The quartz market has exhibited notable growth, increasing from $9.01 billion in 2023 to $9.76 billion in 2024, representing a CAGR of 8.3%. The growth is driven by the expanding electronics industry and increasing demand from various sectors. The market is forecasted to reach $13.48 billion by 2028, with a CAGR of 8.4%. Key trends include sustainability, military applications, and advancements in health technologies.
Major Driver In The Quartz Market
An increase in demand for semiconductors is anticipated to drive the growth of the quartz market in the coming years. Quartz plates and discs play a crucial role in semiconductor manufacturing, used for crafting boats, pedestals, wafers, wafer carriers, and batch processing equipment. The semiconductor industry, particularly in the production of crucibles and quartz glass products like windows, rods, and tubes, relies on quartz, including high purity quartz. As of October 2021, the Semiconductor Industry Association (SIA) reported global semiconductor sales at $48.8 billion, marking a 24.0% increase from $39.4 billion in October 2020 and a 1.1% rise from the preceding month. This surge in semiconductor demand is a key factor propelling the growth of the quartz market in 2023, 2024, and 2028.
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Quartz Market Competitive Landscape
Heraeus Holding, Kyocera Corporation, Murata Manufacturing Co Ltd., DuPont de Nemours Inc., Ferroglobe, Cosentino Group, Sibelco Quartz Corporation, Covia Holdings LLC, Jiangsu Pacific Quartz Co Ltd., Cambria, Caesarstone Ltd., Goodfellow Corp, NIHON DEMPA KOGYO Co LTD., CR Lawrence, Compac, MS Industries, Bitto(Dongguan), Kleen Industrial Services, Abrisa Technologies, Quality Quartz Engineering, American Elements, Baba Quartz, Ron Coleman Mining, Creswick Quartz, Donghai Colorful Mineral Products, ULTRA HPQ, Diresco, Alicante Surfaces Pvt Ltd, Belenco, HanStone Quartz, Wonic QnC Corporation, Xinyi MingwangQuartz Sand, Momentive Technologies, INASCO Inc., AGC Inc., Quartz Corp, Russian Quartz LLC, Saint Gobain Group, N.T. Ruddock Co, Pegasus Glass, Technistone, Swift Glass Company, Elkem ASA, Thermo Fisher Scientific, Noah Chemicals, Australian Silica Quartz Group Ltd.
Key Quartz Market Trend
Major companies operating in the quartz market are focused on introducing advanced solutions, such as quartz collection, to gain a competitive edge in the market. Quartz collections are a range of quartz surfaces or countertops with innovative designs and colors, ranging from icy white tones to midnight black tones, For instance, in May 2023, Akrilika Holding Company, a Russia-based manufacturer of solid surface and quartz launched Alfa Quartz. Alfa Quartz is a premium material that combines natural elements with durability and innovative design featuring the first 10 colors. Alfa Quartz surfaces are non-porous, scratch-resistant, and do not require sealing, making them low-maintenance and durable.
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Quartz Market Segmentation
The quartz market covered in this report is segmented –
1) By Type: Engineered Quartz Stones, Quartz Sand, Quartz Pebbles, Quartz Crystals, Other Types
2) By Grade: High-Purity Quartz, Grade I, Grade II, Grad III
3) By End User: Electronics and Semiconductors, Solar, Building and Construction, Metallurgy, Optics and Telecommunication, Other End Users
By Geography:The regions covered in the quartz market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the quartz market in 2023.
The Quartz Global Market Report 2024 furnishes information about the global quartz market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
