Forecast (2020-2025)", by IndustryARC, covers an in-depth analysis of the following segments of the high purity quartz market.
By Form: Powder, Sand, Rock, Pebble, and Others
By Purity: 99.95% SiO2, 99.99% SiO2, 99.997% and 99.998% SiO2, and 99.999% SiO2
By Application: Semiconductor, Solar, Lighting (Automotive Xenon, Halogen, HID Lamps, UHP Lamps, and Others), Telecommunication and Optics, Microelectronics, Ceramics, Specialty Glass (LCD, Lenses, Laboratory Glassware, and Others), High Purity Fillers (Paints, Resins, Abrasives, and Others), and Others
By End Use: Transportation (Automotive (Passenger Cars and Commercial Vehicles), Aerospace, Marine, Locomotive)), Consumer Goods, Healthcare, Energy and Power, Electrical and Electronics, Building and Construction, and Others
By Geography: North America, South America, Europe, Asia Pacific, and Rest of World.
In the APAC region, the efficiency of high-quality quartz processing techniques has however increased by a large margin due to improvement in technology, increasing investment in emerging regions such as India and China and rapid industrialization in those regions.
The demand for solar components and resources has seen tremendous development, due to the increasing environmental problems and a growing focus on using greener sources of energy, which in turn has direct impact for the growth of the global high-purity quartz industry.
As research and development in the high-purity quartz industry are in full swing, over the last decade new possible applications for the same have regularly arisen, resulting in a growing global demand for high-purity quartz.
Moreover, the COVID-19 pandemic and nationwide lockdown has deteriorated all sectors including the manufacturing sector that has slowed down the demand for goods production and exports of the high-purity quartz market.
High Purity Quartz Market Segment Analysis - By Form
Quartz sand held the largest share in the high purity quartz market in 2019. Quartz sand as an important industrial mineral raw material is widely used in aerospace, electronics, machinery, IT, petroleum, and more. Demand for high purity quartz sand has risen from the semiconductor sector over the years. In the semiconductor market, there are no substitutes for high purity quartz sand, which is intended to ensure market growth in the long run. Apart from semiconductor application, solar energy sector will also play a major role in the growth of the high purity quartz sand market during the forecast period. According to International Trade Centre (ITC), the total export values of silica sands and quartz sands increased from USD 10,58,411 thousand in 2017 to USD 11,61,290 thousand in 2019. Thus, the increasing demand of high purity quartz sands from various end-use industries for various applications would drive the market for high purity quartz in the forecast period.
High Purity Quartz Market Segment Analysis - By Purity
High Purity Quartz Market Segment Analysis - By Application
Semiconductors held the largest share in the high purity quartz market in 2019. Silicon dioxide (SiO2) is the key element of high purity quartz sand. Pure crystalline SiO2 displays piezoelectric effect, which is used in computer chip production and semiconductor technology, thus quartz is used in semiconductor industry. Extremely high purity quartz is used in the semiconductor industry to produce silicon wafers, but this is rare and costly. Pure quartz sand is used to make silicon metal semiconductors for transistors, in the development of microelectronics, integrated circuits and the silicon chip. So, with the growing usage of high purity quartz in the semiconductor for transistors, ICs and others the high purity quartz market is expected to grow.
High Purity Quartz Market Segment Analysis - By End Use
Electrical and electronics sector held the largest share in the high purity quartz market in 2019 and is estimated to rise at a CAGR of 7.2% in terms of revenue during the forecast period from 2020-2025. High purity quartz is widely used crystal when it comes to conducting electricity. It produces electrical reaction, mineral with this ability are known as piezoelectric. By applying a charge, physical stress, or heat electrical reaction can be created. Whereas in electronics high purity quartz is used in radios, computers, televisions and watches because of its conductive properties. Therefore, with the rising electrical and electronics sector, the growth for high purity quartz market is anticipated to rise in the forecast period.
