Quartz (1)

Quartz Market Predicted to Hit US$ 10.4 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled “Quartz Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023–2028.” The study provides a detailed analysis of the industry, including the global quartz market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is Quartz?

Quartz is a naturally occurring mineral that is composed of silicon and oxygen atoms, and its abundance and unique properties make it a highly sought-after material in various industrial sectors. It is a key component of various rocks and geological formations and has unique physical and chemical properties. It is resistant to chemical corrosion and has piezoelectric properties. It also offers enhanced durability, reliability, aesthetics, sustainability, and versatility. As it is widely utilized to create slabs, engineered stone, countertops, tiles, and other decorative elements, the demand for quartz is increasing across the globe.

How Big Is the Quartz Market?

The global quartz market size reached US$ 7.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 10.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023–2028.

Global Industry Trends and Drivers:

At present, the rising demand for high-quality building materials has improved hardness and resistance to wear, heat, and chemical reactions represents one of the major factors strengthening the market growth. Apart from this, the increasing preference for quartz in various construction applications, such as kitchen and bathroom countertops, flooring, and wall cladding, is bolstering the growth of the market. Moreover, the rising number of construction and infrastructure development activities around the world is offering a lucrative growth opportunity to industry players. In line with this, the increasing demand for electronic components, such as oscillators and sensors, is supporting the growth of the market. Furthermore, the rising preference for eco-friendly and sustainable building materials is contributing to the growth of the market.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product:

  • Quartz Surface and Tile
  • High-Purity Quartz
  • Quartz Glass
  • Quartz Crystal
  • Quartz Sand
  • Others

Breakup by End User:

  • Electronics and Semiconductor
  • Solar
  • Buildings and Construction
  • Optical Fiber and Telecommunication
  • Automotive
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

Asahi Glass Co. Ltd., Caesarstone Ltd., Compagnie de Saint-Gobain S.A., Heraeus Holding, Jiangsu Pacific Quartz Co. Ltd., Kyocera Corporation, Momentive Technologies, Nihon Dempa Kogyo Co. Ltd., Quality Quartz Engineering Inc. (Conax Technologies LLC), Sibelco and The Quartz Corporation.

Key highlights of the Report:

  • Market Performance (2018–2023)
  • Market Outlook (2023–2028)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

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