The global synthetic quartz market is expected to witness a year over year growth of 6.3% in 2022 to reach value of US$ 93.0 Mn by 2022 end. The global business is anticipated to witness a considerable CAGR of 6.1% during the period of 2022 to 2029
The global synthetic quartz market is worth US$ 93 Mn as of now and expected to reach US$ 149.4 Mn by the year 2029 at a CAGR of 6.1% between 2022 and 2029. With electronics vertical witnessing a splurge, the synthetic quartz market is expected to grow on an unstoppable note in the forecast period.
The catalysts to this market include growing adoption of LTE and 4G networks, rising demand for smartphones with connected devices, and upswing in electronic equipment, especially in healthcare vertical.
Synthetic quartz is produced from hydrogen, oxygen, and silicon compounds like silicon tetrachloride. It does make way for several advantages including resistance to corrosion, acids, high temperatures, infiltration, bending, compression, impact, and wear.
Thus, it proves to be a good choice in electronics vertical. Also, it’s a known fact that high purity synthetic quartz does possess minimal impurities, inclusions, and linear defects. At the commercial level, hydrothermal process is adopted for producing synthetic quartz.
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.
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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
“Call for Precisely Connected Devices is bound to help the synthetic quartz market grow exponentially”, says an analyst from Future Market Insights.
Competitive Landscape
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Jan 19, 2023