Quartz Market

Increasing electronics manufacturing and semiconductors is driving the market growth

Market CAGR for Quartz is being driven by its pivotal role in the electronics manufacturing sector, particularly in the production of semiconductors. Quartz, in the form of high-purity crystalline silicon dioxide, is an essential component in the fabrication of semiconductor devices. The unique physical and chemical properties of quartz, including its high thermal stability and excellent electrical insulating capabilities, make it an ideal material for the semiconductor industry. Quartz is used in the manufacturing of silicon wafers, which serve as the substrate for the intricate circuits that form the foundation of electronic devices.

The semiconductor industry relies heavily on quartz due to its ability to withstand high temperatures and provide a stable platform for the precise etching and deposition processes involved in semiconductor fabrication. As demand for advanced electronic devices continues to rise, fueled by developments in artificial intelligence, internet of things (IoT), and 5G technologies, the demand for high-quality quartz in electronics manufacturing is expected to remain strong.

The quartz market experiences significant growth from the construction and interior design sectors, particularly driven by the increasing popularity of quartz countertops. Quartz countertops have gained widespread acceptance as a durable and aesthetically pleasing alternative to traditional materials like granite and marble. Engineered quartz countertops, composed of a high percentage of crushed natural quartz mixed with resins and pigments, offer a non-porous surface that is resistant to stains, scratches, and heat.

Quartz's exceptional properties also make it indispensable in the production of high-precision equipment and optics. The semiconductor industry, in particular, relies on quartz for its use in photolithography processes, where precise patterns are transferred onto silicon wafers. Quartz glass, known for its high transparency to ultraviolet (UV) light and thermal stability, is used in the manufacturing of lenses and optical components for scientific instruments, cameras, and laser systems.

According to the Semiconductor Industry Association (SIA), semiconductor sales reached $439 billion in 2021, marking a 23.6% increase compared to the previous year. This surge in sales is indicative of the rising demand for electronic devices and, consequently, the essential role of quartz in semiconductor manufacturing. Thus, driving the Quartz market revenue.

The Global Quartz Market Industry experiences a notable surge in demand driven by the construction sector. Quartz is increasingly utilized in countertops, flooring, and wall cladding due to its durability and aesthetic appeal. As urbanization accelerates globally, the construction of residential and commercial buildings intensifies, leading to a projected market value of 7.76 USD Billion in 2024. This growth is indicative of a broader trend where architects and designers favor quartz for its versatility and low maintenance requirements, thereby solidifying its position in the construction materials market.

The versatility of quartz leads to its diverse applications across various industries, which serves as a crucial driver for the Global Quartz Market Industry. Beyond construction, quartz is utilized in electronics, automotive, and even healthcare sectors. Its properties, such as resistance to heat and chemicals, make it suitable for a wide range of applications. This multifaceted usage enhances market resilience and opens new avenues for growth. As industries continue to explore innovative uses for quartz, the market is poised for sustained expansion, reflecting its integral role in modern manufacturing.

Technological innovations in the manufacturing processes of quartz products significantly influence the Global Quartz Market Industry. Enhanced techniques, such as engineered stone production, allow for the creation of high-quality quartz surfaces that meet diverse consumer preferences. These advancements not only improve product durability but also expand design possibilities, catering to the evolving tastes of consumers. As a result, the market is expected to grow at a CAGR of 4.51% from 2025 to 2035, reflecting the industry's adaptability to technological changes and consumer demands.

There is a growing awareness among consumers regarding sustainability, which positively impacts the Global Quartz Market Industry. Quartz, being a natural stone, is perceived as an eco-friendly alternative to synthetic materials. This shift in consumer preferences encourages manufacturers to adopt sustainable practices in sourcing and production. As a result, the market is likely to see an increase in demand for quartz products that emphasize environmental responsibility. This trend aligns with the projected market growth, reaching 12.6 USD Billion by 2035, as consumers increasingly prioritize sustainability in their purchasing decisions.

