Synthetic Quartz Market

Synthetic Quartz Market Size (2023-2028)

The synthetic quartz market size was worth US$ 68.9 million in 2022 and is anticipated to increase to US$ 96.1 million by 2028, registering a CAGR of 6.1% from 2023-2028

Synthetic quartz is a high-purity material that has become an essential component in electronics due to its advantageous chemical and physical properties. Synthetic quartz is made from oxygen, hydrogen, and silicon compounds like silicon tetrachloride. Synthetic quartz has a wide range of advantages. Acid, corrosion, high temperatures, wear, impact, compression, bending, and infiltration resistance are among them. As a result, it's common in the electronics sector. Impurities, linear flaws, and inclusions are rare in high-purity synthetic quartz. Synthetic quartz is made commercially via the hydrothermal technique. Because of its exceptional transparency to light in various wavelengths of the visible spectrum and extremely low coefficient of thermal expansion, synthetic quartz is also employed in lithography tools. During semiconductor integrated circuits, these lithography tools transfer delicate circuit patterns from a photomask onto a wafer. To generate a high-resolution circuit pattern picture on the surface of a wafer, synthetic quartz used in lithography tools fits the demand for more delicate circuits.

Synthetic Quartz Market Drivers and Restraints:

The rising semiconductor sector is projected to raise synthetic quartz demand in the coming years. Acids, corrosion, severe heat, wear, impact, compression, bending, and infiltration are all resistant to synthetic quartz. Synthetic quartz is a significant material in the electronics sector due to its good chemical and physical properties. Photomask substrates are indulged for semiconductor circuit integration and LCD panels are made of synthetic quartz. They are also essential in producing semiconductors used in many electrical products such as laptops, televisions, and cell phones. Fused quartz is a crucial material for solar-powered gadgets since it increases their efficiency. It also aids researchers in their efforts to reduce the cost of solar devices. Demand for solar panels will rise as people become more aware of the necessity of green energy production, as will investment in solar capacity installation worldwide. The synthetic quartz market will also be fueled by government measures to promote the use of solar energy. Synthetic quartz is also widely used in optical components found in microlithography projection systems' wavelength lasers. Optical components built of synthetic quartz are employed to transmit high-energy ultraviolet laser radiation to fabricate large-scale integrated circuits on substrates in this project. These components have excellent laser resistance, making them ideal for high-power or short-wavelength lasers. High-purity synthetic quartz is also used to make crucibles, which are used to draw single-crystal silicon for semiconductors and solar cells. In the solar industry, high-purity quartz is utilized to make single-crystal ingots from silicon metal. 

Synthetic quartz is used in electronics, particularly in the semiconductor and solar industries. For example, large-scale integration (LSI) in semiconductor circuits and liquid crystal display (LCD) panels use synthetic quartz in optical fibers and photomask substrates. Therefore, the increasing demand for synthetic quartz further propels the global synthetic quartz market in the upcoming years.

Recent Developments in the Global Synthetic Quartz Market:

• KYOCERA announced the launch of 0.5mm pitch electronic connectors, which are broadly utilized for automotive applications.

• On January 12th, 2021, KYOCERA announced its acquisition of SLD Laser, a California-based company.

SYNTHETIC QUARTZ MARKET REPORT COVERAGE:

Synthetic Quartz Market Segmentation: 

SYNTHETIC QUARTZ MARKET BY TYPE:

• Synthetic quartz crystal

• Synthetic Quartz Glass

During the forecast period, the synthetic quartz crystal segment is expected to increase at the fastest rate. Synthetic quartz crystals are primarily employed in the electronics and electrical industries, as they are an excellent material for frequency-controlled oscillators. Synthetic quartz crystal oscillators generate a consistent frequency in most wireless devices in the electronics and automotive industries. Synthetic quartz crystals are also used to make synthetic rubies, emeralds, and sapphires used in jewelry. 

SYNTHETIC QUARTZ MARKET BY APPLICATION:

• Automotive

• Electronics & Electrical

• Construction

Electronics and electrical have a stronger dominance in the Synthetic Quartz application area, owing to a significant expansion in the electronics industry due to expanding solar and semiconductor sectors. According to research, about 40% of the global population had a smartphone in 2018, and the smartphone penetration rate has continued to climb, with the rate predicted to reach nearly 47% by 2020. By 2026, approximately 90% of all mobile phone users in the United States are expected to own a smartphone, up from 27% in 2010. The synthetic quartz market will increase during the projected period because synthetic quartz is a significant material utilized in semiconductors used in smartphones. Furthermore, the usage of quartz in navigation systems and wireless device manufacturing, both of which are employed in smart automobiles, has increased. According to a Chinese survey, most citizens know modern navigation systems and want to utilize them in their vehicles. This accounted for around 90% of the total number of respondents. Due to these factors, the automotive market sector is predicted to grow at the fastest CAGR during the forecast period

Synthetic Quartz Market Regional Analysis: 

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• The Middle East and Africa 

The Synthetic Quartz Market Report includes the segmentation of Regions:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle east and Africa

The Asia-Pacific region dominates the Synthetic Quartz market. The Asia-Pacific market comprises China, India, Japan, Australia, and the rest of APAC. The Asia Pacific market is expected to escalate at a high CAGR rate during the forecast period, owing to rapid industrialization and growing demand for synthetic quartz from the electronics and automotive industries. The synthetic quartz market demand in the Asia Pacific is driven by rapid industrialization and rising demand for synthetic quartz, primarily from the electronics and automotive industries. 

Over the next six years, the total installed PV capacity in the United States is predicted to double, with a massive amount of more than 15 GW of PV capacity installed by 2026. Furthermore, according to data, semiconductor sales in the North American region were 94.1 billion dollars. As a result, owing to these factors, the North American synthetic quartz market is expected to develop at a high CAGR over the projected period.

The quartz market in Europe is expected to rise because of increased demand from the medical sector in countries including France and the United Kingdom. Quartz is also used in the construction industry in glass, building materials, and tiles. The building industry in nations such as Italy, Germany, and France is predicted to expand, increasing demand for quartz.

Saudi Arabia is one of the few MENA (the Middle East and North America) countries with significant quartz reserves. Accordingly, the Saudi government has started assessing its quartz deposits to quantify and qualify them.

Impact of COVID-19 on Synthetic Quartz Market:

The COVID-19 epidemic has had an impact on sectors all across the world, including synthetic quartz. During the pandemic, demand for synthetic quartz material has suffered a minor but considerable reduction. For example, global smartphone sales fell by 11.6 percent in 2020, from 1540 million units in 2019 to about 1380 million units in 2020. This had an impact on the demand for synthetic quartz, which is used in smartphone semiconductors. In addition, the synthetic quartz market has been impacted by supply chain interruptions in the solar industry. The expensive nature of the raw materials used to make synthetic quartz plays a significant role in the decreased demand, as many businesses are struggling financially due to the pandemic. However, as global economies improve, the synthetic quartz market will likely rise faster throughout the forecast period.

Synthetic Quartz Market Key Players:

The companies covered in the report include:

1. Universal Quartz

2. Impex Hightech

3. Kyocera

4. TXC Corporation

5. Heraus Group

6. AGC Inc.

7. Saiko Epson

8. Coorstek

9. Asahi Glass

10. Universal Quartz