Synthetic Quartz Market - Forecast(2023 - 2028)

Synthetic Quartz Market Overview

The Synthetic Quartz Market size is forecast to reach US$124.8 million by 2027, after growing at a CAGR of 5.6% during 2022-2027. Synthetic Quartz is typically composed of crystal quartz and resins, grown by hydrothermal synthesis method in autoclaves using specially prepared and initially oriented plates called seed crystals. Thera are two types of synthetic quartz - synthetic quartz crystal and synthetic quartz glass which are widely used in various end-use industries such as automotive, electronics and others. The rise in the end-use industries would eventually drive the market. For instance, the total production of the Japanese Electronics Industry is valued at US$5777.63 million in May 2022, which is 93.6% higher as compared to the numbers in May 2021. Therefore, the rise in the production of electronics products would boost the Synthetic Quartz Market due to its usage to make durable molding gaskets, packaging material for electronic accessories and maintenance material for automobile electronic accessories. Also, the rise in the building & construction sector would further flourish the market growth. However, the global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in demand for electrical and electronic, consumer goods and others, all across the world. This had a significant impact on the growth of the Synthetic Quartz industry.

Synthetic Quartz Market Report Coverage

The “Synthetic Quartz Market Report – Forecast (2022 - 2027)” by Industry ARC, covers an in-depth analysis of the following segments in the Synthetic Quartz industry.

Key Takeaways

• The Asia-Pacific region dominates the Synthetic Quartz Market with an estimated CAGR of 7.2% during the forecast period 2022-2027 owing to the rising growth in the electronics, automotive and industrial sectors in various countries such as China, India, Japan and South Korea.
• The rising demand for Synthetic Quartz crystal-based products such as a cooktop, semiconductor materials, precision optics, foundry materials, watches & clocks, glassmaking, jewelry and gemstones are anticipated to raise the demand for Synthetic Quartz due to their high internal crystalline perfection and optical homogeneity properties.
• The rising usage of lumbered quartz crystals, seed crystals and synthetic quartz glass in large-scale integration of semiconductors and others in various end-use industries would drive the demand for the synthetic quartz market during the forecast period.

Figure: Synthetic Quartz Market Revenue Share, by Geography, 2021 (%)

For More Details On this report - Request For Sample

Synthetic Quartz Market Segment Analysis – by Grade

The Synthetic Quartz crystal segment held the largest Synthetic Quartz Market share in 2021 and is expected to grow at a CAGR of 6.9% during 2022-2027. The growing demand for synthetic quartz crystal in the production of jewelry and gemstones, foundry materials, watches and clocks due to the hard, polishable, crystalline and durable nature of quartz make it an excellent material for various uses. In jewelry and gemstone products, the synthetic quartz crystal is popularly used in the production of various gems & jewelry which include citrine, amethyst, ametrine, rose quartz, aventurine and opal. The growth of the gem & jewels market would flourish the market demand. For instance, according to the India Brand Equity Foundation, the gems & jewels market size in India is expected to reach US$100 billion by 2025. Therefore, rising global synthetic quartz crystal-based product manufacturing is the key factor boosting the Synthetic Quartz market size during the forecast period.

Synthetic Quartz Market Segment Analysis – by End-use Industry

The electric & electronics industry held a significant Synthetic Quartz Market share in 2021 and is estimated to grow at a CAGR of 7.1% during the forecast period 2022-2027. Synthetic quartz is widely used for various electronics applications to give an accurate frequency for all radio transmitters, GPS transmitters, radio receivers and computers as synthetic quartz is unaffected by most solvents and remains crystalline to hundreds of degrees Fahrenheit. The rise in the production of the electronic sector would drive the market. For instance, as per Consumer Technology Association (CTA), U.S. Consumer Technology sales are valued at US$461 billion in the U.S. in 2021, after a rise of 4.3% on a year-over-year basis. Such growth in the electronics sector globally is expected to bolster the requirement for Synthetic Quartz. This, in turn, would propel the growth of the Synthetic Quartz market size during the forecast period.

Synthetic Quartz Market Segment Analysis – by Geography

The Asia-Pacific region dominated 43% of the Synthetic Quartz Market share in  2021, owing to the rising electronics, automotive, aerospace and medical device production in the region owing to resistance to acids, corrosion, high temperatures, wear, impact, compression, bending and infiltration. The high-purity quartz and high-quality crystals are almost as good as the natural quartz crystals which are used in electronics products, semiconductor material, solar sector, photomasks and lithographic tools. According to the Ministry of Industry and Information Technology, the electronic information manufacturing industry of China recorded steady growth in revenue and profits in 2021. The operating revenue of the industry amounted to about US$2.2 trillion in 2021, up by 14.7% year on year. Also, as per Invest India, the electronic components market is expected to reach US$191.8 billion by 2022 globally, of which the Asia-Pacific region is likely to capture a dominant share. Such increasing production in the APAC countries is anticipated to increase the demand for Synthetic Quartz market size in the forecast period.                 

