The global synthetic quartz market is expected to witness a year-over-year growth of 6.3% in 2022 to reach a value of US$ 93.0 Million by 2022 end. The global business is anticipated to witness a considerable CAGR of 6.1% during the period of 2022 and 2029.
| Report Attributes | Details |
|---|---|
| Synthetic Quartz Market Size (2021A) | US$ 93.0 Million |
| Synthetic Quartz Sales (2022E) | US$ 98.9 Million |
| Projected Synthetic Quarts Market (2029F) | US$ 149.4 Million |
| Value CAGR (2022 to 2029) | 6.1% |
| Collective Value Share: Top 3 Countries (2022E) | 46.8% |
Increased consumption of synthetic quartz in various end-use industries such as electronics, automotive, medical & others, is expected to push sales during the forecast period. Considering this, FMI has forecast the global synthetic quartz sales to reach a valuation of US$ 149.4 Million in 2029.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 6.0% |
| H1,2022 Projected (P) | 6.3% |
| H1,2022 Outlook (O) | 6.1% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 20 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 10 ↑ |
Future Market Insights predict a comparison and review analysis of the dynamics of the synthetic quartz market. Certain key factors influencing the demand for synthetic quartz include consumption increment in various end-use industries such as electronics, automotive, medical, etc.
In addition, the rise in technological development, consumer spending, smartphone usage, and the need for high-performance electronic devices are propelling the market. Some key trends witnessed in the market include top manufacturers' collaborations with electronics market leaders for the rapid deployment of new IoT products which are also contributing to the growth of the market.
According to FMI analysis, variation between the bps values observed in the synthetic quartz market in H1, 2022 - Outlook over H1, 2022 Projected reflects a decline of 20 units., compared to H1, 2021, the market is expected to spike by 10 BPS in H1 -2022.
Key reasons for these certain decreased expectations include the low withstanding ability of heat after a certain threshold, burnt and damaged after a certain temperature. Further rise in the pricing of raw materials and quartz particles is also expected to impact the market growth.
With these negative prospects, the market is influenced by certain positive factors, which include a rise in the adoption of new technology in the electronics industry that solely relies on electronics components such as semiconductors, optical fiber, and solar cells which majorly utilize synthetic quartz.
An increasing trend in the innovative research and development of the customized product of synthetic quartz is likely to contribute to growth in the synthetic quartz Market.
Sales of synthetic quartz increased at 5.8% CAGR, between 2014 and 2021, owing to high growth in certain key end-use industries like electronics and electrical, the military sector, the construction sector, and others. The pandemic crisis reduced demand for synthetic quartz, and impacted sales projections in the year 2020, although growth is expected to resume in the coming quarters.
The key driver for the growth of the market is the utilization of synthetic quartz in electronics, automotive & military end-use sectors. Increasing applications of synthetic quartz in a variety of other end-use industries like construction, automotive, and others are expected to propel sales in the forecast period. Electronics and automotive are the key industries that are pushing the demand for synthetic quartz.
Principal Consultant
Global synthetic quartz and its component market are driven by the electronics and automotive industries. Rise in technological developments, consumer spending, mobile phone usage, and the need for high-performance electronic equipment have propelled the market of synthetic quartz. The electronics segment accounted for a prominent share of more than three-fourths of the global market, followed by the automotive sector.
The rising adoption of technology has led to the significant growth of the electronics industry that solely relies on electronic components such as semiconductors, optical fibers, and solar cells. These electronic components utilize synthetic quartz crystals due to their important intrinsic properties. Mobile phones hold a prominent share of synthetic quartz usage in the electronic industry.
Synthetic quartz components are also useful for the installation of communication systems. Major manufacturers of synthetic quartz have developed synthetic quartz components suitable for 5G technology. The high growth of 5G technology is expected in near future. The electronics segment is anticipated to account for about 79% of the overall consumption share.
Due to logistical constraints posed by Covid standards and regulations, the Covid-19 pandemic has impacted nearly every industry. The market of synthetic quartz has been negatively impacted by the rapid spread of the virus. The COVID-19 pandemic has disrupted synthetic quartz supply chains in major users and producers such as China, the United States of America, India, and Europe.
