High Purity Quartz Market Size is Projected To Reach USD 803,340 Million By 2027 At A CAGR of 4.6%

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23 Sep, 2021, 18:30 IST

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BANGALORE, India, Sept. 23, 2021 /PRNewswire/ -- High Purity Quartz Market by Breakdown Data by Type, 4N, 4N5, 4N8, Data by Application - Lighting Industry,Semiconductor,Electronics, Optical Industry, Others. Global Opportunity Analysis and Industry Forecast, 2021 - 2027. It is published in Valuates Reports under the Chemicals Industry Category.

The global High Purity Quartz market size is projected to reach USD 803,340 million by 2027, from USD 582,750 million in 2020, at a CAGR of 4.6% during 2021-2027.

In the silicon industry, high purity quartz is a critical raw material. Other applications of high purity quartz include quartz glass, lights, semiconductors, electronics, fiber optics, etc.

Major factors driving the growth of the high purity quartz market:

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TRENDS INFLUENCING THE GROWTH OF HIGH PURITY QUARTZ MARKET

Due to its outstanding quality and purity, high purity quartz materials are perfect for usage in the semiconductor sector. Crucibles are made from high-purity quartz in the semiconductor industry. Quartz with a high purity allows semiconductor parts to endure the high temperatures of wafer manufacturing. The need for high purity quartz is being driven by the increasing use of new-generation wafers in semiconductors. Semiconductors are mostly employed in electronic devices. It is the most commonly used material to improve the performance of items. As a result, high purity quartz will be increasingly used in the semiconductor sector; this, in turn, is expected to drive the growth of the High Purity Quartz Market.

High purity quartz sand is the most cost-effective alternative for meeting the solar industry's ever-increasing quality criteria. Several countries throughout the world are implementing solar projects to reduce their reliance on nonrenewable energy sources. High purity quartz (HPQ) sand is used to manufacture crucibles for usage in the solar cell industry. In the fabrication of solar cells and modules, high purity quartz is also utilized in crucibles, quartz glass for tubes, rods, and widows, and silicon metal. During the forecast period, the high purity quartz market is expected to be fueled by the rise of the solar industry.

Due to rising environmental concerns and a growing emphasis on using greener energy sources, the demand for solar components and resources has skyrocketed. This in turn is expected to further drive the High Purity Quartz Market growth.

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HIGH PURITY QUARTZ MARKET SHARE ANALYSIS

APAC is expected to be the most lucrative region during the forecast period. The high-purity quartz demand in the Asia Pacific is led by a rise in the number of solar and fabrication plants in the region. Because of the country's promising semiconductor industry, China and Japan have a significant market share.

Based on application, semiconductors are expected to be the most lucrative segment and held the largest share in the high purity quartz market in 2019. The main component of high purity quartz sand is silicon dioxide (SiO 2). Quartz is employed in the semiconductor industry because it exhibits the piezoelectric effect, which is used in computer chip fabrication and semiconductor technology. Quartz with extremely high purity is utilized in the semiconductor industry to make silicon wafers, but it is rare and expensive. Silicon metal semiconductors for transistors, microelectronics, integrated circuits, and the silicon chip are made from pure quartz sand.

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High Purity Quartz Market By Company

High Purity Quartz Market By Type

High Purity Quartz Market By Application

High Purity Quartz Market By Region

The key regions covered in the High Purity Quartz market report are North America, Europe, China and Japan. It also covers key regions (countries), viz, the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.

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SIMILAR REPORTS :

- In 2020, the global High Purity Quartz Sand market size was USD 655.8 million and it is expected to reach USD 945.7 million by the end of 2027, with a CAGR of 5.3% during 2021-2027.

- Global High Purity Quartz Sand for UVC Lighting Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product-Type: 0. 9995, 0. 9999, 0. 99999, Others, Application: Air Treatment, Surface Sterilization, Water Disinfection, Others (Including Home Appliances and Food & Beverages).

- The global Silicon Dioxide Powder (High Purity Quartz Sand) market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Silicon Dioxide Powder (High Purity Quartz Sand) market will be able to gain the upper hand as they use the report as a powerful resource.

- In 2020, the global High Purity Synthetic Quartz Glass market size was USD 358.6 million and it is expected to reach USD 546.6 million by the end of 2027, with a CAGR of 6.2% during 2021-2027.

- Global High Purity Quartz Glass Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product-Type: Transparent Quartz Glass, Opaque Quartz Glass, Application: Photovoltaic Industry, Semiconductor Industry, Communications Industry, Lamp and lighting Industry.

- In 2020, the global Quartz Crucible market size was USD 277.1 million and it is expected to reach USD 343.7 million by the end of 2027, with a CAGR of 3.1% during 2021-2027.

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