Quartz Market

Market Overview

The global quartz market was valued at USD 8.52 billion in 2022. It is estimated to reach USD 18.66 billion by 2031, growing at a CAGR of 9.1% during the forecast period (2023–2031).

A naturally occurring, crystalline mineral that is solid at ambient temperature and is comprised of silicon dioxide (SiO2) is called quartz. Quartz gets its name from the material's appearance. Quartz can be found in significant amounts in various rocks, including sedimentary, igneous, and metamorphic rocks. It possesses piezoelectric properties, which create positive and negative charges on alternate prism edges; it is utilized as a pressure gauge in depth-sounding equipment. This is possible because the piezoelectric properties help create positive and negative charges. This is the result because of the contribution that the piezoelectric qualities provide to the creation of these charges.

Quartz is used extensively in fabricating a wide variety of electronic equipment because of its durability, resistance to corrosion, and extraordinarily high tolerance to chemical and mineral weathering effects. Quartz is widely utilized in numerous industrial applications for these reasons. Crystals, stones, pebbles, engineered varieties, high-purity varieties, and crucible varieties are all different types of quartz that may be purchased in today's market. Quartz can also be found in crucibles.

Market Dynamics

Global Quartz Market Drivers:

Increase in Demand for Quartz

A major mineral with many applications is Quartz. Sand, composed of tiny Quartz stones, is necessary to assemble glass. Numerous electronic applications exist for quartz sand. It is used as an oscillator in the study of optics and radios, clocks, and weight scales. It serves as a grating for fine stone cutting, glass hammering, and sandblasting.

Additionally, it is crucial to the PC industry since Quartz is used to make important silicon semiconductors. In addition to these applications, Quartz is significant for the jewelry sector. Pearls are created from many quartz stones. The most impressive pearl assortments are amethyst and citrine. Aventurine, Quartz Crystal, Quartz Glass, and Quartz Sand are also polished or carved into jewelry. Some people wear tiny vapid quartz gems as pendants to attract good luck. The expanding use of Quartz in various end-user sectors is anticipated to propel the expansion of the global quartz market.

Technological Advancement

The continuous development of new technologies within the quartz industry contributes significantly to the market's expansion. Quartz gem components are being used in many of today's electronic devices. Quartz is used in some end-user sectors in China, including some that are part of China's solid quartz industry. The transformation that has taken place in the quartz gem business in both the United States and Europe has been directly responsible for the globalization and redesign of the production of quartz precious stone jewelry in China, which has had a significant impact on both the market and innovation.

In the meantime, many assembling centers of leading OEM businesses and the gadgets sector, particularly those dealing with media transmission and machines, use numerous precious quartz stone items sourced from Japan and Korea. Chinese organizations collaborate with various associations to develop innovation and progress in the quartz industry. Some examples of continuing activities in the global quartz business include collaborative projects with far-flung organizations, innovative work coordinated with academic efforts, and administrative donations for quality quartz production. These are only a few of the many programs.

Global Quartz Market Restraint:

High Cost

Quartz's relatively high price is one factor holding back expansion in the global market. Quartz is mostly produced in China, which makes it a world leader in this industry. All quartz materials imported from China now have additional tariffs placed upon them. An investigation into the unlawful dumping of imported quartz into the United States led to the announcement that additional duties would be levied on quartz. This was done due to the Commerce Department in the United States making this announcement. The price of quartz is rising in several countries, leading to a decrease in its utilization. It is anticipated that this aspect will slow down the expansion of the market.

Global Quartz Market Opportunities:

Rise In RandD Activities

Continued research and development into more effective methods of making quartz is creating new potential for market expansion in the future. Producing a quartz plate from a big crystal weighing several pounds entails a lengthy and laborious process, including constant cutting, surfacing, and checking the plate's progress. Each step requires some product of crushing or lapping, and achieving the desired level of hardness in the quartz requires high precision. The crushing of hard, brittle substances was mostly limited to gems until precious stones started to be widely used in electrical work. The processes and materials used at the time were not very suitable for the large-scale preparation of quartz. As a result, research is currently being conducted at Bell Laboratories to identify the strategies and structures that are most acceptable for the most demanding quartz. In these kinds of advancements, valuable machines are utilized. It is anticipated that these RandD initiatives will help expand the business.

Regional Analysis

North America Dominates the Global Market

Based on region, the global quartz market is bifurcated into North America, Europe, Asia-Pacific, and LAMEA.

North America is the most significant global quartz market shareholder and is estimated to exhibit a CAGR of 6.10% over the forecast period. The market is expanding because North America has a significant base of quartz manufacturing. Amethyst is found throughout the US. Examples of cities where amethyst was first discovered include the Mazatzal Mountain region in the Gila and Maricopa Districts, Amethyst Mountain, Texas; Arizona; Red Plume Lakes; and North Carolina. In Ontario and Nova Scotia in Canada, amethyst is often basic. Thunder Straight, Ontario, is home to the largest amethyst mine in North America. These regions have a strong quartz production base, which makes them a big contributor to the market's growth. The official gemstone of South Carolina is amethyst. A few amethysts from South Carolina are used to create jewels and jewelry. These elements are anticipated to support market expansion.

