The global synthetic quartz market is expected to witness a year-over-year growth of 6.3% in 2022 to reach a value of USD 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) | USD 93.0 Million |
| Synthetic Quartz Sales (2022E) | USD 98.9 Million |
| Projected Synthetic Quarts Market (2029F) | USD 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 USD 149.4 Million in 2029.
| 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.
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.
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 USD 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 USD 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 | 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; Coorstek; Impex HighTech |
| 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 |
Table 01: Global Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 02: Global Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Table 03: Global Market Size Volume (Tons) and Value (US$ Million) Forecast by Region, 2014 to 2029
Table 04: North America Market Size Volume (Tons) and Value (US$ Million) Forecast by Country, 2014 to 2029
Table 05: North America Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 06: North America Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Table 07: Latin America Market Size Volume (Tons) and Value (US$ Million) Forecast by Country, 2014 to 2029
Table 08: Latin America Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 09: Latin America Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Table 10: Europe Market Size Volume (Tons) and Value (US$ Million) Forecast by Country, 2014 to 2029
Table 11: Europe Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 12: Europe Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Table 13: South Asia Market Size Volume (Tons) and Value (US$ Million) Forecast by Country, 2014 to 2029
Table 14: South Asia Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 15: South Asia Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Table 16 East Asia Market Size Volume (Tons) and Value (US$ Million) Forecast by Country, 2014 to 2029
Table 17: East Asia Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 18: East Asia Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Table 19: MEA Market Size Volume (Tons) and Value (US$ Million) Forecast by Country, 2014 to 2029
Table 20: MEA Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 21: MEA Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Table 22: Oceania Market Size Volume (Tons) and Value (US$ Million) Forecast by Country, 2014 to 2029
Table 23: Oceania Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 24: Oceania Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Table 25: China Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 26: China Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Table 27: South Korea Market Size Volume (Tons) and Value (US$ Million) Forecast by Product Type, 2014 to 2029
Table 28: South Korea Market Size Volume (Tons) and Value (US$ Million) Forecast by End Use, 2014 to 2029
Figure 01: Global Historical, Current, and Forecast Market Volume (Tons) Analysis, 2014 to 2029
Figure 02: Global Market Volume (Tons) and Y-o-Y Growth Analysis, 2021 to 2029
Figure 03: Global Historical, Current, and Forecast Market Volume (Tons) Analysis, 2014 to 2029
Figure 04: Global Market Value (US$ Million) and Y-o-Y Growth Analysis, 2021 to 2029
Figure 05: Global Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 06: Global Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 07: Global Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 08: North America Market Absolute $ Opportunity by Crystal, 2021 to 2029
Figure 09: North America Market Absolute $ Opportunity by Crystal, 2021 to 2029
Figure 10: Global Market Share and BPS Analysis by End Use–2022 & 2029
Figure 11: Global Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 12: Global Market Attractiveness Analysis by End Use, 2022 to 2029
Figure 13: North America Market Absolute $ Opportunity by Electrical & Electronics, 2021 to 2029
Figure 14: North America Market Absolute $ Opportunity by Automotive, 2021 to 2029
Figure 15: North America Market Absolute $ Opportunity by Military, 2021 to 2029
Figure 16: North America Market Absolute $ Opportunity by Medical, 2021 to 2029
Figure 17: North America Market Absolute $ Opportunity by Construction, 2021 to 2029
Figure 18: North America Market Absolute $ Opportunity by Others, 2021 to 2029
Figure 19: Global Market Share and BPS Analysis by Region–2022 & 2029
Figure 20: Global Market Y-o-Y (%) Growth Projections by Region, 2021 to 2029
Figure 21: Global Market Attractiveness Analysis by Region, 2022 to 2029
Figure 22: North America Market Absolute $ Opportunity by North America, 2021 to 2029
Figure 23: North America Market Absolute $ Opportunity by Latin America, 2021 to 2029
Figure 24: North America Market Absolute $ Opportunity by Europe, 2021 to 2029
Figure 25: North America Market Absolute $ Opportunity by South Asia, 2021 to 2029
Figure 26: North America Market Absolute $ Opportunity by East Asia, 2021 to 2029
Figure 27: North America Market Absolute $ Opportunity by MEA, 2021 to 2029
Figure 28: North America Market Absolute $ Opportunity by Oceania, 2021 to 2029
Figure 29: North America Market Share and BPS Analysis by Country–2022 & 2029
Figure 30: North America Market Y-o-Y (%) Growth Projections by Country, 2021 to 2029
Figure 31: North America Market Attractiveness Analysis by Country, 2022 to 2029
