Global High Purity Quartz Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2025 - (By Product Coverage(Low Grade (Sand and Powder),Medium Grade (99.99%),High Grade (99.997%),Ultra High Grade (99.999%)), Application Coverage, By Geography, Leading Companies)
Published Date: Jan 2021 |
Format:
| No. of Pages: 138
The global high purity quartz (HPQ) market is expected to be valued at US$ 1.1 Bn by the end of 2025. Fairfield Market Research forecasts the HPQ market to grow by CAGR of 7.5% till 2025.
Asia Pacific is anticipated to hold the highest value share by 2025. Rising demand for electronic components, rapid digital transformation, coupled with growing solar PV installations is propelling the market growth in the region.
Growing demand for semiconductors from electronics and automotive industry coupled with flourishing solar PV installations are the key factors influencing the demand for HPQ.
Top 2 players in the high purity quartz (HPQ) market together accounted for more than 80% of the total HPQ volume in 2019.
New entrants are coming up with advanced technological solutions, thus reducing ecological impact as well as energy intensive production.
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