High purity quartz- commonly known as HPQ or Quartz - is distinguished by exceptionally low concentrations of elements other than silicon and oxygen, having less than 50 ppm of impurities. This naturally occurring element is used by advanced, high-tech industries that include semiconductors, high temperature lamp tubing, telecommunications and optics, microelectronics, solar silicon, and glass manufacturing applications. According to expert analysis, the global high purity quartz market is anticipated to witness a significant CAGR of 7.0% during the forecast period 2018–2026.
Owing to its high-tech application, scant availability around the world, and rising demand from various industries, companies are looking for more sources of high purity quartz. Manufacturers have been investing in research & development activities to develop synthetic high purity quartz to cater the growing demand. However, to achieve essential high purity specifications, quartz used in high-tech industries is required to undergo customized grading and processing techniques by specially designed equipment. This process involves several refinement steps to significantly minimize the proportion of impurities.
Semiconductor industry to register maximum consumption; most lucrative applications to emerge due to soaring demand for solar photovoltaic
High purity quartz is the primary raw material used in the semiconductor industry. Increasing demand for HPQ in the semiconductor industry can be attributed to growing number of new fabrication plants (commonly called Fabs) being built - that consume most of the semiconductor base materials and manufacturing of monocrystalline silicon (crucibles). Additionally, owing to increasing demand for electronics and technological advancements, semiconductors is anticipated to the most preferred to increase the performance of products which, in turn, would fuel the use of high purity quartz in the semiconductor industry. Growth in solar photovoltaic across the world is anticipated to boost the demand for the high purity quartz market in the near future, creating more revenue for the high purity quartz market.
Grade III HPQ: Rarest to Find but Most Preferred in the Semiconductor Industry
According to expert analysts, on the basis of the market value, grade III HPQ- over the course of the forecast period is pegged to be more lucrative as compared to Grade II segment which is anticipated to be a low value – high volume market owing to limited preference by end users. With increasing demand from solar PV cells as well as from semiconductor applications, the demand for grade II and grade III segment is growing. Innovations in the chemistry of HPQ grades and introduction of new technologies are expected to create new trends in the coming years. Considering that high purity quartz is rare and is prominently used for manufacturing semiconductor grade crucibles and its associated derivatives, grade III segment of high purity quartz is often considered as a matured market. High purity grade is the only material used for this purpose, as even the slightest of the impurity especially presence of any kind of radioactive materials in these fillers can harm the conductivity of semiconductors.
The global semiconductor market has been growing at a steady rate, with China emerging as the most prominent market for semiconductor manufacturing, with the government in the region establishing funds and policies to achieve an ambitious growth rate of >20% Year-on-Year.
Persistence Market Research (PMR) analyzes the high purity quartz market in its new publication titled “High Purity Quartz Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment; 2018 – 2026”. The main objective of the report is to identify dynamics in the market and provide recent updates, insights and a comprehensive market forecast for the period 2018–2026, pertaining to various segments of the Global high purity quartz market. To provide better understanding of the market, the report also includes analysis of drivers, restraints, trends which influence the current market scenario and are expected to impact the Global high purity quartz market over the forecast period.
Telecom & Optics
Middle East & Europe
To understand and assess market opportunities and trends, the global high purity quarts market report is categorically split into different sections based on grades, applications and regions. The report starts with the market overview and provides market definition and taxonomy along with supply chain, drivers, restraints, and trends in the market. The sections that follow include global high purity quarts market analysis grade, application and regional level analysis. All the above sections evaluate the market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global high purity quartz market. To give a brief idea about revenue opportunities from application and region/country-wise segments, the report also provides market value (US$ Mn) data, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2018-2026).
In the final section of the report, a detailed competition landscape with overall market structure is also analyses, to provide a dashboard view of key players operating in the global high purity quartz market.
The forecast assesses the total revenue (US$ Mn) of the global high purity quartz market. To provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global high purity quartz market is expected to develop in the future. The critical market data, including the base number and segment splits, has been devised through in-depth secondary research. This data is then triangulated on the basis of different verticals, considering both supply side and demand side drivers and other dynamics of the various regional markets, along with primary interviews of high purity quartz manufacturers, distributors & suppliers, and industry experts operating in the global high purity quartz market. The forecast presented in the report evaluates the actual market size (US$ Mn) in 2017 with regard to high purity quartz and the expected market value in the global high purity quartz market over the forecast period.
We have also analyzed the different segments of the global high purity quartz market in terms of basis point share (BPS) to understand individual segments’ relative contribution to market growth. This detailed level of information is important for identifying the various key trends governing the global high purity quartz market. The report also analyses the global high purity quartz market based on the absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a business development perspective, it is essential to identify absolute dollar opportunity is essential to identify potential resources in the high purity quartz market. Moreover, PMR has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global high purity quartz market- to identify real market opportunities in the global high purity quartz market.