Asia-Pacific is anticipated to exhibit a CAGR of 7.10% over the forecast period. Due to the region's rising economy and the establishment of government regulations to transition from thermal to solar energy, the market for quartz in the region is anticipated to expand. Due to this factor, the demand for quartz glass in the photovoltaic industry is rising. Significant quartz glass manufacturing companies are also based in the Asia Pacific. The biggest markets currently are China and India, although Japan and South Korea are also anticipated to help the business grow. The presence of significant players is fuelling the market's expansion. Samsung Radianz, Baoliya, Quarella, Hanwha LandC, and Baoliya are some companies fostering market expansion. These companies provide quartz goods to the medical, photovoltaic, building and construction, semiconductor, electronics, and semiconductor industries. The demand for quartz is anticipated to rise dramatically as these sectors develop. This element is anticipated to support the market's expansion.

In Europe, quartz is the most frequent material found in European passage tomb cemeteries, such as Newgrange or Carrowmore in Ireland. Quartz is a semi-precious stone increasingly used in European jewelry and hardstone carving, including magnificent containers, sand vases, and gems. One of the well-known quartz manufacturers in Europe is Technistone. Strong quartz, produced by Technistone and used to make floor or bathroom tiles and kitchen ledges, is well-known for its durability. It has accelerated the use of numerous new products. Regarding gem production, Asia and South America are more fruitful than Europe.

However, Europe continues to produce some beautiful diamonds. Even though golden may be obtained in various Mainland, Poland has the best golden shops. Russia is the source of most gems on the European mainland, including lapis lazuli, precious stones, topaz, alexandrite, tourmaline, quartz, and emeralds. Spain, which manufactures quartz, is home to other European gem shops. These precious stones are used increasingly in end-use industries like solar, semiconductor, construction, and electronics. The demand for quartz in these industries is anticipated to increase dramatically with increased output. This element is anticipated to support the market's expansion.

In LAMEA, it is anticipated that the establishment of several pieces of legislation will increase quartz's quality. Brazil law twins create quartz as a twin, resulting in a characteristic pattern with parallel lines and triangles. According to Brazil Law, several amethysts are synthetically twined together. Particularly in zones, the valuable amethyst stones have alternating left- and right-handed quartz layers. The three states that produce the most quartz are Goiaz, Bahia, and Minas Gerais. Espiritu Santo and Northeastern Brazil provide small amounts of quartz.

In addition to Brazil, other nations like Saudi Arabia are fuelling the expansion of the Quartz market. Saudi Arabia creates mineral-based assemblies using equipment and innovation for managing minerals. To concentrate on mining, the Saudi mining sector uses organizations for counseling, constructing, and synthetic testing. High-purity quartz from Saudi Arabia has the potential to be upgraded to fused quartz with modern mining equipment. Additionally, it is anticipated that as innovation and development continue to expand, the Manufacturing of polysilicon, silicon, and cultured quartz will also improve.

Segmental Analysis

The global quartz market is bifurcated into product and end-user.

Based on the product, the global quartz market is bifurcated into quartz surface and tile, high-purity quartz, quartz glass, quartz crystal, quartz sand, and others. 

The quartz surface and tile segment dominates the global market and is projected to exhibit a CAGR of 6.50% over the forecast period. Iron and other transition metals in quartz can form a purple variation of the mineral known as amethyst. The presence of additional trace elements in quartz can also result in the formation of amethyst. Amethyst is an excellent material for use on surfaces and tiles because of its hardness. Amethyst is transported from the region of Minas Gerais in Brazil, where it is discovered among volcanic rocks and is mined for export. Amethyst stones can be found in abundance in Brazil and Uruguay. Quartz Surface and Tile are reported to be produced in substantial quantities in the region of Artigas, Uruguay, and in the nearby state of Rio Grande do Sul, Brazil.

Quartz is becoming more and more common for use in the construction of building surfaces. Quartz is finding more and more applications, from kitchen countertops to bathroom flooring. In addition, quartz is frequently used instead of more expensive materials like granite and marble because it is more affordable and durable. The expansion of the global market for quartz is anticipated to be driven, in large part, by the growing application of quartz in kitchen countertops and bathroom floors.

Based on end-users, the global quartz market is divided into electronics and semiconductors, solar, buildings and construction, medical, optics and telecommunication, and others. 

The electronics and semiconductor segment is the most significant contributor to the market and is estimated to exhibit a CAGR of 6.40% over the forecast period. They are doping the material with contamination to change the electronic properties of the material in a controllable manner, resulting in the creation of a semiconductor material. This material is a tiny band gap insulator. They are inorganic solids with a consistently crystalline structure and are distinguished by their periodic table. For instance, germanium and tin are members of bunch IV, whereas selenium and tellurium are members of bunch VI. The personal computer business and the photovoltaic sector use electronic and semiconductor materials to produce lasers, sun-oriented cells, and transistors. High-quality quartz is the raw material for producing silicon wafers in the semiconductor industry. However, this scenario is extremely rare and expensive. In developing microelectronics, integrated circuits, and silicon chips, using pure quartz sand as a raw material for fabricating silicon metal semiconductors for transistors is essential.

Recent Developments

• December 2022- Sibelco acquired Bassanetti Group of Italy, a local player in Southern Europe's extraction, processing, and marketing of sand products. This move will strengthen the company's positioning in Southern Europe.
• June 2022- Tata Consultancy Services (TCS) announced that its new “Quartz” was named the ‘Best New Post Trade Solution’ at the 2022 FTF News Technology Innovation Awards. The Quartz offering includes end-to-end services around tokenized securities to MIIs (Market Infrastructure Institutions).