Major synthetic quartz end consumers are also among the worst-affected sectors, increasing the synthetic quartz industry's impact. However, the market is expected to grow during the forecast period as a result of its applications in various segments, which are expected to boost the market.
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According to FMI, the USA is expected to account for a substantial share of the global market. Over the forecast period, the United States is expected to dominate the North American market with a significant value share in terms of consumption.
High demand for electronics, especially consumer electronics, including mobile phones, watches, clocks, GPS, lasers, sensors, television sets, laptops, and games has played an important role in the growth of electronics, and this is expected to push the demand for synthetic quartz as well. Increasing capital investments by key players in the USA are also expected to push for significant growth in the near future. The USA market of synthetic quartz is expected to reach a value of about US$ 28.7 Million by the year 2029.
China is projected to grow with a 6.7% CAGR over the forecast period of 2022 and 2029. Synthetic quartz plays an important role in the manufacturing of consumer electronics. Besides, a large number of mobile, television, lenses, and automotive manufacturers are also based in China, which makes it the most attractive target location for synthetic quartz sales.
Most synthetic quartz is consumed as an electronic component, and used in different sectors such as automotive, military, medical, construction, and other applications. China is one of the major producers and exporters of electronics. Moreover, it has good production-to-sales ratio for electronics. All these factors are boosting the demand for synthetic quartz in the country.
The synthetic quartz crystal segment is expected to grow at a prominent value of 6.2% CAGR over the forecast period of 2022 to 2029. Quartz is one of the most commonly found minerals in the earth’s crust. Although quartz is available in abundance, it is also processed in an autoclave through a hydrothermal process.
Synthetic quartz is widely used in the manufacturing of electronic components that are necessary for end-use industries like electrical & electronics, automotive, military, construction, medical, and petroleum. Synthetic quartz crystal holds a prominent share in the global market of synthetic quartz.
Quartz crystal also poses piezoelectric property, thus, force applied in any direction causes electrical charge. All these application segments' growth can enhance the demand for quartz crystals.
The automotive segment is projected to create an absolute dollar opportunity of more than US$ 3.7 Million during the period of 2022 to 2029. The automotive industry has been one of the key end-use industries for the market of synthetic quartz.
Synthetic quartz has been proven to be the choice of manufacturers for making frequency control oscillators as they help in the smooth operations of various equipment. Thus, the increasing automotive production is expected to positively impact the global market in the assessment period.
Automotive is a key application segment for synthetic quartz. Synthetic quartz is used in various automotive electronic applications like sensors, displays, and others. The automobile industry is entering a new era of electronics with new safety and connectivity system solutions that are expected to give a boost to ‘pervasion’.
Synthetic quartz is used in automotive, significantly for electronic applications like engine control, advanced safety vehicle (ASV), audio/navigation, GPS, watch, car camera, communication, controller (battery, inverter, converter), and satellite radio. The rising need for electro-mobility and the development of driverless cars are expected to drive synthetic quartz demand in the coming years.
In recent years, manufacturers have shifted their focus to emerging countries in order to meet the growing demand for synthetic quartz. Several major players are also focusing on improving their manufacturing capabilities, Research and Development investments, collaborations, and mergers and acquisitions.
For Instance:
The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers of the market.
*The list is not exhaustive, and is only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America, Latin America Middle East & Africa, Europe, South Asia, East Asia, Oceania |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, Thailand, Vietnam, Singapore, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, GCC Countries, South Africa |
| Key Segments Covered | Product Type, End Use, and Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market of synthetic quartz is expected to create a valuation of US$ 98.9 Million in 2022.
The synthetic quartz market has been estimated to exhibit a growth rate of 6.1% between 2022 and 2029 on a value basis.
Electronics & electrical end-use segment is expected to contribute a major growth share to the overall market in 2022. The segment is expected to account for about 79% of the overall consumption of quartz.
TXC Corporation, Nihon Dempa Kogyo, Kyocera, Murata Manufacturing, Seiko Epson, Daishinku Corp. - KDS, Hubei Feilihua Quartz Glass Co., Ltd., Taihan Fiberoptics, Heraeus Group, Yuzhnouralsk Plant Kristall, etc. are the key manufacturers in the global market.
