HIGH PURITY QUARTZ MARKET ANALYSIS

Global high purity quartz market was valued at US$ 857.4 Mn in 2023, exhibiting a CAGR of 10.5% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 1,730.1 Mn by 2030. High purity quartz is important industrial material used across high-end electronics applications such as semiconductors, lighting, and photovoltaic (PV) solar panels. It is used to produce glass that has excellent optical transmission properties and the ability to withstand extremely high temperatures and warm stuns. Moreover, quartz is also used in the manufacturing of photovoltaic cells, silicon metal, and halogens. Furthermore, high-purity quartz is also used in the manufacturing of fiber optics.

Covid-19 Impact on Global High Purity Quartz Market

Due to erratic supply and demand conditions, the COVID-19 pandemic fastened the wings of the global high-purity quartz market. As a result, some of the factors that are assisting in the revival of the global economy include the easing of trade restrictions and transportation regulations in various nations. The supply of high-purity quartz was impacted in the first half of 2021 by business disruptions in China's core industries. Nevertheless, market growth has been significantly boosted in recent years by economic restructuring and an increase in the number of industrial development projects in China and India. 

Global High Purity Quartz Market - Drivers

• Growing demand for semiconductor ICs (Integrated Circuit): Growing demand for semiconductor IC’s due to the penetration of the internet of things is expected to accelerate the market growth of global high purity quartz. HPQ glass crucible is widely used to produce metallic semiconductor grade silicon (Si). The growth of the high purity quartz market is also attributed to the rising production of semiconductor IC's products. Moreover, growth in the telecommunication and optical fibers industry is projected to foster the market growth of high purity quartz. The rising demand for a high bandwidth network coupled with the increasing penetration of the internet around the globe is anticipated to fuel the market growth of high purity quartz. 
• Rising adoption in the electrical industry: Due to its growing use in the electrical industry, the demand for high-purity quartz has been steadily rising. High optical transmission and high temperature resistance are just two of the exceptional physio-chemical properties that have contributed to the increased use of high-purity quartz. For instance, currently operating at around 60-70 per cent capacity utilization, the Power Equipment Industry Production size in 2021-22 was US$ 30 Billion.

Global High Purity Quartz Market - Restraints

• Volatility of raw material prices and the high cost of high-purity quartz: High purity quartz is regarded as one of the most significant minerals, particularly in the microelectronics and electronics industries. However, highly pure quartz encounters problems like the presence of impurities, which has prompted several electronic companies to either purchase low-purity quartz or find alternatives. The market is constrained by the high cost of quartz with high and ultra-high purity. For instance, the price of high purity quartz begins at 5,000 dollars per ton and can sometimes be priced higher than 5,000 dollars per ton.

Global High Purity Quartz Market - Segmentation

Figure 1. Global High Purity Quartz Market, By Application, 2022

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On the basis of application in 2022, the semiconductor segment has accounted for the largest market share of 54.60% in terms of value. The main component of high purity quartz sand is silicon dioxide (SiO2). Quartz is used in the semiconductor industry because pure crystalline SiO2 exhibits the piezoelectric effect, which is used in the manufacture of computer chips and semiconductor technology. Quartz with an extremely high purity level is rare and expensive, but it is used in the semiconductor industry to create silicon wafers. To create silicon metal semiconductors for transistors, which are used in the creation of microelectronics, integrated circuits, and the silicon chip, pure quartz sand is used. Therefore, it is anticipated that the high purity quartz market will expand as a result of the increasing use of high purity quartz in semiconductors for transistors, ICs, and other devices.

Global High Purity Quartz Market - Opportunities

• Rising demand for high purity quartz is an important ingredient in the manufacturing of Si metal: Rising demand for high purity quartz is an important ingredient in the manufacturing of Si metal is expected to provide potential growth opportunities. Manufacturing of Si metal has a wide range of industrial applications such as semiconductors to produce poly-silicon. Moreover, emerging new and niche application area due to the excellent chemical and physical resistance of high purity quartz is also anticipated to propel the market growth of high purity quartz.
• Rapid urbanization and industrialization around the globe: Rapid urbanization and industrialization around the globe coupled with the increasing per capita income of the consumers are propelling demand for advanced electronic products. Moreover, rising awareness regarding the benefits of high purity quartz as an industrial product across the developing region is further anticipated to accelerate market growth. 

