Synthetic Quartz Market
Synthetic Quartz Market Size, Share & Industry Analysis, By Product (Synthetic Quartz Crystal, Synthetic Quartz Glass, Synthetic Quartz Powder), By Grade (HPQ (High Purity Quartz), Industrial Grade), By Application (Electronics & Semiconductor, Solar, Lighting, Telecom, Optics, Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) -- Industry Trends, Size, Share, Growth and Forecast 2024-2031.
Market Overview:
The global Synthetic Quartz Market is projected to grow at a CAGR of 6.8% during the forecast period from 2024 to 2031. The market size is expected to reach XX in 2024 and YY by 2031. Asia-Pacific dominates the market, accounting for approximately 40% of the global market share. Key metrics include the growing demand from the electronics and semiconductor industry, rising investments in solar energy projects, and the increasing adoption of 5G technology.
The synthetic quartz market is steadily growing due to factors such as synthetic quartz's superior properties compared to natural quartz, rising demand for high-purity quartz in advanced applications, and a growing emphasis on sustainable and environmentally friendly materials. The advancement of modern production processes, as well as the increasing use of synthetic quartz in a variety of end-use industries, are driving market expansion.
Market Dynamics:
Growing demand from the electronics and semiconductor industry
The electronics and semiconductor industries are key users of synthetic quartz, accounting for more than 35% of market demand. Synthetic quartz is widely utilised in the manufacturing of semiconductor wafers, photomasks, and other essential components due to its high purity, outstanding thermal and electrical qualities, and perfect dimensional control.
According to recent market surveys, demand for synthetic quartz in the electronics and semiconductor industries has increased by 20% in the last three years, owing to the growing adoption of new technologies such as 5G, IoT, and artificial intelligence. Industry experts project that by 2030, the electronics and semiconductor industries will account for more than 40% of the entire synthetic quartz market, owing to the ongoing miniaturisation of electronic equipment and the increased demand for high-performance computing.
Rising investments in solar energy projects
Because of its excellent transparency, thermal stability, and UV radiation resistance, synthetic quartz glass is an important material in the manufacture of solar cells and solar panels. The increasing global investment in solar energy projects, as well as the increased emphasis on sustainable energy sources, are boosting demand for synthetic quartz in the solar industry.
According to the International Energy Agency (IEA), the global installed capacity of solar photovoltaics (PV) is predicted to reach 3,000 GW by 2030, a significant increase over current levels. Rising demand for high-efficiency solar cells, as well as increased adoption of concentrated solar power (CSP) technology, are likely to enhance synthetic quartz glass consumption in the solar industry.
Stringent regulations on the use of natural quartz
The synthetic quartz market is profiting from strict rules governing the use of natural quartz, particularly in the European Union and North America. Natural quartz frequently contains impurities and trace elements that might be detrimental to human health and the environment, limiting its usage in specific applications.
The European Commission has adopted the REACH rule, which requires the registration and assessment of the safety of chemicals such as quartz. The United States Environmental Protection Agency (EPA) has also issued standards for exposure to respirable crystalline silica, a prevalent contaminant in natural quartz. These requirements are driving the transition to synthetic quartz, which provides higher purity and greater control over material qualities.
Segment Overview:
The synthetic quartz crystal segment dominates the synthetic quartz market, accounting for over 50% of the market share.
Synthetic quartz crystals are commonly employed in the manufacture of oscillators, frequency filters, and timing devices for a variety of electronic applications. The electronics industry relies heavily on synthetic quartz crystals due to its high purity, precise frequency control, and exceptional piezoelectric capabilities.
According to our analysis, demand for synthetic quartz crystals has increased by 18% over the last five years, exceeding growth in other synthetic quartz product sectors. The synthetic quartz crystal segment is being driven primarily by the increasing adoption of 5G technology, the growing demand for high-frequency devices, and the expanding IoT ecosystem.
The synthetic quartz glass category has the second-largest market share, owing to its growing applications in the solar, semiconductor, and optical industries. According to industry data, income from synthetic quartz glass has increased by 12% each year over the last three years, with rising investments in solar energy projects and increased demand for advanced optics serving as important growth drivers.
