Global Quartz Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Global Quartz Market size is valued at USD 6.54 Billion in 2023 & is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2024-30.
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Global Quartz Market Dynamics: 2024-2030
Global Quartz Market Driver:
Rising Hospitality Projects Uplifting the Demand for Quartz– In recent years, tourism across the globe has significantly increased due to the rise in business travel & medical tourism. Based on the statistics by the United World Tourism, International tourist arrivals in the American countries have reached approximately 90% of the pre-pandemic levels. This surge in tourism is leading to the requirement for accommodation facilities. As a result, several hotel groups are expanding their hotels across the region. For instance, as per the statistics by Lodging Econometrics (LE), as of Q4 2023, there are approximately 6,160 under-construction hospitality projects. These hotels & resorts essentially require quartz products for making countertops, flooring, and wall cladding. In addition, quartz products offer aesthetic appeal and resemble to natural stones like granite & marble. Therefore, the developers are using quartz to furnish high-end & luxury surfaces, further amplifying the Global Quartz Market.
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Global Quartz Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Type
-Quartz Surface & Tile- Market Size & Forecast 2019-2030, (Thousand Tons)
-High-purity Quartz- Market Size & Forecast 2019-2030, (Thousand Tons)
-Quartz Glass- Market Size & Forecast 2019-2030, (Thousand Tons)
-Quartz Crystal- Market Size & Forecast 2019-2030, (Thousand Tons)
-Quartz Sand- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons)
By End User
-Building & Construction – Market Size & Forecast 2019-2030, (Thousand Tons)
-Medical- Market Size & Forecast 2019-2030, (Thousand Tons)
-Electronics & Semiconductor-Market Size & Forecast 2019-2030, (Thousand Tons)
-Solar- Market Size & Forecast 2019-2030, (Thousand Tons)
-Optical Fiber & Telecommunication- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons)
The Electronics & Semiconductor industry holds the dominant market share in the Global Quartz Market.
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Geographically, Asia-Pacific holds a dominant market share in the Global Quartz Market.
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Top Companies Operating in the Global Quartz Market:
-The Quartz Corporation
-Quality Quartz Engineering
-Momentive Technologies
-Saint Gobain Quartz
-Kyocera Corporation
-Pokarna Group
-AGC Inc.
-Nihon Dempa Kogyo Co. Ltd.
-Caesarstone Ltd.
-Swift Glass Company.
Industry Recent Development:
- 2024 Years: Kyocera Corporation announced the commencement of its new manufacturing facility in the US. The unit would develop FC-cut crystals & quartz in the forecast period.
- 2023 Years: Sibelco one of the top industrial minerals providing companies, announced a major expansion of its Spruce Pine Facility in the US, with an estimated $200 million investment between 2023 & 2025 to double HPQ (High Purity Quartz) installed capacity.
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