Quartz Market: Introduction
Transparency Market Research delivers key insights on the global quartz market. In terms of revenue, the global quartz market is estimated to expand at a CAGR of 6.6% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecast in its report on the global quartz market.
The global quartz market is broadly affected by several factors, including rise in usage of quartz in the building & construction industry. The increase in demand for quartz in construction, semiconductor, and solar industries is propelling the global quartz market.
Quartz Market: Dynamics
The rise in demand for container glass, specialty glass, and flat plate glass made from quartz is expected to the drive the quartz market in the near future. Residential and commercial construction is the major contributor to the market size of quartz. Residential construction has been increasing significantly, since the past few years, owing to the rise in disposable income of consumers, changing lifestyle, growth in demand for single-family homes, and ease of financing.
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The growth of the building & construction industry is driving the demand for quartz in the manufacture of flat glass, container glass, glass wool, and specialty glass.
Based on type, the engineered quartz stones segment is estimated to expand at a significant pace during the forecast period. Growth of the segment can be ascribed to the increase in demand for engineered quartz stones in the building & construction sector in Asia Pacific.
Increase in population and rapid urbanization in Asia Pacific; and need for improved infrastructure and residential spaces are anticipated to play a crucial role in the expansion of the quartz market.
Quartz is also utilized as a grating for sandblasting, pounding glass, and cutting delicate stones. It is fundamentally used in the personal computer business, as silicon semiconductors are produced using quartz. Quartz is increasingly used in various end-use industries such as medical, semiconductor, solar, and optical fiber & telecommunication. This is expected to drive the global quartz market in the near future.
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Quartz Market: Prominent Regions
Based on region, the global quartz market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the global quartz market in 2020. The region is expected to maintain its dominance during the forecast period. The dominance of Asia Pacific can be ascribed to increase in infrastructure and construction activities, including China and India, in the region.
The quartz market in Middle East & Africa is anticipated to expand at a significant pace during the forecast period. Larger size of end-use industries in North America and Europe is expected to augment the quartz market in these regions during the forecast period. The rise in demand for quartz in various end-use industries is also likely to boost the quartz market in these regions over the next few years.
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Quartz Market: Key Players
The global quartz market is fragmented with the presence of large numbers of players. Key players operating in the global quartz market are The Quartz Corporation, Quality Quartz Engineering, Saint Gobain Group, Murata Manufacturing Co., Ltd., Kyocera Corporation, TXC Corporation, Abrisa Technologies, Swift Glass Co., Inc., Industrial Quartz Corporation, and Caesarstone Ltd.
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About Us Section:
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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