Increasing Demand From end use Sectors to Help High Purity Quartz Market Reach Valuation Worth US$1.5 Bn by 2030, Finds TMR

ALBANY, New York, May 27, 2020 /PRNewswire/ -- Transparency Market Research has recently published a new research report that provides a highly detailed insight on the global high purity quartz market. The research report offers a great deal of information about key segments, driving and restraining factors, competitive landscape, and the overall geographical outlook of the global market.

As per the research report, the global high purity quartz market is expected to showcase a promising CAGR of ~6% over the course of the given forecast period ranging from 2020 to 2030. In 2019, the overall valuation of the global market was around US$800 Mn. Given the rate of growth, the high purity quartz market is expected reach a valuation worth US$1.5 Bn by the fall of 2030.

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Global High Purity Quartz Market - Key Takeaways

    --  The global high purity market is broadly segmented in terms of
        application and region.
    --  Based on application, the global market is segmented into semiconductor,
        lighting, solar, optics, and others such as telecom and
    --  The segment of solar applications is projected to witness a highly
        promising growth rate in the coming years of the forecast period.
    --  The growth of the segment is mainly driven by the increasing
        environmental concerns and rising emphasis on using greener energy
        sources. This has also led to an increased demand for solar energy and
        components which is further beneficial for the overall development of
        the segment.

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Global High Purity Quartz Market - Key Driving Factors

    --  High purity quartz products are perfect for use in semiconductor sector.
        This is because of their excellent purity and superior quality. Their
        use in the semiconductor sector for the production of quartz glass
        products such as tubes, rods, and windows and crucibles. They are also
        used for production of silicon metal that is the foundation for
        semiconductor wafers produced through the Czochralski procedure.
    --  In addition to this, growing need for superior network bandwidth and
        increasing penetration of internet across the globe is diving the need
        for fiber optics. Fiber optics help in allowing transmission over
        greater distances with lower losses. High purity quartz are used for
        production of these fiber optics. Naturally, growing demand for these
        optics is expected to help in driving the overall growth of the global
        high purity quartz market.
    --  Fast paced expansion of broadband markets, growing investments in the
        field of 3G/4G/5G infrastructures are also expected create increasing
        demand for high purity quartz and thus drive the overall growth of the

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Global High Purity Quartz Market - Key Restraining Factors

    --  There is a limited availability of quartz mines. This is expected to
        emerge as a key restraining factor for the growth of the global high
        purity quartz market.

Global High Purity Quartz Market - Geographical Outlook

    --  Currently, the global market for high purity quartz is being dominate by
        the regional segment of Asia Pacific.
    --  The growth of the regional segment is primarily attributed by the
        increasing demand for high purity quartz from Japan and China. These
        nations account for a substantial amount of the share of the Asia
        Pacific market.
    --  The companies operating in the global market are expected to invest in
        Asia Pacific to leverage its natural resources.

Analyze High Purity Quartz Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.

Global High Purity Quartz Market - Key Players

Some of the prominent players operating in the global high purity quartz market are The Quartz Group, Jiangsu Pacific Quartz Co. Ltd., High Purity Quartz Pty Ltd., and Russian Quartz among others.

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Global High Purity Quartz Market: Segmentation

High Purity Quartz Market, by Application

    --  Semiconductor
    --  Solar
    --  Lighting
    --  Optics
    --  Others (including Microelectronics and Telecom)

High Purity Quartz Market, by Region

    --  North America
        --  U.S.
        --  Canada
    --  Europe
        --  Germany
        --  France
        --  U.K.
        --  Italy
        --  Spain
        --  Rest of Europe
    --  Asia Pacific
        --  China
        --  Japan
        --  India
        --  ASEAN
        --  Rest of Asia Pacific
    --  Latin America
        --  Brazil
        --  Mexico
        --  Rest of Latin America
    --  Middle East & Africa
        --  GCC Countries
        --  South Africa
        --  Rest of Middle East & Africa

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