Market Research Report
North America Quartz Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||914672|
|Published||Content info||154 Pages
Delivery time: 2-3 business days
|North America Quartz Market Forecast 2020-2028|
|Published: March 23, 2020||Content info: 154 Pages||
The North America quartz market is evaluated to grow at a CAGR of 4.51% over the estimated period of 2020-2028. The expansion of the construction industry in the strong economies of the United States and Canada is one of the important factors propelling quartz market growth in the region.
The North American quartz market region is surveyed further by analyzing the growth of the markets situated in the United States and Canada. The construction industry in the United States continued to expand in 2019, owing to a strong economy, an increase in federal and state funding for public works and institutional buildings, positive market fundamentals for commercial real estate, tax cuts and Jobs Act of 2017, and the hurricane rebuilding in the southeastern region of the United States. Canada is a net importer of quartz. China, India, and Portugal are the major exporters of quartz to Canada. The country has a steady export volume of quartz, to maintain the levels of foreign trade. The Canadian consumer electronics industry is growing due to new product innovations, and improved network connectivity in the country.
The residential and industrial sectors are also witnessing significant growth. In 2018, the growth rates of the industrial, residential, and commercial sectors were valued at 3.87%, 11.02%, and 77.35%, respectively, as compared to the growth rates in 2017. The Canadian construction industry is witnessing growth in cities like Toronto and Vancouver. The growing construction activities and government initiatives, such as NBCP, Made in Canada, and the AHI, are expected to create a strong demand for quartz in the construction sector. Solar power generation recorded significant growth since 2007. The growth in solar power capacity is expected to continue during the forecast period and increase the consumption of quartz in solar PV manufacture.
The Dow Chemical Company, The Quartz Corporation, SUMCO Corporation, Momentive Performance Materials, AGC Inc, etc. are some of the well-known companies functioning in the market.