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High Purity Quartz Sand Market

High Purity Quartz Sand Market

High Purity Quartz Sand Market Analysis by Grade (2N, 3N, 4N and 5N High Purity Quartz Sand), by Application (Semiconductors, Solar Energetics, Optics, Lighting) and Region - Global Forecast 2022-2032

High Purity Quartz Sand Market
FACT699MR

High Purity Quartz Sand Market Outlook (2022-2032)

The high purity quartz sand market is expected to be worth US$ 3.4 Billion in 2022 and is expected to reach US$ 5.8 Billion by 2032, increasing at a CAGR of 5.6% between 2022 and 2032.

As of 2021, the market was valued at US$ 3.2 Billion, and is forecast to document a Y-o-Y growth rate of over 5% from 2021-2022.

Report Attributes Details

Anticipated Base Year Value (2021)

US$ 3.2 Billion

Expected Market Value (2022)

US$ 3.4 Billion

Projected Forecast Value (2032)

US$ 5.8 Billion

Global Growth Rate (2022-2032)

5.6% CAGR

Growth Rate of the U.S (2022-2032)

5.4% CAGR

Asia Pacific Growth Rate (2022-2032)

6.5%

Top 5 Companies Market Share in 2021)

48%

Key High Purity Quartz Sand Service Providers

  • American Elements
  • Australian Silica Quartz Pty Ltd.
  • Covia Holdings Corporation
  • Creswick Quartz
  • High purity quartz sand Pty Ltd
  • I-Minerals Inc.
  • Jiangsu Pacific Quartz Co., Ltd.
  • Mineracao Santa Rosa
  • Nordic Mining ASA
  • Russian Quartz LLC
  • Sibelco
  • Sung Rim
  • The Quartz Corp.

High purity quartz sand is also commonly employed in the electronics sector due to its high stability and performance. Furthermore, its piezoelectric capabilities, high melting and curing points make it suitable for use in solar applications.

High purity quartz sand's extremely precise thermal and mechanical qualities make it ideal for sand blasting, scouring cleaners, grit sawing, and sanding. This aforementioned capability is expected to increase its market price by 1.7x between 2022 and 2032.

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High Purity Quartz Sand Market Revenue Analysis 2017-2021 vs. Future Outlook 2022-2032

Fact.MR estimates that international high purity quartz sand consumption has increased at a CAGR of roughly 4.2% over the last half decade. While worldwide volume usage was estimated to be approximately 33 Kilo Tons by the end of 2021. The semiconductor industry was the largest consumer of high quality quartz sand.

Furthermore, high purity quartz sand has gained popularity in the last half-decade and is now widely utilized in watches, radios, and other electronic equipment. Increased usage of high purity quartz sand in solar panel production is expected to expand at a higher single-digit CAGR throughout the projection period. Furthermore, rising investment in the renewable sector is propelling the market for high purity quartz sand.

According to Fact.MR, increased demand for electrical and electronic components will boost high purity quartz sand usage over the next decade, with China and South Korea expected to use the most. Henceforth, the worldwide high purity quartz sand market is anticipated to grow at a CAGR of 5.6% over the assessment period (2022-2032).

High purity quartz sand market forecast analysis by Fact.MR

Prominent High Purity Quartz Sand Industry Growth Drivers

Growing Debate over Clean Energy will Drive Demand for High Purity Quartz Sand

Concerns about carbon emissions have grown in the last half-decade, as have efforts to limit their impact. As a result, firms producing solar panels have witnessed a large increase in income.

Moreover, due to its qualities such as stability, transmissivity, and heat resistance, high purity quartz sand has enabled the development of solar cells. Furthermore, quartz used in photovoltaics must be of high purity, providing an opportunity for high purity quartz sand makers to enter the renewable industry.

Rising Semiconductor and Solar Activity Widening Growth Prospects

Because of its higher quality and purity, high purity quartz is rapidly being employed in the semiconductor sector. High purity quartz allows semiconductor components to endure the high temperatures of wafer manufacturing. The increased use of new-generation wafers in semiconductors is increasing demand for high purity quartz.

Demand for high purity quartz is projected to rise in the near future as the semiconductor and solar sectors expand. Demand for high purity quartz is expected to expand in emerging markets, particularly in Asia Pacific. The worldwide electronics sector is quickly rising as demand for electronics rises in developing nations such as India, China, and South Korea.

Semiconductors and electronics contribute significantly to the demand for high purity quartz-based solutions. Demand for electronics items has increased dramatically in recent years, owing to increased consumer spending in emerging nations, increased demand for solution services, increased capability of cell phones, and increased usage of electric equipment in autos.

An Adaptive Approach to Modern-day Research Needs

Key Challenges Prevalent in the Global High Purity Quartz Sand Market

Adverse Health Implications may Impede Growth Prospects

Despite the fact that high purity quartz sand is widely utilized in a range of building projects, it offers serious health risks to anybody who comes into contact with it. Working with high purity quartz sand in enclosed and poorly ventilated areas increases the risk of silica-related diseases such as silicosis (an untreated lung disease that can lead to death and disability), lung cancer, kidney disease, and COPD (Chronic Obstructive Pulmonary Disease), and certain machines can contribute to the formation of dust clouds.

