Quartz Global Market Report 2024

Quartz, a mineral comprising silicon dioxide, is found in colorless, transparent, or colored hexagonal crystals or crystalline masses. Extracted from open-pit mines, quartz serves various purposes, including abrasives, foundry sand, hydraulic fracturing proppant, and gemstones.

Quartz is categorized into engineered quartz stones, quartz sand, quartz pebbles, and quartz crystals. Engineered quartz stones are crafted from a mixture of quartz aggregate chips, a resin binder (typically unsaturated polyester), pigments, and additives. Different grades, including high-purity quartz sand, grade I, grade II, and grade III, cater to various industries such as electronics, semiconductors, building and construction, metallurgy, optics, telecommunications, and solar.

The quartz market research report is one of a series of new reports from The Business Research Company that provides quartz market statistics, including quartz industry global market size, regional shares, competitors with a quartz market share, detailed quartz market segments, market trends and opportunities, and any further data you may need to thrive in the quartz industry. This quartz market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

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 witnessed in the historic period can be attributed to several factors, including the expansion of the electronics industry, urbanization and construction activities, industrial applications, utilization in healthcare and medical sectors, and demand from the aerospace and defense industries.

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 anticipated growth in the forecast period can be attributed to various factors, including a growing emphasis on environmental sustainability, evolving dynamics in the global supply chain, shifts in consumer preferences, increased demands in military and aerospace sectors, and ongoing expansion in healthcare and biotechnology.

The growth of the quartz market is anticipated to be propelled by an increase in demand for semiconductors. Quartz plates and discs play a crucial role in the semiconductor sector, particularly in the manufacturing of boats, pedestals, wafers, wafer carriers, and batch processing equipment. In the semiconductor industry, high-purity quartz is utilized for producing crucibles and quartz glass products such as windows, rods, and tubes. As per the Semiconductor Industry Association (SIA), a US-based semiconductor industry organization, global semiconductor sales reached $48.8 billion in October 2021, reflecting a 24.0% increase from $39.4 billion in October 2020 and a 1.1% rise from October 2021. Consequently, the surge in demand for semiconductors is a key driver for the growth of the quartz market.

The increasing demand for solar energy is expected to contribute to the growth of the quartz market. Quartz is integral in the solar energy sector, where it is utilized to convert solar energy into metallurgical-grade silicon through various chemical processes, including reduction with carbon and purification to produce high-purity silicon. In July 2023, the International Energy Agency, a Paris-based intergovernmental organization, reported that solar photovoltaics (PV) energy generation experienced a notable increase of 270 terawatt-hours (TWh) in 2022, marking a 26% rise and reaching almost 1300 terawatt-hours (TWh). This underscores the growing demand for solar energy, driving the growth of the quartz market.

Major players in the quartz market are strategically introducing advanced solutions to enhance their competitiveness. One such innovation is the introduction of quartz collections, featuring a range of surfaces or countertops with innovative designs and colors, spanning from icy white tones to midnight black tones. A notable example is Akrilika Holding Company, a Russia-based manufacturer of solid surfaces and quartz, which launched Alfa Quartz in May 2023. Alfa Quartz is a premium material that blends natural elements with durability and innovative design, offering a palette of the first 10 colors. These surfaces are characterized by being non-porous, scratch-resistant, and do not require sealing, making them low-maintenance and durable.

Major companies in the quartz market are emphasizing the introduction of white quartz products to gain a competitive advantage. White quartz products, engineered quartz countertops made of natural ground quartz and resin, are in focus. An instance of this is the launch of KalingaStone Quartz products by Classic Marble Company, an Indian-based marble company, in October 2023. This product line comprises seven white quartz variations with tones of grey, brown, and black veins, including Calacatta Lazza, Calacatta Pristine, Calacatta Venezia, Calacatta Nero, Crystal Bliss, Crystal Serene, and Calacatta Rivolo. Engineered for strength, hardness, hygiene, non-porosity, and resistance to stains and wear, these products reflect a commitment to innovation.

In March 2022, Sibelco, a Belgium-based mining company, made an undisclosed acquisition of Kremer Zand en Grind. This strategic move aligns with Sibelco's 2025 strategy, aiming to become the world leader in silica sand. The acquisition expands Sibelco's client base and enhances its deposits and reserves of silica sand in Western Europe. Kremer Zand en Grind (KZG), a Dutch producer of wet, dried, and calibrated silica sand and gravel, adds to Sibelco's capabilities in the silica sand market.

Major companies operating in the quartz market report are Heraeus Holding, Kyocera Corporation, Murata Manufacturing Co. Ltd., DuPont de Nemours Inc., Ferroglobe, Cosentino Group, Sibelco Quartz Corporation, Covia Holdings LLC, Jiangsu Pacific Quartz Co. Ltd., Cambria, Caesarstone Ltd., Goodfellow Corp., NIHON DEMPA KOGYO CO. LTD., CR Lawrence, Compac, MS Industries, Bitto(Dongguan), Kleen Industrial Services, Abrisa Technologies, Quality Quartz Engineering, American Elements, Baba Quartz, Ron Coleman Mining, Creswick Quartz, Donghai Colorful Mineral Products, ULTRA HPQ, Diresco, Alicante Surfaces Pvt. Ltd., Belenco, HanStone Quartz, Wonic QnC Corporation, Xinyi MingwangQuartz Sand, Momentive Technologies, INASCO Inc., AGC Inc., Quartz Corp, Russian Quartz LLC, Saint Gobain Group, N.T. Ruddock Co., Pegasus Glass, Technistone, Swift Glass Company, Elkem ASA, Thermofisher Scientific, Noah Chemicals, Australian Silica Quartz Group Ltd.

Asia-Pacific was the largest region in the quartz market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the quartz market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the quartz market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The quartz market consists of sales of rock crystal, ametrine, amethyst, blue quartz, and citrine. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Quartz Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on quartz market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for quartz ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The quartz market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Heraeus Holding; Kyocera Corporation; Murata Manufacturing Co. Ltd.; DuPont de Nemours Inc.; Ferroglobe
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.