According to the research report titled ‘GLOBAL Quartz Market 2020-2028’, available with Market Study Report, global quartz market growth is set to multiply at a compound annual rate of 4.94% during the forecast period 2020-2028.
 

As per the report findings, rising applications of quartz in various industries, like jewelry, lighting, construction, abrasive, glass manufacturing, and petroleum are stimulating the industry growth. Besides, increasing utilization of high-purity quartz in semiconductor industry is enhancing the market remuneration. Apart from this, positive outlook of the solar industry is accelerating global quartz market growth.
 

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Escalating demand for quartz from optic lenses & optic cables industry along with broadening scope of frac sand in specialized drilling are expected to present new growth avenues for businesses operating in this domain.
 

On the contrary, environmental concerns associated with quartz mining, and discoloration/pigmentation in quartz tiles & slabs over time remain major challenges for the industry.
 

Based on type, global quartz market is categorized into high-purity quartz (quartz glass, fused quartz crucible, and quartz surface and tile, silicon metal, and quartz glass. In terms of application, the industry is classified into solar, electronics and semiconductor, solar, optical fiber and telecommunication, buildings and construction, automotive, and others.
 

From a geographical standpoint, North America (U.S., Canada), Asia Pacific (India, China, Japan, South Korea, ASEAN Countries, Australia and New Zealand), Middle East and Africa (Turkey, United Arab Emirates, Saudi Arabia, South Africa), Latin America (Latin America, Brazil), and Europe (Russia, France, Germany, Spain, Italy, U.K.) are the prime growth hubs for global quartz market expansion.
 

Experts cite that Asia-Pacific industry is expanding at a robust pace, creditable to high exports of quartz from China, India, and ASEAN countries. Moreover, booming housing sector and rising deployment of solar panel systems in the aforementioned nations are supporting the regional market expansion.
 

Top-tier players in global quartz industry sphere are Sibelco, Heraeus Group, Nordic Mining ASA, SUMCO Corp., Nihon Dempa Kogyo Co., Ltd., Momentive, Rusnano Group, AGC, Inc. (AGC Glass Kenzai Co., Ltd.), The Quartz Corp., Dow, Beijing Kaide Quartz Corp., Ferroglobe plc, Compagnie de Saint Gobain SA, Jiangsu Pacific Quartz Co., Ltd., and Elkem ASA.