Quartz Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The quartz market is expected to record a CAGR of 4.51% during the forecast period (2022-2027). China is expected to dominate the quartz market in Asia-Pacific, and it is also anticipated to witness the fastest growth.
The COVID-19 pandemic has halted the supply chain of several industries, including electronics and semiconductors, building and construction, and automotive 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. The COVID-19 pandemic has been impacting the global construction industry, with projects facing labor shortages, supply chain issues, and financing pressures. The effects are rippling across the sector, from the initial crisis in China to construction sites around the world. However, as the lockdowns were lifted in most countries around the world, the market is expected to recover due to the production being resumed in most industries.
Key HighlightsThe quartz market is fragmented in nature. Some of these major players include AGC Inc. Nihon Dempa Kogyo Co. Ltd, Quartz Corporation, Sibelco, and Jiangsu Pacific Quartz Co.
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