HIGH PURITY QUARTZ MARKET ANALYSIS

Market Challenges And Opportunities

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 - 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.