As a result, precautions must be taken when working on projects that include the usage of this substance. According to the USDL (United States Department of Labor), almost 2.3 million persons in the United States are exposed to silica during work. Thus, the only significant factors projected to impede market growth throughout the forecast period are the health dangers of high purity quartz sand.

Region-wise Analysis

What makes Asia Pacific Growth Driver for High purity quartz sand Consumption?

Asia Pacific is poise to dominate the global high purity quartz sand market, accounting for around 55% of the global volume consumption. Additionally, region is projected to drive with a CAGR of around 6.5% in term of volume from the period 2022-2032.

Estimations are that China and Japan combined will itself account for around 65% of the total high purity quartz sand consumption in Asia Pacific. This will mainly be possible owing to the massive investment in manufacturing of solar PV and semiconductors.

Moreover, the Chinese government is also determined to spend around US$ 350 Billion on clean and renewable energy by 2025 which will drive the quartz market at significant pace in the region. Attributed to above discussed factors Asia Pacific is poised to provide high absolute $ opportunity worth US$ 600 Million over next decade.

What makes Europe a Prominent Region for Driving Consumption of High purity quartz sand?

Europe is leading the clean energy transition with countries such as UK, Denmark and Sweden focusing more on wind turbines and solar panels installations. For instance, Europe plans at installing solar panels at such as rate that 20% of the region’s electricity is produced from solar energy.

Additionally, installations being done at such substantial rate would require manufacturing of PV which would propel high purity quartz sand consumption in Europe. Owing to above discussed factors Europe is poised to provide high absolute $ opportunity worth US$ 800 Million over the year 2022-2032.

Category-wise Insights

What is the Consumption Scenario of High purity quartz sand in Manufacturing Semiconductors?

HPQ application for producing semiconductors has been identified as the second most lucrative segment thus accounting for around 22% of the total volume consumption.

This is mainly attributed to the growing consumption of electronic and electrical appliances mainly in high growth regions such as Asia Pacific. Hence, semiconductor application is estimated to provide absolute $ opportunity worth US$ 600 Million over the coming decade.

Which Applications are expected to have a High Demand for High Purity Quartz Sand?

Deployment to be Maximum across Solar Energetics

Quartz application for solar Energetics is set to gain a significant market share. Solar panel installation costs have grown dramatically over the years all around the world. This has given producers a significant boost, enhancing their income production potential.

For example, solar Energetics application is expected to account for about 35% of total high purity quartz sand in 2022 and to give the biggest absolute $ potential worth US$ 1 Billion throughout the projection period.

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Competitive Landscape

Some of the major players in the high purity quartz sand market include:

  • American Elements
  • Australian Silica Quartz Pty Ltd.
  • Covia Holdings Corporation
  • Creswick Quartz
  • High Purity Quartz Sand Pty Ltd
  • I-Minerals Inc.
  • Jiangsu Pacific Quartz Co. Ltd.
  • Mineracao Santa Rosa
  • Nordic Mining ASA,
  • Russian Quartz LLC 
  • Sibelc, Sung Rim
  • The Quartz Corp.

Major players among the aforementioned entities have expressed interest in vertical integration, which would lessen their reliance on suppliers and provide them with a competitive edge.

  • In February 2022, Australian Silica Quartz Pty. Ltd. announced it had signed a MoU Terms Sheet for permitting exports of silica sand of up to 45,000 tons per month from Marella Road, Bullsbrook in Western Australia. The initiative builds on the ongoing export of silica sand by sea containers

Key Segments Covered in the High Purity Quartz Sand Industry Report

  • High Purity Quartz Sand Market by Grade :

    • 2N High Purity Quartz Sand
    • 3N High Purity Quartz Sand
    • 4N High Purity Quartz Sand
    • 5N High Purity Quartz Sand
  • High Purity Quartz Sand Market by Application :

    • High Purity Quartz Sand for Semiconductors
    • High Purity Quartz Sand for Solar Energetics
    • High Purity Quartz Sand for Optics
    • High Purity Quartz Sand for Lighting
    • High Purity Quartz Sand for Other Applications
  • High Purity Quartz Sand Market by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

As of 2021, Fact.MR estimated the high purity quartz sand market to have reached US$ 3.2 Billion
By 2022, Fact.MR expected demand for high purity quartz sand to reach US$ 3.4 Billion
From 2017-2021, the high purity quartz sand market grew at a 4.2% value CAGR
From 2022-2032, high purity quartz sand demand is likely to surge at a 5.6 % CAGR
By 2032, the market for high purity quartz sand is likely to be valued at US$ 5.8 Billion
By 2032, Fact.MR expects the Asia Pacific market for high purity quartz sand to account for 55% revenue
Solar energetics application is expected to grow at a CAGR of 5% during the forecast period.

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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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