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| Global High Purity Quartz Market Size |
High purity quartz is increasingly used in the electronics and semiconductor
industries due to its superior dielectric and piezoelectric properties. It
finds wide application in making crucibles and lining for furnaces used in the
production of semiconductors. The growing demand for high-performance and
compact consumer electronics such as smartphones and smart home devices has led
to a surge in semiconductor manufacturing activities worldwide. This factor has
accelerated the growth of the high purity quartz market globally.
The global
High Purity Quartz Market is estimated to be valued at US$ 950.96 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
One of the key trends driving the growth of the high purity quartz market is
the rising demand from the semiconductors industry. High purity quartz is the
material of choice in semiconductor manufacturing as it helps in attaining high
purity levels required for making advanced microchips that power modern
electronics. The surging global demand for electronics coupled with the rising
complexity of semiconductor chips is prompting manufacturers to ramp up silicon
wafer production. This is creating massive demand for high purity quartz
products like crucibles and liners used during the semiconductor manufacturing
process. Expanding silicon wafer fabs worldwide is a major factor bolstering
the consumption of high purity quartz.
Segment Analysis
The global high purity quartz market is segmented into grade, product type, and
application. By grade, the electronic-grade quartz segment is expected to
dominate the market throughout the forecast period. Electronic grade quartz
exhibits low alkalinity and ensures high purity levels, which make it suitable
for manufacturing semiconductors and solar panels. By product type, the quartz
tube segment held the largest market share in 2023. Quartz tubes find extensive
application in manufacturing semiconductors, solar panels, and lighting. Based
on application, the semiconductor market accounted for the highest revenue
share in 2023. High purity quartz is predominantly used in manufacturing
silicon wafers for semiconductors.
Key Takeaways
The Global
High Purity Quartz Market Size is expected to witness high growth. The
global High Purity Quartz Market is estimated to be valued at US$ 950.96 Mn in 2023 and is expected
to exhibit a CAGR of 5.3% over the
forecast period 2023 to 2030.
Regional analysis
The Asia Pacific region is expected to dominate the high purity quartz market
during the forecast period. Rapid industrialization and rising electronics
production in countries such as China, India, South Korea, and Taiwan are
driving the market in Asia Pacific.
Key players
Key players operating in the high purity quartz market are Fable & Mane,
Henkel AG, Procter & Gamble Co., Unilever Corporation, Kao Corporation,
Aveda Corporation, Avon Products Inc., L’Oreal S.A., Revlon, Inc., Johnson
& Johnson, Natura & Co., and Coty Inc. Henkel AG plans to expand its
production capacity for electronic-grade quartz to cater to the growing demand
from semiconductor manufacturers. Procter & Gamble Co. is focusing on
developing advanced grades of quartz to capture new application areas such as
lighting.
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