The global market value of the quartz market was USD
5.3 billion in 2022, and a CAGR of 4.3% is expected during the forecast period.
Increasing demand for high-purity quartz in the semiconductor industry is
driving the growth of the quartz market significantly. Increasing demand for
quartz in the semiconductor and electronics industries worldwide is driving the
demand for quartz in the market. Quartz crystal is used to make frequency
filters, frequency control, and timers in electronics circuits for various
products, such as communication equipment, electronic games, and television
Increasing demand for quartz in the metallurgical industry, in
jewelry, in the construction of concrete, and in mortar. Fine quartz powder is
used for the manufacturing of paints and coatings, and due to its hardness,
quartz is used in making abrasives for cutting, grinding, and polishing. It is
used in hydraulic fracturing for extracting oil and natural gas.
The COVID-19 pandemic impacted the quartz market
significantly due to disruptions in the supply chain, reduced construction
activities, and economic uncertainties, which led to a decline in demand for
quartz surfaces used in countertops, flooring, and other applications. However,
after the pandemic got over, the market was expected to gradually rebound,
driven by increased construction and renovation projects. Increasing demand for
quartz in various industries like paint, coating, and metallurgy is driving the
demand for quartz in the market.
Increasing demand for quartz in coatings, paints, and
the metallurgical industry is driving the growth of the quartz market
significantly. Increasing demand for quartz as an abrasive for cutting,
grinding, and as an abrasive. Quartz is used in electronic games and television
receivers. Increasing demand for quartz in construction and solar energy is
driving growth in the market. The surge in demand for quartz in watches,
jewelry, and countertops further propels the growth of the quartz market.
the metallurgical industry, quartz plays a crucial role in the production of
ferroalloys, such as ferrosilicon and silicon metal. These alloys are essential
for steelmaking and other metallurgical applications, enhancing the properties
of the final metal products. Quartz is a key component in the manufacturing of
refractory materials used in high-temperature environments like furnaces and
reactors. Quartz is employed in foundry sands to create molds for metal
casting. Its high melting point and thermal stability make it suitable for
withstanding heat during metal casting processes.
Quartz crucibles are used in
metallurgical laboratories and small-scale metal melting operations. They are
chemically inert and suitable containers for various metallurgical
applications. Increasing demand for quartz as a fluxing agent in metallurgical
processes is driving the growth of the quartz industry. It facilitates the
removal of impurities and enhances the efficiency of smelting operations by
promoting the formation of slag.
Middle East and
Product Type Industry
On the basis of product type, the quartz market is
segmented into natural quartz and engineered quartz. Natural quartz is a
mineral composed of silicon and oxygen atoms in a continuous framework of
silicon-oxygen tetrahedra, commonly found in the earth’s crust. It’s a key
component in various rocks and is often used in the production of quartz
crystals for electronics and jewelry. Engineered quartz, or stone, is a
man-made material created by combining natural quartz crystals with resins,
polymers, and pigments. This process results in a durable and non-porous
surface, often used for countertops, flooring, and other applications. It
offers a wide range of colors and patterns. Increasing demand for quartz in
various industries like automation, construction, and metallurgical.
On the basis of the end-user, the quartz market is
segmented into construction, metallurgy, and electronics. Quartz is widely used
in the manufacturing of semiconductors, quartz crystal for electronic devices,
countertops, watches, and precision instruments due to its unique properties,
such as durability and electrical conductivity. Increasing demand for quartz in
the telecommunications and automotive industries is driving the growth of the
quartz industry significantly.
On the basis of distribution channel, the quartz market
is segmented into retail stores, wholesalers, retailers, and online platforms.
Manufacturers produce quartz material and sell it to wholesalers, who then
distribute it to retailers or directly to construction and design
professionals. Consumers do purchase quartz products through retail outlets or
online platforms, providing a diverse range of distribution channels for the
quartz market. Increasing demand for quartz in the metallurgical, construction,
automotive, and telecommunication industries.
On the basis of regions, the quartz market is segmented
into 5 parts: Asia Pacific, North America, Latin America, Europe, and the
Middle East and Africa. Asia Pacific is the leading region in the quartz market
and is expected to dominate during the forecast period. China, India and Japan
are leading the market. The lighting, semiconductor, electronics, and optical
industries are driving the growth of the quartz market in the Asia Pacific
region. Europe is the second-leading region.
Countries like Turkey, France,
Italy, Germany, and France are the leading regions. The global high-quality
quartz market is anticipated to grow at a considerable rate during the forecast
period in the European region. The quartz market in the North America region is
expected to grow at a moderate rate due to increasing disposable income,
increasing industrialization, and rising populations in countries like United
States, Canada, and Mexico. Increasing demand for quartz in the metallurgical
industry is driving growth significantly in the North American region.
Middle East and Africa, along with Latin America, are considering a slow growth
rate due to the smaller number of industries. Quartz, due to its versatility,
is sought after in electronics for its piezoelectric properties, in
construction for durable surfaces, and in the semiconductor industry for its
purity. Its use in solar panels and the growing interest in sustainable
technologies contribute to the rising demand for quartz.
Kogyo Company Limited
Quartz Company Limited
Hanwha L &