Industry: Chemicals and Materials
Published Date: September-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 161
Report ID: PMRREP34772
The U.S. high purity quartz market is estimated to increase from US$125.7 Mn in 2024 to US$185.3 Mn by 2031. The market is projected to record a CAGR of 5.7% during the forecast period from 2024 to 2031. The U.S. market for high-purity quartz is experiencing growth fueled by heightened demand from the electronics industry, the swift proliferation of solar energy systems, and the burgeoning use of advanced optical technologies. Also, innovations in purification technologies are helping manufacturers achieve high purity levels efficiently.
Key Highlights of the Market
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Attributes |
Key Insights |
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U.S. High Purity Quartz Market Size (2024E) |
US$125.7 Mn |
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Projected Market Value (2031F) |
US$185.3 Mn |
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U.S. Market Growth Rate (2024 to 2031) |
5.7% CAGR |
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Historical Market Growth Rate (2019 to 2023) |
5.5% CAGR |
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Category |
Projected CAGR through 2031 |
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Grade - Grade-3 (99.997% to 99.999%) |
8.9% |
The demand for grade-3 (99.997% to 99.999%) is estimated to capture a high CAGR through 2031 among the different grades of high purity quartz. The ultra-high purity HPQ is used in solar and semiconductor industries where it is used for piezoelectric quartz, Semiconductor Quartzware (Inner Layer), Solar Quartzware (Inner Layer), and Semiconductor Wafers and Crucibles manufacturing.
U.S. semiconductor industry has been at the forefront of the supply of chips in semiconductor industry in the past period. Today, about 46% of the global chips are supplied by U.S. companies. As the business is investing in local manufacturing and reducing reliance on China markets, the demand for Grade-3 HPQ in the U.S. is expected to soar in the coming years.
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Application |
Projected CAGR through 2031 |
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Solar PV |
8.7% |
The solar industry has played a crucial role in shaping the renewable future for energy needs. The U.S. solar industry sector has grown by 25% CAGR in the last decade. The installed solar capacity in the U.S. has grown from ~20,000 MWdc to 200,000 MWdc in 2024. As a result, the manufacturing business of solar panels and photovoltaics for residential, commercial and utility applications have grown significantly in the United States.
HPQ Sand which is a crucial material in preparing solar quartz ware is expected to boom with U.S. high purity quartz market. According to PMR, the solar PV segment accounts for more than 45% HPQ demand in the United states expanding at 8.7% CAGR from 2024 to 2031.
High purity quartz (HPQ) refers to highly refined quartz with exceptional purity used in industries such as semiconductors, solar panels, and optical fibers. Manufacturers extract HPQ from high-quality quartz deposits as its chemical stability and thermal resistance make it crucial for advanced technology applications.
The U.S. high purity quartz market is growing due to increasing demand in the electronics sector, the rapid expansion of solar energy installations, and the rise of high-performance optical applications. The surge in 5G network infrastructure and higher investments in renewable energy projects are driving this demand further. The increasing reliance on these technologies creates significant growth opportunities for HPQ suppliers.
Increasing production capacity expansions are seen in North America and Asia Pacific as these regions are witnessing huge demand for high purity quartz. Additionally, innovations in purification technologies are helping manufacturers achieve high purity levels efficiently. Meanwhile, competition is intensifying among leading players like Sibelco, The Quartz Corp, etc. as they strive to meet the increasing global demand for HPQ.
The U.S. high purity quartz market expanded at a CAGR of 5.5% during the period from 2019 to 2023. The market was hugely impacted due to the COVID-19 pandemic as the supply chain was disrupted and prices shoot up in 2020. However, post COVID the prices of HPQ fall significantly due to high influx of HPQ into the market.
The market is expected to benefit from the rising manufacturing sector and growing sales of consumer electronics in the country. As HPQ are essential requirement of the semiconductors and solar industries, the growth projections are highly dependent on the performance of these industries. New solar power projects are expected to create lucrative opportunities in the market. The market is anticipated to secure a CAGR of 5.7% during the forecast period from 2024 to 2031.
Growing Demand for High Purity Quartz from Fiber Optic Manufacturers
High purity quartz is a crucial material used in the production of fiber optic cables, which are the backbone of modern telecommunications infrastructure. With the ongoing rollout and expansion of 5G and future 6G technologies, the demand for fast internet connectivity and high-speed data transfer has surged dramatically.
