IMARC Group, a leading market research company, has recently releases report titled “Quartz Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023–2028.” The study provides a detailed analysis of the industry, including the global quartz market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is Quartz?
Quartz, a mineral formed naturally from silicon and oxygen atoms, is prized in multiple industrial sectors due to its abundance and distinctive characteristics. Found as a crucial component in diverse rocks and geological formations, quartz boasts exceptional physical and chemical attributes. Its resistance to chemical corrosion and possession of piezoelectric properties contribute to its appeal. Beyond that, quartz is recognized for providing heightened durability, reliability, aesthetics, sustainability, and versatility. As its applications span the creation of slabs, engineered stone, countertops, tiles, and various decorative elements, the global demand for quartz continues to rise.
How Big Is the Quartz Market?
The global quartz market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.
Global Industry Trends and Drivers:
Currently, the surging demand for building materials with enhanced hardness and resistance to wear, heat, and chemical reactions is a key factor driving market growth. Additionally, the growing inclination towards quartz in various construction applications, including kitchen and bathroom countertops, flooring, and wall cladding, is further fueling market expansion. The increasing volume of construction and infrastructure development activities worldwide presents a lucrative growth opportunity for industry players. Simultaneously, the escalating demand for electronic components like oscillators and sensors is a supportive factor in market growth. Moreover, the rising preference for eco-friendly and sustainable building materials contributes to the overall market growth.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product:
- Quartz Surface and Tile
- High-Purity Quartz
- Quartz Glass
- Quartz Crystal
- Quartz Sand
- Others
Breakup by End User:
- Electronics and Semiconductor
- Solar
- Buildings and Construction
- Optical Fiber and Telecommunication
- Automotive
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
Asahi Glass Co. Ltd., Caesarstone Ltd., Compagnie de Saint-Gobain S.A., Heraeus Holding, Jiangsu Pacific Quartz Co. Ltd., Kyocera Corporation, Momentive Technologies, Nihon Dempa Kogyo Co. Ltd., Quality Quartz Engineering Inc. (Conax Technologies LLC), Sibelco and The Quartz Corporation.
Key highlights of the Report:
- Market Performance (2018–2023)
- Market Outlook (2023–2028)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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