Press Release Description

Global Quartz Market to Surge at CAGR of around 4.56% During 2024-2030

The Global Quartz Market is projected to grow at a CAGR of 4.56% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. The increasing water insecurity & water stress in several regions across the globe are facilitating the requirement for water treatment facilities. These water treatment facilities require quartz for water purification purposes. Therefore, the increasing development of these water treatment plants is amplifying the global Quartz market.

Additionally, the demand for quartz arises from construction industries since quartz is increasingly used in the development of quartz-based flooring & wall cladding. Along with this, Quartz possesses excellent physical and chemical properties, owing to which it is highly preferable for residential & commercial construction applications.

Furthermore, rapid urbanization and increasing infrastructure development & renovation activities would continue to boost the construction industry worldwide. This, in turn, would continue to escalate the demand for quartz products.

Moreover, the enterprises are transitioning towards sustainability. As a result, organizations are increasingly choosing sustainable materials for construction. The quartz-based surfaces and table tops could be made up of recyclable materials. Therefore, the adoption of quartz to develop sustainable building & construction materials would continue to enlarge market size, further states the research report, “Global Quartz Market Analysis, 2024.”

Global Quartz Market

Global Quartz Market Segmentation Analysis

Electronics & Semiconductor Leads the Global Quartz Market

Based on the End User segment, the market is further bifurcated into, Building & Construction, Medical, Electronics & Semiconductor, and Solar. Of them all, Electronics & Semiconductor holds a prominent market share in the global quartz market. In recent years, there has been rapid advancement in electronic devices, miniaturization trends, growth in wireless technologies, and the increasing penetration of smart devices. As a result, the demand for quartz to generate an electric charge within these electrical devices is driving the requirement for quartz in the electronics & semiconductor industry. Additionally, the quartz offers excellent thermal & chemical resistance, superior electrical conductivity, and precise frequency control. As a result, the top companies in the industry use quartz to develop electronic components & gadgets. Moreover, Quartz crystals & oscillators offer excellent size-to-performance ratios, which is why they suit well for miniaturized electronic devices. Hence, the growing demand for smaller electronic devices is spurring growth in the global quartz market around the electronics & semiconductor sector.

Asia-Pacific Dominates the Global Quartz Market

The abundant availability of quartz reserves in China, India, & South Korea, the major producers & consumers of quartz, and its ever-increasing demand in electronics & semiconductor industries, which are the largest end-users of quartz, for the production of quartz crystals, oscillators, filters, & resonators are driving the Asia-Pacific Quartz Market. The wide availability of natural resources in these countries promotes the massive production of quartz and makes it a cost-effective & convenient source for both local use & exports. Moreover, the flourishing construction sector, backed by rapid urbanization and the rise in infrastructure development projects, further contributes to the burgeoning demand for quartz in the region for applications like countertops, tiles, & decorative elements and, consequently, fuels the regional market growth.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including (The Quartz Corporation, Quality Quartz Engineering, Momentive Technologies, Saint Gobain, Kyocera Corporation, Pokarna Group, AGC Inc., Nihon Dempa Kogyo Co. Ltd., Caesarstone Ltd., Swift Glass Company, Abrisa Technologies, Industrial Quartz Corporation, Sibelco Quartz, Murata Manufacturing, and Heraeus Holding.) are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

  1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
  2. What are the trends influencing the current scenario of the market?
  3. What key factors would propel and impede the industry across the region?
  4. How has the industry been evolving in terms of geography & product adoption?
  5. How has the competition been shaping across various regions?
  6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
  7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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