Global Quartz Glass Market Report

Date: 17 July 2019

According to a research report published by Azoth Analytics in June 2019, the Global Quartz Glass Market was valued at USD 3.85 billion in the year 2018. Global Quartz Glass market is expected to grow mainly due to rapid urbanization in emerging economies, rising per capital income and increasing global economy coupled with high industrialization.

The Azoth Analytics research report titled Global Quartz Glass Market has analysed and segmented the Quartz Glass Market by Value (USD Million). The report has also further analysed the Quartz Glass Market By Product Type (High Purity Quartz Glass, Ordinary Quartz Glass) and By End-User Industry (Lamp and Lightning, Semiconductor, Communication, Photo voltaic, Others). The Global Quartz Glass Market has been analysed By Region (Americas, Europe, Asia Pacific, ROW) and By Country (United States, Canada, Mexico, Brazil, France, Germany, United Kingdom, China, India, Japan, South Korea) for the historical period of 2014-2018 and the forecast period of 2019-2024.

Global Quartz Glass market is primarily driven by growing urbanization and major initiatives taken by the government in developing countries for safe and pollution free environment. Additionally, the market is driven by the ongoing expansion of the industry and increasing use of advanced technologies coupled with growing consumer demand for cleaner energy. Moreover, increasing consumption of quartz in solar sector as well as rising demand of high purity quartz in semiconductor industry are some of the prominent factors driving the growth of the market.

The market condition of quartz glass has witnessed gradual improvement in most regions since late 2017. Over the short and medium term, demand of Quartz Glass is expected to see an upsurge on account of increasing demand in various sectors such as semiconductor industry, lamp & lightning industry, photo voltaic industry, etc. Growing per capita income and change in consumer’s preference towards aesthetic properties will boost the demand of Quartz Glass. Also, the Lamp & Lightning industry segment is expected to show the highest growth in the forecast period, followed by semiconductor industry segment. The Asia Pacific region holds the largest market of quartz glass as growing economies in South East Asian countries are strengthening and positive demographic outlooks point to long-term growth opportunities in manufacturing sector of the region. Moreover, major quartz glass manufacturing companies comes from Asia Pacific and it is estimated that Asia Pacific region will continue to hold largest market share in forecasted period with highest growth rate.

Industry 4.0 revolution and emerging technologies in development of quartz crystal makes production more efficient and competitive. Companies equipped with these new edge technologies will likely to gain market share in the forecast period.