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Quartz Market Analysis 2024 - By Type, By Offering And End-Users
Quartz Market
As per the report, the quartz market size has grown strongly in recent years. It will grow from $9.01 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The quartz market size is expected to see strong growth in the next few years. It will grow to $13.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.
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Surge In Semiconductor Demand Catalyzes Growth In The Quartz Market
An increase in demand for semiconductors is expected to propel the growth of the quartz market going forward. In the semiconductor sector, quartz plates and discs are required to manufacture boats, pedestals, wafers, wafer carriers, and batch processing equipment. Quartz, such as high purity quartz, is used in the semiconductor industry to produce crucibles and quartz glass products such as windows, rods, and tubes. For instance, according to the Semiconductor Industry Association (SIA), a US-based semiconductor industry, global semiconductor sales totaled $48.8 billion in October 2021, up 24.0 % from $39.4 billion in October 2020 and 1.1% higher than October 2021. Therefore, the increase in demand for semiconductors is driving the growth of the quartz market.
Elevating The Quartz Market With Innovative And Durable Quartz Surfaces
Major companies operating in the quartz market are focused on introducing advanced solutions, such as quartz collection, to gain a competitive edge in the market. Quartz collections are a range of quartz surfaces or countertops with innovative designs and colors, ranging from icy white tones to midnight black tones, For instance, in May 2023, Akrilika Holding Company, a Russia-based manufacturer of solid surface and quartz launched Alfa Quartz. Alfa Quartz is a premium material that combines natural elements with durability and innovative design featuring the first 10 colors. Alfa Quartz surfaces are non-porous, scratch-resistant, and do not require sealing, making them low-maintenance and durable.
The quartz market covered in this report is segmented -
1) By Type: Engineered Quartz Stones, Quartz Sand, Quartz Pebbles, Quartz Crystals, Other Types
2) By Grade: High-Purity Quartz, Grade I, Grade II, Grad III
3) By End User: Electronics and Semiconductors, Solar, Building and Construction, Metallurgy, Optics and Telecommunication, Other End Users
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Major companies operating in the quartz market report are Heraeus Holding, Kyocera Corporation, Murata Manufacturing Co Ltd., DuPont de Nemours Inc., Ferroglobe, Cosentino Group, Sibelco Quartz Corporation, Covia Holdings LLC, Jiangsu Pacific Quartz Co Ltd., Cambria, Caesarstone Ltd., Goodfellow Corp, NIHON DEMPA KOGYO Co LTD., CR Lawrence, Compac, MS Industries, Bitto(Dongguan), Kleen Industrial Services, Abrisa Technologies, Quality Quartz Engineering, American Elements, Baba Quartz, Ron Coleman Mining, Creswick Quartz, Donghai Colorful Mineral Products, ULTRA HPQ, Diresco, Alicante Surfaces Pvt Ltd, Belenco, HanStone Quartz, Wonic QnC Corporation, Xinyi MingwangQuartz Sand, Momentive Technologies, INASCO Inc., AGC Inc., Quartz Corp, Russian Quartz LLC, Saint Gobain Group, N.T. Ruddock Co, Pegasus Glass, Technistone, Swift Glass Company, Elkem ASA, Thermo Fisher Scientific, Noah Chemicals, Australian Silica Quartz Group Ltd.
Contents of the report:
1. Executive Summary
2. Quartz Market Report Structure
3. Quartz Market Trends And Strategies
4. Quartz Market - Macro Economic Scenario
5. Quartz Market Size And Growth
…..
27. Quartz Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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