Synthetic Silica Glass Market

Synthetic Silica Glass Market Growth Outlook (2023 to 2033)

Synthetic silica glass has noticeable demand across various end-use industries due to its excellent thermal, mechanical, and optical qualities in the fields of electronics, optics, aerospace, and telecommunications, among others.

Synthetic silica glass is also witnessing significant demand from the end use industries such as semiconductors, automotive, healthcare, and medical, among others. On the back of such factors, the synthetic silica glass market reached a valuation of US$ 1,161.3 million in 2023 and is expected to reach US$ 2,021.6 million in 2033 creating an absolute $ opportunity of US$ 860.3 million growing at a CAGR of 5.7% during the forecast period.

Report Attributes	Details
Synthetic Silica Glass Market Size (2022A)	US$ 1,098.7 Million
Estimated Market Value (2023E)	US$ 1,161.3 Million
Forecast Market Value (2033F)	US$ 2,021.6 Million
Global Market Growth Rate (2023-2033)	5.7% CAGR
US Market Share Growth Rate (2023-2033)	6.2% CAGR
China Market Forecast Market Value (2033F)	US$ 422.5 Million
Key Companies Profiled	Asahi Glass Co. Hubei Feilihua Quartz Glass Co.Ltd. Nikon Tosoh SGM Corporation’s WEINERT

Comprehensive Analysis of the Synthetic Silica Glass Market

Electronics, optics, aerospace, and telecommunications are among some industries that use synthetic silica glass, sometimes mentioned as synthetic silica glass or synthetic quartz. This high-purity material has a variety of uses.

Due to its significant transparency and minimal optical loss, it is widely used in optical components and fiber optics. The upward trajectory of telecommunication and internet use has provided an upsurge in demand for such products in the production of optical fibers. It has become the material of choice for making optical fibers due to its high level of purity, transparency, and low optical loss qualities, which serve to assure the minimization of signal loss during light transmission.

Growing environmental awareness to have a longer-term impact on the market. As people's understanding of the significance of environmental protection and sustainability grows. There will be a growing demand for eco-friendly materials. Such factors will help in the target product’s increased appeal among people in the near future due to its known simple recycling ability.

• Short Term (2023-2026): Synthetic silica glass is witnessing growth across booming semiconductor and electronics industries worldwide due to its properties such as high purity, thermal stability, and others. This is likely to boost the market’s growth.
• Medium Term (2026-2029): The medium-term expansion of the market is fueled by the increased use of synthetic silica glass in optical fibers. Its use in the communication industry is growing owing to its importance for long-distance and high-bandwidth data transmission. Hence, the adoption of synthetic silica glass across communication industries to propels market growth during the forecast period.
• Long Term (2029-2033): With the shift in consumer demand towards sustainable and eco-friendly solutions market players operating the market are investing heavily in research and development to introduce products that can meet the current and future generations’ needs and government regulations. Hence, efforts led by the market players remain a prominent factor to drive market growth in the long run.

On the back of the aforementioned facts, the synthetic silica glass market is anticipated to grow at a CAGR of 5.7% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.

Market share analysis of synthetic silica glass based on end-use industry and region is provided in a nutshell in the above image. Under the end use industry segment, the electronics and semiconductor sub-segment is expected to dominate with a 28.6% market share in 2023.

Market Dynamics Outlook

“Market to Benefit from Significant Demand from Telecommunication Services Such as 5G”

Synthetic silica glass-based glass is selected to provide the first-ever 5G mobile telecommunications service launched by NTT DOCOMO, INC., AGC Inc., and Ericsson. The rising need for internet services worldwide has forced manufacturers to come up with newer technologies and services. First came 3G then 4G internet services, and still the hunger for high-speed internet is rising.

Top service providers such as NTT DOCOMO, INC., AGC Inc., and Ericsson working hard to give customers with fast network supply. Synthetic silica glass-based antenna capable of transmitting and receiving 28 GHz 5G radio signals for stable, high-speed mobile communication in buildings, vehicles, and trains is in high demand. This situation is likely to propel demand growth in the synthetic silica glass market.

“Factors Restraining the Growth of the Synthetic Silica Glass Market”

Synthetic silica glass is not a standalone finished product, it is a consumable product that finds application across various end-use industries. Some of the end-use industries such as foundry & investment casting represent cyclical behavior in terms of demand, which in turn might affect the demand for synthetic silica glass.

