High Purity Quartz Market: Introduction
The
global high purity quartz market was valued at ~US$ 800 Mn in 2019 and
is anticipated to expand at a CAGR of ~6% during
the forecast period. The global high purity quartz market is driven by increase
in demand for high purity quartz in the global semiconductor industry. Asia
Pacific accounts for a major share of the global high purity quartz market, led
by high demand for high purity quartz among manufacturers of solar products.
Key Drivers of High Purity Quartz Market
High
purity quartz is a special feedstock, which is used in industries that entail
high-tech applications (for instance, the solar industry). The high purity
quartz sand is a highly cost-effective solution to meet the consistently
increasing requirements in terms of quality standards in the solar industry.
The solar industry has gained prominence, as solar is a key source of renewable
energy. Several countries across the globe are undertaking solar projects in
order to save non-renewable sources of energy. Solar power involves the
conversion of energy from sunlight into electricity by using photovoltaic (PV)
cells. The high purity quartz sand is the raw material used to produce
crucibles, which are employed in the solar cell industry. High purity quartz is
employed in several ways in the manufacture of c-Si cells and modules,
including crucibles, quartz glass for tubes, rods, and widows, and silicon
metal. Silicon is the base material for all c-Si PV modules. Large, rectangular
crucibles are used in the manufacture of multi-crystalline silicon for usage in
solar PV cells. Production of monocrystalline silicon requires rounded
crucibles made of purer, solar-grade quartz. Various countries across the globe
are increasingly focusing on clean energy alternatives. The commitment to clean
energy has been evidenced in a number of policy changes globally, as well as
the Paris Agreement. Thus, expansion of the solar industry is projected to
boost the high purity quartz market during the forecast period.
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Expansion of Telecommunication and Optical Fibers
Industries to Offer Lucrative Opportunities to High Purity Quartz Market
Rise
in need for network bandwidth and growth in Internet penetration are driving
the demand for fiber optics. Fiber optics allow transmission over longer
distances with less loss. They are also immune to electromagnetic
interferences. An optical fiber consists of a transparent core surrounded by a
transparent cladding material made from high purity quartz. High purity
quartz-based cladding material is essential to maintain the efficacy of the
transmission line. Apart from telecommunication and data transfer, optical
fibers are also increasingly utilized in medical and scientific research. This
is further boosting the demand for high purity quartz. Rapid expansion of the
broadband market and significant investments in 3G/4G/5G infrastructure are
propelling the demand for high purity quartz, particularly among major optical
fiber manufacturers. Most of these manufacturers are based in the U.S. and
China.
Limited Availability of Mines and Lack of Technical
Knowledge about Production to Hamper High Purity Quartz Market
Limited
availability of quartz mines is a prominent factor restraining the high purity
quartz market. Currently, just two notable mines (Spruce Pine, North Carolina,
the U.S.; and Kyshtym, Russia) account for more than 95% share of the global
high purity quartz market in terms of production. Large numbers of mines in
Australia, Canada, Mauritania, Russia, and Norway have reported high purity
quartz possibilities; however, none of these is capable of producing a product
that meets the IOTA standard on an economical and regular basis. Consequently,
prominent quartz companies are focusing on grades capable of producing
poly-silica for the manufacture of solar PV cells. These companies are unable
to enter the high purity quartz market.
High
purity quartz is considered a specialized market, with prominent suppliers
reluctant to disclose their production as well as processing techniques due to
the fear of losing their margins to upcoming players. This is significantly
hampering the entry of a large number of players, even those with fairly high natural
purity (99.9% +). However, a few silica startups are anticipated to introduce
efficient production techniques to cater to the ever-rising demand for high
purity quartz.
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Asia Pacific Dominates High Purity Quartz Market
Based
on region, the global high purity quartz market has been divided into North
America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In
terms of volume and value, Asia Pacific dominated the global high purity quartz
market in 2019. Increase in the number of solar and fabrication plants in the
region is driving the high purity quartz market in Asia Pacific. China and
Japan hold major share of the market in the region, owing to the presence of a
promising semiconductor industry in these countries. Key players prefer
investing in Asia Pacific, as the region has presence of natural reserves such
as mineral deposits and abundant availability of labor. North America is
another significant consumer of high purity quartz, with the presence of a
large number of players, high-purity deposits, and manufacturing facilities in
the region.
Consolidated Nature of High Purity Quartz Market
Competition
in the high purity quartz market is sustained due to varying market shares of
major, well-established players. Unlike other industrial mineral sectors, the
global high purity quartz market witnesses limited competition, with two
producers accounting for more than 80% share of the global production. This
implies that prices remain fairly steady. Covia Holdings Corporation held 72.30% share
of the global high purity quartz market in 2019. The Quartz Corp.,
another major player in the market, constituted 10.30% share
in 2019.
China-based
manufacturers occupied 7.50% share
of the global high purity quartz market in 2019. Deposits of quartz in China
are not of high purity. The country purchases high purity quartz from the U.S.
and Europe.
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