Synthetic Quartz Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Global Synthetic Quartz Market is segmented By Type (Crystal, Glass), By Application (Electronics & Electrical, Automotive, Construction, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Synthetic Quartz Market Overview

Report on Global Synthetic Quartz by DataM Intelligence estimates the market to grow at a CAGR of 5% during the forecast period 2024 to 2031. Synthetic quartz usage in the manufacturing of semiconductors that are used in smartphones is on the rise. Demand From the electronics and automotive industries in Asia Pasific is booming. The competitive rivalry intensifies with Impex Hightech, Kyocera, TXC Corporation, Heraeus Group, AGC Inc., and others active in the market.

Quartz is the second most abundant mineral in the earth's crust, and it is primarily composed of materials such as oxygen and silicon, with the chemical formula Sio2. Quartz can be found in both natural and synthetic forms. The hydrothermal process is used to create synthetic quartz in the autoclave reactor.

Synthetic Quartz Market Scope and Summary

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Synthetic Quartz Market Dynamics and Trends

Increasing demand for synthetic quartz in the electronics industry is expected to boost the market.

In the coming years, the growing semiconductor industry is expected to boost the market for synthetic quartz. Synthetic quartz is resistant to acids, corrosion, extreme heat, wear, impact, compression, bending, and infiltration. Because of its favorable chemical and physical properties, synthetic quartz is an important material in the electronics industry. Synthetic quartz is used in photomask substrates for semiconductor circuit integration and LCD panels. They also are a crucial part of manufacturing semiconductors for making many electronic devices such as laptops, TVs, smartphones, etc. According to data, in 2020, semiconductor sales on a global scale amounted to over 460 million dollars from t20 million dollars in 2019, an increase of approximately 10%, and this number is expected to grow during the forecast period. The rising demand for smartphones is also expected to boost the synthetic quartz market. In 2020, approximately 1380 million units of smartphones were sold on a global scale, this number increased to an estimated 1535 million units by May 2021,  an 11% increase in sales. Coincidentally, the smartphone semiconductor market was valued at 105 billion US dollars in 2019, and this is expected to increase during the forecast period. These factors will boost the demand for the synthetic quartz market.

Growing demand for synthetic quartz in the solar energy industry is expected to boost the market.

Fused quartz is a critical material because it improves the efficiency of solar-powered devices. It is also assisting researchers in lowering the cost of solar devices. And, as people become more aware of the importance of green energy production, the demand for solar panels will rise, as will investment in solar capacity installation around the world. For example, the solar industry in Uthe SA generated more than $25 billion in private investment in the economy in 2019. In 2020, solar energy installations in Uthe SA accounted for 43 percent of all new electric capacity added to the grid, the highest share in the history and the second year in a row that solar added the most generating capacity to the grid. Government initiatives to promote the use of solar energy will also drive the synthetic quartz market. For instance, in India itself, a Solar Park scheme has been set up by the MNRE which offers financial support by the government for creating solar power projects that have a capacity of almost 500 MW.

Restraints

The factors restraining the Synthetic Quartz market include increasing raw material prices.

COVID-19 Impact on Synthetic Quartz Market

The COVID-19 pandemic has affected industries all over the world, including the synthetic quartz industry. Demand for synthetic quartz material has overseen a small but significant drop during the pandemic. For example, in 2020, global smartphone sales dropped from 1540 million units in 2019 to approximately 1380 million units, an 11.6% decrease in sales. This affected the demand for synthetic quartz, which is used in the semiconductors that are used in smartphones. Supply chain disruptions in the solar industry have also affected the synthetic quartz market. The expense of the raw materials needed to manufacture synthetic quartz plays a key factor in the reduced demand for this as many companies are financially suffering due to bad business during the pandemic. But as the global economies recover, it is expected that the synthetic quartz market will improve in its growth in the forecast period.

Synthetic Quartz Market Segmentation Analysis

The Global Synthetic Quartz market is segmented by Application, Region, and by Type.

