According to the latest market research report title “Quartz Market By Type (Quartz Surface & Tile, High-purity Quartz, Quartz Glass, Quartz Crystal, Quartz Sand, Others), By End User (Building & Construction, Medical, Electronics & Semiconductor, Solar, Optical Fiber & Telecommunication) and Other–Forecast to 2030″, published by MarkNtel Advisors, The Global Quartz Market size is valued at USD 6.54 Billion in 2023 & is estimated to grow at a CAGR of around 4.56% during the forecast period, i.e., 2024-30.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global Quartz Market Driver:
Rising Hospitality Projects Uplifting the Demand for Quartz– In recent years, tourism across the globe has significantly increased due to the rise in business travel & medical tourism. Based on the statistics by the United World Tourism, International tourist arrivals in the American countries have reached approximately 90% of the pre-pandemic levels. This surge in tourism is leading to the requirement for accommodation facilities. As a result, several hotel groups are expanding their hotels across the region. For instance, as per the statistics by Lodging Econometrics (LE), as of Q4 2023, there are approximately 6,160 under-construction hospitality projects. These hotels & resorts essentially require quartz products for making countertops, flooring, and wall cladding. In addition, quartz products offer aesthetic appeal and resemble to natural stones like granite & marble. Therefore, the developers are using quartz to furnish high-end & luxury surfaces, further amplifying the Global Quartz Market.
Quartz Market Segmentation
The Quartz Market is highly robust and fragmented into numerous segments;
By Type
-Quartz Surface & Tile- Market Size & Forecast 2019-2030, (Thousand Tons)
-High-purity Quartz- Market Size & Forecast 2019-2030, (Thousand Tons)
-Quartz Glass- Market Size & Forecast 2019-2030, (Thousand Tons)
-Quartz Crystal- Market Size & Forecast 2019-2030, (Thousand Tons)
-Quartz Sand- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons)
By End User
-Building & Construction – Market Size & Forecast 2019-2030, (Thousand Tons)
-Medical- Market Size & Forecast 2019-2030, (Thousand Tons)
-Electronics & Semiconductor-Market Size & Forecast 2019-2030, (Thousand Tons)
-Solar- Market Size & Forecast 2019-2030, (Thousand Tons)
-Optical Fiber & Telecommunication- Market Size & Forecast 2019-2030, (Thousand Tons)
-Others- Market Size & Forecast 2019-2030, (Thousand Tons)
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Key Players Operating in the Quartz Market: –
Quality Quartz Engineering
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Momentive Technologies
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Saint Gobain Quartz
-Business Description
-Product Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the Quartz Market during the forecast period?
- Which segment is expected to lead the Quartz Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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