asia pacific quartz Market

The Asia Pacific quartz market is accounted to US$ 2,593.0 Mn in 2018 and is expected to grow at a CAGR of 7.0% during the forecast period 2019 - 2027, to account to US$ 4,748.1 Mn by 2027.

Quartz is a mineral form of SiO2 stable at low temperatures and pressures. It is found in igneous, sedimentary, metamorphic, and hydrothermal mineral environments, mainly in continental regions. It is highly resistant to mechanical and chemical weathering, and the high durability makes it the dominant mineral of mountaintops and the primary constituent of river, beach, and desert sand. One of the major properties of quartz crystals is the ability to vibrate at a precise frequency. Due to its high precise frequencies, quartz crystals are used to make extremely accurate time-keeping instruments and equipment that can transmit radio and television signals with precise and stable frequencies. Quartz products such as quartz sand is used in the production of container glass, specialty glass, flat plate glass, and fiberglass.

The quartz market, by product, is segmented into quartz surface and tile, high-purity quartz, quartz glass, quartz crystal, quartz sand, and others. The quartz surface and tile segment accounted for the largest share of the quartz market in 2018. Moreover, the high-purity quartz segment is projected to grow at a faster pace during the forecast period. Quartz surface and tile segment holds the dominant share in the Asia Pacific market as it is increasingly used for creating building surfaces. Quartz is used in the flooring application in various industrial, residential, and commercials sector as a cost-effective alternative to granite and marble. Quartz is mainly used in kitchen countertops and bathroom floors. Therefore, the rapid expansion of the construction sector in the developed and developing countries such as Australia, China, India, Japan, and South Korea is projected to provide a huge market opportunity for producers of quartz surface and tiles.

Asia Pacific quartz market is segmented based on country as - Australia, China, India, Japan, South Korea, Rest of Asia Pacific. The China holds the largest share in the Asia Pacific quartz market, which is followed by Japan. Quartz is closely related to various industrial sectors such as construction, semiconductor, electronics, energy, and power industries. The mechanical properties of the quartz, such as high heat resistance and high electrical conductivity, making it an important part of these sectors. The rising demands for high-end consumer electronics and electrical products coupled with the large presence of semiconductor manufacturers in the Asia Pacific countries are the factors that are propelling the quartz market growth.

Some of the players present in Asia Pacific quartz market are Caesarstone Ltd, Thermo Fisher Scientific Inc., Sibelco NV., E. I. Du Pont De Nemours and Company, Saint Gobain S.A., Creswick Quartz, Quartz Corporation, Momentive Performance Materials Inc., and Baba Quartz, among others

The overall Asia Pacific quartz market size has been derived using both primary and secondary source. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Asia Pacific quartz market. Also, multiple primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific quartz market.