Global Quartz Market to Reach US$ 10.4 Billion by 2028, Impelled by Surging Demand for Advanced Technologies

September 07, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “ Quartz Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the global quartz market size reached US$ 7.2 Billion in 2022. Quartz, which refers to crystalline minerals composed of silicon and oxygen, holds paramount significance in various industries owing to its exceptional properties. Formed through geological processes, quartz occurs naturally in a range of colors and crystal structures. Its remarkable hardness, resistance to high temperatures, and electrical conductivity make it a versatile material with multifaceted applications. The mineral finds extensive use in sectors like electronics, construction, and jewelry due to its ability to transmit and manipulate electrical signals, its durability as a building material, and its ornamental allure. Furthermore, quartz's innate abundance and diverse forms, including amethyst, citrine, and rose quartz, contribute to its widespread adoption across numerous domains, underpinning its role as a crucial commodity in the global market.

Global Quartz Market Trends:

The global quartz market is experiencing robust growth driven by the escalating demand for high-quality quartz crystals in the electronics industry, particularly in the production of semiconductors and photovoltaic cells. Besides this, quartz's exceptional piezoelectric properties, which enable precise control of electronic signals, have positioned it as an indispensable component for modern technological devices, creating a positive outlook for market expansion. Moreover, the construction sector's burgeoning need for resilient and aesthetically pleasing surfaces propels the utilization of quartz in countertops, tiles, and decorative elements, aiding in market expansion. Concurrent with this, the material's resistance to scratches, staining, and extreme temperatures, has further fueled the adoption of quartz in residential and commercial applications. Furthermore, the increasing popularity of quartz in the jewelry industry due to its wide range of colors, transparency, and durability makes it a compelling alternative to traditional gemstones, thereby contributing to the market growth. In addition to this, the widespread product utilization across the renewable energy sector to improve the efficiency of solar panels by converting sunlight into electricity and the increasing use of quartz in healthcare applications owing to its antimicrobial properties is presenting lucrative opportunities for market expansion. Looking forward, the market value is projected to reach US$ 10.4 Billion by 2028, expanding at a CAGR of 5.8% during 2023-2028.

Market Summary:

On the basis of the product, the market has been classified into quartz surface and tile, high-purity quartz, quartz glass, quartz crystal, quartz sand, and others.
Based on the end user, the market is categorized into electronics and semiconductor, solar, buildings and construction, optical fiber and telecommunication, automotive, and others.
On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. At present, Asia Pacific enjoys the leading market position.
The competitive landscape of the market has also been examined, with some of the key players being Asahi Glass Co. Ltd., Caesarstone Ltd., Compagnie de Saint-Gobain S.A., Heraeus Holding, Jiangsu Pacific Quartz Co. Ltd., Kyocera Corporation, Momentive Technologies, Nihon Dempa Kogyo Co. Ltd., Quality Quartz Engineering Inc. (Conax Technologies LLC), Sibelco and The Quartz Corporation.

Report Scope:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Product, End User, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Asahi Glass Co. Ltd., Caesarstone Ltd., Compagnie de Saint-Gobain S.A., Heraeus Holding, Jiangsu Pacific Quartz Co. Ltd., Kyocera Corporation, Momentive Technologies, Nihon Dempa Kogyo Co. Ltd., Quality Quartz Engineering Inc. (Conax Technologies LLC), Sibelco and The Quartz Corporation.
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Global Quartz Market to Reach US$ 10.4 Billion by 2028, Impelled by Surging Demand for Advanced Technologies

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