High Purity Quartz Market Poised to Hit US$ 1.5 Billion by 2031, Growing at 6.3% CAGR | TMR

Growth in the semiconductor sector is expected to fuel the global high purity quartz market size in the near future.

WILMINGTON, DE, UNITED STATES, December 19, 2024 /EINPresswire.com/ -- The global high-purity quartz market is projected to flourish at a CAGR of 6.3% from 2021 to 2031. As per the report published by TMR, a valuation of US$ 1.5 billion is anticipated for the market in 2031. In 2022, the market for high-purity quartz was valued at US$ 894.6 million.

With the increasing demand for advanced electronics and the growth of technologies like 5G, the demand for high-purity quartz in the semiconductor industry is expected to rise. The growing adoption of solar energy as a renewable energy source drives the demand for high-purity quartz in the solar industry. As the solar energy market expands, the demand for high-quality and low-impurity quartz for solar panels is expected to increase.

𝗗𝗶𝘃𝗲 𝗗𝗲𝗲𝗽𝗲𝗿 𝗶𝗻𝘁𝗼 𝗗𝗮𝘁𝗮: 𝗚𝗲𝘁 𝗬𝗼𝘂𝗿 𝗜𝗻-𝗗𝗲𝗽𝘁𝗵 𝗦𝗮𝗺𝗽𝗹𝗲 𝗡𝗼𝘄!- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=55107

Rising demand for high purity quartz in the electronics industry, such as optical fibers, quartz resonators, and high-temperature lamps. The continuous advancement of electronics and telecommunications industries, including the demand for optical communication networks and advanced electronic devices, fuels the demand for high purity quartz.

Technological advancements in processing techniques have enabled the production of high purity quartz with even lower levels of impurities. Improved purification methods, such as acid leaching and thermal treatment, contribute to the availability of higher purity quartz and expand its potential applications.

Competitive Landscape

The leading players in the high-purity quartz market are investing in research & development activities to increase their market share. Transparency Market Research has profiled the following players in its global high-purity quartz market report:

The Quartz Corporation, Sibelco, Jiangsu Pacific Quartz Co., Ltd., Creswick Quartz, Nordic Mining ASA, Momentive Performance Materials Inc., Australian Silica Quartz Group Ltd., Fineton Development Limited, Solar Quartz Technologies, Covia Holdings Corporation, Russian Quartz LLC, and I-Minerals Inc.

Key Takeaways from the Market Report

• As of 2023, the high-purity quartz market is forecast to reach US$ 943.5 million

• By form, the powder segment is expected to remain high during the forecast period.

• Based on purity, the high purity (SIO2- 99.99%) segment is expected to account for a significant market share

• By Application, the Semiconductor segment is expected to generate high revenue during the forecast period.

High Purity Quartz Market: Prominent Drivers and Trends

• Increased usage of high-purity quartz in the manufacturing of crucible and quartz glass products and increasing application in the semiconductor sector are creating opportunities for bitumen market growth.

• An Increased number of photovoltaic installations and surging solar installations the demand for high-purity quartz increases.

• Rapid infrastructure development and urbanization in emerging economies drive the demand for high-purity quartz.

• Manufacturers are focusing on developing advanced processing technology to improve the quality and consistency of the product

Key Developments

• Sibelco, a global minerals and materials company, has made advancements in the high-purity quartz market. They have focused on expanding their product portfolio to offer high-purity quartz products with customized specifications to meet specific customer requirements. Sibelco has also invested in research and development to improve processing techniques and enhance the purity levels of their high-purity quartz products.

• I-Minerals Inc. has been actively involved in the high-purity quartz market, particularly in North America. They have focused on the exploration and development of high-purity quartz deposits, including the evaluation of new sources and the optimization of extraction and processing methods. I-Minerals Inc. has also worked on expanding its customer base and forging strategic partnerships to strengthen its position in the high-purity quartz market.

𝗘𝘅𝗽𝗹𝗼𝗿𝗲 𝗢𝘂𝗿 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗖𝗼𝗺𝗽𝗿𝗲𝗵𝗲𝗻𝘀𝗶𝘃𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀! https://www.transparencymarketresearch.com/high-purity-quartz-market.html

High Purity Quartz Market- Segmentation

Form

• Powder
• Granules
• Others (Quartz Chips)

Purity

• Intermediate (SiO2 - 99.95%)
• High (SiO2 - 99.99%)
• Ultrahigh (SiO2 - 99.997%)
• Hyper (SiO2 - 99.999%)

Application

• Semiconductors
• Solar
• Lighting
• Optics
• Others (Catalysts, Ceramics, and Agrochemicals)

Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

𝗠𝗼𝗿𝗲 𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗯𝘆 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 –

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𝗔𝗯𝗼𝘂𝘁 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵

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Atil Chaudhari
Transparency Market Research Inc.
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