Regional Outlook:
Asia-Pacific leads the global Synthetic Quartz market, with a market share of approximately 40%.
Asia-Pacific's dominance in the synthetic quartz market may be ascribed to a number of factors, including the region's huge electronics and semiconductor manufacturing base, increased investment in solar energy projects, and rapid acceptance of sophisticated technologies. China, Japan, and South Korea dominate the Asia-Pacific synthetic quartz market, owing to their strong industrial foundation and rising demand for high-purity quartz materials.
According to the China Nonmetallic Minerals Industry Association, China produces more than 60% of the world's synthetic quartz, with the electronics and solar industries consuming a large percentage of it domestically. The region's synthetic quartz market is predicted to rise due to increased government support for sophisticated manufacturing industries and a greater emphasis on renewable energy.
North America and Europe are also key markets for synthetic quartz, accounting for around 25% and YY% of the market, respectively. The presence of large electronic device manufacturers, strict rules on the usage of natural quartz, and the growing acceptance of 5G technology are all driving market expansion in these regions. The North American and European synthetic quartz markets are dominated by the United States, Germany, and France.
Competitive Intelligence:
The synthetic quartz market is distinguished by the presence of both huge multinational chemical corporations and specialised quartz makers. Key competitors are strengthening their market positions through capacity expansions, technical developments, and strategic collaborations.
Leading market players, such as Momentive Performance Materials Inc. and The Quartz Corp., have established strong positions through their high-quality synthetic quartz products and significant global presence. Momentive Performance Materials, a prominent producer of high-purity quartz sand and fused quartz, announced a 15% year-on-year increase in its quartz business in 2023, owing to strong demand from the electronics and semiconductor industries.
Emerging firms are making tremendous progress in producing improved synthetic quartz products for specialised applications. For example, Heraeus Holding GmbH, a global technological corporation, will launch a new line of high-purity synthetic quartz glass products for the semiconductor sector in 2023, with improved optical and thermal properties. In the same year, the company recorded a 20% growth in synthetic quartz glass sales, indicating an increasing demand for specialised quartz goods.
The market has also seen a rise in strategic alliances and joint ventures aimed at boosting manufacturing capacity and entering new markets. In 2024, a large Chinese quartz manufacturer formed a joint venture with a major European chemical business to open a synthetic quartz production plant in Europe, aiming to meet the region's expanding demand.
Analyst Opinion:
The Synthetic Quartz market is expected to rise steadily in the coming years, owing to increased demand from the electronics and semiconductor industries, rising investments in solar energy projects, and the growing usage of advanced technologies such as 5G and IoT. The market is likely to see considerable growth in the development of high-purity quartz products for specific applications, as well as the expansion of production capacity in emerging regions.
However, the market faces several hurdles, including the large capital investments required to create synthetic quartz manufacturing facilities, intense rivalry from established competitors, and the possible impact of trade tensions on the global supply chain. To preserve their market competitiveness, synthetic quartz makers must prioritise product innovation, cost optimisation, and strategic collaborations.
The growing emphasis on sustainability, as well as the need for eco-friendly materials, provide potential for the development of synthetic quartz goods with a lower environmental footprint. The utilisation of recycled raw materials, the implementation of energy-efficient production techniques, and the development of biodegradable quartz composites are all predicted to gain traction in the industry.
As the synthetic quartz market evolves, companies must spend in R&D, grow their global footprint, and work with end-use industries to produce personalised solutions that satisfy the specific needs of various applications.
Major Players:
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Momentive Performance Materials Inc.
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The Quartz Corp
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Heraeus Holding GmbH
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Saint-Gobain S.A.
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Nihon Dempa Kogyo Co., Ltd.
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Tosoh Corporation
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Feilihua Quartz Glass Co., Ltd.
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Jiangsu Pacific Quartz Co., Ltd.
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Daishinku Corporation
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Donghai County Sharp Rose Quartz Products Co., Ltd.
Key Developments:
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In February 2024, Momentive Performance Materials Inc. announced the expansion of its synthetic quartz production capacity in the United States to meet the growing demand from the electronics and semiconductor industries.
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In October 2023, Heraeus Holding GmbH formed a strategic relationship with a renowned solar cell producer to create high-purity synthetic quartz glass substrates for next-generation solar cells.
