Synthetic Quartz Sales to Hit US$ 150 Mn in 2029
The worldwide sales of synthetic quartz are majorly concentrated through the electronics & electrical and automotive industries, where they are a commonplace due to their important intrinsic properties. Further advancements in technology and booming semiconductor industry are translating into rising demand for high-performance electronic equipment, automotive electronics and consumer electronics. This, in turn, is propelling the sales of synthetic quartz, which will attain a valuation of around US$ 150 Mn in 2029.
Synthetic Quartz Market - Key Research Findings
- The synthetic quartz market accounted for revenues worth US$ 82.7 Mn in 2019.
- Projected to register a CAGR of 6.1% during the forecast period (2019-2029), the synthetic quartz market will remain driven by the ubiquity of smartphones and increased demand for cutting-edge electronics.
- Accounting for 85% revenue share, synthetic quartz crystals continue to witness higher demand than their glass counterpart.
- Electronics & electrical products mainstay for synthetic quarts, while application in military sector closes in.
- East Asia remains at forefront and holds major share of the global market value.
- China and Japan continue to lead the global product of synthetic quartz crystal.
- North America and Europe are neck-and-neck for strong position in the global market.
Key Factors Influencing Synthetic Quartz Market
- Increasing Application Scope in Electronics Industry
Global sales of synthetic quartz is expected remain strong going forward, primarily driven by electronics and automotive industries. Robust advancements in technologies, increased consumer spending, high usage of mobile phones, and need for high performance electronic equipment are anticipated to propel sales of synthetic quartz. Moreover, the semiconductor industry places the most stringent requirements on quartz purity, creating positive impact on the demand for synthetic quartz.
- Rise of Connected and Autonomous Vehicles
In a bid to reduce carbon emissions, the automotive industry is undergoing significant changes – leading to rise of electric, connected, and autonomous vehicles. This has further resulted in increased demand for in-car audiovisual equipment and infotainment systems along with advanced car navigation, driving control, and safety controls systems. Significant changes in the industry are thus weighing on a same scale as growing demand for synthetic quartz.
- Replacement of Natural Quartz
Over the past, natural quartz had gained significant prominence in developing electronics. However, it required special orientation, cutting, grading, and sizing to develop a quartz wafer, unlike synthetic quartz that offers crystal uniformity, convenience and cost advantages. Today, synthetic quartz is increasingly used in commercial and military navigation system, aerospace hardware, and a large number of consumer electronics.
Synthetic Quartz Market Structure Analysis
- The synthetic quartz market shows a high level of consolidation
- A few number of key players including Kyocera, Asahi Glass Company, Hereaus (Shin-Etsu), and Murata Manufacturing are dominating the landscape.
- An embrace of R&D activities and strategic collaborations remains a key focus area to enhance product expertise and widen the scope of application.
|
Report Metric |
Details |
|
Base Year |
2018 |
|
Forecast Period |
2019-2029 |
|
Market Value in 2019 |
US$ 83 Bn |
|
CAGR over 2019-2029 |
6.1% |
|
Segments Covered |
Product, End Use |
|
Growth Drivers |
East Asia & South Asia
North America & Europe
Latin America & MEA
|
|
Key Companies Covered |
TXC Corporation, Kyocera Corporation, Seiko Epson, Daishinku Corp. – KDS, Taihan Fiberoptics, Yuzhnouralsk Plant Kristall, Impex HighTech, Coorstek, Heraeus Group, Hubei Feilihua Quartz Glass Co., Ltd. , AGC Inc., Murata Manufacturing, and Nihon Dempa Kogyo |
Synthetic Quartz Crystal Accounts for Over 80% Share
Preferred for their excellent electrical conductivity, synthetic quartz crystal continue to account for major share of manufacturers’ bottom lines. In addition, synthetic quartz crystal is rapidly replacing synthetic quartz glass owing to its greater tolerance to extreme pressure and temperature over the latter. While both synthetic quartz crystal and synthetic quartz glass are integrated in many electronics & electrical products for conductivity and insulation purposes, demand growth of the former will remain on upward trajectory.
High Growth Potential of East Asia Intact
On the back of strong presence of the electronics and automotive industries in countries – China, and South Korea, East Asia is leading the pack in the synthetic quartz market. Accounting for over a third revenue share, the regional market will cross US$ 50 Mn mark during the latter half of forecast period. On the other hand, the market in North America and Europe is also offering lucrative growth prospects, with both collectively holding nearly 45% market share. Furthermore, the US, China, and Japan spearheading the global semiconductor industry, which is again attracting significant investment from stakeholders.
