USD 7.62 Billion
Report ID:
SQMIG15E2581 |
Region:
Global |
Published Date: January, 2025
Pages:
188
|Tables:
69
|Figures:
68
Global Quartz Market size was valued at USD 7.62 Billion in 2023 and is poised to grow from USD 8.0 Billion in 2024 to USD 11.79 Billion by 2032, growing at a CAGR of 4.97% in the forecast period (2025-2032).
The global quartz market is growing rapidly because of the rising demand in different sectors such as construction, electronics, solar energy, and telecommunications. One of the primary factors leading to this growth is the growing usage of quartz surfaces and tiles in residential and commercial building construction. Furthermore, quartz is one of the preferred materials because it is strong, aesthetically versatile, and needs less maintenance. This makes it the perfect material for countertops, flooring, and wall cladding. The latest quartz market trend of home renovation and the utilization of sustainable building materials has increased the demand for engineered quartz products, particularly among developed economies. As per the Census Bureau Monthly Construction Spending report, the manufacturing of wafers, crucibles, and other essential components in the electronics and semiconductor industry is increasing the demand for high-purity quartz.
The production of semiconductors because of the rapid advancement of technologies like 5G, IoT, and artificial intelligence, is also increasing the demand for quartz. The miniaturization of electronic devices and the growth of data centers is also increasing the demand for high-purity quartz, highlighting its importance in the construction sector. The shift to renewable sources of energy globally because of government policies about sustainable energy and increasing investments, has increased the production of solar panels. Therefore, there will be a massive increase in demand for quartz. This is because many countries are trying to meet their renewable energy targets, which is a huge opportunity for the usage of quartz in solar applications. The popularity of independent quartz manufacturers and enhanced manufacturing technology is also increasing because it minimizes expenses and enables customization of quartz, to fulfill customer requirements.
Market snapshot - (2025-2032)
Global Market Size
USD 7.62 Billion
Largest Segment
Quartz Surface and Tiles
Fastest Growth
High-Purity Quartz
Growth Rate
4.97% CAGR
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The global quartz market is segmented into product, end use, and region. Based on product, the market is segmented into quartz surface and tiles, high-purity quartz, quartz glass, quartz crystal, quartz sand, and others. Based on end use, the market is segmented into electronics and semiconductors, solar, buildings and construction, optical fiber and telecommunication, automotive, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Based on product, the quartz surface and tiles segment is dominating with the largest quartz market share. The quartz surfaces and tiles segment is leading in the market because of their increasing demand in every individual house along with the whole building. Due to outstanding durability, stain resistance, scratch resistance, and maintenance features, quartz surfaces are becoming a popular option for countertops, flooring, backsplashes, and wall cladding. The adoption of engineered quartz surface that combines natural quartz with resins, is also increasing because it is versatile, aesthetically appealing, and replicates premium natural stones like granite and marble. Furthermore, growing awareness about green building materials and home renovation and remodeling trends is also increasing the demand for quartz surfaces. With enhancements in manufacturing, quartz tiles are being utilized in large-scale projects, leading to a growth in this segment.
The high-purity quartz segment is expected to witness significant demand growth during the forecast period. The high-purity quartz is the fastest-growing because high-purity quartz is utilized in various different sectors, like electronics, optics, and semiconductors, it is becoming a major factor in the expansion of the quartz market. High-purity quartz is in high demand because of its excellent qualities, like its minimal thermal expansion and good thermal resistance, despite its strict purity criteria. This growth is driven by the necessity for and the improvement of technology. High purity quartz is utilized in an extensive range of applications such as automotive xenon, HID, halogen, and UPH lights. The glass utilized in incandescent lights must have better optical transmission properties and the capacity to endure extremely high temperatures and warm stuns, without getting distorted.
