Synthetic Quartz Market Size, Share & Trends Analysis Report By Type (Crystal, Glass), By Application (Electronics & Electrical, Automotive, Construction), By Region, And Segment Forecasts, 2024 - 2030

Synthetic Quartz Market Size, Share & Trends Analysis Report By Type (Crystal, Glass), By Application (Electronics & Electrical, Automotive, Construction), By Region, And Segment Forecasts, 2024 - 2030

Synthetic Quartz Market Size & Trends

The global synthetic quartz market size was estimated at USD 84.67 million in 2023 and is estimated to grow at a CAGR of 5.3% from 2024 to 2030.The growing production of electronic devices amidst technological advancements is propelling the demand for synthetic quartz. Synthetic crystals are composed of silicon dioxide. They offer exceptional stability and precision in electronic devices such as sensors, filters, and oscillators. They are widely used in optoelectronics, electronics, instrument and radio engineering, and precision optical components production, among others. Rising advancements in 5G technology and IoT present lucrative growth opportunities for the market to flourish.

The high durability performance of synthetic quartz crystals makes them applicable in optical devices for steppers in semiconductor manufacturing. As a result, growth in semiconductor manufacturing is anticipated to be one of the key drivers for the market. As per Semiconductor Manufacturing Association, the U.S. chip manufacturing capacity is expected to triple by 2032. This indicates positivity after the U.S. president signed the CHIPS and Scient Act into law.

Further, the solar industry is anticipated to provide lucrative opportunities for the market. In May 2024, a technological breakthrough was published in a study, where scientists in their new proof-of-concept technology used synthetic quartz crystal for trapping solar energy at temperatures over 1000°C. This demonstrates the potential of using green energy to run processes for some carbon-intensive industries such as chemicals, metal, glass, and cement.

Price fluctuations is one of the key restraints faced by the market players. For instance, as per the Q2 2024 performance report of KDS Daishinku Corp., a producer of synthetic quartz, the company’s operating profit declined by 67.9% on y-o-y basis. This decrease was attributed to the price fluctuations and changes in the volumes and product mix.

Global Synthetic Quartz Market Report Segmentation

This report forecasts revenue and volume growth at global, country, and regional levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global synthetic quartz market report on the basis of product, application, and region.

• Product Outlook (Volume, Kilotons; Revenue, USD Million; 2018 - 2030)
• Synthetic Quartz Crystal
• Synthetic Quartz Glass
• Application Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)
• Electrical & Electronics
• Automotive
• Construction
• Others
• Regional Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• UK
• Spain
• Italy
• Asia Pacific
• China
• India
• South Korea
• Central & South America
• Brazil
• Middle East & Africa

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