The global synthetic quartz market is expected to witness a year-over-year growth of 6.3% in 2022 to reach a value of US$ 93.0 Million by 2022 end. The global business is anticipated to witness a considerable CAGR of 6.1% during the period of 2022 and 2029.
| Report Attributes | Details |
|---|---|
| Synthetic Quartz Market Size (2021A) | US$ 93.0 Million |
| Synthetic Quartz Sales (2022E) | US$ 98.9 Million |
| Projected Synthetic Quarts Market (2029F) | US$ 149.4 Million |
| Value CAGR (2022 to 2029) | 6.1% |
| Collective Value Share: Top 3 Countries (2022E) | 46.8% |
Increased consumption of synthetic quartz in various end-use industries such as electronics, automotive, medical & others, is expected to push sales during the forecast period. Considering this, FMI has forecast the global synthetic quartz sales to reach a valuation of US$ 149.4 Million in 2029.
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| Market Statistics | Details |
|---|---|
| H1,2021 (A) | 6.0% |
| H1,2022 Projected (P) | 6.3% |
| H1,2022 Outlook (O) | 6.1% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (-) 20 ↓ |
| BPS Change : H1,2022 (O) - H1,2021 (A) | (+) 10 ↑ |
Future Market Insights predict a comparison and review analysis of the dynamics of the synthetic quartz market. Certain key factors influencing the demand for synthetic quartz include consumption increment in various end-use industries such as electronics, automotive, medical, etc.
In addition, the rise in technological development, consumer spending, smartphone usage, and the need for high-performance electronic devices are propelling the market. Some key trends witnessed in the market include top manufacturers' collaborations with electronics market leaders for the rapid deployment of new IoT products which are also contributing to the growth of the market.
According to FMI analysis, variation between the bps values observed in the synthetic quartz market in H1, 2022 - Outlook over H1, 2022 Projected reflects a decline of 20 units., compared to H1, 2021, the market is expected to spike by 10 BPS in H1 -2022.
Key reasons for these certain decreased expectations include the low withstanding ability of heat after a certain threshold, burnt and damaged after a certain temperature. Further rise in the pricing of raw materials and quartz particles is also expected to impact the market growth.
With these negative prospects, the market is influenced by certain positive factors, which include a rise in the adoption of new technology in the electronics industry that solely relies on electronics components such as semiconductors, optical fiber, and solar cells which majorly utilize synthetic quartz.
An increasing trend in the innovative research and development of the customized product of synthetic quartz is likely to contribute to growth in the synthetic quartz Market.
Sales of synthetic quartz increased at 5.8% CAGR, between 2014 and 2021, owing to high growth in certain key end-use industries like electronics and electrical, the military sector, the construction sector, and others. The pandemic crisis reduced demand for synthetic quartz, and impacted sales projections in the year 2020, although growth is expected to resume in the coming quarters.
The key driver for the growth of the market is the utilization of synthetic quartz in electronics, automotive & military end-use sectors. Increasing applications of synthetic quartz in a variety of other end-use industries like construction, automotive, and others are expected to propel sales in the forecast period. Electronics and automotive are the key industries that are pushing the demand for synthetic quartz.
Principal Consultant
Global synthetic quartz and its component market are driven by the electronics and automotive industries. Rise in technological developments, consumer spending, mobile phone usage, and the need for high-performance electronic equipment have propelled the market of synthetic quartz. The electronics segment accounted for a prominent share of more than three-fourths of the global market, followed by the automotive sector.
The rising adoption of technology has led to the significant growth of the electronics industry that solely relies on electronic components such as semiconductors, optical fibers, and solar cells. These electronic components utilize synthetic quartz crystals due to their important intrinsic properties. Mobile phones hold a prominent share of synthetic quartz usage in the electronic industry.
Synthetic quartz components are also useful for the installation of communication systems. Major manufacturers of synthetic quartz have developed synthetic quartz components suitable for 5G technology. The high growth of 5G technology is expected in near future. The electronics segment is anticipated to account for about 79% of the overall consumption share.
Due to logistical constraints posed by Covid standards and regulations, the Covid-19 pandemic has impacted nearly every industry. The market of synthetic quartz has been negatively impacted by the rapid spread of the virus. The COVID-19 pandemic has disrupted synthetic quartz supply chains in major users and producers such as China, the United States of America, India, and Europe.
