July 27, 2020
As per the report titled ‘Global Quartz Glass Market Analysis By Product Type, By End-User Industry By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (Americas, Europe, APAC, ROW), By Country, available with Market Study Report, global quartz glass market is expected to display an appreciable growth over 2014-2024.
Rising utilization of advanced technologies, shifting consumer preference towards cleaner energy, implementation of strict government mandates regarding environment safety are the major growth drivers of global quartz glass market, cites the report.
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Based on product type, global quartz glass market is bifurcated into high purity quartz glass and ordinary quartz glass. While the end-user spectrum is fragmented into lamp & lighting, semiconductor, photovoltaic, communications and others.
Geographically, global quartz glass market is split into Americas, Europe, Asia Pacific, and Rest of the World. As per the report, Asia Pacific market is projected to expand with a y-o-y growth rate of 1.73% over 2019-2024. Economic growth, expansion of manufacturing plants, and government regulations promoting transition from thermal energy to solar energy are contributing to the regional market growth. Apart from this, strong presence of several leading quartz glass manufacturers in China and India, decline in product prices, and rising customer demand for increased functionality are positively impacting the business outlook in the reigon.
Key players operating in global quartz glass market are QSIL, Saint-Gobain Quartz, Shin-Etsu Chemical, Hubei Feilihua Quartz, Heraeus, Raesch Quarz, MARUWA, Momentive, and Tosoh.