Technologies require robust fiber optic networks to handle the massive data loads, support low latency, and deliver enhanced broadband services across industries. These industries include telecommunications, entertainment, and cloud computing.
The demand for high-speed and reliable internet infrastructure continues to grow as more industries and consumers adopt Internet of Things (IoT) devices, autonomous systems, smart cities, and cloud-based services.
Fiber optics offering superior data transmission speed and reliability is becoming a critical requirement. This creates a significant uptick in demand for high purity quartz, which is essential in producing high-performance fiber optic cables. Hence, the U.S. high purity quartz market is benefiting from this demand growth, driven by the advancement of next-generation communication technologies.
Expanding E-commerce Penetration in the Country
The growth of consumer electronics sales in the United States is significantly driving demand for high purity quartz (HPQ) in the semiconductor and electronics industries. As devices such as smartphones, laptops, tablets, and wearables become more popular, the need for advanced semiconductors has surged.
HPQ, known for its exceptional purity and thermal stability is a critical raw material used in the production of these semiconductors, which are essential for the functioning of modern electronics. In 2024, the sales of consumer electronics in the U.S. reached US$ 150 Bn. Growing population, rising disposable income and shift toward modernization will drive the demand for HPQ more in consumer electronics manufacturing in the country.
Shift toward Renewable Solar Energy Projects
The shift toward renewable solar energy projects provide a lucrative opportunity for the U.S. high purity quartz market. As the U.S. accelerates its transition to clean energy, solar power generation has become a key focus.
HPQ plays a critical role in the production of photovoltaic (PV) solar panels as it is used to create high-purity silicon, which is essential for manufacturing efficient solar cells. The increasing number of solar energy installations driven by government incentives, corporate sustainability goals, and growing environmental awareness is boosting demand for HPQ further.
The need for high-quality materials to support solar cell production continues to rise as solar energy becomes a more significant part of the U.S. energy mix. This creates substantial opportunities for HPQ suppliers as they are integral to the supply chain of solar panel manufacturers. The growing adoption of solar power thus represents a promising avenue for expansion in the HPQ market with the potential for long-term and sustained demand.
High Production Cost
The U.S. high purity quartz market faces several significant restraints including high production costs, and stringent environmental regulations. High production costs stem from the intricate and energy-intensive processes required to extract and refine HPQ to its exceptionally pure form. The need for specialized equipment, advanced technology, and rigorous quality control makes the production of HPQ expensive, which limits its affordability and accessibility for manufacturers.
Stringent Environmental Regulations
Strict environmental regulations further complicate the market. The extraction and processing of quartz often involve mining activities and chemical treatments, which are subject to strict regulations aimed at minimizing environmental impact. Compliance with these regulations can increase operational costs and create delays in production impacting overall market growth.
The U.S. high purity quartz (HPQ) market's competitive landscape is defined by a mix of established global players and specialized regional producers. All these players are competing in a high-demand environment driven by stringent quality standards particularly in industries like semiconductors and renewable energy.
With high barriers to entry due to complex production processes, and the need to meet strict industry specifications, the U.S. high purity quartz market is reliant on maintaining consistent quality to avoid impurities that could compromise end-product performance.
Competition revolves around technological advancements, cost management, and securing long-term contracts with key sectors. Companies are increasingly investing in research and development to enhance production efficiency and purity. Strategic partnerships and adherence to environmental regulations also play a vital role in gaining a competitive edge.
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Attributes |
Details |
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Forecast Period |
2024 to 2031 |
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Historical Data Available for |
2019 to 2023 |
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Market Analysis |
US$ Million for Value |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon request |
By Grade
By Application
To know more about delivery timeline for this report Contact Sales
The market is estimated to increase from US$125.7 Mn in 2024 to US$185.3 Mn by 2031.
High HPQ demand from manufacturers of fiber optics is a key driver for market growth.
The Quartz Corporation, Sibelco, and Momentive Performance Chemicals, Inc. are some of the leading industry players.
The market is expected to secure a CAGR of 5.7% during the forecast period from 2024 to 2031.
A key opportunity for HPQ market lies in the shift toward renewable solar energy projects.