The demand in the USA is expected to increase by 5.9% CAGR between 2022 and 2029 on a value basis.
1. Executive Summary | Synthetic Quartz Market 1.1. Global Market Outlook 1.2. Demand Side Trends 1.3. Supply Side Trends 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Taxonomy 2.2. Market Definition 3. Key Trends & Success Factor 3.1. Key Trends Impacting the Market 3.2. Success Factor 4. Global Market Demand Analysis 2014 to 2021 and Forecast, 2022 to 2029 4.1. Historical Market Volume (Tons) Analysis, 2014 to 2021 4.2. Current and Future Market Volume (Tons) Projections, 2022 to 2029 4.2.1. Y-o-Y Growth Trend Analysis 5. Global Market - Pricing Analysis 5.1. Regional Pricing Analysis By Product Type 5.2. Pricing Break-up 5.3. Global Average Pricing Analysis Benchmark 6. Global Market Demand (US$ Million) Analysis 2014 to 2021 and Forecast, 2022 to 2029 6.1. Historical Market Value (US$ Million) Analysis, 2014 to 2021 6.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2029 6.2.1. Y-o-Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Market Background 7.1. Macroeconomic Factors 7.2. Forecast Factors - Relevance & Impact 7.3. Usage of EUV 7.4. Value Chain 7.5. Product Type Vs End-Use Criss-cross Analysis 8. Market Dynamics 8.1. Driver 8.2. Restraint 8.3. Opportunity Analysis 8.4. Patent Analysis 9. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, By Product Type 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2014 to 2021 9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 to 2029 9.3.1. Crystal 9.3.2. Glass 9.4. Market Attractiveness Analysis By Product Type 10. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, By End-use 10.1. Introduction / Key Findings 10.2. Historical Market Size (US$ Million) and Volume Analysis By End-use, 2014 to 2021 10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-use, 2022 to 2029 10.3.1. Electronics & Electrical 10.3.2. Automotive 10.3.3. Military 10.3.4. Medical 10.3.5. Construction 10.3.6. Others 10.4. Market Attractiveness Analysis By End-use 11. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region 11.1. Introduction 11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2014 to 2021 11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2029 11.3.1. North America 11.3.2. Latin America 11.3.3. Europe 11.3.4. East Asia 11.3.5. South Asia 11.3.6. Oceania 11.3.7. Middle East and Africa (MEA) 11.4. Market Attractiveness Analysis By Region 12. North America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021 12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028 12.4.1. By Country 12.4.1.1. USA 12.4.1.2. Canada 12.4.2. By Product Type 12.4.3. By End-use 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Product Type 12.5.3. By End-use 12.6. Drivers and Restraints - Impact Analysis 13. Latin America Market Analysis 2014 to 2021 and Forecast 2022 to 2029 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021 13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028 13.4.1. By Country 13.4.1.1. Brail 13.4.1.2. Mexico 13.4.1.3. Rest of Latin America 13.4.2. By Product Type 13.4.3. By End-use 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Product Type 13.5.3. By End-use 13.6. Drivers and Restraints - Impact Analysis 14. Europe Market Analysis 2014 to 2021 and Forecast 2022 to 2029 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021 14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028 14.4.1. By Country 14.4.1.1. Germany 14.4.1.2. Italy 14.4.1.3. France 14.4.1.4. United Kingdom 14.4.1.5. Spain 14.4.1.6. Russia 