Global Quartz Market Research Report: Forecast (2024-2030)

Market Definition

Quartz, one of the most abundant minerals on the Earth, occurs in various forms & colors and is adopted by various end-use industries, mainly construction, electronics & semiconductor, and solar. Its usefulness owes to its excellent physical, chemical, & electrical properties that make it durable, corrosion-resistant, and highly tolerant to chemical & mineral weathering. Commercially, quartz is available in crystals, stones, pebbles, engineered, high-purity, & crucible forms.

Market Insights & Analysis: Global Quartz Market (2024-30):

The Global Quartz Market size is valued at USD 6.54 Billion in 2023 & is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2024-30. The factors positively influencing the demand for quartz are the extensive usage of quartz in water filtration units, the increasing need for building & construction materials, and the surging establishment of the semiconductor industry. In recent years, the population in the North America and Asia-Pacific region has significantly increased owing to rising natural births & surging expatriate populations in these regions. As per the statistics by the World Bank, as of 2024, the population in North America is approximately 380 million & the population is 4.3 billion. The higher population in these regions is resulting in the deterioration of the water resources and causing water stress issues.

Based on the survey by the Food and Agriculture Association, approximately 75% of the region’s water is insecure and around 90% of the population is facing a water crisis. Therefore, to ensure a consistent water supply, the governing bodies across these regions are setting up water and wastewater treatment facilities. Based on the research by the United Nations, there are more than 1,09,159 wastewater treatment plants worldwide. These facilities require quartz-based sandpaper for water filtration. Thus, the rising number of water treatment facilities is driving the demand Global Quartz Market.

In addition, there is a surge in the sales of consumer electronics products. As per the International Data Corporation (IDC), in 2023, the total sales of smartphones were about 1.16 billion. This ever-increasing sales of electronic devices is leading to the higher production of consumer electronics products. These products are made up of HPQ since they offer excellent electrical & heat resistance properties. Therefore, the surge in the manufacturing of these electronic items is driving the demand for HPQ (High Purity Quartz), enlarging the market size.

Moreover, the quartz offers aesthetics, durability, & low maintenance. Owing to this, architects and constructors are actively using engineered quartz surfaces like quartz countertops. Furthermore, sustainability and environmental concerns are gaining importance across various end-user verticals worldwide. These quartz surfaces could be developed using sustainable practices, and some products even incorporate recycled materials. Thus, the transition towards sustainable & eco-friendly materials in construction & manufacturing applications would continue to spur global quartz market growth in the forecast years.

Global Quartz Market Driver:

Rising Hospitality Projects Uplifting the Demand for Quartz– In recent years, tourism across the globe has significantly increased due to the rise in business travel & medical tourism. Based on the statistics by the United World Tourism, International tourist arrivals in the American countries have reached approximately 90% of the pre-pandemic levels. This surge in tourism is leading to the requirement for accommodation facilities. As a result, several hotel groups are expanding their hotels across the region. For instance, as per the statistics by Lodging Econometrics (LE), as of Q4 2023, there are approximately 6,160 under-construction hospitality projects. These hotels & resorts essentially require quartz products for making countertops, flooring, and wall cladding. In addition, quartz products offer aesthetic appeal and resemble to natural stones like granite & marble. Therefore, the developers are using quartz to furnish high-end & luxury surfaces, further amplifying the Global Quartz Market.

Global Quartz Market Opportunity:

Increasing Roll Out of 5G to Amplify the Market Growth– Governing bodies & private entities across the globe are allocating funds to roll out 5G networks in their countries. According to the company website, Vodafone, a telecom provider invested around 2 trillion to support the expansion of the 5G in different states of India. Similarly, the other countries are also, witnessing a surge in the 5G investments. These telecommunication organizations rely heavily on lenses, prisms, and optical fibers which are made up of quartz material. Additionally, these authorities are laying initiatives and programs to increase the deployment of the 5G network. Based on the survey by the GSMA, the 5G mobile connection would increase to approximately 5.5 billion by 2030. Hence, the increasing deployment of the 5G networks globally would continue to elevate the need for the quartz in the forecast period.