The expansion of the hospitality and retail sectors significantly contributes to the growth of the Global Quartz Market Industry. High-end hotels and retail establishments increasingly opt for quartz surfaces due to their luxurious appearance and durability. This trend is particularly evident in regions experiencing economic growth, where investments in hospitality and retail infrastructure are on the rise. The demand for quartz in these sectors not only enhances aesthetic appeal but also ensures longevity, making it a preferred choice for designers and architects. Consequently, this sector's growth is expected to bolster the overall market value.

By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Quartz market area will dominate this market. North America, particularly the United States, is a leader in technological innovation and home to a significant portion of the semiconductor industry. Silicon Valley, situated in California, is renowned as a hub for technology companies and semiconductor manufacturers.

Further, the major countries studied in the market report are The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: QUARTZ MARKET SHARE BY REGION 2022 (USD Billion)Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Europe Quartz market accounts for the second-largest market share due to its influenced by its advanced manufacturing capabilities and a thriving construction sector. European countries are known for their precision engineering and high-quality manufacturing processes, driving the demand for quartz in various applications. Further, the Germany Quartz market held the largest market share, and the UK Quartz market was the fastest-growing market in the European region

The Asia-Pacific Quartz Market is expected to grow at the fastest CAGR from 2023 to 2032 due to rapid industrialization and the booming electronics market. Countries like China, Japan, South Korea, and Taiwan are key players in semiconductor manufacturing and electronics production. Moreover, China’s Quartz market held the largest market share, and the Indian Quartz market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development to innovate and differentiate their quartz products. This could involve developing new varieties of engineered quartz with enhanced properties, colors, or patterns to meet changing consumer preferences. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, brand building and marketing, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Quartz industry must offer cost-effective items.

Embracing sustainability in production processes and sourcing practices is becoming a crucial strategy used by manufacturers in the Quartz industry to benefit clients and increase the market share. In recent years, the Quartz industry has offered some of the most significant advantages to Consumers. Major players in the Quartz market, including Jiangsu Pacific Quartz Co. Ltd, Sibelco, Quartz Corporation, NIHON DEMPA KOGYO CO., LTD., AGC Inc., and others, are attempting to increase market demand by investing in product development to increase their product line and cater to diverse consumer needs.

Sibelco, established in 1872, stands as a material solutions company specializing in sourcing, transforming, and distributing specialty industrial minerals such as silica, clays, feldspathics, and olivine. A leader in glass recycling, Sibelco's impact spans diverse industries like glass, ceramics, construction, coatings, polymers, and water purification. Operating in approximately 30 countries, the multinational enterprise boasts an extensive multi-mineral portfolio. Committed to innovation, Sibelco collaborates with clients worldwide, providing high-specification materials and dedicated technical support.

The company prioritizes health and safety, fosters diversity, and integrates sustainability into its core vision, aiming to minimize environmental impact while maximizing economic value through continuous improvement and innovation. In December 2022, Sibelco completed the acquisition of Italy's Bassanetti Group, a regional expert in the extraction, processing, and marketing of sand products in Southern Europe. This strategic initiative is set to enhance Sibelco's presence and influence in the Southern European market, fortifying the company's position in the region.

AGC stands as a leader in supplying cutting-edge materials and components, encompassing flat, automotive, and display glass, as well as chemicals and ceramics. With a rich history of over 100 years dedicated to innovation, AGC continually strives to enhance lives worldwide through its unique materials and technologies. Operating in over 30 countries, AGC holds market leadership in key sectors, including Automotive and Building Glass, where it claims the top position. The company, fueled by a diverse workforce exceeding 50,000 individuals, emphasizes sustainability in its future endeavors.

AGC's success is rooted in the collaborative efforts of its dedicated team, spanning roles from sales and business to engineering and research and development. In March 2022, AGC Inc. concluded its operations and business activities in Russia and Ukraine due to the prevailing wartime conditions in these nations.