Quartz Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

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 receivers.

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.

Impact of Covid-19

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.

Growth Drivers

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.

In 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.

Segmentation

Application

·         Residential

·         Commercial

·         Industrial

End- User Industry

·         Construction

·         Metallurgy

·         Electronics

Product Type

·         Engineered Quartz

·         Natural Quartz

Distribution Channel

·         Retail Store

·         Wholesales/Direct to Fabricators

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Quartz Market 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.

Quartz Market End-User Industry

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.

Quartz Market Distribution Channel

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.

Regional Outlook

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.

The 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.

Key Players

·         Quartz Corporation

·         AGC Inc

·         Nihon Dempa Kogyo Company Limited

·         Sibelco

·         Jiangsu Pacific Quartz Company Limited

·         Cosentino Group

·         Caesarstone Ltd

·         Hanwha L & C corporation

·         Cambria Company LLC

·         Dupont

·         Compac

·         Quantra