Global Market Study on High Purity Quartz: Semiconductor Application Segment Estimated to Be Pegged at 28,884 Tons by 2016 End


  • Published On : Nov-2016 |
  • Pages : 200 Pages |
  • Format :

Persistence Market Research (PMR) offers an eight-year forecast on the global high purity quartz market between 2016 and 2024. The report defines 2015 as the base year and provides data for the following eight years. This research report provides a detailed analysis of the global high purity quartz market, while identifying the factors contributing to growth of the market across the region. This study offers insights about the market dynamics and trends of various regional markets and stakeholders that are influencing the current nature and future dynamics of the global high purity quartz market during the forecast period.

The report provides an in-depth analysis of various grades of high purity quartz, and their consumption levels across different geographies and their assisted revenues, coupled with forecast. This includes HPQ Powder (99.99 %+), Grade I, Grade II, and Grade III; among these HPQ Powder finds application in micro-electronics for EMC packaging, while higher grades such as Grade II and Grade III are used for solar and semiconductor applications. Grade I is often used in other applications such as lighting, telecom and optics.

The report provides insights on high purity quartz usage across various application that includes Semiconductor, Solar, Lighting, Telecom & Optics, Microelectronics and Others. The report covers a brief analysis on some potential upcoming projects, and their locations and current status.

As per analysis, prices in the High Purity Quartz market play a very important role, and hence the report offers an analysis of prices on the basis of different grades, application and their forecasts. Furthermore, the report also include Porters Five Force Analysis for the Global High Purity Quartz market.

To report also includes an analysis of supply – demand scenario, and forecast production levels from different geographical regions. The report also highlights key trends in the global high purity quartz market, which include details about various mergers and acquisition activities going in the industry. Along with, an information regarding upcoming new technologies and startups, and pricing trends

The report also provides a list of prominent buyers and their geographical concentration along with, the geographical status of various end use industries. This information, shall assists HPQ companies to strategically design their business activities such as setting up a marketing base or a new processing facility.

In the final section of the report, a competitive landscape has been provided to present the client with a dashboard view of various comparison points including revenue bracket, key application areas, and global presence amongst others. It also enables identification and evaluation of key competitors based on in-depth assessment of their capabilities and success in the marketplace. Some of the key market players covered in this report are Unimin Corporation, The Quartz Corp, Russian Quartz LLC (Kyshtym Mining), HPQ Silicon Resources Inc., Nordic Mining ASA, High Purity Quartz Pty Ltd, Jiangsu Pacific Quartz Products Co., Ltd.

Research methodology  

To ascertain the global high purity quartz market size, we have taken into account the revenue generated by the various high purity quartz manufacturers and processors globally. The forecast presented here assesses the total revenue generated by value, across the global high purity quartz market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the high purity quartz market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis; based on supply side, downstream industry demand and the economic envelope.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the global high purity quartz market and identify the right opportunities across the market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is overlooked while forecasting the market. However, absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the global high purity quartz market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report.

To understand key growth segments in terms of growth and adoption for high purity quartz globally, PMR has developed the high purity quartz market ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.

Global consumption of high purity quartz is gradually increasing, owing to strong demand from solar and semiconductor manufacturing channels. High purity quartz is uniquely used during the manufacturing of c-Si through Czochralski process as crucibles in which silicon ingots are developed. HPQ is the only preferred material for this process, as it shares the same Si element and is almost non-reactive, assuring high quality ingots. Apart from this, High Purity Quartz (HPQ) also finds paramount applications in advanced lighting, telecom, optic and microelectronics industry.

As per Persistence Market Research analysis, global sales of high purity quartz is estimated to be valued at US$ 555.1 Mn in 2016 and is projected to increase at a CAGR of 8.3% over the forecast period to be valued at US$ 1,047.9 Mn by 2024. Growth is primarily driven by increasing demand coming from quartz base materials and fabricated component manufacturers, amid high demand for the latter from semiconductor and solar manufacturing equipment companies. The company forecasts the solar application segment market to grow at a strong CAGR during the eight year forecast period of 2016 through 2024.

