Quartz Market Size, Growth Analysis, Outlook Report 2024-2033

The Quartz Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Quartz Global Market Report 2024, The quartz market size has grown strongly in recent years. It will grow from $9.01 billion in 2023 to $9.76 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to electronics industry growth, urbanization and construction, industrial applications, healthcare and medical uses, demand from aerospace and defense.

The quartz market size is expected to see strong growth in the next few years. It will grow to $13.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to environmental sustainability, global supply chain dynamics, shifts in consumer preferences, military and aerospace needs, healthcare and biotechnology expansion. Major trends in the forecast period include rise in luxury market demand, resilience in supply chain, artificial intelligence in processing, smart home integration, health and wellness applications.

An increase in demand for semiconductors is expected to propel the growth of the quartz market going forward. In the semiconductor sector, quartz plates and discs are required to manufacture boats, pedestals, wafers, wafer carriers, and batch processing equipment. Quartz, such as high purity quartz, is used in the semiconductor industry to produce crucibles and quartz glass products such as windows, rods, and tubes. For instance, according to the Semiconductor Industry Association (SIA), a US-based semiconductor industry, global semiconductor sales totaled $48.8 billion in October 2021, up 24.0 % from $39.4 billion in October 2020 and 1.1% higher than October 2021. Therefore, the increase in demand for semiconductors is driving the growth of the quartz market.

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The quartz market covered in this report is segmented –

1) By Type: Engineered Quartz Stones, Quartz Sand, Quartz Pebbles, Quartz Crystals, Other Types

2) By Grade: High-Purity Quartz, Grade I, Grade II, Grad III

3) By End User: Electronics and Semiconductors, Solar, Building and Construction, Metallurgy, Optics and Telecommunication, Other End Users

Top Major Players:
Heraeus Holding, Kyocera Corporation
Murata Manufacturing Co Ltd.
DuPont de Nemours Inc.
Ferroglobe
Cosentino Group

Asia-Pacific was the largest region in the quartz market in 2023.

Major companies operating in the quartz market are focused on introducing advanced solutions, such as white quartz products, to gain a competitive edge in the market. White Quartz products are engineered quartz countertops made of natural ground quartz and resin. For instance, in October 2023, Classic Marble Company, an Indian-based marble company, launched KalingaStone Quartz products. KalingaStone Quartz products are marble with a range of seven white quartz products in varying tones of grey, brown, and black veins. It includes Calacatta Lazza, Calacatta Pristine, Calacatta Venezia, Calacatta Nero, Crystal Bliss, Crystal Serene, and Calacatta Rivolo. It is engineered, strong, hard, hygienic, non-porous, and resistant to stains and wear.

The quartz market report table of contents includes:

1. Executive Summary
2. Quartz Market Characteristics
3. Quartz Market Trends And Strategies
4. Quartz Market – Macro Economic Scenario
5. Global Quartz Market Size and Growth
…
32. Global Quartz Market Competitive Benchmarking
33. Global Quartz Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Quartz Market
35. Quartz Market Future Outlook and Potential Analysis
36. Appendix

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