Press Release Description

Quartz Market to Witness Significant Expansion with the Rise in Construction Activities Worldwide

According to MarkNtel Advisors, the Global Quartz Market is set to record around 5.8% CAGR during 2023-28. The increasing demand for quartz from the electronics & semiconductor, as well as construction industries, is projected to drive the market in the future. Quartz possesses excellent physical, chemical, & electrical properties, owing to which it is used widely in residential & commercial construction applications, including countertops, flooring, wall cladding, & other surfaces.

Hence, with rapid urbanization and increasing infrastructure development & renovation activities, the construction industry is booming worldwide and, in turn, escalating the demand for quartz products. Moreover, the rising sales of electronic products like laptops, smartphones, TVs, smartwatches, & smart home devices, which are instigating the production of more & more semiconductors, are boosting the demand for HPQ (High Purity Quartz) on account of its excellent electrical & heat resistance properties and, in turn, fueling the overall market growth, further states the research report, "Global Quartz Market Research Analysis, 2023."

Global Quartz Market

Massive Demand for Quartz in the Electronics & Semiconductor Industry

Rapid advancements in electronic devices, miniaturization trends, growth in wireless technologies, and the increasing penetration of smart devices are driving the demand for quartz in the electronics & semiconductor industry, mainly for its excellent thermal & chemical resistance, superior electrical conductivity, and precise frequency control. 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 to continue dominating the Quartz Market through 2028

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

The key companies in the Global Quartz Market include The Quartz Corporation, Quality Quartz Engineering, Momentive Technologies, Saint Gobain, Kyocera Corporation, TXC Corporation, AGC Inc., Nihon Dempa Kogyo Co. Ltd., Caesarstone Ltd., Swift Glass Company, Abrisa Technologies, Industrial Quartz Corporation, Sibelco Quartz, Murata Manufacturing, and Heraeus Holding.

Key Questions Answered in the Research Report:

  1. What are the current & future trends in the Global Quartz Market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across various countries, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Quartz Market?
  5. What are the customer orientation, purchase behavior, and expectations from the key companies operating in the Global Quartz Market?

Market Segmentation:

  1. By Type (Quartz Surface & Tile, High-Purity Quartz (HPQ), Quartz Glass, Quartz Crystal, Quartz Sand)
  2. By Application (Building & Construction, Medical, Electronics & Semiconductor, Solar, Optical Fiber & Telecommunication)
  3. By Region (North America, South America, Asia-Pacific, Europe, Middle East & Africa)
  4. By Country (The US, Canada, Mexico, Brazil, Argentina, Germany, France, Italy, The UK, Spain, China, India, Japan, South Korea, Australia, Saudi Arabia, The UAE, South Africa)

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