Market Overview
Market Research Future (MRFR) studied the high purity quartz sand market 2020 across the analysis period till 2018 to 2023. By 2023, the market for high purity quartz can rise at 9.87% CAGR. The High Purity Quartz Sand Market value can touch USD 627, 300 thousand by 2023.
The expansion high purity marker quartz has market can be attributed to rise in electronics manufacturing due to increase in its demands. The rise in awareness about high purity, inertness, high temperature resistance, durability, and transmissivity to light which are benefits of high grade quartz can support rise of the market. High purity quartz sand is the sought-after material for the production of electronics manufacturing that are used extensively across different sectors. Modern electronic components, such as fiber optics, solar energetics, and lighting products require considerable amount of high purity quartz sand as its feed stone, and increase in its demand can support rise of the market through the analysis period. The increase in number of top-quality silicon wafers suppliers can also promote the market surge soon.
Competition Dashboard
Sibelco, The Quartz Corporation, Momentive, Nordic Mining ASA, Creswick Quartz Plt Ltd., Mineracao Santa Rosa, Lianyungang Donghai Colorful Mineral Products Co., Ltd., Jiangsu Pacific Quartz Co., Ltd., HPQ materials, and Kyshtym Mining are some reputed companies in the high purity quarts sand market that are listed by MRFR.
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Segment Assessment
The segment study of the high purity quartz sand market is done by type and application. The type-based segment of the high purity quartz sand market are medium grade, low grade, and high grade. The high-grade segment can cause the market revenue of above USD 356,400 thousand by 2023. The medium-grade segment can experience surge at considerable CAGR by 2023.
The application-based segment of the high purity quartz sand market are solar energetics, lighting, fiber optics, and microelectronics among others. The microelectronics segment can hold about 60% share of the worldwide market by the end of the forecast tenure. The segment can surge at 9.25% CAGR to earn about USD 569, 200 thousand revenue. The segment is observed to remain highly attractive over the approaching years. The rise in demand for high purity quartz sand due to its effective microelectronics component can favor rise of the market in the near future. The solar energetics segment can gain a healthy momentum through the review period till 2023.
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Regional Analysis
The Middle East & Africa (MEA), Asia Pacific (APAC), Europe, North America, and Latin America are studied for the high purity quartz sand market in the years to come. APAC high purity quartz sand market can hold global foothold in the near future as it is expected to have several growth scopes. APAC can have commanded over the worldwide 55% share of the worldwide market. APAC market can value about USD 347,600 thousand soon.
North America can hold decent share of the worldwide market. The presence of several manufacturing hub for electronic products can attract several growth opportunities. As global leaders are observed to perform well and rapid urbanization can favor expansion of the market in near future. Europe market can rise due to increase in the number of high electronic brands. The rise in popularity of different type of fiber optic products, such as optical lenses and optical fibers can drive the market rise in the region. The rise in demand for high purity quartz sand in ever-growing semi-conductor sector to promote North America market through the solution period.
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Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of The Study
2.3 List of Assumptions
2.4 Market Structure
3 Market Insights
3.1 Global Market Share, By Region (%)
4 High Purity Quartz Sand Market Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Growing Electronics Industry
5.2.2 Increasing Demand in The Solar Energy Industry
5.2.3 Drivers Impact Analysis
5.3 Restraint
5.3.1 Volatile Prices of Chemical Aids
5.3.2 Restraint Impact Analysis
5.4 Opportunities
5.4.1 Growth in The Fiber Optics Market
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