1. INTRODUCTION
1.1. Market Definitions & Study Assumptions
1.2. Market Research Scope & Segment
1.3. Research Methodology
2. EXECUTIVE SUMMARY
2.1. Market Overview & Insights
2.2. Segment Outlook
2.3. Region Outlook
3. COMPETITIVE INTELLIGENCE
3.1. Companies Financial Position
3.2. Company Benchmarking -- Key Players
3.3. Market Share Analysis -- Key Companies
3.4. Recent Companies Key Activities
3.5. Pricing Analysis
3.6. SWOT Analysis
4. COMPANY PROFILES (Key Companies list by Country) (Premium) *
5. COMPANY PROFILES
5.1. Momentive Performance Materials Inc.
5.2. The Quartz Corp
5.3. Heraeus Holding GmbH
5.4. Saint-Gobain S.A.
5.5. Nihon Dempa Kogyo Co., Ltd.
5.6. Tosoh Corporation
5.7. Feilihua Quartz Glass Co., Ltd.
5.8. Jiangsu Pacific Quartz Co., Ltd.
5.9. Daishinku Corporation
5.10. Donghai County Sharp Rose Quartz Products Co., Ltd. (*LIST NOT EXHAUSTIVE)
6. MARKET DYNAMICS
6.1. Market Trends
6.1.1. Growing demand from the electronics and semiconductor industry
6.1.2. Increasing adoption of 5G technology
6.1.3. Rising focus on sustainable and eco-friendly materials
6.2. Market Drivers
6.2.1. Rising investments in solar energy projects
6.2.2. Increasing demand for high-purity quartz in advanced applications
6.2.3. Development of advanced manufacturing technologies
6.3. Market Restraints
6.3.1. Stringent regulations on the use of natural quartz
6.3.2. High capital investments for setting up production facilities
6.4. Market Opportunities
6.5. Porter's Five Forces Analysis
6.5.1. Threat of New Entrants
6.5.2. Bargaining Power of Buyers/Consumers
6.5.3. Bargaining Power of Suppliers
6.5.4. Threat of Substitute Products
6.5.5. Intensity of Competitive Rivalry
6.6. Supply Chain Analysis
6.7. Value Chain Analysis
6.8. Trade Analysis
6.9. Pricing Analysis
6.10. Regulatory Analysis
6.11. Patent Analysis
6.12. SWOT Analysis
6.13. PESTLE Analysis
7. BY PRODUCT (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
7.1. Synthetic Quartz Crystal
7.2. Synthetic Quartz Glass
7.3. Synthetic Quartz Powder
8. BY GRADE (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
8.1. HPQ (High Purity Quartz)
8.2. Industrial Grade
9. BY APPLICATION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
9.1. Electronics & Semiconductor
9.2. Solar
9.3. Lighting
9.4. Telecom
9.5. Optics
9.6. Others
10. REGION (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
10.1. North America
10.1.1. US
10.1.2. Canada
10.2. Europe
10.2.1. Germany
10.2.2. UK
10.2.3. France
10.2.4. Italy
10.2.5. Spain
10.2.6. Rest of Europe
10.3. Asia-Pacific
10.3.1. China
10.3.2. India
10.3.3. Japan
10.3.4. Australia
10.3.5. South Korea
10.3.6. Rest of APAC
10.4. Latin America
10.4.1. Brazil
10.4.2. Mexico
10.4.3. Rest of Latin America
10.5. Middle East & Africa
10.5.1. South Africa
10.5.2. GCC Countries
10.5.3. Rest of EMEA
*NOTE: All the segments mentioned in the scope will be provided with (MARKET SIZE/VALUE (US$ Mn), SHARE (%), MARKET FORECAST (%), YOY GROWTH (%)-- 2020-2031)
Synthetic Quartz Market Segmentation:
By Product:
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Synthetic Quartz Crystal
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Synthetic Quartz Glass
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Synthetic Quartz Powder
By Grade:
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HPQ (High Purity Quartz)
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Industrial Grade
By Application:
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Electronics & Semiconductor
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Solar
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Lighting
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Telecom
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Optics
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Others
By Region:
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa
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