Synthetic Quartz Market drivers

Rising demand high purity quartz from the semiconductor industry:

High-purity quartz products offer superior quality and excellent purity, ideally found in their application in the semiconductor industry. In the semiconductor industry, high-purity quartz is used to produce crucibles and quartz glass products, such as quartz caps, opaque quartz rings, windows, tubes and rods. Holders of semiconductor wafers are composed of rods and ingots made from fused quartz glass. Also, the major use of semiconductors is seen mostly in the electronics industry. The U.S. semiconductor industry has been a leader in technological development worldwide for over 50 years. Thus, high-purity quartz is the most preferred material to enhance the performance of products in the semiconductor industry. According to the Semiconductor Industry Association (SIA), global semiconductor industry sales were US$51.8 billion in May 2022, an increase of 18% over the May 2021 total of US$43.9 billion. They were also 1.8% more than the April 2022 total of US$50.9 billion. Therefore, the rise in the growth of the semiconductor industry would fuel the Synthetic Quartz market size in the coming years.

Growing adoption of high purity synthetic quartz in the solar industry:

High-purity quartz is one of the major raw materials used in the solar cell industry to produce crucible sand. Solar is booming globally due to the low cost of solar energy production and efficiency. The most economical option for meeting the steady rise in quality requirements in the solar industry is highly pure quartz sand. For all c-Si PV modules, silicon is considered the base material. In the production of multi-crystalline silicone for use in solar PV cells, large rectangular crucibles are used. Also, monocrystalline silicon processing includes rounded crypts made of pure solar quartz. Thus, the rise in the growth in the production of solar energy would boost the market growth. Numerous countries around the world are focusing on renewable sources of clean energy. According to the U.S. Energy Information Administration, the U.S. utility-scale solar generating capacity would grow by 21.5 GW in 2022. Therefore, the growth of the solar industry is projected to fuel the global market for Synthetic Quartz during the forecast period.

Synthetic Quartz Market Challenges

The high cost of high-purity quartz and volatile raw material price:

The raw material is one of the major factors for any market growth. Every industry such as electronics and automobiles has an adverse effect on increasingly volatile raw material prices. The reduced accessibility of raw materials plays a decisive role in this. As trade restrictions continue to grow, the purchase of raw materials becomes difficult. Companies requiring industrial raw materials for synthetic quartz production, in particular, face major challenges. Synthetic quartz with high purity is particularly used in the microelectronics & electronics industries and is considered one of the most important materials. The price of high-purity quartz begins at 5,000 dollars per ton and can sometimes be priced higher than 5,000 dollars per ton. Therefore, the higher price of high-purity Quartz and the volatile price of raw materials may hamper the market growth.

Synthetic Quartz Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies players adopt in the Synthetic Quartz Market. The top 10 companies in the Synthetic Quartz Industry include:

1. Shin-Etsu Chemical Co., Ltd
2. TXC Corporation
3. Murata Manufacturing Co., Ltd
4. Nihon Dempa Kogyo Co., Ltd
5. Seiko Epson Corporation
6. Kyocera Corporation
7. Nihon Dempa Kogyo
8. CoorsTek, Inc
9. Asahi Glass Co. Ltd,
10. Universal Quartz

Recent Developments:

• In February 2022, BCNC developed a focus ring, an essential consumable for the semiconductor etching process, with a new material ‘synthetic quartz (quartz)’. This makes it suitable for advanced processes.
• In February 2022, BCNC, the developer of the world's first synthetic quartz material and parts for semiconductors, expanded production capacity by 4 times and would open 'synthetic quartz' semiconductor parts.
• In December 2021, Shin-Etsu Chemical Co., Ltd. developed innovative electrophysiological dry electrodes and high-elasticity wiring materials, which would be used to contribute to the achievement of superior performance characteristics for next-generation wearable devices.

Relevant Reports

Quartz Crystal Oscillators Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: ESR 0315

High Purity Quartz Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 16093

Synthetic Paper Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast Analysis

Report Code: CMR 0235

For more Chemicals and Materials Market reports, please click here