High Purity Quartz Market 2022-2030
As a result of all of these beneficial properties, the demand for high purity quartz is estimated to gain momentum across the world. The global high purity quartz market is estimated to expand at a CAGR of 7% by value during the forecast period of 2022-2030.
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High purity quartz is quartz (SiO2) with 99.99%+ purity, and is very rare. Most naturally occurring quartz contain a variegated range of impurities, among which, contamination from substantial elements such as Al, Ti, and Li are impossible to remove, if structurally bound to silica. The growth of the high purity quartz (HPQ) market is majorly driven by increasing demand from the electronics sector. In terms of geographical perspective, demand is majorly driven by East Asia and Europe, especially from China, Germany, etc. HPQ’s significant characteristics such as consistent quality, and negligible amount of impurities as compared to general silica sand, make it more preferable.
Key Players:
The report has profiled some of the important players prevalent in the global like – Covia Holdings Corporation, The Quartz Corp, Russian Quartz LLC, Jiangsu Pacific Quartz Co., Ltd, High Purity Quartz Pty Ltd, I-Minerals Inc, Creswick Quartz, and Nordic Mining ASA and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the High Purity Quartz Market.
Key Takeaways from High Purity Quartz Market Study
- Owing to high price and utmost purity level, the demand for high purity quartz is expected to rise for end-use applications during the forecast period.
- Based on grade, grade III high purity quartz is gaining traction in the market, owing to its superior purity of 99.999%. Also, it falls under the IOTA 8 standard, which is the highest quality standard required for electronic components.
- Increasing sales of consumer electronic products, rapidly expanding broadband market, and huge investments in 5G infrastructure are significantly driving the demand for HPQ, particularly from major optical fiber manufacturers, most of which are based in the U.S. and China.
- East Asia is expected to hold a prominent share in the global high purity quartz market, owing to rapidly growing end-use applications in the region.
“Owing to the COVID-19 impact, the global supply chain of high purity quartz has been greatly impacted, especially in China, which is a hub of the semiconductor industry. Disruption in China is expected to have a significant impact on tier-1 and tier-2 companies across the globe, both up and down the electronics value chain. Also, increasing prices of feedstock would result in tightened profit margins, pushing suppliers to quote higher prices for HPQ during the assessment period,” says a PMR analyst.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
High Purity Quartz Market Manufacturers
High Purity Quartz Market Distributors/Traders/Wholesalers
High Purity Quartz Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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High Purity Quartz Market – Report Highlights
- A detailed overview of parent market of High Purity Quartz Market
- Changing High Purity Quartz Market dynamics in the industry
- In-depth segmentation of the High Purity Quartz Market
- Historical, current, and projected High Purity Quartz Market size regarding volume and value
- Recent industry trends and developments in High Purity Quartz Market
- Competitive landscape of the High Purity Quartz Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on High Purity Quartz Market performance
- Must-have information for High Purity Quartz Market players to sustain and enhance their market footprint
Key Questions Answered in the High Purity Quartz Market Report
How is the High Purity Quartz Market expected to grow over the projected period?
What direction is the High Purity Quartz Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the High Purity Quartz Market in future?
What are the key market drivers in the High Purity Quartz Market?
What are significant opportunities and improvement areas for High Purity Quartz Market manufacturers?
What are the key developments and trends taking over the High Purity Quartz Market?
Which are the emerging countries that are expected to create significant growth opportunities in the High Purity Quartz Market?
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