Global Quartz Market Challenge:

Limited Availability of High-Quality Quartz & Complex Procurement Process Hinders Market Growth– Quartz is a naturally occurring mineral and is basically procured from the deposits present in certain regions. Only limited countries, like Brazil, Japan, Madagascar, etc., have high exploration of the quartz. However, the quartz deposits available across the globe do not necessarily meet the standard established to classify them as pure, clear, & consistent. As a result, low-grade quartz is not used for various applications in different industry verticals. Moreover, the quartz sourcing process is complex & challenging since it is typically mined & extracted from deposits. As a result, establishing reliable supply chains and maintaining consistent access to high-quality quartz is a difficult process, especially when demand is high. Hence, the limited availability of high-quality quartz and the complex process of quartz sourcing are the major growth restraints for the Global Quartz Market.

Global Quartz Market (2024-30): Segmentation Analysis

The Global Quartz Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2024-2030 at the regional levels. Based on the analysis, the market has been further classified as:

Based on Type:

• Quartz Surface & Tile
• High-Purity Quartz (HPQ)
• Quartz Glass
• Quartz Crystal
• Quartz Sand

Of them all, Quartz Surfaces & Tiles holds a noteworthy market share in the Global Quartz market. Quartz surfaces offer durability, aesthetics, & ease of maintenance. As a result, these surfaces are becoming a more prevalent choice among constructors and interior designers. Additionally, the quartz surfaces are available in a diverse range of colors and designs. Owing to this, they look exactly like marbles. This, in turn, permits greater design flexibility & customization options in residential applications like kitchen countertops, bathroom vanities, flooring, & wall cladding.

In addition, the quartz tiles & surfaces have unique attributes like excellent durability, hardness, and resistance to scratches, and stains. As a result, they can withstand the demands of daily use in commercial settings, enhancing market growth. Moreover, they have non-porous properties that make them resistant to bacteria, mold, & mildew growth. Hence, the developers constructing hospitals are increasingly using quartz surfaces & tiles for hassle-free cleaning, boosting the global quartz market.

Based on End User:

• Building & Construction
• Medical
• Electronics & Semiconductor
• Solar
• Optical Fiber & Telecommunication

The Electronics & Semiconductor industry holds the dominant market share in the Global Quartz Market. It owes to continuous advancements and miniaturization of electronic devices, the rise of wireless communication technologies, the mounting popularity of smart devices, and the significantly expanding automotive electronics sector. Quartz is used extensively in this industry for its unique properties like high thermal & chemical resistance, excellent electrical conductivity, and precise frequency control.

Miniaturization trends and increasing functionality of electronic devices are instigating the use of compact & high-performance components since quartz crystals & oscillators offer excellent size-to-performance ratios. Therefore, they are considered ideal for miniaturized electronic devices, uplifting the demand for quartz across the globe.

Moreover, various automakers are increasingly incorporating electronics & semiconductor components into their automobiles. These electrical components are made up of quartz to ensure accurate timing & frequency control in these vehicles. Hence, the mounting demand for quartz in automotive applications owing to the increasing penetration of connected car technologies worldwide would continue to propel the Global Quartz Market growth in forecast years.

Global Quartz Market (2024-30): Regional Projection

Geographically, the Global Quartz Market expands across:

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Geographically, Asia-Pacific holds a dominant market share in the Global Quartz Market. Asia-Pacific countries have a high availability of quartz reserves and rising electronics & semiconductor industries (the largest end-users of quartz). As a result, these countries are emerging as major producers & consumers of quartz, enhancing market growth.

The nations have extensive availability of natural resources that facilitate the production of quartz within these nations. This also makes it a cost-effective & convenient source for both domestic consumption & exports. In addition, the infrastructure development projects due to rapid urbanization across the Asia-Pacific are also contributing to market growth, as quartz is used extensively for various applications.

Moreover, several Asia-Pacific countries are offering a favorable manufacturing environment with competitive labor costs and supportive government policies. As a result, these nations are attracting massive investments from international manufacturers. This is consequently leading to the establishment of semi-conductor production facilities, uplifting the demand for Quartz in the region.

Global Quartz Industry Recent Development:

• 2024 Years: Kyocera Corporation announced the commencement of its new manufacturing facility in the US. The unit would develop FC-cut crystals & quartz in the forecast period.
• 2023 Years: Sibelco one of the top industrial minerals providing companies, announced a major expansion of its Spruce Pine Facility in the US, with an estimated $200 million investment between 2023 & 2025 to double HPQ (High Purity Quartz) installed capacity.

Gain a Competitive Edge with Our Global Quartz Market Report

• Global Quartz Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
• This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
• Global Quartz Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.