High Purity Quartz Sand Market Sturdy at healthy CAGR to COVID-19 Impact and Global Analysis by Top Companies
The global high purity quartz sand market size is expected to gain momentum owing to the increasing demand in semiconductor manufacturing during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “High Purity Quartz Sand Market, 2021-2028.” Quartz sand is produced from oxygen and silica. It offers mechanical and thermal properties. It is utilized for scouring cleansers, sand blasting, and grit for sanding and sawing. It is also called silica sand, white sand, and industrial sand. High-quality quartz sand is used as a raw material in the manufacture of semiconductors, quartz ware, fused quartz crucibles, and quartz lighting goods. It is used in a wide range of applications such as microelectronics, solar energetics, lighting, and fiber optics.
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Supply Chain Disruption to Hamper Growth
COVID-19 has disrupted the supply chains of various industries throughout the world, including electronics and semiconductors, construction, and automotive. The pandemic had a negative impact on high purity quartz sand demand in these industries. Solar power usage has increased, but this hasn’t been enough to bring the market back. Due to the resumption of production in most industries, the market is projected to recover in the coming years.
List of Key Players Profiled in the Global Market for High Purity Quartz Sand:
- The Quartz Corporation
- High Purity Quartz Pvt Ltd
- Creswick Quartz Pvt Ltd
- HPQ Materials
- Mineracao Santa Rosa
- Jiangsu Pacific Quartz
- Nordic Mining ASA
By type, the market is segmented into high grade, medium grade, and low grade. On the basis of application, the market is segregated into microelectronics, solar energetics, lighting, fiber optics, and others. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The region’s major countries have been plotted based on their individual revenue contributions to the regional market. The report explains the major drivers, constraints, and market opportunities, and their comprehensive impact analysis. The market study provides detailed information on the high purity quartz sand industry participants’ market share.
Drivers & Restraints-
Increasing Demand in Various Applications to Stimulate Growth
The global high purity quartz sand market growth is expected to grow due to the increasing demand in various applications during the projected period. Quartz sands with high purity are generally utilized in specialty lighting, semiconductors, LEDs, fiber optics, and photovoltaic applications. The product is utilized in semiconductor production to enable excellent results and tight process control for water processing and crystal growth activities. It’s also utilized in copper-clad laminates and semiconductor-grade epoxy molding compounds as a filler powder. It is also used in halogen lamp bulbs as silica glass. Therefore, market expansion will be fueled by rising demand for the product in these applications.
Increasing Adoption in Electronics Applications to Promote Growth in Asia Pacific
Asia Pacific is expected to hold the largest global high purity quartz sand market share during the forecast period. The increasing adoption in electronic applications is expected to fuel the market growth in the region.
Europe is expected to have a sizable share of the market. This is due to the growing adoption of the product in solar energetics in the UK and Germany are the leading countries in the region.
Increasing Number of Mergers to Create Lucrative Opportunities
The study provides a thorough analysis of the following main companies in the high purity quartz sand, including their competitive landscape, capacity, and most recent events such as mergers, acquisitions, and financing. The dynamic trend of developing sustainable and environmentally friendly products is one of the primary strategies pursued by industry participants.
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