Major synthetic quartz end consumers are also among the worst-affected sectors, increasing the synthetic quartz industry's impact. However, the market is expected to grow during the forecast period as a result of its applications in various segments, which are expected to boost the market.
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According to FMI, the USA is expected to account for a substantial share of the global market. Over the forecast period, the United States is expected to dominate the North American market with a significant value share in terms of consumption.
High demand for electronics, especially consumer electronics, including mobile phones, watches, clocks, GPS, lasers, sensors, television sets, laptops, and games has played an important role in the growth of electronics, and this is expected to push the demand for synthetic quartz as well. Increasing capital investments by key players in the USA are also expected to push for significant growth in the near future. The USA market of synthetic quartz is expected to reach a value of about US$ 28.7 Million by the year 2029.
China is projected to grow with a 6.7% CAGR over the forecast period of 2022 and 2029. Synthetic quartz plays an important role in the manufacturing of consumer electronics. Besides, a large number of mobile, television, lenses, and automotive manufacturers are also based in China, which makes it the most attractive target location for synthetic quartz sales.
Most synthetic quartz is consumed as an electronic component, and used in different sectors such as automotive, military, medical, construction, and other applications. China is one of the major producers and exporters of electronics. Moreover, it has good production-to-sales ratio for electronics. All these factors are boosting the demand for synthetic quartz in the country.
The synthetic quartz crystal segment is expected to grow at a prominent value of 6.2% CAGR over the forecast period of 2022 to 2029. Quartz is one of the most commonly found minerals in the earth’s crust. Although quartz is available in abundance, it is also processed in an autoclave through a hydrothermal process.
Synthetic quartz is widely used in the manufacturing of electronic components that are necessary for end-use industries like electrical & electronics, automotive, military, construction, medical, and petroleum. Synthetic quartz crystal holds a prominent share in the global market of synthetic quartz.
Quartz crystal also poses piezoelectric property, thus, force applied in any direction causes electrical charge. All these application segments' growth can enhance the demand for quartz crystals.
The automotive segment is projected to create an absolute dollar opportunity of more than US$ 3.7 Million during the period of 2022 to 2029. The automotive industry has been one of the key end-use industries for the market of synthetic quartz.
Synthetic quartz has been proven to be the choice of manufacturers for making frequency control oscillators as they help in the smooth operations of various equipment. Thus, the increasing automotive production is expected to positively impact the global market in the assessment period.
Automotive is a key application segment for synthetic quartz. Synthetic quartz is used in various automotive electronic applications like sensors, displays, and others. The automobile industry is entering a new era of electronics with new safety and connectivity system solutions that are expected to give a boost to ‘pervasion’.
Synthetic quartz is used in automotive, significantly for electronic applications like engine control, advanced safety vehicle (ASV), audio/navigation, GPS, watch, car camera, communication, controller (battery, inverter, converter), and satellite radio. The rising need for electro-mobility and the development of driverless cars are expected to drive synthetic quartz demand in the coming years.
In recent years, manufacturers have shifted their focus to emerging countries in order to meet the growing demand for synthetic quartz. Several major players are also focusing on improving their manufacturing capabilities, Research and Development investments, collaborations, and mergers and acquisitions.
For Instance:
The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers of the market.
*The list is not exhaustive, and is only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2029 |
| Historical Data Available for | 2014 to 2021 |
| Market Analysis | USD Million for Value and Tons for Volume |
| Key Regions Covered | North America, Latin America Middle East & Africa, Europe, South Asia, East Asia, Oceania |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, Thailand, Vietnam, Singapore, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, GCC Countries, South Africa |
| Key Segments Covered | Product Type, End Use, and Region |
| Key Companies Profiled |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market of synthetic quartz is expected to create a valuation of US$ 98.9 Million in 2022.
The synthetic quartz market has been estimated to exhibit a growth rate of 6.1% between 2022 and 2029 on a value basis.
Electronics & electrical end-use segment is expected to contribute a major growth share to the overall market in 2022. The segment is expected to account for about 79% of the overall consumption of quartz.
TXC Corporation, Nihon Dempa Kogyo, Kyocera, Murata Manufacturing, Seiko Epson, Daishinku Corp. - KDS, Hubei Feilihua Quartz Glass Co., Ltd., Taihan Fiberoptics, Heraeus Group, Yuzhnouralsk Plant Kristall, etc. are the key manufacturers in the global market.