Solar PV Panels Emerging as Key Application Area
Rising demand for electricity in tandem with exhaustion of existing energy sources have accented the need for renewable sources of energy such as solar energy. Globally, the adoption of solar panels is on a steady rise, attributed to increasing power/ electricity consumption in urban and semi-urban areas. Further, notable upsurge in government-funded solar energy projects, especially in China, and India, are expected to work in favor of the synthetic quartz market
Synthetic quartz crystal account for over 80% of total sales
Preference for synthetic quartz glass on decline
Surging demand from electronics & electrical industry
Adoption in automotive sector on rise
How Growth will Unfold
The electronics & electrical industry continues to remain the key revenue generator for synthetic quartz manufacturers. In 2019, synthetic quartz worth over US$ 65 Mn were used in the end-use industry, especially in consumer electronics such as, watches, clocks, GPS, and lasers. While the electronics & electrical sector holds nearly 4/5th of total sales, use of synthetic quartz in engine control, advanced safety vehicle (ASV), and other electronic applications in the automotive sector is also contributing significantly to the market revenue.
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Synthetic Quartz Market Analysis 2019 - 2029
A recent market study published by FMI on the synthetic quartz market includes the global industry analysis for 2014-2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. Our analysts conduct thorough research on the historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.
Synthetic Quartz Market Taxonomy
Product
- Synthetic Quartz Crystal
- Synthetic Quartz Glass
End-Use
- Electrical & Electronics
- Automotive
- Medical
- Military
- Construction
- Others
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- MEA
What's Included
The report initiates with the executive summary of the Synthetic Quartz market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the Synthetic Quartz market.
In this chapter, readers can find the definition and a detailed taxonomy of the Synthetic Quartz market, which will help them understand the basic information about the Synthetic Quartz market. Along with this, comprehensive information about Synthetic Quartz is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the Synthetic Quartz market report.
The Synthetic Quartz market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are provided in this section.
This section includes key successful factors and strategies adopted by key market participants.
This section explains the global market value analysis and forecast for the Synthetic Quartz market for the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical Synthetic Quartz market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the Synthetic Quartz market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the Synthetic Quartz market in the forecast period of 2019-2029.
This chapter explains key macro-economic factors that are expected to influence the growth of the Synthetic Quartz market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the Synthetic Quartz market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.
Based on product type, the Synthetic Quartz market is segmented into synthetic quartz crystal and synthetic quartz glass. In this chapter, readers can find information about the key trends and developments in the Synthetic Quartz market and market attractiveness analysis based on product.
This chapter provides details about the Synthetic Quartz market based on application and has been classified into electrical & electronics, automotive, medical, military, construction and others.
This chapter explains how the Synthetic Quartz market will grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa (MEA).
This chapter includes a detailed analysis of the growth of the North America Synthetic Quartz market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on application and countries in North America.
This chapter provides the growth scenario of the Synthetic Quartz market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Important growth prospects of the Synthetic Quartz market based on its end users in several countries such as Germany, France, the U.K., Spain, Italy, Russia, NORDICS, and the Rest of Europe are included in this chapter.
This chapter highlights the growth of the Synthetic Quartz market in South Asia by focusing on India, ASEAN, and the Rest of SA. This section also helps readers understand the key factors that are responsible for the growth of the Synthetic Quartz market in South Asia.
This chapter highlights the growth of the Synthetic Quartz market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the Synthetic Quartz market in East Asia.
This chapter highlights the growth of the Synthetic Quartz market in Oceania by focusing on Australia and New Zealand. This section also helps readers understand the key factors that are responsible for the growth of the Synthetic Quartz market in Oceania.
This chapter provides information about how the Synthetic Quartz market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, North Africa, and the Rest of MEA, during the forecast period of 2019-2029.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the Synthetic Quartz market, along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the Synthetic Quartz market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Nihon Dempa Kogyo, Kyocera, TXC Corporation, Murata Manufacturing, Seiko Epson, AGC Inc., Daishinku Corporation – KDS, Hubei Feilihua Quartz Glass Co., Ltd., Taihan Fiberoptics, Heraeus (Shin-Etsu) and Yuzhnouralsk Plant Kristall among others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the Synthetic Quartz market report.
This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the Synthetic Quartz market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Product Managers
- Business Development Officers
- Production Managers
- Procurement Heads
- Sales Executives
- Distributors
- Traders
- Raw Material Suppliers
- Industry Experts
- End Users
- Current market dynamics and challenges
- Yesteryear trends
- Market characteristics
- Market performance and growth quadrants
- Competition structure and market structure
- Strategic growth initiatives
- Near-term and long-term market growth prospects
- Market segment splits and authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Publications
- Industry Associations
- OICA
- International Trade Association
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
Primary Interview Splits
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