Quartz Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The quartz market was valued at around USD 6.1 billion in 2020, and the market is projected to register a CAGR of more than 5% during the forecast period (2021-2026).
COVID-19 has halted the supply chain of several industries, including electronics and semiconductors, building and construction, automotive, etc., around the world. This, in turn, adversely affected the demand for quartz in these industries. The usage of solar power has increased, but this alone could not lift the market back. European Construction Industry Federation (FIEC) stated that there is a 20% fall in the construction activity in Europe for the year 2020, compared to 2019. However, as the lockdowns were lifted in most of the countries around the world, the market is expected to recover, owing to the production being resumed in most of the industries.
Key HighlightsThe quartz market is fragmented in nature. The major players of the market studied include the Jiangsu Pacific Quartz Co. Ltd, NIHON DEMPA KOGYO CO. LTD, AGC Inc., The Quartz Corporation, and Sibelco, among others.
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