The demand in the USA is expected to increase by 5.9% CAGR between 2022 and 2029 on a value basis.
1. Executive Summary | Synthetic Quartz Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Definition
3. Key Trends & Success Factor
3.1. Key Trends Impacting the Market
3.2. Success Factor
4. Global Market Demand Analysis 2014 to 2021 and Forecast, 2022 to 2029
4.1. Historical Market Volume (Tons) Analysis, 2014 to 2021
4.2. Current and Future Market Volume (Tons) Projections, 2022 to 2029
4.2.1. Y-o-Y Growth Trend Analysis
5. Global Market - Pricing Analysis
5.1. Regional Pricing Analysis By Product Type
5.2. Pricing Break-up
5.3. Global Average Pricing Analysis Benchmark
6. Global Market Demand (US$ Million) Analysis 2014 to 2021 and Forecast, 2022 to 2029
6.1. Historical Market Value (US$ Million) Analysis, 2014 to 2021
6.2. Current and Future Market Value (US$ Million) Projections, 2022 to 2029
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macroeconomic Factors
7.2. Forecast Factors - Relevance & Impact
7.3. Usage of EUV
7.4. Value Chain
7.5. Product Type Vs End-Use Criss-cross Analysis
8. Market Dynamics
8.1. Driver
8.2. Restraint
8.3. Opportunity Analysis
8.4. Patent Analysis
9. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, By Product Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Million) and Volume Analysis By Product Type, 2014 to 2021
9.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By Product Type, 2022 to 2029
9.3.1. Crystal
9.3.2. Glass
9.4. Market Attractiveness Analysis By Product Type
10. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, By End-use
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Million) and Volume Analysis By End-use, 2014 to 2021
10.3. Current and Future Market Size (US$ Million) and Volume Analysis and Forecast By End-use, 2022 to 2029
10.3.1. Electronics & Electrical
10.3.2. Automotive
10.3.3. Military
10.3.4. Medical
10.3.5. Construction
10.3.6. Others
10.4. Market Attractiveness Analysis By End-use
11. Global Market Analysis 2014 to 2021 and Forecast 2022 to 2029, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Million) and Volume Analysis By Region, 2014 to 2021
11.3. Current Market Size (US$ Million) and Volume Analysis and Forecast By Region, 2022 to 2029
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. East Asia
11.3.5. South Asia
11.3.6. Oceania
11.3.7. Middle East and Africa (MEA)
11.4. Market Attractiveness Analysis By Region
12. North America Market Analysis 2014 to 2021 and Forecast 2022 to 2029
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021
12.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028
12.4.1. By Country
12.4.1.1. USA
12.4.1.2. Canada
12.4.2. By Product Type
12.4.3. By End-use
12.5. Market Attractiveness Analysis
12.5.1. By Country
12.5.2. By Product Type
12.5.3. By End-use
12.6. Drivers and Restraints - Impact Analysis
13. Latin America Market Analysis 2014 to 2021 and Forecast 2022 to 2029
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021
13.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028
13.4.1. By Country
13.4.1.1. Brail
13.4.1.2. Mexico
13.4.1.3. Rest of Latin America
13.4.2. By Product Type
13.4.3. By End-use
13.5. Market Attractiveness Analysis
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By End-use
13.6. Drivers and Restraints - Impact Analysis
14. Europe Market Analysis 2014 to 2021 and Forecast 2022 to 2029
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021
14.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028
14.4.1. By Country
14.4.1.1. Germany
14.4.1.2. Italy
14.4.1.3. France
14.4.1.4. United Kingdom