14.4.1.7. Rest of Europe 14.4.2. By Product Type 14.4.3. By End-use 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Product Type 14.5.3. By End-use 14.6. Drivers and Restraints - Impact Analysis 15. South Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021 15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028 15.4.1. By Country 15.4.1.1. India 15.4.1.2. Thailand 15.4.1.3. Malaysia 15.4.1.4. Singapore 15.4.1.5. Indonesia 15.4.1.6. Vietnam 15.4.1.7. Rest of South Asia 15.4.2. By Product Type 15.4.3. By End-use 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Product Type 15.5.3. By End-use 15.6. Drivers and Restraints - Impact Analysis 16. East Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029 16.1. Introduction 16.2. Pricing Analysis 16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021 16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028 16.4.1. By Country 16.4.1.1. China 16.4.1.2. Japan 16.4.1.3. South Korea 16.4.1.4. Rest of East Asia 16.4.2. By Product Type 16.4.3. By End-use 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Product Type 16.5.3. By End-use 16.6. Drivers and Restraints - Impact Analysis 17. Middle East & Africa Market Analysis 2014 to 2021 and Forecast 2022 to 2029 17.1. Introduction 17.2. Pricing Analysis 17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021 17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028 17.4.1. By Country 17.4.1.1. GCC Countries 17.4.1.2. South Africa 17.4.1.3. Turkey 17.4.1.4. Rest of Middle East & Africa 17.4.2. By Product Type 17.4.3. By End-use 17.5. Market Attractiveness Analysis 17.5.1. By Country 17.5.2. By Product Type 17.5.3. By End-use 17.6. Drivers and Restraints - Impact Analysis 18. Oceania Market Analysis 2014 to 2021 and Forecast 2022 to 2029 18.1. Introduction 18.2. Pricing Analysis 18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021 18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028 18.4.1. By Country 18.4.1.1. Australia 18.4.1.2. New Zealand 18.4.2. By Product Type 18.4.3. By End-use 18.5. Market Attractiveness Analysis 18.5.1. By Country 18.5.2. By Product Type 18.5.3. By End-use 18.6. Drivers and Restraints - Impact Analysis 19. Emerging Countries Market Analysis 2014 to 2021 and Forecast 2022 to 2029 19.1. Introduction 19.1.1. Market Value Proportion Analysis, By Key Countries 19.1.2. Global Vs. Country Growth Comparison 19.2. China Market Analysis 19.2.1. Introduction 19.2.2. Pricing Analysis 19.2.3. PEST Analysis 19.2.4. Market Value Proportion Analysis by Market Taxonomy 19.2.5. Market Volume (Tons) and Value (US$ Million) Analysis and Forecast by 19.2.6. Market Taxonomy 19.2.6.1. By Product Type 19.2.6.2. By End-use 19.2.7. China Market - Competition Landscape 19.2.8. China - Trade Analysis 19.3. South Korea Market Analysis 19.3.1. Introduction 19.3.2. Pricing Analysis 19.3.3. PEST Analysis 19.3.4. Market Value Proportion Analysis by Market Taxonomy 19.3.5. Market Volume (Tons) and Value (US$ Million) Analysis and Forecast by Market Taxonomy 19.3.5.1. By Product Type 19.3.5.2. By End-use 19.3.6. South Korea Market - Competition Landscape 20. Market Structure Analysis 20.1. Market Analysis by Tier of Companies 20.2. Market Concentration 20.3. Market Share Analysis of Key Players 20.4. Market Presence Analysis 20.4.1. By Regional Footprint of Players 20.4.2. Product foot print by Players 20.4.3. Channel Foot Print by Players 21. Competition Analysis 21.1. Competition Dashboard 21.2. Pricing Analysis by Competition 21.3. Competition Benchmarking 21.4. Competition Deep Dive 