HighPurity Quartz Market: Introduction
The global high purityquartz market was valued at ~US$ 800 Mn in 2019 andis anticipated to expand at a CAGR of ~6% during theforecast period. The global high purity quartz market is driven by increase indemand for high purity quartz in the global semiconductor industry. AsiaPacific accounts for a major share of the global high purity quartz market, ledby high demand for high purity quartz among manufacturers of solar products.
Key Drivers of High Purity QuartzMarket
High purityquartz is a special feedstock, which is used in industries that entailhigh-tech applications (for instance, the solar industry). The high purityquartz sand is a highly cost-effective solution to meet the consistentlyincreasing requirements in terms of quality standards in the solar industry.The solar industry has gained prominence, as solar is a key source of renewableenergy. Several countries across the globe are undertaking solar projects inorder to save non-renewable sources of energy. Solar power involves theconversion of energy from sunlight into electricity by using photovoltaic (PV)cells. The high purity quartz sand is the raw material used to producecrucibles, which are employed in the solar cell industry. High purity quartz isemployed in several ways in the manufacture of c-Si cells and modules,including crucibles, quartz glass for tubes, rods, and widows, and silicon metal.Silicon is the base material for all c-Si PV modules. Large, rectangularcrucibles are used in the manufacture of multi-crystalline silicon for usage insolar PV cells. Production of monocrystalline silicon requires roundedcrucibles made of purer, solar-grade quartz. Various countries across the globeare increasingly focusing on clean energy alternatives. The commitment to cleanenergy has been evidenced in a number of policy changes globally, as well asthe Paris Agreement. Thus, expansion of the solar industry is projected toboost the high purity quartz market during the forecast period.
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Expansion of Telecommunication andOptical Fibers Industries to Offer Lucrative Opportunities to High PurityQuartz Market
Rise inneed for network bandwidth and growth in Internet penetration are driving thedemand for fiber optics. Fiber optics allow transmission over longer distanceswith less loss. They are also immune to electromagnetic interferences. Anoptical fiber consists of a transparent core surrounded by a transparentcladding material made from high purity quartz. High purity quartz-basedcladding material is essential to maintain the efficacy of the transmissionline. Apart from telecommunication and data transfer, optical fibers are alsoincreasingly utilized in medical and scientific research. This is furtherboosting the demand for high purity quartz. Rapid expansion of the broadbandmarket and significant investments in 3G/4G/5G infrastructure are propellingthe demand for high purity quartz, particularly among major optical fibermanufacturers. Most of these manufacturers are based in the U.S. and China.
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Limited Availability of Mines andLack of Technical Knowledge about Production to Hamper High Purity QuartzMarket
Limitedavailability of quartz mines is a prominent factor restraining the high purityquartz market. Currently, just two notable mines (Spruce Pine, North Carolina,the U.S.; and Kyshtym, Russia) account for more than 95% share of the globalhigh purity quartz market in terms of production. Large numbers of mines inAustralia, Canada, Mauritania, Russia, and Norway have reported high purityquartz possibilities; however, none of these is capable of producing a productthat meets the IOTA standard on an economical and regular basis. Consequently,prominent quartz companies are focusing on grades capable of producingpoly-silica for the manufacture of solar PV cells. These companies are unableto enter the high purity quartz market.
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High purityquartz is considered a specialized market, with prominent suppliers reluctantto disclose their production as well as processing techniques due to the fearof losing their margins to upcoming players. This is significantly hamperingthe entry of a large number of players, even those with fairly high naturalpurity (99.9% +). However, a few silica startups are anticipated to introduceefficient production techniques to cater to the ever-rising demand for highpurity quartz.
Asia Pacific Dominates High PurityQuartz Market
Based onregion, the global high purity quartz market has been divided into NorthAmerica, Europe, Asia Pacific, Latin America, and Middle East & Africa. Interms of volume and value, Asia Pacific dominated the global high purity quartzmarket in 2019. Increase in the number of solar and fabrication plants in theregion is driving the high purity quartz market in Asia Pacific. China andJapan hold major share of the market in the region, owing to the presence of apromising semiconductor industry in these countries. Key players preferinvesting in Asia Pacific, as the region has presence of natural reserves suchas mineral deposits and abundant availability of labor. North America isanother significant consumer of high purity quartz, with the presence of a largenumber of players, high-purity deposits, and manufacturing facilities in theregion.
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ConsolidatedNature of High Purity Quartz Market
Competitionin the high purity quartz market is sustained due to varying market shares ofmajor, well-established players. Unlike other industrial mineral sectors, theglobal high purity quartz market witnesses limited competition, with twoproducers accounting for more than 80% share of the global production. Thisimplies that prices remain fairly steady. Covia Holdings Corporation held 72.30% shareof the global high purity quartz market in 2019. The QuartzCorp., another major player in the market, constituted 10.30% sharein 2019.
China-basedmanufacturers occupied 7.50% share ofthe global high purity quartz market in 2019. Depositsof quartz in China are not of high purity. The country purchases high purityquartz from the U.S. and Europe.
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