Market dynamics

Increase in demand for solar PV across the globe, is the most prominent factor driving the consumption of High Purity Quartz, as HPQ forms an integral component in manufacturing chain of solar C-Si cells. Besides, HPQ also forms an indispensable component in semiconductor industry, due to high purity and inert nature of HPQ. Demand for HPQ from semiconductor industry is already high, albeit, future increasing demand is anticipated to come from new wafer fab units, and transition from 300mm to 450 mm wafer manufacturing.

Moreover, low to medium grades of HPQ is also used for manufacturing tubing for high intensity lighting, which in turn are seeing increasing demand for high spec vehicles. Apart from this, rapidly expanding telecom infrastructure, is also significantly driving the demand for HPQ, particularly from major optical fiber manufacturers, in which HPQ is used for cladding purpose. Furthermore, increasing demand for high end head-up-displays, binoculars and microscopes, is also adding consumption numbers to global high purity quartz market. Apart from this, in recent years, many new sectors have sprouted which demand high purity quartz for special applications such as HPQ wool insulation and catalysts for various chemical processes.

Segment analysis

Amongst various grades, Grade I is estimated to account for a majority of the market share by volume, and the segment is expected to register a CAGR of 5.3% over the forecast period. Grade II on the other is estimated to gain a significant market share by the end of forecast period, due to rising demand from mono-C crucibles, high grade multi-C-crucibles, and from other high quality fused glass tubing and quartz-ware manufacturers. As per Persistence Market Research analysis, in terms of volume, Grade II is estimated to register the highest CAGR which is over 2.5% higher than Grade III.

Based on application type, the semiconductor segment is estimated to account for more than 36% volume share of the overall global market by 2016 end, however, this is expected to decrease by the end of 2024, due to stronger demand from solar applications. The global high purity quartz market volume, by the lighting application segment is forecasted to register a 5.7% CAGR for the period of 2016 through 2024. This can be attributed to rising demand for high spec vehicles, incorporating high intensity lightings, such HUD and Xenon.

Pricing in the High Purity Quartz market varies greatly across different grades and applications, with Grade III costing 9X to that of Grade I and is further expected to continue regular increments, due to a shortage of new suppliers. Factors governing the prices of HPQ, are not just purity and demand, but a complex structure of variables, including, type of impurities, manufacturing technology and feed, brand value of the manufacturer, etc.

Being a forte of a handful number of players and a potentially undersupplied market, bargaining power of suppliers is on a much higher hand when compared to buyers, and is expected to remain on the same level throughout the forecast period. Demand for HPQ is estimated at 90,455 tons in 2016 and the demand supply gap is expected to widen mid forecast period, but with new players coming on stream, this shall reduce, albeit, not balancing.

high purity quartz market

Regional analysis

A majority of HPQ buyers are located in Asia Pacific region particularly in China, Japan and Korea, which together account for nearly 50% of the Global HPQ consumption in 2016. Furthermore, consumption in the region is anticipated to register a decent CAGR over the forecast period. North America on the other hand accounts for a large chunk of HPQ production due to presence of Spruce Pine, but consumption in the region is second in line to Asia Pacific, due to the presence of prominent quartz base material manufacturers such as Momentive Performance Materials Inc.

Key market players

Key market players in the global high purity quartz market include Unimin Corporation, The Quartz Corp, Russian Quartz LLC (Kyshtym Mining), HPQ Silicon Resources Inc., Nordic Mining ASA, High Purity Quartz Pty Ltd, Jiangsu Pacific Quartz Products Co., Ltd.

Company Profiles

  • Established Players
  • Unimin Corp./Sibelco
  • The Quartz Corp. 
  • Russian Quartz LLC – Kyshtym Mining - Sumitomo
  • Jiangsu Pacific Quartz Co.
  • Nordic Mining
  • High Purity Quartz Pty Ltd
  • HPQ Silicon Resources Inc. 
  • Others.
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