High Purity Quartz Sand Market to Witness a 9.8% CAGR from 2018 to 2023: MRFR Releases the Forecast 2018-2023, Top Players Operating, Latest Trends, Segament and Overview
Research Reports
Jan 11, 2021
Market Analysis
High Purity Quartz Sand (HPQS) is a high-end electronics-compliant material which makes it a primary feedstock essential in the manufacturing of photovoltaic (PV) Solar Cells and all electronics and semiconductor production materials. Although HPQS deposits are rare is an important mineral with numerous uses including a primary ingredient for the manufacture of glass, in electronics, as oscillators in radios, watches, and pressure gauges, and in the study of optics.
Growing popularity of fiber optic products such as optical fibers and optical lenses is another key factor that is driving the global demand for high purity quartz sand. The outlook towards the high purity quartz sand remains positive for the medium term. Rapid industrial growth and quick urbanization in countries such as China, Mexico, Brazil and India is creating favorable market opportunities for high purity quartz sand.
Global High Purity Quartz Sand Market – Segments
For ease of understanding, the market has been segmented into three key dynamics: –
By Type : High Grade, Medium Grade, and Low Grade.
By Application : Microelectronics, Solar Energetics, Lighting, and Fiber Optics among others.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
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Global High Purity Quartz Sand Market – Competitive Landscape
Highly competitive, the high purity quartz sand market appears to be fragmented owing to the presence of several well-established players. These players are focusing on optimizing situational awareness towards customers to ensure their mission success. They seek market expansion through various strategic initiatives such as capacity development, M&A, and increasingly invest in developing cost-effective product portfolio.
These well-established players operating in the high purity quartz sand market are targeting more investments in technology development and upgrading their existing products. These vendors strive to deliver the high-purity product that is manufactured to the highest standards.
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Global High Purity Quartz Sand Market – Geographical Analysis
The Asia Pacific region, heading with the high use of the product in the solar energetics industry, is expected to continue with its dominance over the global high purity quartz sand market.
Additionally, factors such as the burgeoning fiber optics market led by the emergence of technologies (DWDM or FTTX), and the rising demand for the internet in rapidly developing countries like India, China, and Taiwan are fostering the market in this region. Moreover, the increasing demand for high purity quartz sand from the microelectronics industry is another crucial driving force, pushing up the APAC market on the global platform.
The high purity quartz sand market in North America accounts for the second-largest market, globally. The presence of key market players impacts the market growth in the region, meeting increasing the demand for microelectronics. Additionally, the increasing uptake of the product led by the high demand from the various burgeoning industries such as solar energy, lighting, and fiber optics propels the growth of the market in the region.
Europe high purity quartz sand market has become one of the promising markets, globally. Factors substantiating the demand and growth in the market include the growing applications of the product in some of the burgeoning end-user industries like electrical & electronics. Furthermore, the augmenting demand for high purity quartz sand in the various burgeoning sectors such as fiber optics will contribute to the regional market, majorly.
Major Players:
Key players leading the global high purity quartz sand market include Sibelco, The Quartz Corporation, Creswick Quartz Plt Ltd., Lianyungang Donghai Colorful Mineral Products Co., Ltd., Momentive, HPQ materials, Jiangsu Pacific Quartz Co., Ltd., Mineracao Santa Rosa, Kyshtym Mining, and Nordic Mining ASA among others.
Industry/Innovation/Related News:
March 7, 2019 — I-Minerals Inc. (Canada), a leading global company involved in developing multiple deposits of high purity, high-value quartz announced amendments in its Bovill Kaolin Project Development Plans. The highlight of these updates includes the reorientation of the Bovill Kaolin Project (BKP) towards establishing the viability of an initial operation with low- cost capital and a focus on quartz, metakaolin and halloysite.
The market demand for quartz, metakaolin, K-spar, and halloysite are unlikely to support a new operation of the size envisaged in March 2016 due to the barriers to entry.
Basic changes have taken place over the past several years, with respect to quartz and potassium feldspar. Relocation of North American manufacturing plant of solar glass to foreign locations has reduced the sales potential of high-quality, low iron quartz products.
To increase the share in the quartz and K-spar markets I-Minerals would need to replace current suppliers, mostly through pricing, and at the same time require customers to undertake additional reformulation to accommodate new minerals in the production process.
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