Below are some of the key findings from the high purity quartz market research report:
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Global high purity quartz industry overview
The rising demand for high purity quartz from the semiconductor industry will be the primary factor that will drive the high purity quartz market during the forecast period. High purity quartz is used extensively in the semiconductor industry for applications such as the production of crucibles, tubes, and rods. The demand for high purity quartz will grow due to the establishment of new fabrication plants, which consume large volumes of the semiconductor base materials to produce monocrystalline silicon. This silicon is used to produce semiconductor wafers and is used in most electronic products including cellphones, computers, and microelectronic devices. The high purity quartz market outlook looks positive due to the rising demand for electronics and semiconductors.
The growing demand for high purity quartz sand in hydraulic fracturing is one of the major high purity quartz market trends that will stimulate market growth. High purity sand, i.e., silica is highly durable and acts as a crush resistant material which is used in the oil & gas industry for hydraulic fracturing. It props the fractures open by forming a network of pore spaces which allow petroleum fluids to flow out of the rock and into the well. With the growth of hydraulic fracturing in the oil & gas industry, the demand for high purity quartz sand has risen substantially in the last 5-10 years and is expected to grow during the forecast period. The high purity quartz market forecast report predicts the market to grow at a CAGR of over 6% during the forecast period.
Top high purity quartz companies covered in this market research report
The high purity quartz market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this high purity quartz industry analysis report will help clients identify and design new growth strategies.
The report offers a complete analysis of various companies including:
- Covia Holdings Corporation
- High Purity Quartz
- Nordic Mining
- PACIFIC QUARTZ
- RUSNANO Group
- The Quartz Corporation
High purity quartz market segmentation based on geographic regions
Global high purity quartz market analysis reveals that the APAC region will lead to the high purity quartz market share till the end of the forecast period, and the region will also account for the highest incremental growth.
High purity quartz market segmentation based on end user
- Semiconductor
- Solar
- Lighting
- Optical
- Others
The semiconductor segment will account for the largest high purity quartz market share during the forecast period, while the solar segment is expected to witness the highest incremental growth. Additionally, the report also provides an accurate prediction of the contribution of all the various end-user segments to the growth of the high purity quartz market size.
Key highlights of the global high purity quartz market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the high purity quartz market during the next five years
- Precise estimation of the global high purity quartz market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the high purity quartz industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of high purity quartz companies
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