Global Synthetic Quartz Market, By Product (Synthetic Quartz Crystal, Synthetic Quartz Glass), End-Use (Electrical & Electronics, Automotive, Medical, Military, Construction, Others) – Industry Trends and Forecast to 2029.
Synthetic Quartz Market Analysis and Size
Quartz is the second most abundant mineral in the earth's crust and is extensively used in the electronics, solar and semiconductor industry. Synthetic quartz is also used in photo-mask substrates and optical fibers for large scale integration (LSI) in liquid crystal display (LCD) panels and semiconductor circuit. The demand for finer images and large size is emerging with growing demand for LCD panels. Synthetic quartz is the important material in photo mask, which is mainly used in display panel.
Data Bridge Market Research analyses that the synthetic quartz market is expected to undergo a CAGR of 6.00% during the forecast period. This indicates that the market value, which was USD 93.00 million in 2021, would rocket up to USD 148.23 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Synthetic Quartz Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Product (Synthetic Quartz Crystal, Synthetic Quartz Glass), End-Use (Electrical and Electronics, Automotive, Medical, Military, Construction, Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
Murata Manufacturing Co., Ltd. (Japan), Forest Technology Systems Ltd (Canada), Shin-Etsu Chemical Co., Ltd (Japan), NIHON DEMPA KOGYO CO., LTD. (Japan), CoorsTek Inc. (U.S.), Seiko Epson Corporation (Japan), AGC Inc. (Japan), KYOCERA Corporation (Japan), Heraeus Holding (Germany), Tydex (Russia), Universal Quartz Inc. (U.S.), Plant Kristall (Russia), SUNTSU ELECTRONICS, INC. (U.S.), Daishinku Corp. (Japan), Tosoh Corporation (Japan), Impex HighTech (Germany), IQD Frequency products Ltd (U.K.), HUBEI FEILIHUA QUARTZ GLASS CO.,LTD,(China), SGX Minerals Pvt. Ltd.(India)
Synthetic quartz is a high-purity material that has become important in electronics application because of its favourable physical and chemical properties. Hydrogen, Oxygen, and silicon compounds such as silicon tetrachloride are used to form synthetic quartz. Synthetic quartz delivers numerous profitable properties. These include high temperatures, wear, and resistance to acids, corrosion, impact, compression, bending and infiltration.
Synthetic Quartz Market Dynamics
- Rising demand in solar industry
Fused quartz is an important material because it increases the efficiency of solar-powered devices. It is also helping researchers in decreasing the cost of solar devices. The demand for quartz increases because the consumer becomes more aware of the importance of green energy production. The rising demand of solar panel increase the investment in solar capacity installation overall the globe. For instance, in 2019, USA solar industry produced more than $25 billion in private investment in the economy. Similar In 2020, solar energy installations accounted for 43% of all new electric capacity added to the grid. The rising demand of synthetic quartz in solar industry are expected to drive the growth rate of the market.
- Growing demand of synthetic quartz in automotive sector
Automotive sector is an important area for synthetic quartz. Synthetic quartz is used in several automotive electronic applications such as displays, sensors, and others. The automobile sector is entering a new era of electronics with new connectivity and safety system solutions which are expected to give a boost to synthetic quartz market’.
- High usage of synthetic quartz in the manufacturing of electronic components
Synthetic quartz is extensively used in the production of electronic parts which are important in end-use industries such as military, construction, medical, electrical and electronics, automotive and petroleum. The rising demand of synthetic quartz in electronic industry are expected to drive the growth of the synthetic quartz market.
- Rise in government initiatives for use of solar energy
Government has taken several initiatives in the solar energy industries which will create the immense opportunities for the growth of the synthetic quartz market. For instance, a Solar Park scheme has been set up by the MNRE in India which provides financial support by the government for producing solar power projects that have a capacity of almost 500 MW.
Furthermore, increase in consumer spending, smart phone usage, technological development, and need for high-performance electronic devices will create beneficial opportunities for the market growth rate. Some major trends witnessed in the market includes major manufacturer’s collaborations with electronics company’s leaders for the rapid deployment of new IoT products are also contributing to the growth of the synthetic quartz market.
- Damages and high price of product
The major factor which decrease the demand of the synthetic quart include low withstand capability of heat after a certain threshold, damaged and burnt after a certain temperature. Also, rise in cost of raw materials and synthetic quartz particles are also expected to impact the growth of the synthetic quartz market.
This synthetic quartz market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the synthetic quartz market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Synthetic Quartz Market
The outbreak of COVID-19 pandemic has severely affected many industries all over the globe, including synthetic quartz industry. The demand for synthetic quartz material has overseen a small but significant decline during the pandemic. Moreover, the supply chain disruptions in the solar industry has affected the synthetic quartz market. As the global economies recover, it will improve the growth of the synthetic quartz market in the forecast period.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Synthetic Quartz Market Scope
The synthetic quartz market is segmented on the basis of product and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Synthetic Quartz Crystal
- Synthetic Quartz Glass
- Electrical and Electronics
Synthetic Quartz Market Regional Analysis/Insights
The synthetic quartz market is analysed and market size insights and trends are provided by country, product and end user as referenced above.
The countries covered in the synthetic quartz market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the synthetic quartz market due to the increasing levels of investment for research and development activities along with the increasing solar applications and development of semiconductor industry in the region
Asia-Pacific is projected to growing during forecast period of 2022-2029 due to the initiatives which has taken by government for the growth of manufacturing sector as well as service in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Synthetic Quartz Market Share Analysis
The synthetic quartz market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to synthetic quartz market.
Some of the major players operating in the synthetic quartz market are:
- Murata Manufacturing Co., Ltd. (Japan)
- Forest Technology Systems Ltd (Canada)
- Shin-Etsu Chemical Co., Ltd (Japan)
- NIHON DEMPA KOGYO CO., LTD. (Japan)
- CoorsTek Inc. (U.S.)
- Seiko Epson Corporation (Japan)
- AGC Inc.(Japan)
- KYOCERA Corporation (Japan)
- Heraeus Holding (Germany)
- Tydex (Russia)
- Universal Quartz Inc. (U.S.)
- Plant Kristall (Russia)
- SUNTSU ELECTRONICS, INC. (U.S.)
- Daishinku Corp. (Japan)
- Tosoh Corporation (Japan)
- Impex HighTech (Germany)
- IQD Frequency products Ltd (U.K.)
- HUBEI FEILIHUA QUARTZ GLASS CO.,LTD,(China)
- SGX Minerals Pvt. Ltd.(India)