Global Fused Silica Market Insights
The fused silica market is showcasing lucrative opportunities to meet highly specialized applications of major end use industries such as electronics and foundries. The global fused silica market has witnessed a steady growth at a CAGR of 4.4% over the past half-decade.
However due to the ongoing outbreak of COVID-19, the market has generated a sharp decline in demand for fiscal year 2020. Post pandemic, and with resurrection in global demand, fused silica market is forecast to witness an upswing at a healthy CAGR of 5.5% during the forecast period (2020-2030).
Glass substrates have emerged as a lucrative pocket in the fused silica market.
Fused silica glass substrates are widely used in making optical fibers. These optical fibers are elongated and flexible optical waveguides, applied either on glass substrates or on polymers. Amongst all glass used in optic fibers, fused silica is the leading material, particularly in communication by i-e telecom fibers, as it has a number of favorable properties such as a wide wavelength and good optical transparency.
Based on these properties, market players are expanding their footprints by providing fused silica glass substrates and offering a variety of products based on wavelength such IR and UV grade. Also, in recent times, fused silica based glass has been selected to provide the first ever 5G mobile telecommunications service, launched by NTT DOCOMO, INC., AGC Inc. and Ericsson. Thus, glass substrates will find maximum application of fused silica in the long-term forecast.
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Global Fused Silica Market End-Use Industry Insights
Fused silica has been primarily consumed in the electronics and semiconductor industry (55% of total market). Fused silica is highly consumed in these industries for its good dielectric and insulating properties. Besides, the second largest application of fused silica comes from foundries, where fused silica is consumed as a refractory material or in investment casting. In investment casting, fused silica coats a wax replica of the component to be cast. High adoption of fused silica materials for investment casting over other products augments its demand in the long-run.
Global Fused Silica Market Regional Insights
Europe accounted for the largest market share in 2019. This trend is forecast to continue throughout the forecast period. Currently, Europe accounts for over one third of the fused silica demand. Consumption of fused silica in Europe is mainly backed by increasing demand of high performance fused silica from the electronics and semiconductor industry.
The fused silica market was the fastest growing in East Asia in the historical period. China was at the forefront of rising demand. However, amid the ongoing COVID-19 outbreak, a number of temporary plant closures has stalled production. The situation has become even worse with the disease spreading worldwide, especially in the matured markets of North America. Thus global fused silica market in North America & East Asia is poised to grow sluggishly for the next one or two years.
These regions are the largest smartphone manufacturers, thus accounting for the bulk of fused silica demand for its camera optics. Hence, fused silica market is forecast to recover its pace once smartphone manufacturing in these regions regains its full momentum.
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Global Fused Silica Market Manufacturers: Key Strategies
The global fused silica market is fairly fragmented in nature. Imerys Refractory Minerals, 3M, Corning, Vesuvius and Morgan Advanced Materials are among the Tier 1 players. Together, they are anticipated to account for nearly half of the global market share in 2020. Key manufacturers are observed to be involved in material optimization, manufacturing technological automation, and productivity enhancement.
Prominent manufacturers have also been backward integrating their manufacturing facilities. For instance, Corning has long been characterized as a glass supplier for specialty photonic application. However, the company is also vertically integrated and produces fused silica for in-house consumption as well as supplies to other glass manufacturing companies.
“By vertical integration, stakeholders are targeting the advanced grades of fused silica optics such IR, UV and mirror grade to supplement the high demand requirements from fastest-growing electronic industries.” says a Fact.MR analyst.
COVID-19 Impact Insights
The coronavirus pandemic has brought the whole world to a standstill. Business activities have registered a downturn in the form of dwindling sales due to reduced production and demand. The same is true for the fused silica market. One of the prominent end uses of fused silica is in the manufacturing of smartphones.
The ongoing pandemic has led to a falling demand for smartphones, in the wake of disrupted supply chains. Extended lockdowns in different countries have resulted in zero shipments of smartphones for the past month, as key manufacturing units and factories are shut.
Even after the lockdown is lifted, it will take at least a few weeks to restore production to normal. Thus, decreasing smartphone sales in second quarter of 2020 will have prolonged effects on the global fused silica market.
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About the Report
Fact.MR published an exclusive forecast report for fused silica market between 2020 and 2030. The foremost objective of this report on fused silica market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the fused silica market. Also, the study on fused silica market addresses key dynamics, which are expected to diversify the sales and future prominence of fused silica market.
The report on fused silica market begins with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of fused silica market elaborating on the key segments.
Also, the report outlines visionary insights on dynamics fused silica market including drivers, restraints, opportunities and trends and pricing analysis along with the key buying factors for fused silica.
Supply chain analysis and pricing analysis of fused silica market along with the difference between fused silica used as per applications have also been included in the report to help the readers clearly understand the product framework map in fused silica market.
Fused Silica Market Segmentation
Fact.MR has studied the fused silica market with detailed segmentation on the basis form, application, end use industry and key regions.
- Investment Casting
- Glass Substrates
- Electronics & Semiconductor
- Solar Industries
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa (MEA)
This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Fused Silica Market- Scope of the Report
The recent study by Fact.MR on fused silica market offers a 10-year forecast between 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of fused silica market.
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of fused silica. The study also provides dynamics that are responsible for influencing the future status of the fused silica market over the forecast period.
A detailed assessment of fused silica value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the fused silica market along with their product portfolio enhances the reliability of this comprehensive research study.
Fused Silica Market: Report Summary
The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in fused silica market across the globe.
A comprehensive estimate on fused silica market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of fused silica during the forecast period. Price point comparison by region with global average price is also considered in the study.
Fused Silica Market: Analysis on Market Size Evaluation
Fused silica market has been analyzed for each market segment, in terms of volume (KT) and value (US$ Mn).
Market estimates at global and regional levels for fused silica is available in terms of “US$ Mn” for value and in “KT” for volume. A Y-o-Y growth contrast on prominent fused silica market segments, along with the market attractiveness evaluation has been incorporated in the report. Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global fused silica market.
Fused Silica Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the fused silica report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of fused silica market during the forecast period.
Country-specific valuation on demand for fused silica has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Fused Silica Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of the fused silica along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the fused silica, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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