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Global Synthetic Quartz Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Synthetic Quartz Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 93.00 Billion
Diagram Market Size (Forecast Year) USD 148.23 Billion
Diagram CAGR %

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

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product (Synthetic Quartz Crystal, Synthetic Quartz Glass), End-Use (Electrical and Electronics, Automotive, Medical, Military, Construction, Others)

Countries Covered

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)

Market Opportunities

  • Growth and expansion of solar industry
  • Government initiatives for use of solar energy
  • Rising research and development opportunities

Market Definition

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

Drivers

  • 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.

Opportunities

  • 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.

Restraints/Challenges

  • 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.

Product

  • Synthetic Quartz Crystal
  • Synthetic Quartz Glass

End User

  • Electrical and Electronics
  • Automotive
  • Medical
  • Military
  • Construction
  • Others

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)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The synthetic quartz market value is projected USD 148.23 million by 2029.
The synthetic quartz market is projected to grow at a CAGR of 6.00% during the forecast period of 2022-2029.
On the basis of product, the Synthetic Quartz Market is segmented into Synthetic Quartz Crystal, Synthetic Quartz Glass.
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).
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