Figure 32: North America Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 33: North America Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 34: North America Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 35: North America Market Share and BPS Analysis by End Use–2022 & 2029
Figure 36: North America Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 37: North America Market Attractiveness Analysis by End Use, 2022 to 2029
Figure 38: Latin America Market Share and BPS Analysis by Country–2022 & 2029
Figure 39: Latin America Market Y-o-Y (%) Growth Projections by Country, 2021 to 2029
Figure 40: Latin America Market Attractiveness Analysis by Country, 2022 to 2029
Figure 41: Latin America Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 42: Latin America Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 43: Latin America Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 44: Latin America Market Share and BPS Analysis by End Use–2022 & 2029
Figure 45: Latin America Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 46: Latin America Market Attractiveness Analysis by End Use, 2022 to 2029
Figure 47: Europe Market Share and BPS Analysis by Country–2022 & 2029
Figure 48: Europe Market Y-o-Y (%) Growth Projections by Country, 2021 to 2029
Figure 49: Europe Market Attractiveness Analysis by Country, 2022 to 2029
Figure 50: Europe Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 51: Europe Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 52: Europe Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 53: Europe Market Share and BPS Analysis by End Use–2022 & 2029
Figure 54: Europe Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 55: Europe Market Attractiveness Analysis by End Use, 2022 to 2029
Figure 56: South Asia Market Share and BPS Analysis by Country–2022 & 2029
Figure 57: South Asia Market Y-o-Y (%) Growth Projections by Country, 2021 to 2029
Figure 58: South Asia Market Attractiveness Analysis by Country, 2022 to 2029
Figure 59: South Asia Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 60: South Asia Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 61: South Asia Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 62: South Asia Market Share and BPS Analysis by End Use–2022 & 2029
Figure 63: South Asia Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 64: South Asia Market Attractiveness Analysis by End Use, 2022 to 2029
Figure 65: East Asia Market Share and BPS Analysis by Country–2022 & 2029
Figure 66: East Asia Market Y-o-Y (%) Growth Projections by Country, 2021 to 2029
Figure 67: East Asia Market Attractiveness Analysis by Country, 2022 to 2029
Figure 68: East Asia Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 69: East Asia Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 70: East Asia Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 71: East Asia Market Share and BPS Analysis by End Use–2022 & 2029
Figure 72: East Asia Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 73: East Asia Market Attractiveness Analysis by End Use, 2022 to 2029
Figure 74: MEA Market Share and BPS Analysis by Country–2022 & 2029
Figure 75: MEA Market Y-o-Y (%) Growth Projections by Country, 2021 to 2029
Figure 76: MEA Market Attractiveness Analysis by Country, 2022 to 2029
Figure 77: MEA Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 78: MEA Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 79: MEA Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 80: MEA Market Share and BPS Analysis by End Use–2022 & 2029
Figure 81: MEA Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 82: MEA Market Attractiveness Analysis by End Use, 2022 to 2029
Figure 83: Oceania Market Share and BPS Analysis by Country–2022 & 2029
Figure 84: Oceania Market Y-o-Y (%) Growth Projections by Country, 2021 to 2029
Figure 85: Oceania Market Attractiveness Analysis by Country, 2022 to 2029
Figure 86: Oceania Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 87: Oceania Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 88: Oceania Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 89: Oceania Market Share and BPS Analysis by End Use–2022 & 2029
Figure 90: Oceania Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 91: Oceania Market Attractiveness Analysis by End Use, 2022 to 2029
Figure 92: Emerging Markets Market Share by Country, 2022
Figure 94: Global Market Share by Region, 2022
Figure 93: Global & Emerging Countries Market Y-o-Y Growth Projections, 2022-2029
Figure 95: China Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 96: China Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 97: China Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 98: China Market Share and BPS Analysis by End Use–2022 & 2029
Figure 99: China Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 100: China Market Attractiveness Analysis by End Use, 2022 to 2029
Figure 101: South Korea Market Share and BPS Analysis by Product Type–2022 & 2029
Figure 102: South Korea Market Y-o-Y (%) Growth Projections by Product Type, 2021 to 2029
Figure 103: South Korea Market Attractiveness Analysis by Product Type, 2022 to 2029
Figure 104: South Korea Market Share and BPS Analysis by End Use–2022 & 2029
Figure 105: South Korea Market Y-o-Y (%) Growth Projections by End Use, 2021 to 2029
Figure 106: South Korea Market Attractiveness Analysis by End Use, 2022 to 2029
The market of synthetic quartz is expected to create a valuation of USD 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.
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