14.4.1.5. Spain
14.4.1.6. Russia
14.4.1.7. Rest of Europe
14.4.2. By Product Type
14.4.3. By End-use
14.5. Market Attractiveness Analysis
14.5.1. By Country
14.5.2. By Product Type
14.5.3. By End-use
14.6. Drivers and Restraints - Impact Analysis
15. South Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021
15.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028
15.4.1. By Country
15.4.1.1. India
15.4.1.2. Thailand
15.4.1.3. Malaysia
15.4.1.4. Singapore
15.4.1.5. Indonesia
15.4.1.6. Vietnam
15.4.1.7. Rest of South Asia
15.4.2. By Product Type
15.4.3. By End-use
15.5. Market Attractiveness Analysis
15.5.1. By Country
15.5.2. By Product Type
15.5.3. By End-use
15.6. Drivers and Restraints - Impact Analysis
16. East Asia Market Analysis 2014 to 2021 and Forecast 2022 to 2029
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021
16.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028
16.4.1. By Country
16.4.1.1. China
16.4.1.2. Japan
16.4.1.3. South Korea
16.4.1.4. Rest of East Asia
16.4.2. By Product Type
16.4.3. By End-use
16.5. Market Attractiveness Analysis
16.5.1. By Country
16.5.2. By Product Type
16.5.3. By End-use
16.6. Drivers and Restraints - Impact Analysis
17. Middle East & Africa Market Analysis 2014 to 2021 and Forecast 2022 to 2029
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021
17.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028
17.4.1. By Country
17.4.1.1. GCC Countries
17.4.1.2. South Africa
17.4.1.3. Turkey
17.4.1.4. Rest of Middle East & Africa
17.4.2. By Product Type
17.4.3. By End-use
17.5. Market Attractiveness Analysis
17.5.1. By Country
17.5.2. By Product Type
17.5.3. By End-use
17.6. Drivers and Restraints - Impact Analysis
18. Oceania Market Analysis 2014 to 2021 and Forecast 2022 to 2029
18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Million) and Volume Trend Analysis By Market Taxonomy, 2014 to 2021
18.4. Market Size (US$ Million) and Volume Forecast By Market Taxonomy, 2021 to 2028
18.4.1. By Country
18.4.1.1. Australia
18.4.1.2. New Zealand
18.4.2. By Product Type
18.4.3. By End-use
18.5. Market Attractiveness Analysis
18.5.1. By Country
18.5.2. By Product Type
18.5.3. By End-use
18.6. Drivers and Restraints - Impact Analysis
19. Emerging Countries Market Analysis 2014 to 2021 and Forecast 2022 to 2029
19.1. Introduction
19.1.1. Market Value Proportion Analysis, By Key Countries
19.1.2. Global Vs. Country Growth Comparison
19.2. China Market Analysis
19.2.1. Introduction
19.2.2. Pricing Analysis
19.2.3. PEST Analysis
19.2.4. Market Value Proportion Analysis by Market Taxonomy
19.2.5. Market Volume (Tons) and Value (US$ Million) Analysis and Forecast by
19.2.6. Market Taxonomy
19.2.6.1. By Product Type
19.2.6.2. By End-use
19.2.7. China Market - Competition Landscape
19.2.8. China - Trade Analysis
19.3. South Korea Market Analysis
19.3.1. Introduction
19.3.2. Pricing Analysis
19.3.3. PEST Analysis
19.3.4. Market Value Proportion Analysis by Market Taxonomy
19.3.5. Market Volume (Tons) and Value (US$ Million) Analysis and Forecast by Market Taxonomy
19.3.5.1. By Product Type
19.3.5.2. By End-use
19.3.6. South Korea Market - Competition Landscape
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies
20.2. Market Concentration
20.3. Market Share Analysis of Key Players
20.4. Market Presence Analysis
20.4.1. By Regional Footprint of Players
20.4.2. Product foot print by Players
20.4.3. Channel Foot Print by Players
21. Competition Analysis
21.1. Competition Dashboard
21.2. Pricing Analysis by Competition
21.3. Competition Benchmarking
21.4. Competition Deep Dive
21.4.1. TXC Corporation
