Synthetic Quartz Market Surges with a Notable 6.1% CAGR through 2029: Driven by Electronics and Automotive Industries

The global synthetic quartz market is projected to surge to US$ 149.4 Million by 2029, exhibiting a robust Compound Annual Growth Rate (CAGR) of 6.1% from 2022 to 2029. Fueled by a burgeoning demand within the electronics vertical, the market anticipates an unstoppable trajectory in the forecast period. As electronic devices continue to proliferate, the indispensability of synthetic quartz in various applications, such as semiconductors and electronics manufacturing, positions it as a key player in the evolving technological landscape, driving substantial growth in the industry.

Synthetic quartz plays a crucial role in the electronics industry due to its unique properties, including exceptional piezoelectric and optical characteristics. It is used in the manufacturing of quartz resonators, oscillators, filters, and sensors, contributing to the performance and reliability of electronic devices such as smartphones, wearables, and automotive electronics.

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Apart from semiconductor vertical, those dealing with solar energy are wholesomely using synthetic quartz. The latest deployments include photo-mask substrates and optical fibers for LSI (Large Scale Integration) in the semiconductor circuits and LCD (Liquid Crystal Display) panels.

Photo-mask substrates made out of synthetic quartz do have exceptional permeability with low thermal expansion, that too, in far UV range. Synthetic quartz is preferred by manufacturers to make frequency control oscillators as they help in smooth rides with several equipment.

Coming to optical components, synthetic quartz finds its way through wavelength lasers related to microlithography projection systems. Thus, high-energy UV laser radiation could be transmitted using synthetic quartz, so that large-scale ICs could be produced on substrates (as stated above). In solar vertical, high purity quartz is used to make single crystal ingots from the silicon metal.

Additionally, as synthetic quartz shows transparency to light in various wavelengths of the visible spectrum with visibly low co-efficient of thermal expansion, it’s used in the lithography tools to transfer fine circuit pattern into photo-mask onto wafer during manufacturing semiconductor integrated circuits. Future Market Insights has walked through these facts with insights in its latest market study entitled “Synthetic Quartz Market”.

Key Takeaways from the Synthetic Quartz Market

• The US holds the largest market share due to higher demand for smartwatches, mobile phones, clocks, lasers, GPS, sensors, laptops, television sets, and games. The key participants in the US are also into ever-increasing capital investments, which are bound to let the synthetic quartz market in the US reach US$ 28.7 Million by the year 2029.
• Coming to the Asia-Pacific, South Korea and Japan are the major producers as well as exporters of electronics. Also, they have a proper production to sales ratio. These two economies are likely to boost the synthetic quartz market in the forecast period.
• By end-use industry, automotive industry holds the largest market share. The application areas herein include car camera, watches, audio/navigation, advanced safety vehicle (ASV), engine control, controller (converter, inverter, battery), communication, and satellite radio. The growing requirement for electro-mobility is expected to hold the hopes high for synthetic quartz market in the near future.

“Call for Precisely Connected Devices is bound to help the synthetic quartz market grow exponentially”, says an analyst from Future Market Insights.

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Competitive Landscape

• Murata entered into collaboration with Truphone, STMicroelectronics, and Sony Semiconductor for commercialising LTE-M1/NB1 IoT solutions, thereby asking for fast deployment of the new-fangled IoT products. This type 1SE comes across as an efficient device for various IoT applications, and it’s accredited in the form of “host device”, which curtails integration challenges.

Key Companies Profiled: –

• TXC Corporation
• Nihon Dempa Kogyo
• Kyocera
• Murata Manufacturing
• Seiko Epson
• Daishinku Corp. – KDS
• Hubei Feilihua Quartz Glass Co., Ltd.
• Taihan Fiberoptics
• Heraeus Group
• Yuzhnouralsk Plant Kristall
• Coorstek
• Impex HighTech

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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