What is Global Quartz Fabrication Market?
The Global Quartz Fabrication Market is a vast and dynamic sector that deals with the production and distribution of quartz products. Quartz, a naturally occurring mineral, is known for its hardness and resistance to heat and chemicals, making it an ideal material for various industrial applications. The market encompasses a wide range of products, including clear fused quartz and opaque fused quartz, which are used in various industries such as semiconductors, optical devices, solar industries, and others. The market's value was estimated at US$ 1085.2 million in 2022, and it is projected to reach US$ 1612.5 million by 2029, growing at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2029.
Clear Fused Quartz, Opaque Fused Quartz in the Global Quartz Fabrication Market:
Clear fused quartz and opaque fused quartz are two major products in the Global Quartz Fabrication Market. Clear fused quartz, which accounts for over 83% of the market, is a type of high-purity quartz that is known for its superior optical clarity and thermal properties. It is commonly used in industries that require high-quality, durable materials, such as the semiconductor and optical device industries. On the other hand, opaque fused quartz is a type of quartz that has been treated to make it opaque. This type of quartz is often used in applications that require a high level of light diffusion or insulation. Despite its smaller market share, opaque fused quartz is an essential part of the quartz fabrication market due to its unique properties and applications.
Semiconductor, Optical Device, Solar Industries, Others in the Global Quartz Fabrication Market:
The Global Quartz Fabrication Market plays a crucial role in various industries, including the semiconductor, optical device, solar industries, and others. In the semiconductor industry, which accounts for over 70% of the market's applications, quartz is used in the production of chips and other electronic components due to its excellent thermal and chemical resistance. In the optical device industry, clear fused quartz's superior optical clarity makes it an ideal material for lenses and other optical components. In the solar industry, quartz is used in the production of solar panels due to its durability and resistance to heat. Other applications of quartz include the production of laboratory equipment, lighting products, and various industrial components.
Global Quartz Fabrication Market Outlook:
The Global Quartz Fabrication Market's outlook is promising, with a projected growth rate of 5.9% from 2023 to 2029. The market, which was valued at US$ 1085.2 million in 2022, is expected to reach US$ 1612.5 million by 2029. This growth is driven by the increasing demand for quartz products in various industries, particularly the semiconductor industry, which accounts for over 70% of the market's applications. Clear fused quartz, the largest product segment, is expected to continue its dominance in the market due to its superior properties and wide range of applications.
| Report Metric | Details |
| Report Name | Quartz Fabrication Market |
| Accounted market size in 2022 | US$ 1085.2 million |
| Forecasted market size in 2029 | US$ 1612.5 million |
| CAGR | 5.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Heraeus Holding, Tosoh, Hubei Feilihua Quartz Glass, Momentive Technologies, Jiangsu Pacific Quartz, Qsil, Lianyungang Taosheng Fused Quartz, Ohara, Jiangsu Zhongsheng Silicon Mstar Technology |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