Global High Purity Quartz Market - Trends

• Rising demand for silica gel around the globe

Rising demand for silica gel around the globe is expected to fuel the market growth high purity quartz. For instance, in February 2020, Thermo Fisher Scientific Baltics, a U.S.-owned Lithuanian producer of medical and scientific equipment, announced to expand its product range by launching the production of high-purity silica gel. Thus, the rising demand for silica gel will favor market growth.

Global High Purity Quartz Market - Regional Insights

Asia Pacific dominated the global high-purity quartz market in 2022 accounting for 62.10% in terms of value. Due to its extensive industrial manufacturing sector, substantial customer base, and easy access to raw materials, China is likely to maintain its dominant market share in the region. Additionally, the Asia Pacific region's high concentration of semiconductor wafer manufacturers is fuelling market expansion.

North America is another important market for high-purity quartz, which has many production facilities. For instance, some of the purest quartz in the area is sourced by Quartz Corp., a well-known supplier of high quartz sand.

In Europe due to its superior efficiency and purity, high-purity quartz is widely used in the semiconductor industry. Additionally, the region makes crucibles and quartz glass products like windows, tubes, and rods using high-purity quartz.

Figure 2. Global High Purity Quartz Market, By Region, 2022

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Global High Purity Quartz Market - Key Developments

In 2020, Momentive Performance Materials, a global leader in silicones and advanced materials, launched a new high purity quartz product called Momentive Quartz HPQ. This product was aimed at various high-tech applications such as optical fibers, photovoltaics, and semiconductor manufacturing. Momentive Performance Materials Inc. provides silicon and chemical products. The Company offers adhesives, antifoams, ceramics, coatings, coupling, demulsifiers, fluids, grease, modifiers, resins, softeners, and urethane additives, as well as other related products. Momentive Performance Materials serves customers worldwide.

• In 2021, Heraeus Holding, a German technology group, announced the launch of its new high purity quartz glass product called Heraeus Quartzware. These products was designed for use in the semiconductor, optical and telecommunication industries, offering excellent material properties and precision manufacturing. The Heraeus Group is a broadly diversified and globally leading family-owned technology company, headquartered in Hanau, Germany. The company's roots go back to a family pharmacy that started in 1660. Today, the Heraeus group includes businesses in the environmental, electronics, health, and industrial applications sectors.
• In 2019, GOLOVACH QUARTZ PTE. LTD., a manufacturer of high-purity quartz, launched a new mechanism to expand its high purity quartz production. The company enhanced its existing product portfolio to gain a competitive edge in the market. The company is an Exempt Private Company Limited by Shares, incorporated on 24 June 2016 (Friday) in Singapore. The address of the company's registered office is the HONG LIM COMPLEX building. The company's current operating status is struck off. This company's principal activity is other mining and quarrying with management consultancy services i.e. as the secondary activity.
• In September 2016, Jiangsu Pacific Quartz Co Ltd. established a branch in Shanghai, which is engaged in sales of the quartz tube, quartz sand, and other quartz-related products. Jiangsu Pacific Quartz Company Limited develops, manufactures, and sells quartz products. The Company offers high-end quartz tubes, quartz rods, high purity quartz sand, and other quartz products which include quartz crucibles.

Global High Purity Quartz Market - Key Players

Major players operating in the global high purity quartz market include Unimin Corp. /Sibelco, The Quartz Corp., Russian Quartz LLC – Kyshtym Mining – Sumitomo, Jiangsu Pacific Quartz Co., Nordic Mining, and High Purity Quartz Pty Ltd

Definition: High purity quartz (HPQ) is a special feedstock and it is used in industries that have high-tech applications, for example, the solar industry. High purity quartz sand is the most cost-effective solution to meet the consistently increasing requirements, in terms of quality, in the solar industry.