21.4.1.1. Overview
21.4.1.2. Product Portfolio
21.4.1.3. Profitability by Market Segments (Product/Channel/Region)
21.4.1.4. Sales Footprint
21.4.1.5. Strategy Overview
21.4.1.5.1. Marketing Strategy
21.4.1.5.2. Product Strategy
21.4.1.5.3. Channel Strategy
21.4.2. Nihon Dempa Kogyo
21.4.2.1. Overview
21.4.2.2. Product Portfolio
21.4.2.3. Profitability by Market Segments (Product/Channel/Region)
21.4.2.4. Sales Footprint
21.4.2.5. Strategy Overview
21.4.2.5.1. Marketing Strategy
21.4.2.5.2. Product Strategy
21.4.2.5.3. Channel Strategy
21.4.3. Kyocera Corporation
21.4.3.1. Overview
21.4.3.2. Product Portfolio
21.4.3.3. Profitability by Market Segments (Product/Channel/Region)
21.4.3.4. Sales Footprint
21.4.3.5. Strategy Overview
21.4.3.5.1. Marketing Strategy
21.4.3.5.2. Product Strategy
21.4.3.5.3. Channel Strategy
21.4.4. Murata Manufacturing
21.4.4.1. Overview
21.4.4.2. Product Portfolio
21.4.4.3. Profitability by Market Segments (Product/Channel/Region)
21.4.4.4. Sales Footprint
21.4.4.5. Strategy Overview
21.4.4.5.1. Marketing Strategy
21.4.4.5.2. Product Strategy
21.4.4.5.3. Channel Strategy
21.4.5. Seiko Epson
21.4.5.1. Overview
21.4.5.2. Product Portfolio
21.4.5.3. Profitability by Market Segments (Product/Channel/Region)
21.4.5.4. Sales Footprint
21.4.5.5. Strategy Overview
21.4.5.5.1. Marketing Strategy
21.4.5.5.2. Product Strategy
21.4.5.5.3. Channel Strategy
21.4.6. Daishinku Corp. - KDS
21.4.6.1. Overview
21.4.6.2. Product Portfolio
21.4.6.3. Profitability by Market Segments (Product/Channel/Region)
21.4.6.4. Sales Footprint
21.4.6.5. Strategy Overview
21.4.6.5.1. Marketing Strategy
21.4.6.5.2. Product Strategy
21.4.6.5.3. Channel Strategy
21.4.7. Hubei Feilihua Quartz Glass Co., Ltd.
21.4.7.1. Overview
21.4.7.2. Product Portfolio
21.4.7.3. Profitability by Market Segments (Product/Channel/Region)
21.4.7.4. Sales Footprint
21.4.7.5. Strategy Overview
21.4.7.5.1. Marketing Strategy
21.4.7.5.2. Product Strategy
21.4.7.5.3. Channel Strategy
21.4.8. Taihan Fiberoptics
21.4.8.1. Overview
21.4.8.2. Product Portfolio
21.4.8.3. Profitability by Market Segments (Product/Channel/Region)
21.4.8.4. Sales Footprint
21.4.8.5. Strategy Overview
21.4.8.5.1. Marketing Strategy
21.4.8.5.2. Product Strategy
21.4.8.5.3. Channel Strategy
21.4.9. Heraeus Group
21.4.9.1. Overview
21.4.9.2. Product Portfolio
21.4.9.3. Profitability by Market Segments (Product/Channel/Region)
21.4.9.4. Sales Footprint
21.4.9.5. Strategy Overview
21.4.9.5.1. Marketing Strategy
21.4.9.5.2. Product Strategy
21.4.9.5.3. Channel Strategy
21.4.10. Yuzhnouralsk Plant Kristall
21.4.10.1. Overview
21.4.10.2. Product Portfolio
21.4.10.3. Profitability by Market Segments (Product/Channel/Region)
21.4.10.4. Sales Footprint
21.4.10.5. Strategy Overview
21.4.10.5.1. Marketing Strategy
21.4.10.5.2. Product Strategy
21.4.10.5.3. Channel Strategy
21.4.11. Coorstek
21.4.11.1. Overview
21.4.11.2. Product Portfolio
21.4.11.3. Profitability by Market Segments (Product/Channel/Region)
21.4.11.4. Sales Footprint
21.4.11.5. Strategy Overview
21.4.11.5.1. Marketing Strategy
21.4.11.5.2. Product Strategy
21.4.11.5.3. Channel Strategy
21.4.12. Impex HighTech
21.4.12.1. Overview
21.4.12.2. Product Portfolio
21.4.12.3. Profitability by Market Segments (Product/Channel/Region)
21.4.12.4. Sales Footprint
21.4.12.5. Strategy Overview
21.4.12.5.1. Marketing Strategy
21.4.12.5.2. Product Strategy
21.4.12.5.3. Channel Strategy
22. Assumptions and Acronyms Used
23. Research Methodology
Chemicals & Materials
December 2022
REP-GB-878
250 pages
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Synthetic Quartz Market
