Global High Purity Quartz Market 2020 and Forecast 2021-2027 (Includes Business Impact of COVID-19)

  • TBI731103
  • November 11, 2020
  • Global
  • 149 pages
  • Market.US
                                          

“Global High Purity Quartz Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global high purity quartz market report has been segmented on the basis of application and region.

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Global High Purity Quartz Market: Overview

High purity quartz is also called as HPQ and is defined by the product which is promoted as IOTA which is excavated by sibelco. IOTA consist of a set of high purity benchmark. The high purity quartz comprises 20 ppm per/Mn which is a standard equation from 99.998% of SiO2. This high purity quartz is useful in semiconductors and solar panels. High purity quartz involves many processing technologies such as processing of raw quartz into high purity quartz which involves advanced communication technology, chemical, thermal, and physical steps. The processing includes screening, floatation, crushing, and magnetic separation.

Global High Purity Quartz Market: Dynamics

Increasing demand from various end use industries, corporations are looking and inclining towards more sources of high purity quartz coupled with rising demand for high purity quartz in hydraulic cracking in oil and gas industries are the major factors expected to drive the target market. In addition, increasing setting up of PV solar power stations coupled with increasing demand for technological advancements and electronics, semiconductors are the other factors expected to drive the global high purity quartz market. Furthermore, rising usage of new-generation crackers in semiconductors is among the other factor expected to drive the growth of the target market. However, lack of manufacturers in developing regions and high prices of raw materials is among the major factor restraining the growth of the target market. 5N purity has captured a major chunk of the high purity quartz sand market and with the advent of advanced semiconductor products, demand for more than 5N grade is set to rise over the mid-term forecast period (ultra-high purity quartz sand). 3N and 4N hold significant shares in the market but are set to lose more than 50 basis point by the end of 2030. One of the major trends observed in the global purity quartz market is the rising demand for high-purity quartz strands in hydraulic mending coupled with the rising use of the hydraulic fracturing processes in the oil and gas industries.

Global High Purity Quartz Market: Segment Analysis

Among the application segments, the semiconductor segment is dominating in the global market in terms of revenue share. Due to rising demand for HPQ in the end use industries mostly semiconductor industries due to rising number of new fabrication plants which are built for consuming most of the semiconductor base materials and manufacturing of monocrystalline silicon. This is the factor expected to drive the growth of type segment. High purity quartz sand is extensively utilized to manufacture semiconductors, and key consumers of high purity quartz sand are General Electric, IBM, Motorola, Intel, Apple, and numerous other players positioned across the globe. Followed by semiconductor application, solar energetics capture around one-third of the high purity quartz sand market share. Solar energetics applications are set to grow at a rapid pace among all other applications. High purity quartz sand market growth could largely be assessed in accordance with monocrystalline solar market growth.

Global High Purity Quartz Market: Regional Analysis

Currently, the North American market is accounting as the largest share and is expected to drive growth over the forecast period. As there is a presence of a large number of players and manufacturing facilities coupled with increasing claim for a large number of quartz fabricated component manufacturers and quartz base material in countries such as US and Canada coupled with strong occurrence of key industry players that are offering high purity quartz solutions. Asia Pacific market is likely to see the fastest growth in terms of revenue in the near future due to the increasing number of fabrication plants and solar plants coupled with the increasing presence of a favorable semiconductor industry in these countries are the factors that drive the growth of the target market in the Asia Pacific region. East Asia and South Asia & Oceania accounts for the largest market share in 2020, and are set to maintain their dominance till the end of the forecast period, owing to the positioning of key manufacturers in these regions, especially in East Asia and ASEAN countries. Followed by East Asia and South Asia & Oceania, North America is set to capture nearly a quarter of the global market, owing to the positioning of key consumers such as GE, IBM, and others in the region.

Global High Purity Quartz Market Segmentation:

Segmentation by application:

  • Semiconductor
  • Solar
  • Lighting
  • Telecom and Optics
  • Microelectronics

Segmentation by Grade:

  • 3N
  • 4N
  • 5N

List of Companies Profiled in the market report:

Table of Contents
Chapter 1. Methodology and Scope                  1.1. Research Methodology                  1.2. Research Scope & Assumptions                  1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global High Purity Quartz Market Outlook                  3.1. Market Segmentation                  3.2. Market Size and Growth Prospects, 2016 - 2027                  3.3. Value Chain Analysis                  3.4. Market Dynamics                      3.4.1. Market driver analysis                      3.4.2. Market restraint analysis        
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