The 5G mobile connection would increase to approximately 5.5 billion by 2030. Hence, the increasing deployment of the 5G networks globally would continue to elevate the need for the quartz in the forecast period.
According to MarkNtel Advisors study, 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.
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.
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Key Findings in Quartz Market:
| Historical Years | 2019-2022 |
| Base Years | 2023 |
| Forecast Years | 2024-2030 |
| Key Report Highlights | Ā· Market Dimensions & ProjectionsĀ· Pricing Evaluation,Ā· Recent Strategic Moves by Companies,Ā· Primary Stakeholders,Ā· Analysis of Import and Export Trends,Ā· Competitive Landscape Assessment,Ā· Emerging Opportunities,Ā· Market Trends and Indicators |
| Reports Delivery Format | Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Quartz Market Key Players:
Cisco, Fireeye Inc., IBM, Manageengine [ZOHO], Netscout Systems, Niksun, Novetta Solutions, Opentext, Palo Alto Neworks, RSA Security, Solarwinds, Sonicwall, Symantec [Broadcom], Vectra AI, Viavi Solutions, Others [Graylog, Difose, etc]
Market Segmentation Overview:
By Type
-Quartz Surface & Tile
-High-purity Quartz
-Quartz Glass
-Quartz Crystal
-Quartz Sand
-Others
Quartz Surfaces & Tiles holds a noteworthy market share in the Global Quartz market. Quartz surfaces offer durability, aesthetics, & ease of maintenance. As a result, these surfaces are becoming a more prevalent choice among constructors and interior designers. Additionally, the quartz surfaces are available in a diverse range of colors and designs. Owing to this, they look exactly like marbles. This, in turn, permits greater design flexibility & customization options in residential applications like kitchen countertops, bathroom vanities, flooring, & wall cladding.
In addition, the quartz tiles & surfaces have unique attributes like excellent durability, hardness, and resistance to scratches, and stains. As a result, they can withstand the demands of daily use in commercial settings, enhancing market growth. Moreover, they have non-porous properties that make them resistant to bacteria, mold, & mildew growth. Hence, the developers constructing hospitals are increasingly using quartz surfaces & tiles for hassle-free cleaning, boosting the global quartz market.
By End User
-Building & Construction
-Medical
-Electronics & Semiconductor
-Solar
-Optical Fiber & Telecommunication
-Others
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By Region
North America
South America
Europe
The Middle East & Africa
Asia-Pacific
The Quartz Industry Recent Development:
2024 Years: Kyocera Corporation announced the commencement of its new manufacturing facility in the US. The unit would develop FC-cut crystals & quartz in the forecast period.
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