Global Quartz Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

The Global Quartz Market size is valued at USD 6.54 Billion in 2023 & is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2024-30.

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Global Quartz Market Dynamics: 2024-2030

Global Quartz Market Driver:

Rising Hospitality Projects Uplifting the Demand for Quartz– In recent years, tourism across the globe has significantly increased due to the rise in business travel & medical tourism. Based on the statistics by the United World Tourism, International tourist arrivals in the American countries have reached approximately 90% of the pre-pandemic levels. This surge in tourism is leading to the requirement for accommodation facilities. As a result, several hotel groups are expanding their hotels across the region. For instance, as per the statistics by Lodging Econometrics (LE), as of Q4 2023, there are approximately 6,160 under-construction hospitality projects. These hotels & resorts essentially require quartz products for making countertops, flooring, and wall cladding. In addition, quartz products offer aesthetic appeal and resemble to natural stones like granite & marble. Therefore, the developers are using quartz to furnish high-end & luxury surfaces, further amplifying the Global Quartz Market.

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Global Quartz Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Type

-Quartz Surface & Tile- Market Size & Forecast 2019-2030, (Thousand Tons)

-High-purity Quartz- Market Size & Forecast 2019-2030, (Thousand Tons)

-Quartz Glass- Market Size & Forecast 2019-2030, (Thousand Tons)

-Quartz Crystal- Market Size & Forecast 2019-2030, (Thousand Tons)

-Quartz Sand- Market Size & Forecast 2019-2030, (Thousand Tons)

-Others- Market Size & Forecast 2019-2030, (Thousand Tons)

By End User

-Building & Construction - Market Size & Forecast 2019-2030, (Thousand Tons)

-Medical- Market Size & Forecast 2019-2030, (Thousand Tons)

-Electronics & Semiconductor-Market Size & Forecast 2019-2030, (Thousand Tons)

-Solar- Market Size & Forecast 2019-2030, (Thousand Tons)

-Optical Fiber & Telecommunication- Market Size & Forecast 2019-2030, (Thousand Tons)

-Others- Market Size & Forecast 2019-2030, (Thousand Tons)

The Electronics & Semiconductor industry holds the dominant market share in the Global Quartz Market.

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific.

Geographically, Asia-Pacific holds a dominant market share in the Global Quartz Market.

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Top Companies Operating in the Global Quartz Market:

-The Quartz Corporation

-Quality Quartz Engineering

-Momentive Technologies

-Saint Gobain Quartz

-Kyocera Corporation

-Pokarna Group

-AGC Inc.

-Nihon Dempa Kogyo Co. Ltd.

-Caesarstone Ltd.

-Swift Glass Company.

Industry Recent Development:

• 2024 Years: Kyocera Corporation announced the commencement of its new manufacturing facility in the US. The unit would develop FC-cut crystals & quartz in the forecast period.
• 2023 Years: Sibelco one of the top industrial minerals providing companies, announced a major expansion of its Spruce Pine Facility in the US, with an estimated $200 million investment between 2023 & 2025 to double HPQ (High Purity Quartz) installed capacity.

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