Based on Application

The Global Synthetic Quartz market based on application is segmented into Electronics & Electrical, Construction, Automotive, and Others.

Electronics and electrical have a greater dominance in the Synthetic Quartz application segment, as rising solar and semiconductor industries have led to significant growth in the electronics sector. According to data, approximately 40% of the world's total population owned an innovative device in 2018. The smartphone penetration rate has continued to rise, with the rate expected to reach nearly 47 percent by 2020. By 2025, likely, nearly 90 percent of all mobile users in the United States will own a smartphone, up from 27 percent in 2010. Since synthetic quartz is a key material that is used in the manufacturing of semiconductors that are used in smartphones, we expect the synthetic quartz market to grow during the forecast period. Moreover, there has been an increase in the use of quartz in navigation systems and wireless device manufacturing, which are used in smart cars. According to a survey conducted in China, the majority of the citizens are aware of the advanced navigation systems and wished to use them in their cars. These were approximately 90% of the total respondents. Due to these factors, the automotive market segment is expected to grow at the highest CAGR during the forecast period.

Synthetic Quartz Market Geographical Share

The Global Synthetic Quartz market based on Region is segmented into North America, Europe, South America, Asia-Pacific, and Middle East & Africa.

The market for Synthetic Quartz is dominated by the Asia-Pacific region. China, India, Japan, Australia, and the rest of APAC comprise the Asia-Pacific Market. Due to rapid industrialization in the Asia Pacific region, and increased demand for synthetic quartz from the electronics and automotive industries, the APAC market region is expected to grow at a high CAGR rate during the forecast period. For instance, according to data, China accounted for approximately 150 billion US dollars in semiconductor sales in 2020, with the rest of the Asia Pacific region accounting for over 116 billion US dollars in semiconductor sales. According to data on smartphone shipments in 2020, China shipped over 320 million units, accounting for approximately 25% of total global smartphone shipments. The popularity of smartphone usage in the APAC region is expected to increase during the forecast period, which will drive the synthetic quartz market.  However, due to increased demand for quartz for solar panel production, The north American region trails APAC in terms of market share of The synthetic Quartz Market. For example, the United States installed 2.1 gigatons (GW) of solar PV capacity in the second quarter of 2019 to bring the total installed capacity to 69.1 GW, enough to power 13.1 million American homes. In Q2, the utility-scale solar pipeline reached a new high of 37.9 GW. Total installed PV capacity in the United States is expected to more than double over the next five years, with more than 15 GW of PV capacity installed by 2024. According to data, the North American region's semiconductor sales totaled 94.1 billion US dollars. Due to these factors, the North American synthetic quartz market is estimated to grow at a high CAGR during the forecast period.

Synthetic Quartz Companies and Competitive Landscape

With the presence of numerous global and regional players, the Global Synthetic Quartz Market is fragmented. To differentiate themselves as strong market competitors, key players are implementing strategies such as R&D investment, new product launches, and distribution channel expansion. The key players in the Synthetic Quartz market include companies such as Universal Quartz, Impex Hightech, Kyocera, TXC Corporation, Heraeus Group, AGC Inc., Saiko Epson, Coorstek, Asahi Glass, Universal Quartz, and many more.

Company Profile: Kyocera

Overview: Kyocera is a Japanese company that was founded in April 1959 in the Japanese city of Kyoto. It initially started as a manufacturer of ceramics, but eventually entered the automotive, electronics, and solar industries.

Product Portfolio: The company specializes in manufacturing materials significant to the electronics and ceramics industry such as semiconductors, telecommunications hardware, optics, automotive components, and many more.

Recent Developments:

1) On February 10, 2021, Kyocera announced the release of its 0.5mm-pitch 5652 Series Electronic Connectors to be used in the Automotive industry.

2) Soraa Laser Diode, Inc. became part of the Kyocera Group in January 2021 as Kyocera SLD Laser, Inc.