Based on end use, electronics and semiconductors are dominating the quartz market. Quartz plays a vital role in the semiconductor industry because it is utilized in the production of many core components, like wafers, crucibles, and optical windows. The increasing use of semiconductors in consumer electronics, data centers, automotive electronics, and emerging technologies, such as AI, 5G, and IoT, is driving demand. Quartz's excellent thermal stability and chemical resistance make it indispensable in high-temperature and high-precision applications required for semiconductor manufacturing. The increasing demand for compact and energy-efficient electronic devices, along with the push for advancements in computing and communication technologies, ensures sustained growth in this segment. This also shows the importance of quartz in the electronics and semiconductor industry with the growing number of smart devices and increasing incorporation of electronics in everyday applications.
As per quartz market analysis, the buildings and construction segment is expected to be the fastest growing segment. The growing need for high-performance and sustainable building materials is propelling the quartz market's expansion, with the building and construction industry playing a significant role. Quartz surfaces are a popular option for wall cladding, countertops, flooring, and other architectural features because of their strength, adaptability, and aesthetic appeal. The demand is increasing along with the building & construction sector's continuous expansion. The global quartz market is majorly driven by rapid urbanization in developing countries, increasing building & construction activities across the world, and implementation of quartz material for different applications in constructing residential and commercial buildings. Increasing disposable income, changing lifestyle of consumers, rising demand for single-family homes are some of the major factors that is contributing to the growth of the segment.
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North America is dominating with the largest quartz market share. The North America quartz market is boosted by growing construction activity and rising adoption of engineered quartz surfaces in residential as well as commercial projects. An established electronics industry in the region is increasing the demand for high-purity quartz utilized in the semiconductor manufacturing procedure. Rising awareness about sustainable building materials is also supporting the growth of the market in the region. Moreover, the advances in the technology for the manufacturing of quartz and increasing demand for durable and aesthetic countertop solutions are contributing to the expansion of the market across the United States and Canada. These regions have a strong quartz production base, which makes them a big contributor to the market's growth. The official gemstone of South Carolina is amethyst. A few amethysts from South Carolina are used to create jewels and jewelry. These elements are anticipated to support market expansion.
Asia-Pacific region is anticipated to witness the fastest growth during the quartz market forecast period. Due to the region's rising economy and the establishment of government regulations to transition from thermal to solar energy, the quartz market in the region is rapidly expanding. This is one of the major factors that is increasing the demand for quartz glass in the photovoltaic industry. Furthermore, the Asia Pacific region is also hub to many quartz glass manufacturing companies. The presence of prominent players is fuelling the market's expansion. Samsung Radianz, Baoliya, Quarella, Hanwha LandC, and Baoliya are some companies increasing market expansion in the region. These organizations are offering quartz goods to the medical, photovoltaic, building and construction, semiconductor, electronics, and semiconductor industries. The demand for quartz will continue to increase dramatically with the development of these sectors, leading to the growth of the market in the region.
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Rising Demand for Semiconductor ICs
Increasing Demand for Construction and Renovation
High Expense of Extracting and Processing
Increasing Availability of Alternative Materials
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SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the increasing usage of quartz in glass making, abrasive, foundry sand and petroleum industry is boosting the growth of the quartz industry. In glass making the deposit sand is also made from quartz grains, increasing its demand in glass manufacturing. These grains are also utilized in the production of container glass, flat plate glass, specialty glass, and fiberglass. Similarly, quartz is also used as abrasives because the hardness makes quartz an excellent abrasive material. Quartz is also extensively utilized in fabricating various kinds of electronic equipment because of its durability, resistance to corrosion, and extraordinarily high tolerance to chemical and mineral weathering. Quartz is widely utilized in numerous industrial applications for these reasons. Crystals, stones, pebbles, engineered varieties, high-purity varieties, and crucible varieties are all different types of quartz that may be purchased for using in construction and to make aesthetically pleasing structures, leading to the growth of the market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 7.62 Billion |
Market size value in 2032 | USD 11.79 Billion |
Growth Rate | 4.97% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Quartz Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Quartz Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Quartz Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Quartz Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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