21.4.1. TXC Corporation 21.4.1.1. Overview 21.4.1.2. Product Portfolio 21.4.1.3. Profitability by Market Segments (Product/Channel/Region) 21.4.1.4. Sales Footprint 21.4.1.5. Strategy Overview 21.4.1.5.1. Marketing Strategy 21.4.1.5.2. Product Strategy 21.4.1.5.3. Channel Strategy 21.4.2. Nihon Dempa Kogyo 21.4.2.1. Overview 21.4.2.2. Product Portfolio 21.4.2.3. Profitability by Market Segments (Product/Channel/Region) 21.4.2.4. Sales Footprint 21.4.2.5. Strategy Overview 21.4.2.5.1. Marketing Strategy 21.4.2.5.2. Product Strategy 21.4.2.5.3. Channel Strategy 21.4.3. Kyocera Corporation 21.4.3.1. Overview 21.4.3.2. Product Portfolio 21.4.3.3. Profitability by Market Segments (Product/Channel/Region) 21.4.3.4. Sales Footprint 21.4.3.5. Strategy Overview 21.4.3.5.1. Marketing Strategy 21.4.3.5.2. Product Strategy 21.4.3.5.3. Channel Strategy 21.4.4. Murata Manufacturing 21.4.4.1. Overview 21.4.4.2. Product Portfolio 21.4.4.3. Profitability by Market Segments (Product/Channel/Region) 21.4.4.4. Sales Footprint 21.4.4.5. Strategy Overview 21.4.4.5.1. Marketing Strategy 21.4.4.5.2. Product Strategy 21.4.4.5.3. Channel Strategy 21.4.5. Seiko Epson 21.4.5.1. Overview 21.4.5.2. Product Portfolio 21.4.5.3. Profitability by Market Segments (Product/Channel/Region) 21.4.5.4. Sales Footprint 21.4.5.5. Strategy Overview 21.4.5.5.1. Marketing Strategy 21.4.5.5.2. Product Strategy 21.4.5.5.3. Channel Strategy 21.4.6. Daishinku Corp. - KDS 21.4.6.1. Overview 21.4.6.2. Product Portfolio 21.4.6.3. Profitability by Market Segments (Product/Channel/Region) 21.4.6.4. Sales Footprint 21.4.6.5. Strategy Overview 21.4.6.5.1. Marketing Strategy 21.4.6.5.2. Product Strategy 21.4.6.5.3. Channel Strategy 21.4.7. Hubei Feilihua Quartz Glass Co., Ltd. 21.4.7.1. Overview 21.4.7.2. Product Portfolio 21.4.7.3. Profitability by Market Segments (Product/Channel/Region) 21.4.7.4. Sales Footprint 21.4.7.5. Strategy Overview 21.4.7.5.1. Marketing Strategy 21.4.7.5.2. Product Strategy 21.4.7.5.3. Channel Strategy 21.4.8. Taihan Fiberoptics 21.4.8.1. Overview 21.4.8.2. Product Portfolio 21.4.8.3. Profitability by Market Segments (Product/Channel/Region) 21.4.8.4. Sales Footprint 21.4.8.5. Strategy Overview 21.4.8.5.1. Marketing Strategy 21.4.8.5.2. Product Strategy 21.4.8.5.3. Channel Strategy 21.4.9. Heraeus Group 21.4.9.1. Overview 21.4.9.2. Product Portfolio 21.4.9.3. Profitability by Market Segments (Product/Channel/Region) 21.4.9.4. Sales Footprint 21.4.9.5. Strategy Overview 21.4.9.5.1. Marketing Strategy 21.4.9.5.2. Product Strategy 21.4.9.5.3. Channel Strategy 21.4.10. Yuzhnouralsk Plant Kristall 21.4.10.1. Overview 21.4.10.2. Product Portfolio 21.4.10.3. Profitability by Market Segments (Product/Channel/Region) 21.4.10.4. Sales Footprint 21.4.10.5. Strategy Overview 21.4.10.5.1. Marketing Strategy 21.4.10.5.2. Product Strategy 21.4.10.5.3. Channel Strategy 21.4.11. Coorstek 21.4.11.1. Overview 21.4.11.2. Product Portfolio 21.4.11.3. Profitability by Market Segments (Product/Channel/Region) 21.4.11.4. Sales Footprint 21.4.11.5. Strategy Overview 21.4.11.5.1. Marketing Strategy 21.4.11.5.2. Product Strategy 21.4.11.5.3. Channel Strategy 21.4.12. Impex HighTech 21.4.12.1. Overview 21.4.12.2. Product Portfolio 21.4.12.3. Profitability by Market Segments (Product/Channel/Region) 21.4.12.4. Sales Footprint 21.4.12.5. Strategy Overview 21.4.12.5.1. Marketing Strategy 21.4.12.5.2. Product Strategy 21.4.12.5.3. Channel Strategy 22. Assumptions and Acronyms Used 23. 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Synthetic Quartz Market
