Quartz Market is estimated to be US$ 17.50 billion by 2030 with a CAGR of 6.5% during the forecast period
Quartz Market accounted for US$ 9.4 billion in 2020 and is
estimated to be US$ 17.50 billion by 2030 and is anticipated to register a CAGR
of 6.5%. “Quartz” is derived from the German word “Quarz”. Quartz is the
crystalline form of silicon dioxide & second most abundant mineral in
Earth’s crust after feldspar. Quartz is abundant in certain igneous rocks. It
forms clear to grey or white lumpy blobs in granite & comprise most of
silicate-rich or felsic igneous rocks. It is rare in more primitive basic or
silica-poor igneous rocks such as basalt. Quartz can grow into stones made of
tiny microcrystals. Quartz occurs in essential mineral in silica-rich felsic
rocks as granites, granodiorites & rhyolites.
Quartz exists in two forms, the normal alpha
quartz & beta quartz. Quartz are classified into gemstones. Variety of
Quartz minerals are used in the making of jewelry & headstone carvings,
especially in Eurasia. Quartz is extracted from open pit mines. Miners
occasionally use explosives to expose deep buildozers & backhoes are used
to remove soil & clay & expose quartz veins, which are then worked
using hand tools. To avoid damage of crystals care must be taken at certain
temperatures. Industrial demand for Quartz crystals met with synythetic Quartz
produced by hydrothermal process. Synthetic crystals are less prized for use as
gemstones.
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Market: https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/3749
The report “Global Quartz Market, By
Type (Quartz Surface and Tile, High-purity Quartz, Fused Quartz Crucible,
Quartz Glass, Quartz Crystal, Quartz Sand, Plastic Foam, and Other Types), By
End-user (Electronics and Semiconductor, Solar Industry, Buildings and
Construction, Medical Industry, Optics and Telecommunication, and Others), and,
By Region (North America, Europe, Asian Pacific, Latin America, and Middle East
& Africa) – Trends, Analysis, and Forecast till 2029 “
Key Highlights:
·
JUNE 07, 2021-
Oman-India JV launches engineered quartz stone project in Sohar FZ. This will
further strengthen the Sultanate’s credentials as leading manufacturer &
exporter of natural & engineered stones for the global construction
industry.
·
AUGUST 15,
2018. - Ferroglobe to open solar grade silicon factory in Spain by the end of
2018. Ferroglobe adds that it will conduct another important test in the
upcoming weeks, where it will analyze 500 Kw of PERC solar cells based on its
own “black silicon”, in co-ordination with another unspecified Super League
photovoltaic producer.
Analyst View:
The
Quartz Market is growing around the world. The popularity of crystal healing
has increased the demand for natural Quartz crystals. Quartz crystals are often
mined in developing countries using primitive mining methods. Thus, newly
projects worldwide had brought the boost growth in Quartz Market.
Key Market Insights from the report:
Global Quartz Market accounted for US$ 9.4
billion in 2020 and is estimated to be US$ 17.50 billion by 2030 and is
anticipated to register a CAGR of 6.5%. The Global Quartz
Market is segmented based on Type, End-user and Region.
·
Based on Type,
Global Quartz Market is segmented into Quartz Surface & Tile, High
Purity Quartz, Fused Quartz Crucible, Quartz Glass, Quartz Crystal, Quartz
Sand, Plastic Foam & Other Types.
·
Based on
End-user, Global Quartz Market is segmented into Electronics &
Semiconductor, Solar Industry, Buildings & Construction, Medical Industry,
Optics & Telecommunication & Others.
·
By Region, the
Global Quartz Market is segmented into North America, Europe, Asian
Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies
of Global Quartz Market:
The prominent players operating in the Global Quartz Market includes, Beijing Kaide Quartz Co. Ltd.,
Sibelco (Unimin Corporation), Donghai Shihu Quartz, Alicante Surfaces Pvt. Ltd,
The QUARTZ corp., Technostone, HanStone Quartz, Essem Metachem, High Purity
Quartz Pty Ltd, HPQ Silicon, Jiangsu Pacific Quartz Co. Ltd, Nordic Mining ASA,
Pokarna Limited, Russian Quartz (RUSNANO), Mitsubishi Corporation.
The market provides detailed information
regarding the industrial base, productivity, strengths, manufacturers, and
recent trends which will help companies enlarge the businesses and promote
financial growth. Furthermore, the report exhibits dynamic factors including
segments, sub-segments, regional marketplaces, competition, dominant key
players, and market forecasts. In addition, the market includes recent
collaborations, mergers, acquisitions, and partnerships along with regulatory
frameworks across different regions impacting the market trajectory. Recent
technological advances and innovations influencing the global market are
included in the report.
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Some Important Points Answered in this Market
Report Are Given Below:
·
Explains an
overview of the product portfolio, including product development, planning, and
positioning
·
Explains
details about key operational strategies with a focus on R&D strategies,
corporate structure, localization strategies, production capabilities, and financial
performance of various companies.
·
Detailed
analysis of the market revenue over the forecasted period.
·
Examining
various outlooks of the market with the help of Porter’s five forces analysis,
PEST & SWOT Analysis.
·
Study on the
segments that are anticipated to dominate the market.
·
Study on the
regional analysis that is expected to register the highest growth over the
forecast period
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