As a result of derived demand from end-use industries, the growth and profitability of the synthetic silica glass market depend on the growth and profitability of end-user industries. This, in turn, could become a major challenge for market players operating in the global market.

Country-wise Insights

What are the Factors Driving Synthetic Silica Glass Demand Across India?

In December 2022, the teledensity of rural users reached 57.69% in India. Also, the Department of Telecommunications received a budgetary allocation of US$ 11.92 billion in the Union Budget 2023–24. Out of this, US$ 48.88 million is earmarked for research and development and US$ 611.1 million is set aside for Bharatnet.

As a result, the Indian telecoms industry is expected to experience significant development with such quick growth, driven by rising smartphone penetration, internet usage, investment by the government, and digitalization. Since the target product is in great demand for the creation of optical fibers, it will help the telecom industry grow by providing the necessary components for these high-speed data links, which in turn will boost the target market's growth.

Why U.S. Synthetic Silica Glass Market is Flourishing?

The United States is a significant market for the global semiconductor industry and a global leader in research and development fields. A noteworthy portion of the American economy comes from the semiconductors industry, worth slightly about 74 billion dollars in 2022. Since such material is used so extensively in the semiconductor sector, it will enhance the synthetic silica glass industry's expansion in the country.

With one of the largest defense budgets in the world and significant spending on military gear, the United States has a favorable impact on the target market. Owing to the need from the defense industry for such materials to enhance optic and sensor systems used in the protective windows for sensors, cameras, and laser systems on military vehicles, planes, and others.

Category-wise Insights

Why Semiconductor Lithography Lens Material Holds Prominent Share?

Semiconductor lithography lens material are gaining traction and are expected to account for a market share of 35.4% in 2023. Semiconductor lithography lens material were valued at US$ 335.1 million in 2022 and are estimated to create an absolute $ opportunity of US$ 306.3 million during the forecast period growing at a rate of 6.4% between 2023 and 2033.

The semiconductor lithography lens material holds a prominent share in the market owing to the fact that it plays a critical role in the semiconductor industry. When it comes to high resolution photography, synthetic silica glass is a great material to employ due to its incredible optical qualities, clarity, and low impurities. These qualities have made it the material of choice among others, hence promoting market expansion and a sizable share of the sub-segment.

Why is Electronics and Semiconductor a Prominent End User of Synthetic Silica Glass?

The growing demand for more powerful electronic devices which needs high-resolution power lithography processes is a significant driver for the growth of the synthetic silica glass market.

As the demand for such devices continues to rise, the electronics and semiconductor industry will require effective synthetic silica glass for enabling precise and efficient chip patterning. Also, its wide use in various applications in semiconductor wafer carriers, optical fiber, laser components, and other essential electronics components makes it a preferred choice of material in these industries. Its high thermal resistance, low coefficient of thermal expansion, and chemical inertness make it a reliable choice for various semiconductor manufacturing processes as well.

Eminent Player’s Key Stratagems

Prominent players operating in the synthetic silica glass market are Asahi Glass Co., Hubei Feilihua Quartz Glass Co. Ltd., Nikon, Tosoh SGM Corporation, and WEINERT.

To create innovative and advanced synthetic silica glass, manufacturers are spending on research and development. By providing products with greater performance, durability, and environmental friendliness, they are likely to keep one step ahead of the competition.

• In June 2023, In order to purchase CBI Electric Telecom Cables (Pty) Ltd in Brits, North West Province, South Africa, WEINERT has entered into agreements with both ATC (Pty) Ltd and Powertech Telecom Cables (Pty) Ltd.
• In December 2022, WEINERT announces the completion of the acquisition of the assets for the production of fiber optical assemblies for specialty markets from BizLink Group.

Fact.MR has provided detailed information about the price points of key manufacturers of synthetic silica glass positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Synthetic Silica Glass Industry Research

• By Application :

  • Optics Manufacturing
  • Semiconductor Lithography Lens Material
  • FPD Lithography Equipment Lens Material
  • Photomask Substrate
  • Glass Wafer
  • Lab ware Manufacturing
  • Photovoltaic Manufacturing
  • Other Applications (not covered elsewhere)

• By End-Use Industry :

  • Aerospace and Defense
  • Electronics and Semiconductor
  • Automotive
  • Healthcare and Medical
  • Telecommunications
  • Energy and Power Generation
  • Chemical and Petrochemical
  • Research and Development

• By Region :

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