Global High Purity Quartz Sand Market Report Insights
The global high purity quartz sand market has witnessed a moderate growth rate at a CAGR of 3.5% over the past half-decade. However, few factors such as the ongoing COVID-19 outbreak and the U.S.-China trade war are having an adverse effect on the high purity quartz sand market space. Price surge for U.S.-origin high purity quartz sand of more than 7% has been observed since tariff imposition in 2018.
Despite supplier concentration of more than 90% in North America, speculation over a rise in the demand for Chinese origin high purity quartz sand is set to be observed over the mid-term forecast period. The market is showing signs of recovery, but on the supply side, major price point pressure may be observed till the end of the mid-term forecast period.
According to Fact.MR, the market is set to decline again in the first quarter of FY2021 by near threefold, and is set to resurrect moderately by mid-FY2024. The growth rate of the high purity quartz sand market extensively relies on the semiconductor and solar energetics market growth. Since the past half-decade, semiconductor and solar energetics collectively grew by more than 7% CAGR. This has provided enough leverage for expansion of the high purity quartz sand market size.
High Purity Quartz Sand Market Analysis by Grade
Since the past half-decade, 5N purity has captured a major chunk of the high purity quartz sand market, but with the advent of advanced semiconductor products, demand for more than 5N grade is set to rise over the mid-term forecast period (ultra high purity quartz sand). 3N and 4N hold significant shares in the market, but are set to lose more than 50 BPS by the end of 2030.
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High Purity Quartz Sand Market Application Insights
High purity quartz sand is extensively utilized to manufacture semiconductors, and key consumers of high purity quartz sand are General Electric, IBM, Motorola, Intel, Apple, and numerous other players positioned across the globe. Followed by semiconductor application, solar energetics capture around one-third of the high purity quartz sand market share. Solar energetics applications are set to grow at a rapid pace among all other applications. High purity quartz sand market growth could largely be assessed in accordance with monocrystalline solar market growth.
Regional Outlook of High Purity Quartz Sand Market
East Asia and South Asia & Oceania accounts for the largest market share in 2020, and are set to maintain their dominance till the end of the forecast period, owing to the positioning of key manufacturers in these regions, especially in East Asia and ASEAN countries. Followed by East Asia and South Asia & Oceania, North America is set to capture nearly a quarter of the global market, owing to the positioning of key consumers such as GE, IBM, and others in the region.
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High Purity Quartz Sand Market Manufacturers: Key Strategies
The global high purity quartz sand market is highly monopolistic in nature. Sibelco and The Quartz Corp are among the tier 1 players in this space. According to Fact.MR estimates, together, they account for more than 85% of the global market share. Key manufacturers are observed to be involved in extensive research to reduce the cost of the product, to enhance their market share. Chinese high purity quartz sand manufacturers will remain under the spotlight over the short term and mid-term, owing to low price points as compared to U.S. manufacturers.
COVID-19 Impact on High Purity Quartz Sand Market
The COVID-19 pandemic has affected the European Union and the Middle East in the 2nd quarter of FY2020. In the mid-3rd quarter of FY2020, these regions have gained pace and are set to experience economic growth. COVID-19 has impacted the market on a macro-level; job losses and reduction in consumption per capita, coupled with rise in savings over investing, have hindered the semiconductor market growth, cascading the effect to the high purity quartz sand market.
The pandemic has added to the ongoing U.S.-China trade war, shrinking the market by near fourfold over the period of Q1 to mid-Q3 of FY2020. On a positive note, lifting of lockdowns in a majority of regions has affected demand positively. Multiple parameters are set to delay the complete resurrection of the high purity quartz sand market till the end of mid-term forecast period.
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High Purity Quartz Sand Market: About the Report
Fact.MR has published an exclusive forecast report on the high purity quartz sand market for 2020 and 2030. The foremost objective of this report is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the high purity quartz sand market. The study on the high purity quartz sand market also addresses key dynamics that are expected to diversify the sales and future prominence of the high purity quartz sand market.
The report on the high purity quartz sand market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the high purity quartz sand market, elaborating on key segments. The report outlines visionary insights on the dynamics of the high purity quartz sand market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with key buying factors for high purity quartz sand.
Supply chain analysis and pricing analysis of the high purity quartz sand market, along with the difference between high purity quartz sand used as per application, have also been included in the report to help readers clearly understand the product framework map in the high purity quartz sand market.
High Purity Quartz Sand Market: Segmentation
Fact.MR has studied the high purity quartz sand market with detailed segmentation on the basis of grade, application, and key regions.
- Solar Energetics
- North America
- East Asia
- South Asia & Oceania
- Rest of the World
“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.”
High Purity Quartz Sand Market- Scope of the Report
A recent study by Fact.MR on the high purity quartz sand market offers a 10-year forecast for 2020 and 2030. The study analyzes crucial trends that are currently determining the growth of the high purity quartz sand 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 high purity quartz sand. The study also provides dynamics that are responsible for influencing the future status of the high purity quartz sand market over the forecast period.
A detailed assessment of the high purity quartz sand value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the high purity quartz sand market along with their product portfolios enhances the reliability of this comprehensive research study.
High Purity Quartz Sand Market: Report Summary
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the high purity quartz sand market across the globe.
A comprehensive estimate on the high purity quartz sand market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of high purity quartz sand during the forecast period. Price point comparison by region with global average price is also considered in the study.
High Purity Quartz Sand Market: Analysis on Market Size Evaluation
The high purity quartz sand market has been analyzed for each market segment, in terms of volume (Tons) and value (US$ Mn).
Market estimates at global and regional levels for high purity quartz sand is available in terms of “US$ Mn” for value and in “Tons” for volume. A Y-o-Y growth contrast on prominent high purity quartz sand market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all 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 perspectives in the global high purity quartz sand market.
High Purity Quartz Sand Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the high purity quartz sand market report, which have helped deliver projections on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the high purity quartz sand market during the forecast period.
Country-specific valuation on demand for high purity quartz sand has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the 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 and volume for emerging countries has also been included in the report.
High Purity Quartz Sand Market: In-Depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of high purity quartz sand, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of high purity quartz sand has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
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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.
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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.
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