Global Quartz Glass Market to register substantial growth by 2024

November 01, 2019

According to the latest study titled ‘Global Quartz Glass Market: Analysis By Product Type (High Purity Quartz Glass, Ordinary Quartz Glass), By End-User Industry (Lamp and Lightning, Semiconductor, Communication, Photovoltaic, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (Americas, Europe, APAC, ROW), By Country (US, Canada, Mexico, Brazil, France, Germany, UK, China, India, Japan, South Korea)’ available with Market Study Report LLC, the global quartz glass market is estimated to grow substantially by the year 2024.

Growing inclination towards cleaner energy alternatives and stringent federal norms targeted towards achieving a pollution free environment would positively impact global quartz glass market outlook. Quartz glass is mostly used to manufacture semiconductor products as it possess excellent electrical and corrosion performance and has high thermal conductivity.

The research report offers key insights over the revenue shares and growth opportunities provided by different segments in quartz glass market. Moreover, it provides an exhaustive understanding about potential drivers and challenges, and factors influencing industry growth.

Based on product type, the global quartz glass market is segmented into ordinary quartz glass and high purity quartz glass. While based on end-user industry, the market is segmented into semiconductor industry, lamp & lightning industry, communications industry, photovoltaic industry and others.

Considering the geographical landscape, global quartz glass market is fragmented into four major regions, namely Europe, APAC, America, and RoW. Whereas key countries witnessing market penetration include United Kingdom, France, Canada, U.S, China, Germany, South Korea, Japan, Brazil, Russia, and India.

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According to the report, Asia Pacific quartz glass market is projected to register accelerated growth over a CAGR of 1.73% during the forecast period.Apparently, major quartz glass manufacturing companies are located in Asia Pacific, with China and India estimated to hold the highest market share in the current business scenario.

Some of the vendors that operate in quartz glass market Momentive, Tosoh, MARUWA, Raesch Quarz, Heraeus, Shin-Etsu Chemicals, Hubei Feilihua Quartz, QSIL, and Saint-Gobain Quartz.

Frequently Asked Questions (FAQ) :

Increasing adoption of technologically advanced products as well as active imposition of government regulations for shifting usage from thermal energy to solar energy is expected to be the key driving factors stimulating quartz glass market growth.
The global quartz glass market is slated to witness sizable growth from ordinary quartz glass, and high purity quartz glass segments. Meanwhile, end-user industries like semiconductor, lamp & lightning, communications, photovoltaic, etc are expected to offer profitable returns to quartz glass market.
Asia Pacific quartz glass market is projected to register a modest CAGR of 1.73% during the forecast period. This growth can primarily be credited to growing economy conditions and establishment of advanced manufacturing facilities across the region. Notably, several quartz glass manufacturing firms are situated in Asia Pacific. Whereas China and India are currently the biggest quartz glass markets and are expected to be followed by Japan and South Korea in the coming years.
Leading companies operating in global quartz glass market include Momentive, Tosoh, MARUWA, Raesch Quarz, Heraeus, Shin-Etsu Chemicals, Hubei Feilihua Quartz, QSIL and Saint-Gobain Quartz.