High Purity Quartz Market Segment Analysis - By Geography
APAC dominated the high purity quartz market in terms of revenue with a share of 50.6% in 2019 and is projected to dominate the market during the forecast period (2020-2025). The high-purity quartz demand in Asia Pacific is led by a rise in the number of solar and fabrication plants in the region. Because of the country's promising semiconductor industry, China and Japan have a significant market share. The Socio-economic changes in China have been the driving force behind the growing demand for semiconductor and solar industry. In May 2015, the Chinese government launched "Made in China 2025," an initiative designed to develop select manufacturing sectors in to worldwide industry leaders. The announcement of the Made in China 2025 initiative reiterated China's focus on next-generation information technology, with reference to semiconductors and, more specifically, ICs. According to the International Trade Administration (ITA), Japan's electronic products industry is the third-largest in the world, is the most significant factor driving demand for sales of semiconductors in Japan. Thus, growing development in various end-use industries in this region will further drive the market for high purity quartz in the forecast period.
High Purity Quartz Market Drivers
Increase in the demand from semiconductor industry.
High purity quartz products offer superior quality and excellent purity and are ideal for use in the semiconductor industry. In the semiconductor industry, high-purity quartz is used to produce crucibles and quartz glass products, such as windows, tubes, and rods. Quartz caps and opaque quartz rings also made from high-purity fused quartz are other products used in semiconductor manufacturing. Holders of semiconductor wafers are composed of rods and ingots made from fused quartz glass; in terms of air streaks and inclusions and size distributions, the specifications for fused quartz to manufacture plate halt are very stringent. Also, the major use of semiconductors is seen mostly in the electronics industry. The U.S. semiconductor industry has been a leader in technological development worldwide for over 50 years. According to the Semiconductor Industry Association (SIA), in 2019, the total R&D investment in U.S. Semiconductor industry totaled 39.8 billion dollars. Since high purity quartz is the most preferred material of choice to enhance the performance of products in the semiconductor industry. In turn, this would fuel the use in the semiconductor industry of high-purity quartz in the coming years.
Increasing adoption of high purity quartz in the solar industry
The raw material used in the solar cell industry to produce crucibles is high pure quartz (HPQ) sand. As the cost of solar is decreasing and efficiency continues to rise, solar becomes increasingly viable worldwide. The most economical option for meeting the steady rise in quality requirements in the solar industry is highly pure quartz sand. For all c-Si PV modules silicon is considered as the base material. In the production of multi-crystalline silicone for use in solar PV cells, large rectangular crucibles are used. Also, monocrystalline silicon processing includes rounded crypts made of pure solar quartz. Gradually, numerous countries around the world are focusing on renewable sources of clean energy. The Central Government spends 30 percent of the benchmark installation cost for PV rooftop systems according to the Ministry of New and Renewable Energy. Therefore, rising initiatives by governments and the growth of the solar industry is projected to fuel the global market for high purity quartz during the forecast period.
High Purity Quartz Market Challenges
Volatility of raw material prices and the high cost of high-purity quartz can hinder the market growth
Every-industry from supermarkets to white goods, electronics, and automobiles have an adverse effect on increasing volatile raw material prices. A decisive role is played by the reduced accessibility of raw materials. The purchase of raw materials is under threat as trade restrictions continue to grow. Companies requiring industrial raw materials for high purity quartz production, in particular, face major challenges. High purity quartz, particularly in the microelectronics and electronics industries, is considered one of the most important minerals. However, issues such as the presence of impurities are faced by highly pure quartz, which has led several electronic companies either to buy low-purity quartz or to find alternatives. High costs for high purity quartz and ultra-high-purity quartz acts as a market constraint. The price of high purity quartz begins at 5,000 dollars per ton and can sometimes be priced higher than 5,000 dollars per ton. Due to the above-mentioned factors, high purity quartz is anticipated to get struggled to achieve widespread adoption.
High Purity Quartz Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the high purity quartz market. Major players in the high purity quartz market are Sibelco, The Quartz Corporation, Jiangsu Pacific Quartz Co., Ltd., Russia Quartz LLC, High Purity Quartz Ltd, Donghai Shihu Quartz Co., Ltd., Creswick Quartz, Covia Holdings Corporation, TopTradeWay (TTW), and Solar Quartz Technologies Corporation among others.
In September 2016, Jiangsu Pacific Quartz Co Ltd. established a branch in Shanghai, which is engaged in sales of quartz tube, quartz sand and other quartz related products.
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