Increasing usage of high purity quartz in semiconductors in developing countries of APAC, along with the rising initiatives by governments towards the growth of the solar industry in the Asia-Pacific region is expected to drive the market growth during the forecast period 2020-2025. High Purity Quartz Market size is forecast to reach US$703.4 million by 2025, after growing at a CAGR of 6.5% during 2020-2025
Semiconductors are the key factors which are projected to boost the global high-purity quartz industry, along with the growing demand for technical innovations and electronics industry. The growing need for improved network capacity, increased use of new-age wafers in semiconductors and increased internet penetration around the world raises demand for high-purity quartz glass in optic-fiber. Also, the full swing of research and development activities on the high-pure quartz market, new technologies have regularly grown in the past decade, which has driven the growth of the high purity quartz industry over the forecast period.
The production and demand in top countries for high purity quartz is expected to boom over the next five years. In terms of revenue in 2019, quartz sand held the largest share with 70%, in High Purity Quartz Market. Demand for high purity quartz sand has risen from the semiconductor sector over the years. In the semiconductor market, there are no substitutes for high purity quartz sand, which is intended to ensure market growth in the long run. Apart from semiconductor application, solar energy sector will also play a major role in the growth of the high purity quartz sand market during the forecast period. Quartz sand as an important industrial mineral raw material is widely used in aerospace, electronics, machinery, IT, petroleum, and many more.
Silicon dioxide (SiO2) is the key element of high purity quartz sand. Pure crystalline SiO2 displays piezoelectric effect, which is used in computer chip production and semiconductor technology, thus quartz are used in semiconductor industry. Extremely high purity quartz is used in the semiconductor industry to produce silicon wafers, but this is rare and costly. Pure quartz sand is used to make silicon metal semiconductors for transistors, in the development of microelectronics, integrated circuits and the silicon chip. So with the growing usage of high purity quartz in the semiconductor for transistors, ICs and others the high purity quartz market is expected to grow in the forecast period.
APAC dominated the high purity quartz market in terms of revenue with a share of 50.6% in 2019 and is projected to dominate the market during the forecast period (2020-2025). The high-purity quartz demand in 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. The Socio-economic changes in China have been the driving force behind the growing demand for semiconductor and solar industry. In May 2015, the Chinese government launched “Made in China 2025,” an initiative designed to develop select manufacturing sectors in to worldwide industry leaders. The announcement of the Made in China 2025 initiative reiterated China’s focus on next generation information technology, with reference to semiconductors and, more specifically, ICs. According to the International Trade Administration (ITA), Japan’s electronic products industry, is the third largest in the world, is the most significant factor driving demand for sales of semiconductors in Japan. Thus, growing development in various end use industries in this region will further drive the market for high purity quartz in the forecast period.
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High Purity Quartz Market Growth Driver
- Increase in the demand from semiconductor industry.
High purity quartz products offer superior quality and excellent purity and are ideal for use in the semiconductor industry. In the semiconductor industry, high-purity quartz is used to produce crucibles and quartz glass products, such as windows, tubes, and rods. Quartz caps and opaque quartz rings also made from high-purity fused quartz are other products used in semiconductor manufacturing. Holders of semiconductor wafers are composed of rods and ingots made from fused quartz glass; in terms of air streaks and inclusions and size distributions, the specifications for fused quartz to manufacture plate halt are very stringent. Also, the major use of semiconductors is seen mostly in the electronics industry. The U.S. semiconductor industry has been a leader in technological development worldwide for over 50 years. According to the Semiconductor Industry Association (SIA), in 2019, the total R&D investment in U.S. Semiconductor industry totaled 39.8 billion dollars. Since high purity quartz is the most preferred material of choice to enhance the performance of products in the semiconductor industry. In turn, this would fuel the use in the semiconductor industry of high-purity quartz in the coming years.
- Increasing adoption of high purity quartz in the solar industry
The raw material used in the solar cell industry to produce crucibles is high pure quartz (HPQ) sand. As the cost of solar is decreasing and efficiency continues to rise, solar becomes increasingly viable worldwide. The most economical option for meeting the steady rise in quality requirements in the solar industry is highly pure quartz sand. For all c-Si PV modules silicon is considered as the base material. In the production of multi-crystalline silicone for use in solar PV cells, large rectangular crucibles are used. Also, monocrystalline silicon processing includes rounded crypts made of pure solar quartz. Gradually, numerous countries around the world are focusing on renewable sources of clean energy. The Central Government spends 30 percent of the benchmark installation cost for PV rooftop systems according to the Ministry of New and Renewable Energy. Therefore, rising initiatives by governments and the growth of the solar industry is projected to fuel the global market for high purity quartz during the forecast period.
The Major Players in this Market Include
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the high purity quartz market. In 2019, the market of high purity quartz has been consolidated by the top five players accounting for XX% of the share. Major players in the high purity quartz market are Sibelco, The Quartz Corporation, Jiangsu Pacific Quartz Co., Ltd., Russia Quartz LLC, High Purity Quartz Ltd, Donghai Shihu Quartz Co., Ltd., Creswick Quartz, Covia Holdings Corporation, TopTradeWay (TTW), and Solar Quartz Technologies Corporation among others.
In September 2016, Jiangsu Pacific Quartz Co Ltd. established a branch in Shanghai, which is engaged in sales of quartz tube, quartz sand and other quartz related products.
The rapid expansion of coronavirus has had a huge effect on global markets because large markets of the world are locked up because of this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest in purchasing high purity quartz materials. One of the major difficulties, the market is facing is the shutdown of all kinds of domestic transportation within countries. Also, the shutdown of various microelectronics and electronics industries due to increasing COVID-19 cases among people working in manufacturing sites in various regions has declined the market growth. Global crises for all sectors including the manufacturing sector have slowed down the demand for goods’ production and exports of the high-purity quartz market.
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